If you’re a small business, you might think that retaining an accountant isn’t a necessary or cost effective decision. Many small businesses will only bring an accountant in for specific projects, or when the end of the tax year is approaching. Some may even forgo an accountant altogether, opting to manage their own finances.
Find out why passing up on a straight talking accountant might not be the right decision with this video, then read on to learn more.
Foregoing expert advice carries a whole range of risks that can harm your business and form a barrier to successful growth. Without the right expertise, predicting your future circumstances could be difficult – making it harder to navigate around potential pitfalls when the time comes.
The range of advice that a trusted, straight-talking accountant can provide cannot be overstated –steering you away from unnecessary tax complications, keeping your costs down, offeringextensive advice and guidance on growing your business.
Retaining an accountant allows them to develop an understanding of your business that a less permanent advisor simply can’t match. It can make a huge difference to be working alongside someone who listens to your specific need and requirements, then works with you to achieve your goals.
A dedicated accountant can provide you with advice not only about your own business, but about your sector as well. They will be able to provide you with an extensive overview of where you stand in relation to your competitors and help you plan for the future.
What may have seemed at first like an unnecessary expense is likely to end up saving you money in the long term. An accountant with the right expertise can offer your business value, knowledge and support throughout your growth.
As experienced accountants in Watford, Dua& Co can provide you with the support and advice you need to grow your business. We offer a range of services including improving cashflow and profit, business plans, business advisory and growth strategy. Our accountants work with you to make your business a success.
Get in touch to find out what Dua & Co can do for you.