The biggest financial mistake Business Owners Make
The biggest financial mistake most business owners make is DIY accounting, trying to do as much as they can save a few bob.
However, when it comes to your finances, this is can be a big mistake. You can get better accounts in far less time, along with valuable advice to take your business to the next level.
𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 𝗦𝗮𝘃𝗲 𝗬𝗼𝘂 𝗧𝗶𝗺𝗲
The most obvious benefit of hiring an accountant is the time you will save. When you’re trying to do everything yourself, it’s easy to let your finances fall by the wayside. You need someone to take care of all of your financial needs, so you focus on running your business.
𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 𝗦𝗮𝘃𝗲 𝗬𝗼𝘂 𝗠𝗼𝗻𝗲𝘆
Another common misconception is that accountants are expensive. While it’s true that you will have to pay them, the truth is they can actually save you money. They help you plan how to take advantage of tax breaks, deductions & grants you’re entitled to, & ensure that you’re not overpaying on your taxes. A quality accountant will more than pay for themselves.
𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 𝗠𝗮𝗸𝗲 𝗬𝗼𝘂 𝗠𝗼𝗻𝗲𝘆
Accountants can help you to build a more successful & profitable business. They are up to date on the latest changes in tax law, financial regulations, how to structure your business in the most advantageous way & the latest time saving software. They help you to craft a budgets & forecasts, so you can see the way ahead which helps you make informed decisions about where to invest your money. They identify areas you can improve & help you see which products, services & activities are most profitable, so that you can focus on those.
𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 𝗦𝗮𝘃𝗲 𝗬𝗼𝘂 𝗦𝘁𝗿𝗲𝘀𝘀
Hiring an accountant will save you many headaches. Trying to keep on top of your finances can be overwhelming & it’s easy to make mistakes when you’re doing it yourself. Somone taking care of all of the details for you, leaves you free to focus on what’s important in your life. When you know that your accounts & finances are in expert hands, you enjoy peace of mind, focus on building your business & your loved ones at weekends.
𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂 𝗦𝗲𝗰𝘂𝗿𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴
If you’re looking to secure financing for your business, an accountant can be a valuable asset. You can help you put together a strong business plan & financial forecast that will give lenders the confidence to invest in you. You also get help you to understand & manage your debt, so that you can make smart decisions about how to grow your business.
𝗙𝗶𝗻𝗮𝗹 𝗧𝗵𝗼𝘂𝗴𝗵𝘁𝘀
A good accountant is a must for your business, every big business has one on their Board of Directors. If you’re still doing your accounts yourself, why not spend your time doing what you’re good at & enjoy, take your business to the next level instead of holding it back.
Take your business to the next level, PM or email me on Josef@MrBlueski.co.uk
