Why you should hire an accountant for your small business

If you’re running a small business, you’re in control. You manage your staff, your services and you’re probably pretty smart at bookkeeping, too. So why should you need to hire a small business accountant, when you’re doing just fine without one, so far?

To know when it’s time to find an accountant, ask yourself these questions:

Can a small business accountant help me maximise my time?

If much of your valuable time is taken up with routine financial affairs, it’s time you invested in some dedicated accountancy services. An accountancy service that specialises in small business will take on routine financial tasks expertly, professionally and reliably, giving you the time to focus on what’s important to you, such as growing your business. And it’s not just about bookkeeping services: a good small business accountancy service offers more than just the numbers!

Can an accountant for small business help me grow my business?

Online accounting software gives start-ups the vital service of a business health check at any time, any place. The flexible 24/7 access to a range of business metrics such as cash flow and profitability means that you can check your financial position anytime with the confidence that it’s accurate and up-to-the-minute. With accurate, timely data, you’ll be able to make good, informed business decisions.

Can an accountant for small business help me make the right business decisions?

Are you familiar with the key business metrics that are the basis of business survival – things like cash flow, operating margins, and salary ratios? Knowing the right business metrics can mean the difference between success and failure. These powerful metrics will tell you whether your business is going up (or down) earlier than you might yourself realise. Accountants for small businesses will manage this complexity for you, providing you with the vital business information you’ll need to thrive, rather than just survive.

Can an accountant help me future-proof my business?

Businesses that survive are resilient: they’re agile and responsive to their external world. To be agile, you’ll need to continually scan the horizon for issues that affect your business - these could be new employment regulations, new payroll rules or issues about VAT, tax or company law. Horizon scanning takes time and expertise and if you take this on yourself, it’s just one more thing to think about. Horizon scanning is part of a good small business accountancy service – they’ll keep you safe.

Can I afford to outsource my business finances?

The issue is – can you afford not to? Outsourcing non-core business activities has become the norm for years and with good reason. Add up the hours you spend on your finances and legals, as well as the opportunity cost of the things you can’t do while you’re doing the numbers and you’ll find that you’re already spending more than you think. Small businesses like yours often don’t need a full-time accountancy service – a few hours a week can be enough, and with cloud-based accounting software, you’ll always have an up-to-the-minute picture of your business financials at your fingertips. You’re still in control. It makes good business sense to hire accountancy services that specialise in small businesses: and it’s not just about saving money. With financial and legal expertise on tap, and routine operations outsourced, you’ve given yourself the time and the headspace to really take your business places.

Accountancy Services Packages for Small Businesses

If you’re a small business that’s aiming big, we’ll help you achieve your vision. We have a range of accountancy, business and financial services that we’ve designed especially for small businesses like yours.

Our expertise will save you time and money, and give you back the focus you need for your products, service and customer base. And it’s flexible – choose just one, some, or all of our special packages. Each package comes with expertise and excellent service as standard. And we’ll keep you up to date with legislation so you never have to worry about missing something important.

Seven Accounting Best Practices for Small Businesses

If you’re a small business owner, you’ll have an amazing entrepreneurial spirit. You’re full of ideas about your products and services, and you want to grow your team so you can deliver the best. But don’t forget your finances. You may have the most innovative ideas in the universe, but without solid finances, you won’t survive. Think like a small business accountant – after all, that’s one of your roles. Develop a positive and dynamic attitude to your business finances with these seven best-practice tips:

Need a great small business accountant? Here are the 8 questions to ask

You know when it’s time to hire small business accountant - you just don’t have the bandwidth or skills to trust that you’re doing your finances correctly. And maybe you feel that you’re missing out on some great opportunities for tax rebates or other goodies. So, how can you tell whether a small business accountant is the right one for you?

Here are 8 questions to ask:

Use these questions as a starting point and also as a tool to compare answers – when you’re faced with choice in the market, the quicker you can narrow your selection down, the better.

A great small business accountant is a real asset for your business so it’s worth taking the time to find one that’s right for you.