Accountants are an essential part of a business. Without them the company simply cannot function. Someone has to be responsible for the finances of the organisation and there is so much that an accountant does to ensure that not only do you stay on track fiscally they also make sure that you do not get caught out in terms of tax that needs to be paid. For example Randall and Payne, are Accountants Cheltenham based and they can help and instruct you in what is needed. Here is what an accountant does for you.
- They make sure that you stay on the right side of financial law. It is their responsibility that all of the relevant financial documents you have are correct and up to date. Compliance is also very much part of their priorities for you.
- Financial reports are complicated and also essential to the running of the business. Not only that they are a legal requirement to maintain the ability to keep trading. The role of the accountant is to make sure these are prepared correctly.
- The accountant looks after your Tax. Tax, the paying it and the documenting of it is of great importance to Her Majesty’s revenue and customs. The accountant will make sure that there is no margin of error so that you pay the tax you owe, get rebates on what you should not and that you keep to the correct recording that you have.
- Making sure that you have a streamlined business that is lean and profitable is very much at the forefront of the accountants mind. Your success is theirs as it keeps you as a client.