With the new tax year now upon us, it is the perfect time for established businesses, startup companies and freelancers to get their house in order when it comes to the management of their accounts.
This is why April and May are the busiest times for accountants to form partnerships with new clients, onboarding businesses that want to start the new financial year on the front foot and with an experienced accountant to hand.
Is it time for a new accountant?
Actioning change can be hard when running a business, especially when appointing important partners to work with like an accountancy firm. However, if you’re working with the wrong accountant that doesn’t understand your business or vision, you could be wasting a considerable amount of company time and money!
Below, we look at the telltale signs it’s time to appoint a new accountant for your business.
-You have to send them reminders about deadlines
-There are no regular touchpoints
-They are not paperless or utilising accountancy software
-Your accountant charges too much
-The practice you're using charges for advice
-You have received penalties for late filings
-You don't feel confident in their ability of their advice
If you're looking for a fuss-free way to manage your finances then utilising the wonders of modern accountancy software and automation is essential. A recent study showed that 95% of businesses that moved over to digital accountancy recordkeeping felt more organised.
Here at Lime Advisory, we take advantage of systems such as Xero, QuickBooks and Excel, setting clients up on user-friendly online systems. This allows them to access live data on their finances, upload important documentation and generalyl stay abreast of their finances.
More than your traditional accountancy firm
While we can support you with your bookkeeping, payroll and other traditional accountancy needs, at Lime Advisory we provide a whole wealth of additional services and solutions to our ever-growing portfolio of clients. These include:
Our services that fall under the ‘Accountancy’ umbrella include:
-Research and development tax credits
-Financial director outsourcing
Looking for a corporate finance partner? Here at Lime Advisory, we can support you will the following services:
-Selling a business
-Buying a business
Our services that come under the heading of 'Commercial Finance' include:
Contact Lime Advisory
If you wish to discuss accountancy services or any of our other financial solutions, don't hesitate to get in touch. With a large team of highly qualified accountants and tax specialists in the business, you can be sure that we will have the answers to your questions.