When Is the Right Time to Hire an Accountant?
How Can We Help
If you would like more information about BCS and our services, please do not hesitate to contact Us.
We Talk To You On A Personal Level, No Jargon
When You’re Starting a New Business
Starting a new business is exciting, but it’s easy to overlook important financial and legal matters. Choosing the wrong structure, or failing to register correctly with HMRC, can lead to issues later.
An accountant can help you:
Mistakes made during the setup phase can be expensive to rectify later, making early professional advice invaluable.
Top Quality Advice And A Personal Service
When Your Business Starts to Grow
Once your business reaches a certain size, managing the numbers become more challenging.
You may face:
VAT registration once you exceed the turnover threshold
The need to run a proper payroll system
More complex cash flow management
Greater scrutiny from HMRC
At this stage, an accountant does far more than number-crunching. They can provide management accounts, help you interpret key financial indicators, and suggest tax-efficient strategies to support sustainable growth.
Professional Financial Advice
Managing Complex Tax Situation
Without proper advice, it is easy to miss important tax allowances, reliefs or reporting deadlines. Owning rental properties, earning income from investments, or working abroad can raise new and complicated tax obligations.
Misunderstanding Capital Gains Tax rules or failing to correctly report foreign income can lead to fines. A good accountant will ensure that your tax returns are accurate and HMRC compliant.
Preparing for Major Financial Decisions
Large financial milestones are moments that often have complex tax implications. For instance, if you are selling your business, careful planning may allow you to reduce your Capital Gains Tax liability.
An experienced accountant will help you navigate these transactions, ensuring deals are structured in a way that minimises tax, maximises benefits and avoids nasty surprises later.
Top Quality Advice And A Personal Service
Seeking Peace of Mind
An accountant provides ongoing value by offering peace of mind. As financial regulations change regularly, staying compliant requires you to stay on top. We can ensure you are always up to date and your financial records are accurate.
Regular reviews can highlight potential risks and help you plan confidently for the future.
Contact BCS Accountants
Can we help you? We are based in Bolton-Le-Sands, near Carnforth, but cover Morecambe, Lancaster and Kendal. Call us on 01524 824111. Alternatively, send us a message via our contact form and we’ll be in touch.
Professional Accounting And Tax Advice
Contact BCS Accountants
Address:
BCS Accountants & Tax Consultants
Border House, 60 Main Road
Bolton le Sands, Carnforth
Lancashire, LA5 8DN
Contact Details:
Tel: 01524 824111
Fax: 01524 825327
Email: enquiries@b-c-s.co.uk
