Why on earth do I need an Accountant?
Unless you know how to do your own bookkeeping, are familiar with all relevant tax legislation and are prepared to stay up late to keep up to date to avoid being fined or taxed too much and are absolutely confident that you are managing your business affairs brilliantly, you don’t actually need an accountant.
If not, then you do need one. Some people say that they save lots of money due to the fact that they do their own bookkeeping and prefer it that way, but if you’re not able to bring it to balance sheet level and you’re trying to do your own taxes, there is a fair chance that you will end up making an error. Good accountants see people paying huge fines because their ‘books’ were not order even though the client believed they were.
It’s too easy for me to say you need an accountant, let’s rather say you’d benefit from having a good one. Firstly, you’d be able to stick to your own field of expertise while your accountant takes the entire “books’ and ‘tax’ burden away from you.
Secondly, and most importantly, a good accountant will save you money in the end and make sure that all your financial affairs are being taken care of.
Don’t underestimate the knowledge they have on general business issues either. A strong accountant can be a good ally to have in a very competitive market and could just make that little bit of a difference to land that big contract.
On the money saving side of things an accountant could help make your administrative affairs run more smoothly and efficiently by assisting and advising on the implementation of internal systems and cost cutting as well as reviewing your business plan with you and suggesting relevant changes that suit the current market.
It’s true that accountants require payment for their services but, considering what you gain in return, it’s a service worth paying for and technically, a good accountant should you save you enough money to pay for their own service! Think of your accountant as you very own piggy bank with the benefits being long terms savings and you’ll end up getting a lot more out of the relationship.
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Anco van Velsen
Jane van Velsen - The Right Writer
