I understand the dilemma. Accountancy services can be expensive, so you need to justify the cost by making sure that the benefits are worth the expense. I asked myself a similar question when I was considering whether or not to pay for accountancy and taxation services in Hertfordshire. I ended up hiring SAS Micro. Here are the benefits that helped me make that decision
- They can free up time for you to spend on other business tasks. If it takes you 10 hours to do your taxes, outsourcing it to an accountant can give you those 10 hours back. You can then use them on other tasks to drive profitability.
- They can give you the advice you need to write a successful business plan. If you’re just starting out, your business plan is important for the long-term success of your business. An accountant can add financial projections to the plan which will make it much more realistic.
- They can help you to setup the right legal structure for your company. They can advise you on the different options and which one is right for your business.