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FAQ’s
FAQ’s
| Do I need an accountant? |
| As long as you are required to submit accounts to Companies House then yes you need an accountant. Here are some of the ways an accountant can help you:- To advise on and set up the most appropriate structure for your business To advise and set up your business records and accounting systems, for example, stock systems, accounting software, etc. To ensure you pay the correct amount of tax to the correct department at the right time To advise you which expenses are deductible in your business and how to keep your personal expenditure separate from your business expenses To help you determine the best way to finance a transaction, for example, should I lease or buy a particular asset To assist you in understanding your year end financial statements To put you in touch with finance providers such as banks To advise you as to the most tax efficient way to withdraw money from your business |