Why does your Company need a Birmingham accountant?
All UK businesses have a legal obligation to report earned income to Her Majesties Revenue & Customs (HMRC) so that the correct tax is paid. This applies to any type of business, weather it be a self employed individual or a big limited company. Whilst the tax preparation and submission can be done by anyone it is important that it is done correctly. The easiest and most cost effective way of doing this is to work with a professional accounting firm who can do the job for you.
Some people, on a very limited budget may choose to attempt this themselves – whilst it can be done it is not advisable unless you are a qualified and experienced accounting practitioner. The UK taxation law is one of the most complex in the world and without years of daily study and financial experience it can be a mine field. A quick read of the HMRC guidance at https://www.gov.uk/hmrc-internal-manuals/self-assessment-manual clearly shows there are thousands of tax and accounting regulations to consider. Specialist small business accountants in Birmingham are relatively cheap in comparison to getting it wrong!
Do they have to be a Certified Chartered Accountants?
Not all accounting firms in the Birmingham area will be chartered, whilst this may be okay for many business owners who are on a budget or those just seeking basic bookkeeping and payroll services – it is important to remember that anyone can call themselves an accountant. Being chartered and having some publicly recognised qualifications gives you some indication that the service you are getting is likely to be from an expert. If they are not certified chartered another good indication is reviews – try to find the company on google or similar external public review site where companies have been independently rated.
Where are the best Birmingham accountants located?
In Birmingham there are a few areas that attract the larger corporate accounting and audit firm such as Colmore Row, an area near the center of Birmingham. If you are after a smaller accountancy adviser take a look further afield or click here to request a quote from one of our preferred providers.
Would online accounting experts be better for you?
With modern technology there is no need to use an accounting firm in birmingham city center at all, instead using an online based accountancy advisors who are providing clients the same level of high quality services without the need to visit a local office. Using software like quickbooks, xero and other web based tools advisers have a great opportunity to support their clients even when doing their jobs from home.
How much should i expect to pay?
It is important to get the best accountants and tax advisors you can afford. Tax accountants have an array of knowledge that can help you throughout the life of your venture. From planning a new startup to doing your annual tax returns. Staff members provide personalised advice that can help you discover added value and turning your vision into a reality. Birmingham accounting services will help your business grow and develop – typically the more you pay the better consulting and strategic advice you will receive.
Need to find a birmingham accoutnant and tax firm? Click here to request a quote.
An article on birmingham business would not be complete without mentioning HS2 – the trainline will connect London and birmingham with a journey time of less than 50 minutes. The second phase of the line is planned to be extended to Manchester. This additional transport link will make Birmingham a fantastic area to run a business. Our cheaper cost of living and less saturated marketplace means the city of Birmingham will soon be exposed to more capital investment opportunities and greater members of the workforce.