Running a small business is exciting, rewarding, and, let’s face it, a little bit much at times. Between managing your team, delivering great products or services, and keeping your customers happy, there’s a lot to juggle.
Then, suddenly there’s the finances – taxes and cash flow and payroll – barrelling towards you. It’s enough to make your head spin.
Here at Raedan we love working with small businesses. Sure, we wouldn’t turn down the chance of working with a massive company (Apple, if you’re reading this, call us), but helping small businesses grow is our passion. Why? Because we’re a smaller business too, and we know exactly what you’re up against.
From managing cash flow to navigating taxes, running a business is tough. The good news? You don’t have to do it alone. With our team of experienced accountants for small business at your side, you can stop worrying about messy accounts, confusing financial jargon, and surprise tax bills as we can handle it all.
OUR EXPERIENCE AS ACCOUNTANTS FOR SMALL BUSINESS
When you’re a small business you’re probably wearing multiple hats – CEO, marketer, salesperson, and accountant. It’s a lot to manage.
But when it comes to your finances, having a specialist on your side can make all the difference.
A great accountant for a small business isn’t just about having someone around to file your taxes (although that’s super important, too, please file your taxes). We can swoop in to help you understand your financial health, maximise your profit, and map a plan for your future.
We take the stress out of accounting so you can concentrate on running your business. With years of experience working as accountants for small businesses like yours, we know how to tailor our services to your needs, ensuring you get the support that’s right for your stage of growth.
We’re not just here for your year-end accounts. We provide ongoing support and proactive advice to help you make smart financial decisions throughout the year.
We get that accounting can be confusing, especially if it’s not your passion. So, if you don’t know how to navigate your accounting hurdles, don’t worry. That’s why we’re here – to handle it all for you and help your business grow.
SIMPLE ACCOUNTING TIPS FOR SMALL BUSINESSES
Track Your Expenses Properly
Tracking your expenses accurately is an essential for anyone making a living from their artwork. The first thing to consider? It is extremely important to have a firm grasp of what can and what cannot be counted as an expense.
Accounting for artists follows a very similar pattern to other creative businesses. Everything from the likes of your laptop to your easel obviously fall under this remit. However, it is important to bear other factors in mind. For example, any petrol spent driving to and from art shows can be deductible. So make sure that you keep note of your mileage!
Seperate Your Spending
Always separate your receipts for business and personal expenses by creating a clear divide between the two.
Tracking your shared spending gives you more clarity on your tax deductible expenses. Be aware of any expenses incurred that could fall into either your regular business spending or personal usage, like mobile phones or travel costs. This will save you a headache come tax time.
Having a distinct separation between your business and personal accounts will help you track expenses and profits more effectively and avoid complications when it comes to your deductible expenses.
Get Support
Seeking help from an experienced accountant is a common catalyst for small businesses scaling up. And here at Raedan we don’t just crunch numbers. We’re here to empower small businesses like yours.
We make sure your books are kept spick and span, help you save on taxes, and give you the financial insights you need to grow.
If your finances leave you feeling left in the dark then we’re here to be your light. Our expert accountants for small business are ready to give you the financial peace of mind you need to focus on what matters most – building your dream business.
Want to learn more about how our team of accountants can support your small business? Give the button below a click and get in touch with our friendly team.