Changing accountants is a good idea. The moment has arrived...

04/15/2022

Given the fact that the majority of New Year's resolutions fail by the time January comes to a close, you could argue that February marks the beginning of the year's actual new start. Perhaps you've already gotten over the post-Christmas blues and paid your tax to HMRC (if you're self-employed), and you're feeling refreshed and ready to take on the new year head on.

In other words, now is the ideal moment to take stock of your company's financial situation and consider how you might make 2016 your most successful year yet. Change of accountants should be at the top of your to-do list, and we can help you with that.

How switching accountants might be beneficial to your company

In the event that you consider your existing accountant to be only a number cruncher who is only useful for your end-of-year tax return and nothing else, it may be difficult to realise just how significant a difference a change may make.

In contrast to traditional accountants, who focus on closing the books at the end of the year, modern accountants provide financial and business advise throughout the year.

That additional support enables you to constantly expand your firm by spotting financial opportunities as they arise and assisting you in more efficiently planning your cash-flow forecasting and management. And, of course, we are still in charge of the end-of-year tasks...

Consult with an expert.

You should look for an accountant who is familiar with your sector if you are going to be working with him or her throughout the entire year. Accountants with a specialisation in your industry will not only understand your terminology, but they will also be up to date on all of the current laws and regulations affecting your finances - and they will be able to advise you accordingly.

Better still, they'll be able to compare your company to others in the same industry, which will assist you in setting realistic goals, monitoring critical performance indicators, and implementing industry-wide best practises.

Despite the fact that Inform works with clients from a variety of industries, we have specific expertise in the hair and beauty market as well as the creative agency field.

Make a beeline for the clouds.

Are you still looking for more reasons to consider changing your accountant? What about the possibility to save significant amounts of time (and money) by utilising current cloud accounting solutions such as Xero to streamline your accounting processes?

Xero allows you to stay on top of your business finances from anywhere you are, whether on a mobile device, tablet, or laptop. It also saves you many journeys to your accountant or to the post office to send in your paper-based accounting records. Moreover, it gives you with fast and mobile access to financial analysis, detailed reporting, invoicing, and a variety of other features.

Having achieved Gold Partner status and being named a 2015 award winner, we are the most experienced Xero accountants in Sutton Coldfield and the West Midlands. We are ahead of the curve when it comes to leveraging technology to your benefit.

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