Why you need an accountant
One of the best things about being a small business owner is being in control. You can work the hours that you choose, set goals for your strategy, and choose where and when you want to work. But when you’re in control of everything, it can mean you don’t have time to stop and think about where you want your business to be going. You have too many hats to keep swapping in and out. If you’re feeling swamped by finances or taxes, or you have had enough of HMRC, or missing looming tax deadlines, then it might be time to start thinking about hiring an accountant to think about these things for you.
Delegating your company’s financial affairs is a good start. You need to choose the right accountant and make sure you trust them with your company’s financial information. Once you’ve handed over your company’s finances to someone more experienced in accountancy than you are, you will have more time to concentrate on other aspects of your business.
Some of the most successful business owners in the world are experts at delegating work to the right people. Richard Branson says “I surround myself with people who have knowledge and talents in areas where I might not be so well versed.”
A good accountant should help you out during every stage of your company’s development, so you can concentrate on what you love doing.
Your speciality is running your business. Leave the financial detail to an accountant.