A company can call on a chartered accountant at every key moment in its life. At the time of the company’s creation, the chartered accountant can bring a decisive help to the project. He will carry out a mission of support for the creation in which he will implement multidisciplinary skills: legal, accounting, tax, and social. He will thus be able to determine the most appropriate legal status (company or sole proprietorship), choose a social status for the manager (employee-like or self-employed), identify the most advantageous tax system (income tax or corporation tax), etc.
Then, during the company’s life, the accountant such as Susan Lewis CPA firm for example can monitor the accounts by supervising the bookkeeping. Different missions exist, the best known being the mission of presenting the annual accounts. Beyond that, it can also offer additional services in legal matters (formalities related to general meetings), tax (preparation of tax declarations), social (formalities generated by the entry or the exit of employees, etc.), or economic (establishment of financial forecasts and dashboards).
Finally, in the event of a sale or takeover of a business, the accountant can also support the manager and his business. He will thus place himself on one side (seller) or the other (buyer) to optimize the whole process. He is particularly competent in auditing the accounts of a target company, writing a letter of intent, and negotiating the sale price. Moreover, he will know which device(s) to apply to minimize the tax impact of an assignment.
Why Hire An Accountant?
Hiring an accountant has a multitude of advantages. This is why it is generally recommended to use it. First, the chartered accountant secures the company and its manager. It establishes a secure framework in compliance with the laws in force, thus guaranteeing sustainability. His multidisciplinary knowledge allows him to be competent in the accounting, legal, tax, and social fields. His work must be documented, and he must follow specific training each year to maintain and develop his skills.
In addition, he makes every effort to ensure that the company (and its manager) makes the right decisions at the right time. This means that he will find the solution best suited to the situation he encounters. The issues can relate to different themes: tax regime, legal status, exemption or favor arrangements, etc.
Thanks to his intervention, the manager or company manager manage to free up the time he can devote to developing his activity. This allows him to focus on his core business and tackle the tasks he is helping with. Finally, an accountant allows the company to gain credibility and possibly benefit from its network.