Tips for Finding Suitable Small Business Accountancy Services
The seeking, finding and ultimate appointing of small business accountancy services is not the simplest of minefields for small businesses to navigate. There are literally thousands of accountancy firms and bookkeepers across the UK, offering specialist or complete accountancy solutions to businesses of every size and every sector. However, in the cases of small businesses specifically, their criteria generally revolve around the pinpointing of relevant service levels, coupled with affordable price tags.
When perusing various accountancy firms, it is therefore pertinent to small businesses to turn to providers specifically offering small business accountancy packages. It might be tempting to think big. They might feel that they are making smart moves in paying extra to enlist household names that look after large multinational businesses. However, this is not necessarily so, as small and large business accountancy needs are often chalk and cheese.
What most small businesses need is an expert and professional small business accountancy firm to oversee dealings with HMRC. Furthermore, they need to work with accountants who speak their language and do not blind them with science. Running a small business is demanding enough in its own right. Small business accountancy firms understand this, and respond with jargon free communication that is clear and concise, not bamboozling.
Flexibility is a key ingredient of small business accountancy that sector dedicated firms bring to the mix. They acknowledge that most small business owners are time poor and that precious time and resources need to be concentrated in to the daily modus operandi. In response, online accountancy has become increasingly popular in the small business sector. It allows small business owners to submit their queries and records to their accountants at their own convenience. This might not mean during traditional office hours, thus offering business owners the opportunity to turn their attention to accountancy matters from their kitchen tables at midnight if this suits them best.
Of course, the making of correct HMRC payments, on time, is what the majority of small businesses lean heavily on their accountants for. When business owners are looking to enlist accountancy services, they should raise their concerns about tax and VAT from the get go. Tax is a complex affair. If it was simple and everybody intrinsically understood it, there would be no need for any businesses to appoint related services. If accountancy firms do not appreciate the fears that small business owners have in this area, they are probably not the best small business accountancy bets.
Last but by no means least is the issue of small business accountancy fees. Amidst a fragile economy lacking in consumer confidence, most businesses aim to eradicate superfluous extras and streamline expenditure. Simple fixed monthly costs often work well for small businesses. Monthly small business accounting is available from just £14.50 per month. Such affordability offers small business owners peace of mind. They know what they are expected to pay for their accountancy services. They also know that, whilst their tax liabilities are more than adequately accounted for, they are not expected to pay for services that are beyond their current requirements.
Lee Murphy is the co-founder of The Accountancy Partnership, an accountancy firm based in Cheshire. Specialising in small business accountancy, The Accountancy Partnership offers low cost accountancy fees.
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