A small practice based in Suffolk,
H.J.Hedges-Quinn & Co offer a personal service to local business owners, supporting your financial planning whether you are self-employed or a growing limited company.

Time to consider calling in the professionals?

We think employing an accountant will possibly be the best business decision you will ever make – but then we are biased! If your business is at the stage when you could do with some extra help, keep reading to find out what value we can add.

Chartered Certified Accountant

Hayley Hedges-Quinn

8 reasons an accountant will help your business achieve your goals – and keep your sanity

A question frequently asked by small business owners is - Do I need an accountant?

Software and technology make it reasonably easy, and somewhat appealing, to take a DIY approach to record accounts and tax obligations. But an accountant is more than a “record keeper”.

Accountants are experts with a wealth of knowledge, experience, and connections. A business owner should never underestimate the value an accountant brings to their organisation. An accountant can be your secret weapon – your advantage over your competitors. They are your critical (best) friends.

Helping SMEs is our real passion. Here are just eight of our reasons why we believe working with an accountant is the right decision……

1

The right first step
As accountants, we can help you write your business plan when you are starting your business. A solid and robust business plan will make sure that you are starting on the right path for growth, financial stability and security.

We can help you decide what business structure is most suitable for your plan: most businesses start as sole traders but perhaps launching as a Limited company or having a formal partnership in place, will make your business growth more secure.

As accountants will make sure you start on day one with the right procedures and the most suitable financial record-keeping software.
2

Tax
The obvious one and often the first reason business owners start to think about whether they need to work with an accountant. Whether that is frustration with trying to find out answers from HMRC, confusion with what has to be submitted on what date or what information is needed for their tax return.

An accountant will make sure that the correct information is filed and on time. We will minimise your tax liability and maximise your tax planning. In short, we will save you time, hassle and very likely money.
3

Cost Savings
Yes, that’s right. Just in case you missed it in point 2, an accountant can be a business expense that ends up saving you money.

By making sure you pay your taxes on time you can avoid fines. Planning for tax payments can avoid expensive bank charges or loans. Having the correct software, processes, growth path, payroll – everything an accountant manages for you can result in savings.
4

Cash Flow
Cash flow management is so important for your business. It is cash flow, not profit, that will allow you to make critical decisions. An accountant will make sure you have the right procedures in place to manage your cash flow, and know how your short- and long-term needs will be met.
5

Do what you do best
Unless you have set up an accountancy business, your skill set probably lies elsewhere! Employing an accountant will allow you to do what you do best and concentrate on your core strengths.

As your business grows, your accounts will become more complex. Your accountant can make sure that you have the processes in place, and streamline your systems to make it as time efficient as possible for you to run your business. We can take away that worry and give you the confidence to just get on with running your business.
6

Achieve growth – and sustain growth
Many businesses fail not through lack of growth, but unsustainable growth. An accountant will give you the tools, knowledge and advice to help you get the funding, manage the cash flow and produce the business plans needed to achieve and sustain growth.
7

Protect your team – Payroll processes
If you employ people, you must run an effective and efficient payroll. Payroll experts exist because it isn’t as simple as doing a bank transfer each month!
8

Flexible Support
The input and support an SME needs from an accountant will depend on the industry, the size of the SME and their business plans. It may be a “consultancy” service, dipping in and out of specific discussions and decisions is what is needed. It may be setting up a company and making sure the tools are in place for self-management.

We could go on! We love learning about our clients’ aspirations and helping them to achieve their goals. We believe that the value we add makes a real difference to our clients but don’t just take our word for it! Check out the reviews on our website to hear from our clients about the benefits they have experienced through using our accountancy services.

If you’re considering working with an accountant, please contact Hayley on 01473 657853. She will be happy to talk through your options and help you find the right path to success.

Call Hayley today on 01473 657853

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