What are Statutory Records And Why Should You Maintain Them?

Every business, big or small, needs to hire an accountant to protect the financial integrity of the organisation.

Many business owners think that with the assistance of handy software such as Xero, they can personally handle the accounting, and truth be told, that is the biggest mistake a business owner can make.

During Start-up   

During the all-important start-up phase of a company a great accountant can be beneficial in providing advice as to what type of company is best suited for the business model, as well as assist in making decisions in regard to maximising profit.

During Periods of Growth  

A good accountant is critical to a company during periods of growth, and businesses are able to benefit from their expertise in several ways.

Day to Day Operations  

 When it comes to the daily operations of a business, there are many services an accountant can provide. These services include managing the recording of financial transactions and ensuring compliance with the law, overseeing payroll, and helping to find cost savings from various vendor.

During Financial Hardship  

If a company is experiencing times of financial difficulty an accountant can help to manage the situation by helping to identify problems within the business and developing new plans to bring the finances under control.

---

For initial advice about Accounting and Taxation; call us on 0203 488 7503, 01992 236 110

or contact us by email at welcome@walshwestcca.com