Everything You Can Expect
When you think of working with an accountant, chances are you didn’t consider doing it remotely. Here are just a few of the benefits of having a virtual accounts department.
Lower costs
When you hire a virtual accountant, you’re getting the expertise you need at a much lower cost than if you were to take on a new member of staff. Virtual accounting services cost so much less than a salary and all the expert costs that come with that.
If you were thinking about training up a member of your existing team, virtual services still offer good value for money. You won’t have to fork out for extra training and then have to cover the costs of any delays that come from them finding their feet in the role.
Saves you time
When you work with a virtual accountant, you’ll be getting what so many people say that money can’t buy: time. When you leave your accounts to a team who know how to get the job done quickly, you can focus on other areas of your business instead. So not only will your finances be in better shape, but your business will benefit from you focusing on the areas where your talents lie.
Scalability
Working with a virtual accountant means that you can access the help you need, when you need it. No two businesses are the same, and some may need accountancy assistance much less frequently than others. So if you only need help when it is time to tackle your tax return, that’s what you can get! It’s a much better system than having a staff member who isn’t needed throughout the year.
Staying compliant
Just like working with an accountant in person, having a virtual accountant helps you to stay compliant. There are so many rules and regulations when it comes to accounting, from pension contributions to payroll. An accountant knows all relevant legislation and will be able to ensure that your liabilities are minimised while staying within HMRC’s rules.
Better communication
You might think that working with a physical accountant in your area is going to be more confident in terms of accessing support, but that isn’t always the case. It can be hard to find the time to schedule a meeting in person, but there’s no need for that if you outsource your needs virtually. All you need to do is make time for a quick phone call, cutting out all the stress of meeting in person.
Plus, because a virtual accountant is much more used to dealing with these things remotely, you can count on them being able to deal with your issues in no time at all.
What next?
If you feel like a virtual accounts department could be the right fit for you, then get in touch with a trusted team today! You’ll wonder why you never made the decision earlier.