Accountancy companies can help you build your portfolio and keep you up to date on your records. When you start working for yourself, be it as a contractor, a limited company owner, a freelancer or consultant, your priority is to generate business and fulfil the work you have won.
5 benefits why your business should have an accountancy firm.
It can save you time:
An accountant can update you with the latest tax laws, rules and regulations and deadlines, not to mention one who completely understands what format HM Revenue. Companies are responsible to file their accounts and taxes to the HMRC. Accountants can save you hours of time by helping you to file the necessary returns and claim all reliefs you are entitled to.
Reduce your tax liability:
An accountant can assist you to strategically plan your transaction thereby reducing your tax burden. Knowing the best way to operate – whether it is as self-employed or a limited company, an accountant will guide you to be more tax efficient.
Prevent your hefty tax penalties and fines:
The latest figures from Companies House show that 223,640 companies filed accounts late in 2018, up 2% from 2017 when 218,884 companies filed late and representing 5.3% of total filers. For companies, it isn’t an easy job to keep up to date with the filing deadlines for their statutory returns.
With the help of an accountant, they will be able to make sure any statutory obligation the company has been completed on time.
Help you to grow your business
An accountant will be a great source of advice in helping you to grow and develop your business. By hiring an accountancy firm, like us, you will be allocated a dedicated accountant to help you with your company’s requirements. You will work with an accountant who will understand the ins and outs of your business and take great pride in seeing your business succeed.
Remove your tax worries
Tax regulations and statutory requirements are 1000’s page long and change regularly, so it is hard to keep well-informed of changing tax requirements while dealing with your company every day. So it comes as no surprise that so many small business owners worry about their tax affairs.
An accountancy firm can remove this worry by filing your tax return and insuring your complaint with the statutory requirements for your company.
Are you trying to find an accountancy company that fits for you and your business? At Carrington Blake Accountancy, we are here to help your business grow and keep you up to date with your financial records.