Many small businesses quite rightly think they do not need to use an accountant, however anyone who has tried to complete online end of year accounts and tax returns will understand they are time consuming and at times infuriating. Many business owners might see using accountants as an unnecessary expenditure. But is this really the case?
As a business owner you have to be good at juggling, you have to be able to manage your own time, your employees, day to day book keeping, inventory, customers and marketing to name a few. On top of this can you keep on top of deadlines for submitting your accounts? Is this the best use of your time or would the time be spent better developing and managing your business?
An experienced accountant can help you organise a simple system for managing your day to do accounts, and will submit all of the appropriate forms to the correct authorities.
You may have been completing your own returns for a number of years and be 100% confident in how to complete them correctly, how could your business benefit from using an accountant?
There are many ways of legally minimising your tax bill; a good accountant will review your expenditure and ensure you take advantage of all the allowances and expenses applicable to your business.
Tax laws are constantly changing – as a business owner it is very challenging to keep on top of the day to day management of your company. Using an accountant will save you time and will save you money. They are two of the most precious commodities business owners have.
OBT has three divisions allowing us to tailor our services to your business needs. This means we can manage the paperwork for your accounts, we can advise on how you can grow your business, and guide you to make the correct managerial and financial decisions as your business grows.
As we are not emotionally attached to your business in the way you are, we can easily look at ideas objectively and advise you on what is in your best interests. If you are looking for accountants who offer more than just accounting and tax and help your business get ahead contact OBT.