Taking the first step into creating a start-up business takes courage. Your business idea is probably something that you have been thinking of doing for some time.
Having the right support around you can make the process of owning a start-up business less daunting and you can continue to make the right decisions for your business with complete confidence. You don’t have to do things alone with a start-up business and an accountant can help you with your business planning.
Learn about how an accountant can help your start-up business succeed and the benefits of utilising start-up business support, so continue reading for more.
Start-Up Business Support
Before you delve into applying for a personal loan or looking to rent a commercial space for your business, you should look into getting some support from the right people.
The right support can immediately help you to increase efficiency, maximise your productivity and reduce outgoing costs which, therefore, will help to maximise your profits
Do I Need an Accountant for My Start-Up Business?
Yes, you will probably need an accountant for your start-up business. If you’re new to the business world, advice and support in all areas including business taxes is essential.
Being a start-up business, it is important to be efficient and cost-effective. Every business wants to make a profit and have minimum overheads.
Hiring a professional accountant can set you up for business success. It also means you don’t have to worry about taxes or other business financial responsibilities, you can concentrate and put all your efforts into your business, leaving the accounts and taxes to the expert.
Accountancy Support for Your Start-Up Business
It is common to assume that all an accountant does for businesses is handle your taxes, but this is not the case. They can actually be extremely useful for training and mentoring, as well as handling business financials and taxes.
A business accountant is so much more than that. They will be with you and be your trusted advisor as well as being there to help you with cash flow, financial statements and your business taxes of course.
An accountant can also help you as your business grows – they will be there to recognise networking opportunities and possible threats if and when they arise.
You will not have to doubt your decisions for your business with a business accountant. Business accountants can help analyse when it is the right time for you to hire someone new, make upgrades on equipment or resources, as well as help make the right decisions and make them with complete confidence. Your start-up business can thrive with an expert accountant by your side.
What Is Involved in Start-Up Support?
Some examples of the exact things you can get support with for your start-up, from a professional involve the following:
- VAT
- PAYE
- Corporation Tax
- HMRC
- Self-Employment
The advice you will receive from your start-up business accountant will be tailored to the needs of the business.
Benefits of Hiring an Accountant for Your Start-Up
An accountant for any business including start-up businesses can have a significant impact on the way your business is run. Read more of the benefits of hiring an accountant for your start-up business down below.
Business Growth
You can experience the growth of your business with an expert to help guide you. They will be able to pinpoint the routes to help you grow your business. Whatever your goals may be, whether you are looking to dominate the local, national or international market, an accountant can help you reach those places.
More Insight
Accountants are experts with numbers and will also be your trusted advisor. You will gain more insight into business and you will always have support when making important decisions.
Protect Your Business Finances
Start-ups can be hard and as a start-up business, you may leave yourself vulnerable without the help of a professional. Trust a business accountant to help protect your finances and ensure you’re not hit with fines for missing tax deadlines.
Bookkeeping Help
An accountant can help your start-up with bookkeeping duties. They will be able to help you keep everything organised, accurate and up-to-date. This will ensure that you are running a business smoothly whilst taking the pressure off of yourself.
Tax Compliance
Tax compliance and keeping on top and up to date with business tax protocols can help you and your business immensely.
An accountant for your start-up business can help bring their experience and knowledge surrounding all taxes to your business.
Take advantage of an accountant’s wisdom on auditing, liabilities and deductions and restructuring when it is your time to grow.
LJS Accounting Services Can Help
LJS Accounting Service has all the answers for your business start-up. Amongst the wide range of services that we offer, expert start-up advice is one of them. We help with all aspects of starting and running a small business.
You can contact us today for more information, or visit our website. This is where you will find all of our contact details and we look forward to hearing from you and helping your start-up business today.
Keli Evans, Director at LJS Accounting Services, excels in taxation and statutory accounts. With a focus on strong client relationships, she leads a diverse portfolio, overseeing vital financial aspects like VAT, payroll, pensions, and taxation with a holistic and committed approach.
