Top 7 reasons to hire an accountant

Top 7 reasons to hire an accountant
 

As a business owner, you are required by law to file your accounts with the commercial court at the end of each financial year. However, there is no legal provision requiring the use of a chartered accountant for the day-to-day management of a company. However, numbers professionals are very often – if not always – indispensable. Here are 7 arguments to be convinced!
The chartered accountant is above all… an expert
The chartered accountant is not the first to come to the financial management of a company. To obtain this title, he must indeed study for at least 5 years the texts relating to many fields. He will then spend at least 3 years with a chartered accountant to finally, after 8 years, win the holy grail of accounting professionals after a new examination. This shows how the chartered accountant has solid tax, legal, social and accounting knowledge to help you manage your business as calmly as possible.
 
Not hiring an accountant is taking a financial risk
Nothing prevents a business leader from calling on a friend, the person who shares his life, or even a secretarial company for his daily accounting. However, the accounting mission is demanding and tolerates very few approximations – and even less errors. Problem: the latter can be expensive, whether in additional costs or fines. This is why the use of a professional in the field is essential: he guarantees the accuracy of the calculations, and if ever an error were to slip in, the accountants have insurance covering the related costs.
An accountant fulfills many missions
Among the advantages of a chartered accountant, let us also mention the diversity of the missions that he is able to accomplish:
taxation, since beyond completing your tax return, it will help you make the right choices in the face of the multiple options faced by entrepreneurs (IR, IS, flat rate, actual, etc.);
expense management, since it can help you invest and spend funds according to your company's real capacities (in line with current cash, but also with cash corrected for future expenses);
accounting, of course, in total transparency;
assistance in decision-making, whether for an investment or for a request for financing;
financial control, to check that the course of your company remains in line with its objectives…
 Read also: Business accounts: our advice to understand everything
The accountant saves time
Of course, nothing prevents you from managing your accounting production yourself. However, it turns out that this mission is particularly time-consuming, especially for companies that employ employees. Pay slips, declarations of social contributions and other administrative formalities are then added to the various requirements of the entrepreneur (payment of contributions, VAT declarations, management of company vehicles, etc.). Suffice to say that calling on a chartered accountant above all saves time, which can be used to conquer new markets!
It reduces the risk of facing a tax audit
Today, it is accepted that the tax administration will be more "tempted" to carry out an audit when the company has not wished to call on an accountant. The presence of the latter indeed tends to “reassure” the tax authorities, since he engages his responsibility in any document that leaves his office. And if, by chance, the tax authorities still wanted to carry out an audit, it would be up to your accountant to assist you throughout the procedure.
The chartered accountant can help you reduce your taxes and charges
The role of the accountant is also to help you lighten and simplify your company's budget. Thus, he will advise you on certain tax measures, will assist you in managing your cash flow, will share with you "good practices" to reduce your expenses...
 
The chartered accountant is a long-term partner
The life of an entrepreneur is made up of ups and downs. The chartered accountant should be seen as a long-term partner, there to give you advice when business is difficult and to help you keep your feet on the ground when it really takes off. In short, the accountant is a facilitator of entrepreneurial adventure!