What Should An Accountant Do For You?

And How They Can Help You.

Accounting, or accountancy: the measurement, processing and communication of financial information about economic entities. Money talks, and accountancy is the language of business. Unless you’ve got a fluent translator you’re going to struggle to understand what’s happening most of the time.

Okay, we’re assuming you’ve heard of accountants by now. Maybe you even know someone who claims to have seen one once – although he probably had to make an appointment and trek off on some ungodly expedition to do it. It’s an accountant’s job to produce a clear, accurate record of a business’ financial performance, and to make sure it’s on the right side of the law. You might choose to do all the heavy lifting yourself, but if you’d rather free yourself of the weight and focus on actually running your business, there are other options.

Great accountants are true team players, always scouting for the best routes to lasting success and sustainable growth. It takes years of training and experience, and a good one can turn a solid business into a legitimate powerhouse. It’s about much more than making sure the numbers add up. Great accounting can help you navigate the dark waters of regulatory compliance, or chart a course through a new territory.

At RIFT Accounting, we take pride in the fact that our accountants are fully organic, and contain no artificial additives to ensure they retain their natural sweetness. They live happy, free range lives and are always scampering about to speak with clients, suggest business plans, offer ideas or talk through strategic options. We’ve brought them out of the stationery cupboard and turned them loose to show what they can really do.

Get in touch with us to talk to real, living accountants today. Go on, ask them anything…

Accountants Do It by the Numbers

These are the kinds of things that an accountant may do for you. It’ll give you an idea what they’re all about, but it’s far from exhaustive:

Deal with HMRC on your behalf.
Keep you up-to-date on changes in tax and financial law, explaining what they mean and how to keep within the rules.
Help you to structure your company in the most tax-efficient way possible.
Help you to understand the best way to take money out of your company.
Explain what you can claim as expenses for tax purposes.
Help you to understand your personal and corporate tax liabilities, such as National Insurance, Income Tax and VAT.
Calculate your Corporation Tax bill and date for payment.
Help you with your personal Self Assessment tax return.
Make sure you understand the amounts, deadlines and payment procedures for all taxes you owe.
Explain the benefits of various tax planning opportunities.

Prepare company year-end accounts.

Organise your payroll, including calculation of gross salary, tax, benefits and NI.
Produce end-of-year IR35 calculations and advice for payment where appropriate.
Advise on the impact of offering shares in your company, and the calculation and payment of dividends.
Discover and correct mistakes in your accounts.
Create and improve accounting procedures so that everything’s consistent.
Streamline your budget to improve the company’s bottom line.
Work with an auditor if the situation arises.
Help with applications for loans or other finance.

Accountancy is a huge field, and what makes it so interesting is that every business, and every person running that business, is different. There is no “one-size-fits-all” answer.

That’s why we’re here, to determine the best fit for you.

Call us on 01233 653006 and see how we can help you today.

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