Given that money can often be tight for those running small businesses or operating as a freelancer, it can be tempting to try to handle your accounts yourself. Accountants’ rates vary though, and there are real benefits if you can find one that is within your budget.

Reduced workload

Most people running micro businesses or working as freelancers find that staying on top of existing work and securing new clients takes up most of their time – leaving little for staying on top of the accounts. Hiring a qualified small business accountant in South Yorkshire, or wherever you are based, will mean you have the services of someone who knows all about complex issues like tax law, freeing you from this burden.

Money saved

Any business accountant worth their salt will be able to advise you on how to run your business in ways that maximise tax efficiency. These can include how to remove cash from the business for tax reasons, and whether it will work out better for you to operate as a limited company or as self-employed. At Adaptive Accountancy, we have almost a decade of experience in helping freelancers and small businesses to reduce their tax liabilities in this way.

Business growth

Good accountants can also provide valuable advice and strategies on how to grow your company. You will likely work with the same accountant from the very start, enabling them to learn about your company, understand what you want to achieve with it and become invested in helping you to get there.