Of course, we all know that an accountant is the person who fills in our annual tax returns, yet a chartered accountant can do many things for a business. Here are just a few examples.
- Company Formation – There are many ways to register a business; a limited company, a partnership or a self-trader, and the accountant can give you valuable advice at the very outset, to ensure that you make the right choices. If you start the business on the wrong footing, this could be a very costly mistake, which is why you should consult with accounting services in Ashford at the start of your business planning.
- Seeking Additional Funding – If you are looking to expand your business, a chartered accountant can help you to obtain extra funding without putting the business at risk, and that might be all you need for a successful expansion. The account can help to prepare a presentation for potential investors, and they might be able to source investors on your behalf.
- Minimise Taxation – Your accountant would know how to minimise your taxation liabilities, and he or she could save you a lot of money in the long-term. Every business should have some expert advice regarding taxation and this is where a chartered accountant is really important. Taxation is extremely complex and only a qualified accountant would have the knowledge that can ensure you pay a minimum amount of tax.
Whether your business is still in the planning stages, or you are already trading, you do need the services of a good local accountant, who you can find with an online search.