The last two years have seen a growing number of people here in the United Kingdom striking out on their own to build businesses. Working for yourself and constructing a company from the ground up can be an exceptionally rewarding pursuit, but it does come with its own challenges.

New business owners will find that their sapling start-up often requires them and their small team to double-up in the roles they perform. While this can reduce operational costs, it can be counter-productive compared to employing an expert.

In the following sections, we’ll explore three key reasons why a business accountant can be an asset to firms just starting up.

Accessing expertise

When it comes to accounting tasks, an unskilled staff member will take longer to complete work and is likely to be less accurate than a professional. This can be an inefficient way of working that can lead to mistakes. A qualified accountant can make sure that every-day bookkeeping is up-to-date, and that tax requirements are fulfilled on time, avoiding fines.

Cost-effective services

While the temptation to hire a full-time accountant is one faced by many firms, this can be an expensive and often unnecessary process. Today, certified accountants can command sizeable salaries, not to mention the tax, holiday pay and health benefit considerations. Fortunately, employing an accountancy service is a far more affordable option that allows companies to enlist the help of qualified professionals for a set number of hours.

A clearer view of your company finances

It’s understood that as a business owner, you will want to have your finger on the pulse of your company and be closely involved with the money coming in and out of your business. With an expert accountancy service, you’ll receive regular reports in an easily digestible format, providing an excellent overview of your firm’s financial health.

Professional accountancy services can be contacted when you need questions answered quickly, providing peace of mind. With this important role performed by a professional, you can stay informed while focusing on other parts of your business that are your speciality, whether this involves business networking or improving marketing and sales.

Does your start-up company need a business accountant in South Yorkshire?

If your fledgling firm trading from South Yorkshire is looking for expert accountancy services in the local area, we can help. With experience of advising and assisting new enterprises to hit the ground running and continue to flourish, Adaptive Accountancy, as the name suggests, offers a service tailored to individual clients.

As a result, your business will get the specialist help it needs, delivered in a format that best suits the way it operates. Additionally, you’ll never pay for any services you don’t require. We also operate outside of regular office hours, so any time you need a professional opinion, you can access it.

Whether you would like to start your new business with accurate accounting from its inception or need help managing this important process as you expand, get in touch today to discuss how we can help.