An accountant is much more than someone who just submits your tax return. Accountants can also be business advisers, tax planners, bookkeeping support, and payroll preparers. At Cutts & Co Accountancy, we strive to provide comprehensive services that go beyond the basics to help your business thrive.
Is My Business Big Enough to Need an Accountant?
Regardless of the size of your business, you may still face challenges that an accountant can help you navigate. If you’re just starting up and require advice about business structure and funding your growth, let your accountant know. Choosing the right structure for your business is crucial and a professional accountant can discuss your individual requirements, undertaking a review to ensure you choose the best path forward.
If your business expands and you start to employ people, even if this is just you as the sole director, handling payroll can be daunting. Meeting your legal obligations as an employer can be confusing and time-consuming. An accountancy practice with a dedicated payroll team can help complete all payroll tasks, ensuring compliance and saving you time.
Do I Only Have to Worry About Accounting When It’s Time to Pay Tax?
Accountants aren’t just for tax season; we can work with you and your business all year round. At Cutts & Co Accountancy, we offer an extensive range of services in the finance world. From daily bookkeeping to tax planning and tax-saving opportunities, we’ve got your back. Your accountant can help you navigate the maze of tax laws and business regulations, keeping your books tidy and ensuring you’re tax-compliant.
Building a good relationship with your accountant is key to getting the most out of the services we provide. Working closely with an accountant will build a trusted relationship where your accountant can work as a business adviser throughout the year, not just during tax season.
Why Do I Need Help from an Expert?
With a myriad of tax legislation in the UK, it can be hard for a business owner to manage this alongside running a successful business. Accountants know the legislation so you don’t have to. We can save you stress, time, and money, and provide peace of mind that your accounts, tax returns, and any other forms are correct.
By helping you identify allowable expenses and tax reliefs, accountants ensure your tax liabilities are accurate. While being experts in tax and accounting, we can explain complex topics in an easy-to-understand way.
Accountants also keep on top of changes in the tax landscape, ensuring your business complies with new requirements, such as Making Tax Digital.
With All the Software Now Available, Why Can’t I Do It All Myself?
Digital technology is fantastic, but the information is only as good as the user. Software solutions can’t guide you on what expenses you can claim on your tax return, but an accountant can. At Cutts & Co Accountancy, we are highly experienced in using digital technology. We can train and assist you in using these tools effectively, combining technology with our professional advice.
Aren’t Accountants Expensive for the Services They Provide?
Your accountant can be as involved in your business as you require. Our services can be tailored to your needs. Using an accountant does not have to be expensive; fees are based on your needs and requirements. The services we provide can save you precious time, allowing you to focus on running your business. Using an accountant is a sensible investment that gives you the best opportunity to thrive, grow, and succeed. Spending on expert advice can save you in the long run by avoiding costly mistakes and helping you manage your business’s finances smartly.
Why, What, and When
Accountants aren’t just about looking after the numbers. We can guide you through tax headaches, handle complex paperwork, and even help plot out your business’s financial future. At Cutts & Co Accountancy, we offer a wide range of services including:
Business Services:
- Corporation Tax and Tax Planning
- Accounts
- Bookkeeping and VAT Returns
- Payroll
Personal Services:
- Self Assessment Tax Returns
- Capital Gains Tax
- Tax Planning
- Inheritance Tax
How Cutts & Co Accountancy Can Help
If you’re starting out, scaling up, or finding the tax landscape a bit too tricky to navigate on your own, it’s probably time to bring in a professional. An accountant can save you time and stress, leaving you free to focus on what you do best – running your business.
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer circumstances do vary, and if you feel that the information provided is beneficial, it is important to contact us before implementation. If you take or do not take action as a result of reading this article before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
