Do you think that your accountant’s fees are a cost or an investment?
“The biggest expense is an opportunity cost.” – Anon
Accountants tell their clients to reduce their overhead costs as one of the seven ways to grow your business. One of your overhead costs is your accounting fees. So, is what you spend with your accountant an expense which needs to be reduced, or is it an investment?
An expense is a necessary evil. It can’t be avoided and is a grudge purchase with very little value add.
An investment is about the return on your spend – what you get back as the benefits of the service; more cash, more discretionary time, or simply peace of mind that everything is done as it should be.
The true purpose of an accountant is to provide enduring value to you and your business. It’s no longer just about annual accounts and tax. Accountants who live into their true purpose provide services such as:
Tax planning and minimisation
Helping you create a plan to realise your goals – including profit and cashflow improvement strategies
Working alongside you to realise the plan – by combining our expertise with yours
Ensuring your compliance and tax obligations are met in the most cost-effective way
If you consider what you spend with your accountant to be a cost, then cut that cost; if you consider it an investment, you need to invest now more than ever, call Julia on 01926 298829