For ordinary mortals, accounting firms only deal with accounting, tax and legal issues for businesses. But as we will see in the following, their skills go well beyond that… Indeed, whether it is a question of helping a company manager to find agile solutions, to build a business plan or to optimize his taxation, the chartered accountant wears many hats.
Within a company, it is common for the human resources department and the accounting department to be overwhelmed by the heavy workload. When editing payslips, it is common to see errors slipping into them. However, the latter can create a real earthquake within the company: employee dissatisfaction, control of the URSSAF or even significant financial losses. To simplify your life, to gain flexibility and practicality, you might as well outsource the company’s payroll. And precisely, this mission can be entrusted to an accounting firm whose advanced skills will help you save money. And if you are seduced by the idea of outsourcing your payroll, click here for more information.
Do you have doubts about the sincerity of your accounts? Do you suspect your accountant of fraudulently subtracting money from your cash register? To get to the bottom of it, you need to involve an accounting firm. The latter will use all of your data, carefully examine all the accounting documents and check the entries of the accounting entries in order to detect the slightest anomaly. As an external stakeholder, the chartered accountant is able to act in complete transparency while demonstrating the greatest impartiality. And this, for the benefit of the manifestation of the truth.
Taxation is a thorny issue for many businesses. In addition to having to file tax returns, they must pay numerous taxes and duties each year. And depending on the size of the company, its legal status and its sector of activity, taxation is not the same. To better manage your taxation, you might as well use the services of an accounting firm. He will take care of settling all tax issues related to your business, assisting you in the event of a tax audit and finding the best solutions to reduce your taxes legally.
Do you want to expand your activities abroad and are you looking for financing solutions? To increase productivity, do you want to renew your machine park? Whether you are a small business or an industry giant, the support provided by an accounting firm is to your advantage. Beforehand, a team of experts will assess your financing needs with precision.
Subsequently, your accountant will select the financing solution best suited to your needs: bank loan, fundraising, business angel, etc. Once this step is completed, your firm will send your project to various banking organizations and potential investors. Similarly, you will benefit from personalized coaching to prepare all your arguments and submit them to funders.
Is it wise to revise employee compensation upwards? Do executive bonuses need a readjustment? Does the company have an interest in opening a branch abroad? Apart from its traditional missions of auditing and control, the accounting firm plays a decisive role in terms of advice. Indeed, the chartered accountant helps the company to make the right decisions. It formulates opinions and recommendations that will enable managers to improve their productivity, profitability and performance.