The Importance of Having an Accountant

Admin — Thu, 29 Apr 2010 14:15:05 +0000

Many people believe that having an accountant is unnecessary and expensive. However, good accountants can usually save you more than their fees (usually a lot more), and they can also make you money by identifying new opportunities for you business.

How can they save you money?

Tax

Accountants who also provide tax services can actually look into your records and claim for expenses that you wouldn’t normally think of claiming for.

There are also certain rules in which you can look into previous years accounts and write off losses from the current year, and with the recession there is a possibility of this happening for a number of businesses.

Also, have you thought about what you are going to do with your assets if you die. Your family could be left with a huge tax burden. Whereas if you have tax advice from a reputable accountant on this matter, you can save thousands of pounds with the correct planning.

Business Advice and Acquisition

A reputable accountant will not only be able to give you a high level of business advice but they will also be aware of any business in your industry that are looking to sell. This is a great way for you to grow your business – as you will be able to acquire new customers, and in some cases new equipment and capacity.

Finding Preston Accountants

Admin — Thu, 29 Apr 2010 13:44:36 +0000

Finding Preston Accountants can be difficult at the best of times. There are a number of places you can find them, and also find out more information before you sign up as a client.

Online:

You can go to google and type in terms such as ‘Preston Accountants‘ or ‘Accountant Preston’ and you will be given a number of websites for which you can research and obtain contact details of accountants in the Preston area.

Yellow Pages:

Pick up a copy of the Yellow Pages and look in the accountants section. If you are a medium to large company, a good tip is to look for the accountants who have the larger adverts, as these are usually a more sizeable firm and will have more services that you can take advantage of – such as financial planning and business advice. If you are a small company, you can use the smaller accountants and will get a more personal service.

Referral:

If you have a friend who run’s a business then you can speak to them and find out who they use as their accountants. You can also find out what the service is like before you make a decision on whether you want to contact them. If none of your friends own a business, then it is always easy to strike up conversations with business owners – next time you are in the local shop, just enquire as to who they use, or ask for a recommendation.