5 Great reasons your startup business NEEDS an accountant!
So here are 5 great reasons why your new business might benefit from an accountant, right from the offset.
1. Business Structure
Probably the biggest decision you’ll face at the beginning of your business start-up is how to set up the legal structure. Seriously, you don’t want to get this one wrong. It really doesn’t hurt just to have a chat, and we’ll be able to advice you of the best set up for you.
Remember how we were talking about building strong foundations? Well, putting in accounting systems is one of the fundamentals of your business foundations. If you make your accounting a habit, right from the offset, you’ll find it easy, rather than a huge slog, days before the deadline! It will save you time and money!
Tax. Love it or hate it, you have to pay it! It’s important that you inform HMRC if you start a business. Once again we can advise you on the best route to take, be that Self-employed or setting up a limited company. Of course, the decisions you make here may well save you money in the long run!
4. Cash flow
Cash flow is the life blood of any business, old or new, but even more so at the beginning of your new venture. We can help plan your cash flow, so you won’t get into hot water from the very start, and if need be, offer advise on where to source some much needed funds.
5. Avoid the sharks
The second you register your new business, you will be flooded with calls, emails and letters from companies who can ‘help’ you with your new business! Trust us, we’ve been there seen it and done it. Not so much about accounting, this one and more about general business sense, but if we help you save money on unnecessary expenses, we’re fulfilling our role!
Hiring an accountant can be expensive, it’s a sad but undeniable fact. However, the benefits are that the money we can save you and the foundations we can help you lay can far outweigh the costs of hiring a professional accountant. If you’re a new start-up in the Essex or Suffolk area, we’d be happy to sit down and see if we can help, whether it’s with short-term or long-term advice, or even just helping mull over an idea… We might just end up saving you a whole ton of money!
If you’d like to have a chat about your business, just contact us.
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