Many small businesses owners don't realise that a staggering percent of businesses fail within the first 18 months. Typically, one of the main causes is having poor financial management. Despite these dire consequences, many business owners go it alone when it comes to managing their money. A recent report found that 53 percent of small business owners don’t use an accountant at all. While we shouldn’t jump to the conclusion that these businesses are worse off for not having an accountant, we can’t underestimate the breadth of knowledge and experience an accountant can provide. For example, most people don’t service their cars at home. Instead, they take them to a professional mechanic who can keep things running smoothly and spot potential issues. Small businesses need just the same attention from professional accountants in North Wales . Accountants do so much more than just tax filing. They can take a comprehensive assessment of your finances and create a forecast through the ye...
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