As we move closer to the new Government initiative of ‘Making Tax Digital, we felt it was important to explain the benefits of having an accountant.

Many people that operate as sole traders or work freelance are comfortable submitting their own self-assessment tax returns. However, for many Sole Traders and Limited Companies, it is critical to have an accountant, not only for the once a year tax return but for ongoing advice and support.

How can an accountant help your business?

Here are a few reasons why we think we add a lot of value to our clients and there may be some points here that you can take to your own accountant if you are not already receiving this support.

1. We can support you through the Making Tax Digital changes and ensure that you have record-keeping systems which are compliant with the HMRC software.
2. For VAT registered businesses that have a turnover above the VAT threshold, we can make sure that you understand your obligations ready for the April 2019 deadline.
3. By keeping up to date on current legislation we can advise on the best mitigation strategies for both personal and corporate tax.
4. Employing people is a mind field and is even more complicated with auto-enrolment. Our payroll experts can make sure that you comply with all HMRC regulations.
5. We can analyse your accounts to help you understand your business, its position and performance, identifying weaknesses that may hinder your progress.

There are many more advantages of working with an accountant and in addition, the cost of using an accountant is tax-deductible, so that’s another bonus.

If you want to find out more about how we can help you whether you are an individual, business, landlord, GP or Dentist contact us by calling 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..