Do You Really Want Lower Fees From Your Accountant?

Google reviews
April 08, 2016
n

Self-employment gives you almost unlimited earning potential, but it also comes at a cost. Unless you want to spend every waking hour at your desk, it’s essential to bring in external support from qualified professionals, especially where your accounts are concerned.

In a bid to keep outgoings to a minimum, it’s tempting to choose an accountancy firm that offers the lowest fees possible. However, we’re here to make you think twice about this rookie error, and explain why in the long term, quality accountancy services are worth every penny…

A false economy

There’s no getting around the fact that hiring an accountant costs money. Whether you’re a limited company with a monthly payroll or you’re operating under an umbrella company, it’s hard to escape these ongoing fees.

However, a good accountant should go further than filing your returns and processing admin. Think of your accountant as a trusted extension of your business, supporting your operations, protecting your profits, and helping you plan for the future.

So whilst saving a couple of hundred pounds on your accountancy fees may feel good in the short term, in the long term you may be missing out on thousands of pounds of savings where your business could become more tax efficient.

Avoid the headache

Managing your accounts can be stressful and time-consuming. It can be even more stressful if your accountant fails to deliver their services on time and to a high standard. By choosing a reputable accountant who specialises in your business structure, you can benefit from:

  • Intelligent tax planning
  • Modern accounting systems
  • Hands-free bookkeeping and payroll management

When searching for an accountant, think not just of the financial implications, but the time they can save you with a job well done, and the peace of mind that comes with it.

A personal touch

It’s easy to see accountants as spectacle-sporting, number-crunching wizards hidden behind a pile of paperwork. But choose an accountant you know, like and trust, and they can become a valuable partner for your business.

A dash of old-fashioned customer service and a personal touch can be worth its weight in gold when a problem arises or you need tailored accountancy advice. Be willing to spend a little extra on your accountant, and you could benefit from a better relationship and faster response times, from someone who genuinely cares about your financial health.

Nothing good comes for free; cutting corners to save a few pennies is a short-sighted approach that will cost you in the long run. Invest in accountancy services that offer a personal, thorough service, and you’ll reap the rewards of intelligent tax and business planning for years to come.

Been let down by your existing accountant, or looking to partner with a firm that goes the extra mile? We’re just a phone call away. Call 0161 669 4221 or email info@biaccountancy.com to speak with a member of our team.

TRUST

Resources

Recent Articles

HMRC app helps with student finance applications

HMRC app helps with student finance applications

An app from HMRC which provides information such as your National Insurance number and tax information has been flagged by the taxman to help students completing their A’ Levels this year and planning to head to university in September. Anyone who is applying for...

Want to avoid fines from HMRC? Here’s how

Want to avoid fines from HMRC? Here’s how

No-one likes to pay more to the taxman than they have to, but if you fall foul of HMRC’s rules, you could find yourself paying a penalty, and interest if things are not sorted out quickly. There are various fines you could face from HMRC if you get things wrong, and...

Why Stamp Duty Land Tax might need to be reformed

Why Stamp Duty Land Tax might need to be reformed

Stamp Duty Land Tax (SDLT) is the bane of property buyers in the UK. It is paid on every property purchase worth more than £250,000, and more people are being forced to pay it each year as the thresholds stay the same while property prices rise. The number of...

Ready to join us?

Whether you’re a contractor, freelancer, or small business, Bright Ideas can help remove the burden of time-consuming and complex finances. We’ll draw on our years of knowledge and experience earned helping sole traders just like you.

When you choose us, you’ll be assigned a dedicated Account Manager who’ll provide one-on-one support that’s customised to your business. Communication is key, so we’ll always answer your questions or requests as soon as we can. In fact, we offer a same-day response guarantee for emails and calls received before 3pm.

Contact us to get started

Give us a call us or send an email today!

Looking to switch accountants?
We make the transition simple.

Does your current accountant give 1-to-1 support? Are they fast and thorough?
Slap-dash services hold businesses back, so try our experts instead.

Move to an accountancy service that goes the extra mile…

Start the conversation

Let’s make your finances Brighter

Call us Monday to Friday 9am - 5pm

0161 669 4221

Request a call back