New Year, New Accountant


Every year when the clock strikes 12 on 1st January, people start making resolutions on everything from fitness to spending. If you’re a business owner, yours might involve getting your accounts in order and for good reason, the new year is an ideal opportunity for a fresh start when it comes to your business’ finances.

We know better than anyone how daunting managing your accounts can be though. That’s where we come in. If you’ve been considering handing them over to the professionals as part of our New Year’s resolution but haven’t quite made your decision, here are some of the reasons you should.

1. Peace of mind
As we said, managing your accounts can be daunting but it can also be extremely confusing to the average business owner who doesn’t have the correct expertise. Sure, you might be able to read up on the basics and have a go yourself but how are you to know if you’re doing things right? Relying on a professional accountant gives you that piece of mind which brings us nicely onto our next point.

2. You won’t get the taxman knocking at your door
If you make a few mistakes when it comes to your accounts, you might be able to salvage them but those same few mistakes might just have disastrous consequences for you and your business when it comes to things like calculating your taxes. You’ll soon be wishing you left it to someone who knew what they were doing once the taxman comes knocking.

3. Time is money
On a more light-hearted but just as important note, managing your accounts is time consuming. If you’re a small business in particular this is going to take up valuable time you need to be putting into other parts of the business. Saving money by doing them yourself might seem like a smart move but it’s false economy in reality once it’s taking up valuable time you could be using to earn more money.

4. Expert knowledge at the end of a phone
If you are unsure about anything, how any accounting process work or how you can better organise your finances, another benefit of hiring an accountant this year is an expert with all the knowledge is just a phone call away – a nice privilege to have when it comes to something as important as your business accounts. It’s ideal for anyone who might be nervous about handing over the responsibility too, as you can keep up to date any progress your accountant is making.

If you’re still unsure about whether or not a chartered accountant is right for your company, get in touch with one of the team at Aston Black Accountants who’ll be happy to help.