Starting up a new business?
When starting a new business, it's important to get your finances organised from the word go. If you don't, you may find yourself forever playing catch up until it's too late.
Choosing the right accountant is a difficult task. There are a lot of different options. You could opt for the reassurance of a large firm, or the more personal touch of an independent practitioner. With the range of different qualifications and accreditations, you'll find yourself spoilt for choice.
If you choose the wrong accountant your start-up will suffer. It might not be apparent immediately, but after time, you'll be able to see your business isn't doing as well as it could be.
Not sure where to start setting up your business?
MoynanSmith Chartered Accountants and Tax Advisers in Carlisle are the experts
Get in touch today to arrange a FREE 60-minute health check. Give us a call on 01228 586790 or click the button below to book one now.
How to choose the right accountant
There are a lot of different options. You could opt for the reassurance of a large firm, or the more personal touch of an independent practitioner. With the range of different qualifications and accreditations, you'll find yourself spoilt for choice.
If you choose the wrong accountant your start-up will suffer. It might not be apparent immediately, but after time, you'll be able to see your business isn't doing as well as it could be.
Some accountants will do the bare minimum. They'll prepare and file your annual accounts and your tax return, but do very little or nothing in between. This is especially detrimental to a new business. When a business is in its early stages is when it needs the most guidance. By opting for an accountant that does more than simply what is required of them, you'll put your business in good stead for years to come.
Without the help of a good accountant, you'll be left to your own devices to deal with a range of complex matters. For instance, how does taking care of your own payroll and VAT sound? Daunting?
If you elect to carry out these tasks yourself, it's more likely that you'll make mistakes. As a business owner your time will be predominantly spent running your business. How likely is it you'll manage to learn enough about accounting legislation to get by? If you opt to save money by doing your accounts yourself, you may actually end up paying more in fines for not correctly following procedures.
Imagine all this when your business is just starting out, it doesn't exactly paint a bright picture of its future.
But help is at hand:
If you enlist the services of MoynanSmith Chartered Accountants and Tax Advisers based in Carlisle, you can rest assured your business will hit the ground running. The most important thing we'll give you is time. You'll no longer have to worry about your business accounts, so you can focus on growth.
If you choose us, we'll do the following:
- Provide you with the best accounting software and show you how to use it
- Reduce your tax liability
- Advise you on the best business structure for you
- Create cash flow projections so you can plan for the future
- Take care of your payroll
- Help you gain investment through SEIS/EIS
Why wait until you've made mistakes? Avoid them completely and choose MoynanSmith from the start. Want to see how we can help you for yourself? Book a FREE 60-minute meeting today. Give us a call on 01228 586790 to book now.
