You might think that a start-up or small business isn’t big enough to warrant an accountant, but unless you’re an accountant yourself this simply isn’t the case. An accountant provides your business with a great deal of essential support.
Why do I need an accountant?
If you are just starting a business, your accountant isn’t just an expert in tax and finance but will take the form of another business adviser. They will be able to give advice on your business plan and the tax issues and options of registering a new business.
You can also seek help with budgeting and forecasting cashflow from an accountant as well as credit control and just general financial advice. They can offer you up-to-date information on any general or legal enquiries.
As the business grows
An accountant isn’t just there to help you manage your money. Whether you are starting up or a growing business, they can advise you on the best way to arrange additional finance without putting your business at risk.
Once you have financial stability there needs to be some control to ensure growth of your business is handled in the right way. Our experienced accountant will help and support you with many of your ongoing concerns; for example adequate working capital, good stock control and invoicing.
Limited Companies have a statutory requirement to submit annual accounts to the HM Revenue and Customs, and Companies House. For sole traders and partnerships annual accounts greatly assist discussions with the banks and HM Revenue and Customs, as well as showing the management where the business is going.
Harmonea are specialists in the production of management accounts and provide an integrated book-keeping and management account service.
- Statutory Accounts
- Management Accounts
- P11D Generation
- Sole Trader Accounts
- Partnership Accounts