Would you benefit from using a professional accountant?

Published: Sun, 03/23/14


Hi ,

For most small businesses getting and keeping customers is their biggest challenge, but keeping an eye on the cash coming in comes a close second, so is there any point in investing resources on the services of a professional accountant?

Let's look at the facts. A good accountant should be a trusted business advisor who can help you grow your sales and profits.  Here are the ways your accountant can really make a difference:

 1.      Help you grow your business

Your accountant can help you identify and make the most of growth opportunities, for example with a professional business plan you will have more chance of securing funding. By putting a plan in place, broken down into specific achievable 30-day goals, you will be more likely to achieve your vision for your business.

2.       Help you generate more sales and  profit

By understanding your business numbers, your accountant can help you identify the areas where you are not making money and by concentrating on what you do best, you will be able to concentrate your resources on your most profitable activities

3.       Give you a better understanding of your cash flow

All small business owners know that the most important thing in their business is cashflow.  By helping you understand how you can improve your cashflow, your accountant can help you reduce finance charges, and put you firmly in control of your outgoings.

 4.       Provide advice on how you can protect your business assets

It is not only your staff and physical assets that need protecting. Your most valuable asset is the information that you hold.  Your accountant can provide you with  practical advice on how you can protect your assets.

5.       Help you plan your future

You need to ensure that your business has the potential to be a saleable asset in the future so that you can realise its value when you want to retire.  This is especially important if your business finances are closely tied to your personal finances.

6.       Minimise your tax bill

The rules and regulations relating to tax are constantly changing.  Your accountant can put in place an effective tax strategy so that you minimise the amount of tax you have to pay.

7.       Save you time

You have to keep in mind the reason that you started in business in the first place, and it is unlikely that was so that you could spend your time dealing with a mountain of paperwork.  Employing the services of a professional accountant will free you up to spend time doing what you are good at, running your business!

If you know of a business that would benefit from the services of a professional accountant please contact Noel Guilford for an initial, no obligation, meeting.