Business Blog

When cash is scarce, which services do you buy in and which do you go DIY?

Its tempting to try and be all things to all men – but how much time does this leave you to grow and develop your business? and are you playing to your strengths?

Before you discount the requirement to employ an Accountant, ask yourself a few simple questions:

- Do you know what you don’t know?

An Accountant will ensure you are well informed of all deadlines ensuring you do not incur any costly fines or penalties

An Accountant will ensure you have claimed all the expenses which are valid (including enhanced claims for the likes of Research and Development credits where applicable)

An Accountant will ensure you have used all your allowances to their full potential

An Accountant will ensure you have followed all the complicated tax rules to avoid the risk of error

An Accountant will provide your accounts in the formats required to meet your legal and regulatory requirements

- Is your Company structured correctly?

Having the correct company structure can have a huge impact on your tax exposure

- Are you on the correct VAT scheme for your Business?

The options for VAT schemes are wide and varied and can make a big difference to both the complexity of your filing and the cost of your VAT bill

- What is the value you put on your own time?

Whilst you are doing the work yourself rather than buying in the services of an Accountant, you are not focusing on the development of your business.

For a no obligation informal discussion about how an Accountant in Leeds can add value to your Business just call 0845 680 2502