When we talk about money and business we often refer to the particular profession – an accountant. When we think about what the accountant does in the service, many respond simply – works with numbers. This is true but does not completely reveal the essence of the profession. People engaged in posts related to accounting are able to perform various actions that pursue different goals. So here is a list of the things an accountant can do for a business owner.
Management of your business accounting
All of the financial operations within the certain business are run by an accountant: he determinates the cost of goods and services of the organization, charges payments to the state budget and implement them, calculates mandatory contributions to extra-budgetary funds, advances payments, salaries, bonuses to employees – so he does control over the main financial funds. But the most necessary thing an accountant should be able to do – is to minimize the company’s compulsory expenses.
Tax payments control
A good accountant will help to maintain the financial health of your business, which includes the minimization of tax payments. This person will always look for a way to decrease the expenses of the company also by monitoring attentively and the proper management of the company’s tax bills.
Raise the finance
A high-quality accountant will not only manage the financial part of your business and minimize the tax accounts, but it will also help you to improve the company’s financial position. These people aren’t there simply to manage your money. They can also guide you in the right direction for additional finance without putting your business at risk. Moreover, accountants always give valuable pieces of advice about profitable investments and business operations.
Taking everything into account we can confidently affirm that hiring a good accountant can add real value to your business. You can opt to hire an accountant for all of your financial activity, or you can:
- choose a combined approach that limits his or her hands-on activity, reducing the expense;
- choose a stage when you need to enlist the help of a professional: from the start-up phase to the final one in order to be sure that everything works well.
If you are looking for accountants in south-east London, you have probably heard about Britannia Accountancy Services Ltd (shortly BAS) which offers some of the most reliable services of the most experienced and qualified accountants. BAS is an accountancy practice based in London that is known for 56 years of combined experience and a plenty of happy clients. South London accountancy specialists offer their customers a variety of services, including accounts preparation, limited company formation, taxation, VAT and payroll services and bookkeeping. What is more, here you can hire a specialist for any business sphere: from small business accountants to finance expert in a large enterprise in London.
Thanks to the vast experience, Britannia Accountancy Services Ltd can give businesses exactly the help they need in order to not only stay afloat but reach new heights. As it is known: a big result requires a lot of work, so Britannia Accountancy Services Ltd works really well.