How Small Businesses Can Benefit from Third-Party Accounting Services

If you’re a small business who currently handles all of your own financials, you may be wondering why you should invest money into the services of a dedicated, third-party accounting firm like ours. There can be no underestimating the knowledge and experience that a reliable and professional accountant can bring to your business and what a difference it can make. There are so many benefits of using an accounting practice to handle your taxation and accounting, so let’s take a look at them.

Make the Most of Your Time and Ensure You Always Meet Deadlines

The main and most important reason why we believe it’s important to use a third-party accounting service is because it saves you time. This time could be far better spent on the things you’re best at and are most important for moving your business forward and helping it to grow and improve. Outsourcing your accounting work allows you focus on the things that make your business money, while your dedicated accountants work on the numbers in the background. This means you don’t have to spend time crunching numbers and creating spreadsheets, but can remain safe in the knowledge it’s all being done for you in the background.

Another benefit of a third-party accounting company like ours is that we’re constantly up to speed on all of the legislation and compliance that’s out there. There are frequent changes to tax deadlines, limits and general compliance issues and it’s a lot for one person to keep on top of whilst trying to run a business. Using an accountant guarantees that with your help deadlines will be met, your business will be compliant, and everything will be kept legal and above board no matter how many legislation changes there are. It means you won’t need to worry about your tax return and suffer that panicking feeling in January as the deadline draws closer and you know you cannot put off tackling it much longer. It’ll all be handled for you with minimal fuss and hassle by a qualified team.

​It May Save You Money

Still think you can’t afford to invest in a third-party accountant? Well, a good accountant will be able to bring any areas where you could be saving money to your attention and could well cover their own costs in doing so. They’ll be able to let you know if you’re not claiming for expenses or other items you’re entitled to and could help you cut your tax bill and save you money in the long run.

If you’d like to learn more about the benefits of having an accountancy practice working alongside your business, why not give our team a call today? At David Shores & Co, our friendly accountants will be delighted to provide you with more details on how we could help your business and create a tailor-made package for your requirements. Call us now on 01425 621 100.