Source: Home Business | Repost QBScott 2/11/2021 –
Running a small business often means that in order to save money, you need to do a lot of the tasks that come with business ownership by yourself. However, certain tasks are always best left to the professionals, especially accounting. While there are several accounting software tools on the market now that you can take advantage of for doing your own books, it’s always best to have a professional accountant by your side who can ensure that everything is accurate and provide you with solid financial advice for your business.
Hiring an accountant might be an extra expense for your business, but it is definitely an expense that will be well worth it in the long run. The right accountant will be able to give your business the financial support that it needs to ensure success, along with helping you avoid the risk of fines and other problems when submitting tax returns and financial records.
Accounting is something that professionals train for years in order to be able to do successfully. It’s quite a specialized field, and even if you are really good at maths, if you don’t have a solid understanding of how the UK tax system works, you could be setting yourself up for trouble by trying to do your business accounting by yourself. One small error could turn out to be a grave mistake that could cost you a lot of money to fix, so don’t chance it — hire experienced accountants instead like Hodge Bakshi, who are family-run accountants in Cardiff with more than 35 years’ experience. If you want to ensure the job is done correctly, experience is everything; this is why this company comes highly recommended. Try to avoid firms who are relatively new and have no reviews or testimonials to back them up.
Author: Scott Meister, CPA
I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com.
Certifications include: Certified Public Accountant (CPA) | Certified Bookkeeper (CB) | Advanced Certified ProAdvisor for QuickBooks Desktop | Advanced Certified ProAdvisor for QuickBooks Online | Certified ProAdvisor for QuickBooks Enterprise | Certified ProAdvisor for QuickBooks Point Of Sale