The ongoing Coronavirus (COVID-19) pandemic has resulted in millions of cases and thousands of deaths. In addition to this, it has also caused issues for small businesses and concerns about future social-economic crises. As a business owner, you are facing new challenges every day. It can be hard but at the same time, you still need to keep up with regular responsibilities that are integral to running a business such as filing your accounts, which is a requirement from HMRC & Companies house. Accountants have long been undervalued in business as many CEOs and directors see them as an expensive overhead. Here’s why a good accountant is more important than ever before:
They are your most important ally during the pandemic
Cash is going to be tight for many businesses during all this and chances are you won’t have time or energy to access government funding. The government support package for businesses have multiple strands and stipulations. A good accountant will be able to understand these fully and explain to you which is your best option and why.
They’re always thinking long-term
When hiring somebody to take care of your accounts, you don’t just want somebody who is simply going to keep score. A good accountant will help you with your budget, your financial position and can advise you on how to plan for the future. You know, when all this settles down!
They’re great at spotting opportunities
Perhaps the pandemic has made you re-evaluate how you do business and has inspired you to work smarter. Having somebody do your accounts also allows you to invite a professional to spot and evaluate opportunities.
Contact L K Accounting LLP
We would argue that there has never been a better time to hire an accountant. For more information on how to manage your business performance and finances, contact LK Financial Accounting LLP today