Time and time again, business owners make the mistake of believing that running your own business means running a business alone. While you may be keen to take the reigns and handle most matters on your own - it's important that you do not overestimate your abilities, knowledge and skills. For example, you may know everything there is to know about the products you are selling - but nothing about finances.
Unfortunately, your companies are not something you can ‘wing’ - especially if you want your company to stick around. In most cases, handing over your companies finances is not only the easiest thing to do but also the most logical. After all, an accountant will be able to support you every step of the way as you grow your business - whether you’re trying to streamline your income or improve cash flow.
That being said, there are certain factors you must consider when hiring an account - especially as there are many scams out there with disingenuous strangers posing as qualified accounts. When hiring an accountant, you should consider the following factors:
Reputation. Are they trustworthy? What projects have they worked on previously? How did you hear about their services? Can you speak to previous customers? Do they have a strong online presence?
Experience. What qualifications do they have? What clients have they supported previously? How long have they worked in the industry? Do they have any accreditation?
Being able to answer these questions should put any worries you have to bed, ensuring that you’ve found the right accountant to support you and your business. If you’re looking for Accountings, Easingwold or the surrounding areas - then you cannot go wrong when hiring David Adamson. Widely considered to be one of the best (and most experienced) accountants in the region - David can support clients as they navigate their way through the complicated financial world.
With 60 years of taxation experience and 40-years of experience as a self-employed accountant, there’s no problem too big or too small for David to manage. Not only is he on hand to support you through the completion of routine financial duties, such as self-assessment and tax return forms, David is also able to apply his insight and knowledge to support companies that may be on the brink of collapse due to financial mismanagement.
David’s long career means that he has also supported clients across a range of different industries - from tech to retail - meaning that he is able to apply industry-specific knowledge to each project he undertakes. For example, he will be able to identify any tax rebates that your company is eligible for - ensuring that you are not overpaying come tax season.
In short, there are many benefits associated with hiring an accountant - but above all, they give you great peace of mind. No longer do you have to sit behind your desk looking at spreadsheets or wishing you’d paid more attention in GCSE Maths - as you’ll have someone on your side to do the hard work on your behalf.