More and more businesses and self-employed workers are doing their accounts themselves, through tools and programmes such as Quickbooks. However, there are numerous downsides to this method; for example, if you encounter a problem, support options are limited. For this reason, and others, choosing, and working with a traditional accountant may be the best option for many businesses.
This article will discuss five accountancy services you need to help your business win, beginning with bookkeeping and accounts.
- Bookkeeping & accounts
General bookkeeping and account management is the standard service accountants provide. This covers the entire accounting process, logging invoices, income, expenses, and calculating tax and VAT in-time for returns.
A good accountant will provide an efficient bookkeeping service, tailoring your books to your liking. Most providers allow for this to be done on a monthly or quarterly basis, allowing you to monitor progress and revenue throughout the year.
- Cloud accounting
Cloud accounting is fairly new to the accounting world. However, this service allows you and your staff members to manage your books on the go, from any device. This is useful for many obvious reasons, whether you don’t have access to your laptop, or like to keep your accounts updated regularly. Perhaps you can even do these while in line for a cup of coffee?
- Tax returns support
April comes around every year, and with it comes tax returns. Many business owners and self-employed traders stress, working last-minute to submit their taxes. This can be a stressful process, especially if you’ve left it until the last minute.
To help your business win, maximising tax returns, you should hire an accountant to calculate your taxes. Besides, this will free up time and reduce stress, allowing you to resume work as normal while other businesses run rampant to calculate and submit their taxes.
- General tax advice
Alongside tax support, you can contact an accountant for general tax advice. Perhaps you’ve almost submitted your tax returns but want an extra set of eyes to look over your books? This is the perfect opportunity to reach out, ensuring you receive the greatest tax returns for your business possible.
Alongside battling your taxes, the majority of trading businesses also need to submit their value-added taxes (VAT). Once again, this can be a challenging process to get your head around, especially if it’s your first attempt doing so.
Getting your taxes and VAT correct is essential. This allows you to receive the biggest VAT return to your business – adding more funds to your business to invest in new projects, advertisements, and other services.
Are you in need of accountancy services?
Many local accountants will provide a variety of accountancy services to help your business win, including all of those mentioned above in this article. Whether you need help maintaining your books year-round or a simple snippet of advice before submitting your taxes or VAT, you can rest assured you’ll be in a safe hands when looking for a provider such as Daniel Sam – Accountants Bolton.