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Do I need an Accountant if I am self-employed?

May 1, 2018

 

You may be wondering whether you actually need a Bookkeeper or an Accountant if you are Self-Employed.  The short answer is NO, if you are not running a limited company you may chose to handle your own taxes. 

 

However, just because you are not required to do so doesn't mean that you shouldn't.  Ashored feels that there are plenty of good reasons why you should hire a Bookkeeper or Accountant.  In particular, a qualified bookkeeper or accountant can help and support you by:

 

1.  Saving you time and money 

A qualified bookkeeper or accountant will be able to point out tax saving opportunities for you and your business.  Furthermore they should be aware of regulations and requirements affecting your business. 

 

This can save you both time and money by reducing your tax and preventing you from incurring fees or fines due to regulations or requirements that you may be unaware of.

 

2.   Allowing you to focus on running your business 

Ashored understands that your drive to create a business was due to your passion for that business.  With all small businesses there can be an overwhelming amount administrative responsibilities.  This reduces the amount of time that you have to run your business and therefore reduces your profits.

 

By hiring a bookkeeper or an accountant it reduces the administrative burden and allows you to focus on what you are good at - running your business!  

 

3.  Helping to develop and expand your business

Ashored believes that a good bookkeeper or accountant should work closely with you to understand both your personal and business objectives.  By achieving this they can help you to achieve your goals by providing you with 'real time' information on how your business is performing.  This enables you to make business decisions based on current information and react accordingly.  

 

Ashored Bookkeeping and Accountancy are well placed to support you and your business in achieving it goals.  For further information and advice on the services that Ashored offers please get in touch.  

 

 

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© by Becca Scouse