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.
