Why Your Small Business Needs an Accountant

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If you’ve got this far without one, you might be wondering why your business needs an accountant at all. You’re not having an accountant may well be justified, but it won’t be for much longer. Take a look at our reasons why you’ll need one in the very near future.

An Accountant Can Help Grow Your Business

The more time you spend sorting out paperwork and your accounts, the less time you’re actually earning money. Employing an accountant means that your focus will be more on making sales, building relationships and carrying out the work as opposed to fiddling around with red tape in bureaucracy.

If you’re just starting out, then an accountant can be extremely helpful when making business decisions. They can give you advice, and help you with the tax issues of starting a new business. And as your business grows, they can help with other financial concerns too, like invoicing, etc.

An accountant will know what expenses are deductible, how to separate personal from business and could potentially help you save money.

They’re the Experts

The likelihood is that you’re not an expert in this area either (unless of course, your business is in accounting), which means that anything you do will take longer, and will probably be done to a lower standard than anything a qualified accountant can do.

They will have resources and knowledge closer to hand than you do too. Even if they don’t know the answers themselves, then they’ll know where to get the correct information.

How to Find a Good Accountant

There are several ways to finding a good accountant. One such way is through personal recommendations. While this way is a good one, you need to back it up with others – as they say, one man’s junk is another’s treasure. So, if you have a recommendation from someone you trust, research the particular firm – look for testimonials and case studies. Look into their qualifications and their values – do these align with your own?

Then make sure you look at or enquire about fees too, as the way it works can vary from firm to firm. Make a note of how responsive they are, as waiting weeks for a return phone call isn’t conducive to a happy relationship. Do talk to a few companies, including Gibson and Hewitt, but don’t always go for the cheapest firm – they often have too much on their plate and will not give you the service that you need.

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