Doing your own business finances? Think again
As a business owner, you’re probably used to juggling lots of different roles at once: salesperson, customer service pro, technical expert, admin whizz, planner and leader (and that’s just for starters). Perhaps, like many business owners, you’re also doing your own accounting. But is handling your bookkeeping, tax returns and so on really the best use of your time?
Knowing your limits
A good business owner understands what they’re good at and where they could use extra support. Here at Jupp Castle, we may be award-winning accountants, but we’re not so fantastic at building a website, installing new computer hardware, or fixing the plumbing – we’d call the experts instead! It’s the same with accounting. If finance isn’t your forte, that’s okay; far better to work with a professional team of accountants who know what they’re doing. After all, accounting errors can be costly – especially when it comes to things like tax and VAT.
What’s more, when you do your own accounts, you could be missing out on tips and tricks to improve your finances, save money (yes, an accountant can help you save money), increase profit, and more. For example, we regularly help our business clients identify growth opportunities and find more efficient ways of doing business.
Your time is precious – get some of it back
If you’re still not convinced, ask yourself this: if you weren’t doing your own accounts, what else could you be doing with that time? Increasing revenue? Serving your customers? Finding lucrative new business opportunities? Or simply spending more time with family and friends? With the right accountant in place, you have more time for the things that really matter – both within your business, and outside of it.
It’s true, working with an accountant costs money. But not as much as you’d think. (Many accountants, like us, offer set-fee packages, so you know exactly what you’ll be paying, with no hidden fees.) What you gain in return is enormous peace of mind, and that all-important time to focus on the things you’re best at. In other words, you get great value for money.
At Jupp Castle, we work with a wide range of businesses – from start-ups and sole traders to large corporations – and cover everything from bookkeeping and tax filing to payroll and business planning. If you’d like to know more about working with an accountant, contact us for a free chat.