I'm a sole trader – do I really need an Accountant?

I'm a sole trader - do I really need an Accountant?

There is no mandatory requirement for sole traders to use an Accountant but you should not rule out the support of an accountant entirely!

Starting a business is a challenge for anyone and if you’re starting a business from scratch, the outlays can be high and you don’t want to invest in any more than the absolute minimum. If you want to save both your sanity and money in the long run it’s crucial to get the foundations of your business right from the start. Having healthy financial habits from the beginning is essential as you grow your business.

Most small business owners can manage their own bookkeeping and payroll. It might not be the most exciting task but you may not have the time to make sure they are kept updated regularly and accurately so it’s a good idea to talk to an accountant to find out how they can support you with this.

Tax returns can be a nightmare and it’s ok to admit you’re not 100% sure that you are doing it correct. All those receipts piling up can be a headache, what you could or should be claiming for is always the question you are asking yourself. We’re here to support you with that too.

So now your business is thriving… you’re thinking of taking on an employee or two. You are also reaching the VAT registration threshold. Don’t be scared, we are here to help you decide if it’s worth setting up a limited company. An Accountant can support you in all these areas.

What other support might you need?

There are many other ways in which an Accountant can provide small business owners with support:

  • Help to identify ways to save your business money

  • Support with cash-flow and budgeting

  • Assistance with the preparation of funding and grant applications

  • Helping you gain clarity on what your numbers are telling you, enabling you to be proactive in your business and not reactive

Book a discovery call with us today and we will be more than happy to assist you with your accountancy requirements.

Email info@cobtax.com

Sinead Carroll

Mini Media delivers Digital Marketing and Social Media Solutions as well as Web Design for small to medium size businesses. We help clients get online, develop and use social media platforms to target their markets and develop their brand, as sometimes you simply may not have time to do it yourself.

We take the marketing headaches away to allow you to focus on your key business. My team and I can give you the tools and techniques to create a clear, organised plan for your business. We can assist you in starting small and building a marketing plan that will give you a return on your investment.

No need to feel overwhelmed, let Mini Media take your business from Bricks ’n Mortar to a successful online business. Start with creating a modern, responsive, fully functional website and see how you can start attracting and engaging with new customers through social media and email to get more word of mouth referrals.

Mini Media can provide a number of services, including Digital Campaigns, Content Marketing, Email Marketing, Social Media Management and Consultancy, Web Design, and E-Commerce Solutions. We are based in Galway but service clients across the country.

To build your online presence, get more traffic, convert more leads and grow your business contact us today for a free consultation on (083) 1022553 or email minimediairl@gmail.com.

Office: (091) 565953 | Conor O’Boyle, Managing Partner: (087) 8106060
Email: info@cobtax.com

Hours of Business; Monday – Thursday 8.30am - 5pm ; Friday 9am-1pm