Last updated on October 14th, 2019 at 09:40 am
When Does Your Business Need an Accountant?
First, let’s consider what your small business can gain from deciding to hire an accountant. A business accountant can provide a wide range of services, including:
- Setting up bookkeeping and accounting systems
- Maintaining financial records
- Tax planning advice
- Preparing and filing your business taxes
- Generating audited financial statements or auditing your business’s books
- Providing business advice to help you operate cost-effectively
- Creating a personal financial plan
Although you might be able to perform some of these tasks yourself, or with the help of your accounting software, there might be valid reasons to turn to an accountant for assistance. Some of the most common reasons are for business taxes and audits. These processes can be complex, time-consuming, and they’re certainly instances where you don’t want to make errors. Choosing to work with an accountant, who is certified and has experience with these processes, can be a life-saver.
Additionally, an accountant can help you, not only with the physical accounting tasks but also with planning and offer sage financial advice for your business. You may not need to hire an accountant all year long, but it’s worth considering working with one when you do need their expertise. Whether you just need an accountant to set up your accounting and bookkeeping software as you get your business started, or you want assistance with yearly business taxes, there are endless reasons (all of them valid) that you would consult with a professional for accounting services. Plus, don’t forget that by outsourcing some of these important responsibilities to an accountant, you open up your time to spend on other parts of managing and growing your business.
Get Professional Help
One cannot hope to continue business for very long without using basic accounting and bookkeeping. If you are starting with your company, it may be possible for you that you do all the accounting and bookkeeping yourself, but as your company shall grow, the need for proper and professional accounting will gradually increase.
Thus it is advisable that you should hire an excellent team of accountants. It is entirely understandable that a start-up will not have enough funds to hire an accountant and in such a case, they can hire a part-time accountant who would suit the needs of the company and also keep the finances in check.
“ALYA” is one of the reputed chartered accountant firms in Dubai which will understand your business needs and will provide you with financial advice accordingly. At “ALYA”, we strive to help you by providing accounting and bookkeeping services, both traditional in-house accounting and outsourced accounting and also offer solutions for your business. For more information, do contact us today – we’d be happy to help.
How can ALYA Auditors Chartered Accountants help to take the Role of Accounting in business?
The vast expansion of businesses in the UAE has been taking place at a rapid pace and the legal requirement to maintain proper books of accounts make the Role of Accounting in Business more competent. To keep up with this rapid pace of expansion of your businesses in the UAE, it is sometimes difficult to manage the accounting activities of their businesses on their own especially for SMEs. Hence, to take up the role of accounting in business and serving the business in UAE, we provide the below Accounting Services in the UAE.