If you are starting a business you’ll need to keep you accounts in order and notify HMRC of your earnings through filing self assessment tax returns, company accounts and much more.
You might think that a start-up or one-man band isn’t big enough to warrant having an accountant, but in the following paragraphs we’ll tell you exactly why you need and accountant and how it will benefit you.
Why do I need an accountant?
If you are just starting out, an accountant will take the form of a business adviser and not just someone who files your paperwork with Company’s House and HMRC. They will offer advice on your business plan and highlight the various tax issues that you need to be aware of when registering a business.
Submitting tax returns, accounts and more
If you decide to set up a limited company and benefit from the wealth of tax saving opportunities that come with it, you’ll need to file company accounts, VAT returns (if you are VAT registered), self assessment tax returns and more. This is extremely time consuming and if you miss a deadline or complete documents incorrectly you could be issued with a fine. At Integro Accounting we can take care of all of this for you, leaving you with more time to focus on the important things, like growing your business.
Understand your budgets and cash flow
Like we said earlier, a good accountant does far more than just submit returns. We can also help with budgets, forecasting cash flow and provide general financial advice. Whether you are thinking of expanding or would simply like to plan more effectively your accountant at Integro Accounting will help you every step of the way.
We can help you to operate more tax efficiently
The value of an accountant is huge when it comes to operating in the most tax efficient way possible. There could be expenses claims that you aren’t aware of and so much more that contributes towards you operating far more tax efficiently.
The Internet cannot offer personalised tax advice in the way that a good accountant can.
How an accountant can help with growth
An accountant isn’t just there to manage your money; they can also advise you on the best ways to arrange additional finance without putting your business at risk.
Obtaining finance can be complex, so you need to ensure that once you obtain finance you are in a position to keep up with the repayments.
Once you have the finance in place you’ll need to consider the best way to approach your growth strategy. You need to think about working capital, invoicing, stock control and so much more – an experienced accountant can help with all of this.
We hope that this piece has highlighted the importance of an accountant. To find out more about Integro Accounting’s affordable, fixed-fee service please call our friendly accountants on 01525 303984.
Why Integro Accounting?
Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Hickmott FCCA, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.
We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.
Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.
The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.
We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.
If you have any questions about contracting or would like to find out more about how Integro Accounting can help you and business please call Christian on 01525 303984, email firstname.lastname@example.org or request a callback.