Why enlist the help of a chartered accountant?
Jan 21, 2024
A charered accountant helps save time in procedures
Entrepreneurs face numerous legal obligations, which are not always easy to grasp without prior knowledge of basic accounting rules and business operations. To ensure professional activities are fully compliant, you can choose to delve into legal texts and manage daily operations yourself, or delegate these tasks to an accountant. To save time, avoid overloading your schedule, and make the right choices, an accountant can be invaluable because they understand both the law and the subtleties of regulations governing your profession. Avoid administrative errors and fulfill legal obligations with an accountant who can handle procedures for you promptly, thus avoiding penalties.
A chartered accountant provides support during key moments in a business's life
Are you considering acquiring a competing business? Do you want to open a new point of sale, expand into a new city, or launch a new activity complementary to your core business? For all these strategic questions that inevitably arise in a company's life, an accountant offers a critical perspective and guides you in choosing preferred legal and tax options. From the inception of the business, an accountant can be a valuable resource. Depending on your project, personal situation, and future aspirations, they can help choose the right legal structure, make the right choices between employment or self-employment status, decide between income tax (IR) or corporate tax (IS), etc.
A chartered accountant ensures precise bookkeeping
As the name suggests, an accountant is also responsible for maintaining accurate records of your company's accounts. If you prefer not to manage your accounting internally, you must engage a professional registered with the Institute of Chartered Accountants.
An accountant possesses real expertise and versatility that allows them to intervene in multiple areas related to managing your business. From accounting and taxation to managing payroll and providing guidance on management issues, you can rely on an accountant's advice. An accountant can offer management tools (dashboards, performance tracking indicators) and help you gain a comprehensive real-time view of your business activities.
Often, hiring a chartered accountant is an economically viable solution. Depending on the packages offered, working with an accounting firm is often more financially attractive than employing someone internally with all these skills!
How to Find a Chartered Accountant?
To practice their profession, an accountant must be registered with the Institute of Chartered Accountants. You can consult the Institute's directory to conduct a search. LUCA PACIOLI, Cabinet Ben Mahmoud is a member of the Institute of Chartered Accountants. We assist small and medium-sized enterprises, freelancers, independent professionals, entrepreneurs, and business buyers closely in your vicinity.