Every small business owner knows that you have to juggle a lot of different roles – not just the expert in your industry field but taking on roles such as admin, marketing and handyman! But one role that business owners should invest in, to make a difference in your company’s growth, is an accountant.
Firstly, an accountant is there to help with your finances. If you’re doing the accounting & bookkeeping yourself, things can soon become complex where you feel that you’re losing control of your debtors and creditors, or that your own financial understanding is too limited. Hiring an accountant can keep you on track.
There is plenty of tax and regulatory paperwork that you need to fill out, an accountant will help you deal with government issues, some of which can be the technical aspects of the running of the business. We’re here to help you with more than just tax returns; we’re here to help you stay on top of all your regulatory and compliance requirements.
You may also need to know and decide upon about your company’s legal structure; you could be a sole trader, limited company or even a limited liability partnership. An accountant will explain the business legal structures and will help you choose the right one for your business.