Deciding Which Accounting Services You Need

Fortuous • Nov 15, 2017

The human brain is a magnificent organ, capable of storing an estimated 2.5 petabytes. Petabytes are bigger than gigabytes.

Yet, no person can remember everything–especially when it comes to tax laws and how to accurately report and file–which is why companies and private citizens alike seek out the help of an accountant.

When many people think of accountants, they think of taxes, but the truth is that many firms offer a variety of accounting services in addition to tax preparation. Some of these services include:

  • Business Planning
  • Payroll Services
  • Legal Services
  • Financial Services

These additional services can save a company a lot of money by combining offerings that would otherwise have to be covered by a payroll department, a legal department, and more.

Ready to dive in and see which of these services you might need?

Accounting Services for New Businesses

Starting a new business is exciting. Your product or service can make a positive impact on the lives of many, as long as your business succeeds.

There’s the rub–getting a new business launched so that it will perform. With business planning services, you can hit the ground running knowing that no stone’s been left unturned.

Just because you’re running the show doesn’t mean you can’t make good use of some friendly, helpful advice.

If you’re looking to start a new business, this might be an extra service you seek from your new accountant.

Who doesn’t love payday?

Whether your business is growing too large to manage payroll in-house, or your business is new, payroll services from your accountant might be able to take the burden of managing payday off your shoulders.

In the UK, there were 31.85 million employees in the first quarter of 2017.

Payroll regulations can be complex, with high penalties for not meeting them. Payroll services offered by the right accountant can save your company time and money.

Save on Legal Services

There are some combinations that make sense. Legal services and accounting services create one such combination.

Sometimes you need a contract or agreement drawn up for new employees, shareholders, and other business partners.

Solicitors’ services can be prohibitively expensive, especially for newer or smaller businesses.

An accounting firm that offers legal services through partner agreements can not only save you money but provide you the legal assistance you need from within an already trusted relationship.

Financial Services

When you’re running a business, you have to make countless decisions that could affect the financial health of your business.

Some accounting firms offer everything from financial advice to helping you secure a mortgage. If you don’t want to go it alone, look for a firm that offers financial services as a benefit to clients.

These are just a number of extra accounting services you might find available. Others might include providing you or your business with:

  • Banking Services
  • References
  • HMRC Authorized Agents
  • Secretary Services
  • Business Visas

When searching for the right accountant, so much of your decision will be spent on finding the right services to meet your unique needs. To learn more about accounting services, contact us.

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