For business owners of all shapes and sizes, there is often a blurred line between work and play. This means that when it comes to hiring out an accountant to support your business' finances, you'll also notice a positive impact on your life beyond the business. In this blog, we're chatting you through 3 ways hiring an accountant can change your life, not just your business.
1. Reclaim your evenings
If you're hiring an accountant or bookkeeper, wave goodbye to those long evenings or weekend work balancing books that just don't seem to want to. Hiring an accountant means passing over the time consuming job of data entry and managing your finances. What's more, they don't have to spend hours in the evenings on Google as they have the knowledge and qualifications to make decisions with confidence and accuracy.
Whilst rushing to do bookkeeping work after a full day of work with a tired mind, we can often inadvertently end up with missed data or errors. This can be both stressful and time consuming. Investing in an accountant means your paperwork will be up to date leaving you in control.
2. Worry Less
When's the deadline for my tax return? Have I got enough set aside for my tax bill? Wave goodbye to those waves of panic that strike in the middle of the night. An accountant will be there to keep on top of deadline concerns and keep you up to date with the latest and most accurate advice. Whether you're a new business or you're an industry veteran, having the reassurance that an accountant can support you with everything from financial planning to new hires can help you to fully switch off at the end of the working day.
3. Save Money
We're firm believers that an accountant shouldn't be seen as an unnecessary expense. Instead, an accountant can be a positive invent in your business, meaning not only do you save time when you hire an accountant, they're also going to find you the best ways to save money. When your finances are made the most of, that means more money is available to be invested into the business. With the increased business income, you can breathe a sigh of relief knowing you can make those payments with confidence.
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If you would like to chat in more detail about your unique circumstances, please get in touch today to book your FREE initial consultation. Give Catherine a call on 01423 431889 or email catherine@bctaccountants.co.uk.
Please note: all stats are accurate for the 2022/23 tax year.