Why do I need an Accountant?
Updated: Aug 3
Starting a business can be daunting and working long hours is only part of it.
One of the key decisions you will be making is whether you will handle all of your business’s bookkeeping yourself. This will include bookkeeping, managing spending, calculating taxes and paying yourself.
Alternatively, you might hire an accountant to handle it for you and focus on what you do best. This is what most entrepreneurs will tell you. You are unlikely to notice how much time you spend working on your business rather than in it.
Starting your own business, and doing the trade that you enjoy is not all that you will have to do in your business. You will need a significant amount of time completing documentation, issuing bills, set-up payment systems, and keeping track of your accounts.
You have the option to enjoy your time with family and friends at the end of a long day or spend it behind your computer figuring out the accounts. If numbers are not your thing, you should consider an accountant to look after the account for your and help save you time.
A professional accountant that specializes in the trade industry can save you a considerable amount of time. An accountant can manage your monthly bookkeeping, and keep track of your receipts and payments from your customers. Your annual tax-assessment worries will be at an end, as your accountant will have it all in hand for you.
Your accountant will ensure that everything you do is tax compliant and maximising your tax efficiency by keeping your accounts up to date. Your accountant can ensure your tax returns are calculated correctly and paid on time. For more information on Self-Employed tax click here.
Leaving the account to complete these tasks, leaves you with more time to get new contracts, finish the job that you love, provide a great service to your customers and grow your business. All this can be done with the peace of mind that your business accounts are being managed for you.
As well as saving you time, your accountant will be able to spot ways that they can save you money too. This could be claiming back legitimate expenses or cutting unnecessary overheads for example.
If you are looking for an experienced trades accountant to save you time and money, book an appointment here.