It’s common for a lot of business owners to feel that hiring an accountant is a luxury they can’t justify. In reality, hiring the right accountant will help your business grow, make cost effective decisions and save an awful lot of time (and take away those late-night panics frantically sorting paperwork before deadlines!)

Plus, as a business grows, the financial paperwork can get more complicated. Whether you’re just starting up your business or are established and growing, here are just a few ways an accountant can transform the way you work.

Never miss a deadline again

There’s nothing worse than scrambling to meet a deadline when you’re already swamped in your day to day work. An accountant will not only be on top of any deadline changes, they will also always be up to speed on any changes to tax limits, meaning you will never underestimate any future tax bills.

Save money

Instead of seeing an accountant as an unnecessary expense, see it as a positive investment for your business. By having someone else with industry expertise overseeing your figures, they can highlight expenses you’re entitled to claim for and many other areas your business could be saving money. So rather than an additional cost, an accountant could end up paying for themselves and increasing your income! Carthy Accountants avoid a “one-size-fits-all” approach to their clients, ensuring the support they pay for is the right fit for their business needs.

Meaningful business growth

An accountant isn’t just there to scan over your figures, they can help you make serious decisions to develop your business. If your company is new, an accountant can support you with your forecasting and financial plans and as your business grows, they can advise on staffing structures and how to maximise opportunities. Don’t forget, your accountant is likely to have lots of valuable connections too; Carthy Accountants are members of many local networking groups and regularly assist our clients in generating new business leads.

Perfect paperwork

When people attempt to do their own accounts whilst already stretched running a business, it often leads to bookkeeping that can be out of date with lost documentation, missed tax breaks and data- entry errors. Not only can it be time consuming to correct these, there can be financial penalties too. By investing in an accountant, your paperwork will always be up to date and most likely, easier to read and digest too!

Gaining back precious time

Chances are, the business you operate is one you are passionate about, so it makes perfect sense that the person managing your finances and tax is passionate about it too! By hiring an accountant with years of knowledge, they can take away the time you previously spent crunching numbers, meaning you can spend more of that valuable time working on the business areas you love (or bringing back relaxing Sunday nights rather than feeling stressed with tax paperwork!)

A full handover

Did you know you can handover full management of your accounts to your accountant? (Remember, you’ll still be legally responsible for their accuracy). They can do all sorts on your behalf from managing PAYE, completing your tax return and filing your accounts and you can even nominate your accountant to manage your communication with HMRC, saving many hours on the phone!

If you’re ready to make the change and invest in an accountant to transform your business, get in touch with the Carthy team today to talk through your needs, be matched with a specialist in your field and begin your business growth journey!