13 Dec, 2019 01:47 PM
Admin Category: Start-ups,

Grow your start-ups with the help of an accountant

What can an accountant do for your start-ups to grow?

Start-up businesses are always on the rise in the UK. There are a lot of new start-ups coming to the market everyday. Some start-ups could be from the very experts of the industry or from fresh graduates to visualise their dream to make a change in the world and make it a better place. 

We receive a lot of questions and we become a part of so many discussions as an expert accountant in London for start-ups. We always try our best to help our clients step by step to achieve their goal from the very early state of planning and keep supporting them throughout the stage of growth.

Like any entrepreneur, maintaining and adding value to your start-up is a real challenge, considering the various tasks and challenges that they face in the course of business. For this reason, many small and medium-sized companies, especially start-ups in London that are entering the commercial world for the first time, should resort to minimising expenses by getting experts on board as demand. An expert start-ups accountants in London can be a solution to this outsourcing of accounting functions.

It is possible to save time in data processing and analysis, without giving up the efficiency and professionalism of a recognised and renowned accountant in London. Another factor that drives entrepreneurs to choose outsourcing is cost reduction, difficulty in controlling and handling cash flows and other financial and bureaucratic problems.

Experts are not only responsible for your business accounting but can be a valuable resource in strategic planning in the short or long term, through extensive support, backup, models and solutions, and a vast experience in the field.

The experts of Taj Accountants are highly qualified professionals, in possession of a wide range of services and consulting tailored to the clients. Our team, thanks to the long experience and knowledge of economics and finance, is able to help and support the growth of a company, focusing on saving unnecessary taxes and expenses, in compliance with government laws and regulations.

 

Be prepared for risks and plan solutions in advance.

Start-ups and other companies must deal with issues concerning market trends, economic and financial flows, control and adjustment of statements, credits not honoured or paid late, and other risky situations that if not kept under control could damage business’ revenue or compromising the ability to pay on time. Other risks that could bring a start up to its knees are the situations in which an immediate decision must be taken, in order not to lose sight of the pre-established objectives: in the indecision and in the hurry the start-up could undertake the solution that seems to be most suitable for the moment, without knowing the disadvantages that will come in the future.

Having a professional next to you, it is possible to foresee unwanted situations and draw up a series of solutions with the related consequences in the short and long term.

 

Different points of view

Being supported by an accounting professional means having an extra opinion, idea and perspective, not necessarily the same as yours.

Many entrepreneurs fail to consider other points of view and analysis, due to their lack of experience or because they are too focused on the objectives to see all the possible tools. The task of the accountant here is to highlight the errors of the client, without fear of losing him / her and the monetary gain, and to identify the path less tiring and more suited to the needs of the business.

 

Time is money

Start-up owners should be able to evaluate time economically and separate primary activities from support activities, entrusting the latter to a third party.

Financial and accounting activities often treat sensitive and confidential data, which should not be accessible to employees, and take a long time to create financial and managerial information. In this case it is useful to rely on an accounting office for personnel management, accounting, payroll, consultancy, support and growth of company projects, inventory monitoring, orders and payments, sales orders and preparation of the necessary documentation to conclude the negotiation, and so on.

 

Regular performance and business result checks.

A good and healthy company should always be kept under control by the managers and consequently the reports must be relevant, ordered and always up to date. Having an accountant next to you is always possible to have a picture of the benefits in terms of profits and growth of your business.

Moreover, the accountant is able to measure progress in clear and understandable terms for future strategic planning, avoiding external and internal threats.

 

Bureaucratic and non-bureaucratic phase

Due to the dynamism of the rules and regulations, a business should always present the tax return and the accounts in the time and manner indicated, to avoid fines and penalties.

However times and methods are not always respected for various reasons and for this reason the help of an accountant can be really useful and efficient. Moreover the accountant, thanks to his long experience in the field, could cover some gaps and deficiencies on behalf of the business.

 

Difficult decisions

The generation of profits depends on the choices made through a long and accurate both strategic and financial planning.

A competent accountant should be able to guide you on the best path, indicating the right tools.

Planning includes financial investment, major purchases, cost-benefit analysis, margin calculations and forecasting of possible scenarios.

Whatsapp Now