Setting up a business is hard and can be a lonely place even if you have employees around you they will look to you for guidance and expect you to know the answers which you may not always have.
All kinds of support exists for small businesses, self-employed and freelancers it’s just finding them and knowing where to look. Whether that’s planning a strategy to move your business forward or just fire fighting and dealing with the day to day ever mounting paperwork, help is at hand and a lot of it at very little cost.
One area that cannot be ignored and left behind are your company’s finances, these are crucial and not just to give you a clear and concise picture of how your business is doing but filing VAT Returns, especially now Making Tax Digital is an HMRC requirement for the all vat registered companies. This along with your year end accounts filing, also, if you are looking for investment then the first thing any investor will ask for is a copy of your accounts. So it’s important that your company’s financial picture is reflected accurately and as up todate as possible.
Outsourcing your accounting requirements
Outsourcing your bookkeeping is becoming increasing popular for SME’s and finding a company that can do this for you at a competitive rate has kept demand for this at an affordable price.
With the ever growing cloud accounting systems out there negating the need to have a company close by as you can email, scan and even phone app receipts over. This saves so much valuable time and effort.
All reports can be viewed online, electronic submissions via your cloud accounting system are now viewed as a necessity and no longer a nice to have facility.
Being able to outsource your accounting needs to a reputable firm gives you not only the peace of mind that your accounts are in safe hands but also frees up valuable time and flexibility to concentrate on the important task of running your business!