Do you really need an accountant to look after your business finances or is it something that you can handle yourself? If you are asking yourself this question, here’s a few reasons why you should entrust your business finances to a professional and how MH Associates can prove to be a value-added service and a partner that your business can rely on.
Saves time
Hiring an accountant/bookkeeper can help you to focus your attention on your core business goals, the important stuff, making money! whilst MH Associates take care of the finances. It’s a win-win; you don’t get to waste time crunching numbers, and you get to spend time making more money.
Up-to-speed
Using an accountant/bookkeeper ensures that HMRC deadlines are met, and that you are paying the correct amount of tax at the right time and where savings can legally be made, you are making them, no one wants to overpay the taxman! MH Associates understands how the system works, what can and cannot be claimed for and what changes have been made, we will help you ensure you only pay what you have to when you have to.
You could save money
Why go to the expense of hiring an accountant/bookkeeper? At MH Associates we will highlight any areas where you could be saving money (such as claiming for all of the expenses you’re entitled to), which means that not only could we drastically reduce your tax bill, we could even end up paying for ourselves.
Business support
MH Associates don’t just help with your finances. If you’re just starting out in business, we will support you and as your business grows, we’ll point you in the right direction if you decide to change the structure of your business. It might be that being a sole trader isn’t very financially efficient any more and that you’d be better off running as a Limited Company or operating through an Umbrella company.
Full account management
Whilst ultimately, you are responsible for ensuring that your finances are accurate and truthful, MH Associates will take full management control of your accounts. This means we do everything on your behalf, from completing your tax return, run your payroll managing PAYE to filing your accounts with Companies House. You could even nominate us to manage your communication with HMRC.
Making life easy
Let’s be honest, spreadsheets, invoices and tax returns aren’t why you went into business and they will certainly never be classed as fun. Not only will MH Associates keep your accounts in order, but you’ll also have the added assurance that you won’t be penalised for late payments. So when January comes round and we are working our socks off, you can feel safe in the knowledge that your tax return is done.