Starting a new business is hard enough without having to understand all of the tax complexities and HMRC guidelines for a small business to operate within. If you are a new start-up there is every
chance your skills excel in commerce, being an entrepreneur and making sales in whatever you are offering. Just because you own a small business doesn’t mean you naturally have great business accounting skills, that is why you should seriously consider the service of a small business accountant.
Running a small business or creating a start up business takes time, energy and commitment. Often business accounting is not a priority, once that happens, what normally follows are fines from HMRC. Missing deadlines for tax returns, not knowing what is claimable and or where to start with your bookkeeping.
If you’re serious about your small business and you want it to grow and have longevity, you need the services of an accountant. Your options are plenty, with more and more accountants offering attractive services to small businesses. Ideally you want an accountant that has knowledge of your sector, also one that offers an affordable service without cutting corners or lowering the quality of their service to you.
Find more help with accounting and finance for your London-based business in our information centre.