When you’re starting a new business, taking care of your own accounting and tax affairs as a cost-saving measure might seem like a good idea. But not engaging an accountant early can leave you vulnerable to costly mistakes and you might even miss out on tax savings you could be taking advantage of. Building a strong relationship with an accountant from the outset can help you make sound financial decisions for your future and provide a trusted advisor as your business grows.
An accountant can help make sure that you’re meeting all of the necessary tax obligations to avoid any fines or penalties. With the introduction of fully digital submissions under Making Tax Digital (for the tax year from 2026) the potential number of fines during a year will be increasing, so it’s more important than ever to ensure that your filing is up to date. Your accountant will be fully versed in all tax laws and can efficiently handle you affairs from the very start – freeing you up to concentrate your efforts of your business and ensuring you never miss a deadline! Here at Gooding Accounts our tax experts are here to support you every step of the way, giving you the best possible advice to reduce your tax bill
Keeping records up-to-date can be time consuming, it’s easier to start with an organised process than to return and track your expenses and income at a later date. A specialist Bookkeeping team can help you stay on top of you record keeping and ensure accuracy from day one. They’ll advise you on the most suitable software for you business and keep on-top of your books, giving you visibility of your overall financial health to enable you to make informed decisions on your business health.
Modern accountants are no longer simply number crunchers! As the holders of your ongoing financial information they can offer valuable insights into your financial strategy. Engaging an accountant from the day you set up your business can help you to build trust and develop a strong relationship. Growing with your business your accountant will be able to offer sound advice on your decisions. At Gooding Accounts we spend time making sure you’re matched with an expert that suits you, as well as your business needs; your dedicated client manager will be on hand to help guide you every step of the way.
We understand that as a new business owner your time and expertise is your greatest asset. Keeping on top of your business finances can be complicated and time consuming and requires attention to detail. With the launch of Making Tax Digital fast approaching the demands of financial record will only increase so it’s always advisable to engage an accountant when you start your business to free you up to focus on growth and development.
In the early stages of your business mistakes can often be particularly costly. Employing an expert as early as possible can help you avoid the common pitfalls such as misclassifying expenses, overpaying taxes, or misunderstanding financial statements, allowing you to rest assured that all of your financial affairs are in safe hands.
At Gooding Accounts we can offer you a range of software solutions to help you maintain accurate records. We can help you access detailed and accurate reporting – essential for making informed business decisions, securing loans, or even attracting investors.
Our friendly and helpful approach to accountancy, ensures that you understand and are in tune with your finances. Our committed team will communicate with you every step of the way so that you understand the position of your financial affairs – get in touch today.
