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5 ways an accountant can save you money
01 Aug

Admit it – you’re tempted to sort out your own accounts. As a start-up you don’t want to throw money around willy-nilly so you’re thinking that this is one little job you can do yourself. It won’t take long... it can’t be that hard... you’ll save money. Right? Er, wrong...

Here’s why hiring an accountant is one of the best investments you’ll ever make.

 

Your business needs you

You have a great business idea. You’re destined for great things. So why waste your precious time fiddling around with figures when you could be planning your strategy, meeting prospective clients, dreaming up ways to get more sales... or any of the other tasks that need your attention in order for your business to be a financial success. You’re the brains behind your business – so focus on what you’re good at and leave the accounts to an expert.

 

Penalties are a pain

We all know the Inland Revenue likes to get paid on time. So there’s no way you’re going to be late with your tax form, is there? Except it’s easily done and before you know it you’ve got a penalty and interest to pay. And as a start-up in the early stages, that’s a costly error you could do without. An accountant has all the important dates etched on their mind – so you can leave it to them to remind you.

 

What? I can’t claim for the office cat?

An accountant knows things you don’t. Like what you can – and can’t – claim for. How to correctly fill in a tax form. Clever ways to minimise your tax. All useful stuff that can save your business a nice little pile of money. Sure, you can wade through the Inland Revenue website to find all this out but, really, is that what gets you out of bed in the morning?

 

Regulations? They’re so last year!

Just when you think you’re on top of all the rules and regulations, things change. But who’s going to tell you? If you’re not up to speed with the latest info on small business taxes, it could cost you dear. An accountant will keep you up to date and ensure you don’t fall foul of the Inland Revenue.

 

Accountants are like magicians

You know when you find a fiver down the back of the sofa? The same sort of thing happens when you have an accountant. Honestly, an accountant has a knack for conjuring up money! With an accountant in charge of your bookkeeping, they can keep track of your spending and advise you on how to cut costs. They can also work their magic by helping you to spot opportunities to make savings and increase profits.

 

* Want to know how Duport Accounting can save you money? Give us a call on 0117 950 2667 or email us at enquiries@duport.co.uk

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