How can accountants save you money?

But would you believe that with the support of the right tax accountant, they can actually help you to save money, expand your business and more importantly save you the time of managing your personal finances?

It’s true, and we can prove it.

Time management

A lot of employers will tell you that one of the most frustrating things about running a business is making sure important documents are submitted to the HMRC on time. From PAYE, to your P45 to Self Assessments… your business can lose days of your time as your attention is fixed elsewhere.

But it doesn’t have to be this way…

Accountants can take the strain away of having to meet HMRC deadlines and submit all forms regarding your taxes, finances and employee pay on your behalf. What’s more, they can ensure that you avoid heavy fines incurred from late submissions and make sure all your documentation is filled in correctly.

Managing your finances

A good tax accountant will work with you to minimise your incidence of tax and lower your annual tax bill. And this can prove very handy when dealing with capital gains, inheritance tax and asset sales. This can help to limit your tax liabilities and help you to maximise your annual returns.

And this is not all they can do…

Most chartered accountants also offer advice on the following:

• Tax and remuneration planning, including capital gains and Inheritance tax
• Tax arrangements
• Employee benefits – car/fuel allowance, PAYE, income tax etc
• Extraction of profits
• Buying and selling businesses, properties and assets, including buyer searches
• Formation of partnerships and limited companies
• Mitigation of inheritance, corporation and income tax
• Raising finance from banks and equity

Expanding your Business

Saving your business money isn’t only about the money that is left in your pocket. Investing wisely whilst expanding your business can also help to save you money.

And accountants can help you to do this also.

In fact, accountants can be a great source for advice on the best ways to grow your business. From funding to land acquisitions, accountants can help you to assess your financial situation, negotiate the best purchase deals and implement a structured plan of action.

And this advice isn’t something you should ignore, as their in-depth industry knowledge can help you to develop business strategies which could be the difference between your expansion success or you going out of business.

Choosing an accountant

As you can see, an accountant can do more than your audits, tax forms and finance arrangements. With their support they can effectively help you to save money this year and for many more to come.

So if you are interested in offering your business the reassurance of quality taxation advice, why not hire a tax accountant and begin saving money?