What is it that an accountant does that you can’t do for your business? Many startup CXOs have asked this question to themselves, and as much as wrong they are, it is rather inexperience that these questions are entertained. We will help you with the answers this time. Managing the finances for your business is crucial even if your business has just taken off. An accountant is like a trusted adviser to whom you go when you need directions while taking the key decisions.
Yes, we meant it. An accountant is an adviser and can give you proper directions for some of your major turning points in business. Accounting is not just about paying taxes and keeping their records. It is also about maintaining and managing your assets so that you can strategize well and move forward without worrying too much about the losses towards profit and growth.
You can save a lot of time with the help of an experienced accountant. Your expertise ends at running the company and your time is your money. Every hour you spend on filing taxes and trying to figure about the latest rules, you are spending valuable time which could have spent making managerial decisions for your company. Bookkeeping services come pretty much comes with hiring an accountant, but that doesn’t mean it’s all there is. Your accountant can also be your trusted adviser on a key important decision like when to take your company public, and how to save on import taxes when new government regulations are in effect.
You can have a source for a valuable source of information as your accountant. An accountant is ideally an expert on matters like Singapore company tax laws and when to file for bonuses for your employees. So having an accountant pays off where you would save a lot of money and time otherwise you might have to spend on damage control and unforeseen expenses. Payroll and tax filing are time-consuming affairs and only with the help of an accountant can you really take advantage of the system positively. Besides, if you are running on profit and you decide to go for your first IPO, having an accountant may be the difference between making a mistake and taking your company into the success.
All that being said, we would like you to introduce you to FM accounting. Our staffs are all professionals and are highly trained in accounting services. We exist to make the lives of our customers easier and help them succeed.