It’s likely that most business owners think of tax when they hear the word ‘accountants’. In reality, there is much more an accountant can do for your business. A great accountant should be on hand to help your business grow and succeed. From assisting you with starting up your business, to aiding you with VAT once you are up and running, accountants form a vital part of any business.
This is especialy true if you are a start-up business. If you are looking for accountants in Warrington and Chesire, you should check that they offer all these services.
New business advice
Going into business is a big decision. You’ll find you want all the help you can get, and good accountants should be able and willing to offer you as much assistance as they can. They can talk you through your options, such as how you want to operate – sole trader, partnership, or limited company. Accountants can advise you on the financial side of starting a business and help you better understand your personal circumstances.
Company formation
If you want to be a Limited Company, you will need to follow certain processes. Forming a company over the internet may be quick and cost little, but all you are paying for is the registering of your company name. Accountants are able to give you valuable advice and guidance on your rights as a director or shareholder, as well as your obligations.
Payroll
If you have employees, payroll is going to be a very important and time consuming task. Simply keeping up with the rapidly changing regulations can be enough of a hassle, and having to set aside perhaps a whole day just to sort out your payroll can be a real inconvenience. Accountants can take this complex task off of your hands, getting it done quickly, efficiently, and fully compliant with all relevant regulations.
VAT
VAT can be simple, or it can be very complicated. Just knowing whether VAT applies to you, whether or not you are exempt, or what obligations and restrictions your company may fall under can be a real headache. It’s always worth having an accountant on board to advise you on how VAT actually affects your company. They will be able to talk you through the regulations and explain how certain things, such as ‘flat rate’ and ‘cash accounting’ affect your business.
Auditing
If your company is above a certain size, then the law requires you to have your accounts audited by external auditors. Only authorised firms can act as auditors. Auditors are regularly reviewed by independent bodies, to ensure that they are acting professionally and complying with regulations.
Accountants For Start-ups in Warrington and Cheshire
We know what a great accountant should provide for your business, because it’s what we offer. We offer a full range of professional services for businesses in Warrington, Cheshire, Merseyside and Manchester; so contact WatkinsonBlack today for more information on the accounting services that we can provide for your business.