Créer mon blog M'identifier

Do you still hire an accountant?

Le 24 décembre 2017, 06:26 dans Humeurs 0

An increasing number of people are opting to work through their limited companies. The main factor behind this trend is the excitement of being one’s own boss, and the changed corporate working practices. Working for one’s own self sounds very liberating and thrilling. It offers freedom from fixed working hours and other restrictions involved in an employment, but it also puts more workload on you. Instead of doing a particular task as an employee, you become responsible for all the different aspects of running a company.

One of key decisions to make when you set up your limited company is whether to appoint an accountant or manage the accounts on your own. If you consider this from a legal point of view, you are not obliged to hire a professional for your accountancy needs. If you have the requisite knowledge of company accounts and understand all the mandatory form requirements, tax intricacies, etc., then you can certainly choose to do the work yourself.

However, looking at the subject from a practical angle, you may wonder if it is really possible to do the accounts and make all the tax or form submissions in time when you have so many other work-related responsibilities to fulfill? With an accountant working for you, you can devote your time and energy to performing your limited company’s core activities that consist of your specialized skills. Any leisure time that you can spare from work can be spent relaxing with family & friends.

The services of accountants involve much more than just checking your receipts and invoices through the year, and filing in your tax return at the end of the year. Tax planning is a major service provided by professional accountants. They help structure the company in a tax-efficient manner and guide you in maximizing your earnings. They possess an in-depth knowledge of the tax system that regulates your company and keep themselves updated with the latest legislative or regulatory changes. They offer you timely compilation of the company’s annual accounts, accurate computation of your corporate and personal tax liabilities, and on-time payment of all taxes and filing of tax returns.

Summing it up, you may be able to save some money by managing the company accounts yourself, but the time and effort you have to devote for it may not seem very reasonable. Moreover, a single mistake or oversight in the tax matters can invite a penalty many times more the savings you make by not hiring an accountant.

Related Tags:china company formation,Shanghai accounting service,HK company accounting

To know about Outsourcing Shanghai accounting service

Le 24 décembre 2017, 06:25 dans Humeurs 0

By outsourcing accounting of your business, you deal with a combination of experienced and skilled accounting people using updated accounting software and channeled through the web-based financial document transfer system. With that, you get accurate and timely financial reports in order to confidently man your business. It is like an extended accounting department headed by a team of professionals pooled together with their vast experience and ideas.

 

As a businessman, you always possess a myriad of concerns, from the administrative aspect down to the non-core functions. You always wish that there were easier ways to do things, particularly in the financial aspect. They are the cause of the constant headache for a most of the businessmen. Here outsourcing Shanghai accounting service works.

 

For any type of business, the entire accounting department is one of the functions that could easily be outsourced. If a business needs total relief from the complex procedures of financial processes, then the business ought to switch to outsourcing accounting services. There are lots of businesses, small or big, and even franchises who are into outsourcing accounting services. An in-house accountant or bookkeeper is now obsolete because having these professionals over the Net is now the trend today.

 

Outsourcing accounting services of your company also frees you from rigidly training your accounting personnel. The service providers are highly-trained and are closely monitored and supervised by their CPA Managers. You do not have to maintain any accounting staff anymore or part-time accountants for that matter. In addition, you have an easy access to these service providers as they are available 24/7 over the net. As reports are required, they are immediately presented also.

 

Outsourcing Shanghai accounting service is basically there to provide total business relief from the accounting functions of the company and focus on supervising and running the business. Rather than trying to be on top of the books, he/she can divert efforts into leading the business into the right track.

 

Outsourcing Shanghai accounting service helps many companies cut costs. There are many Accounting Outsourcing Services that cater to small and medium businesses worldwide with a structured process to ensure its success.

 

Related Reading: shanghai accountantsHK company accountingHongkong company accounting