As the COVID-19 pandemic continues to unfold, the British Government unveils schemes and plans aimed to tackle the financial fallout of restrictions and lockdowns. The self-employed are some of the hardest hit by social distancing measures and other responses. Unlike those with a more conventional job, Brits who freelance or are self-employed likely do not have the option to go on furlough. As a result, the British Government has developed the Self-Employed Income Support Scheme. This scheme aims to support self-employed persons whose profits have been substantially affected by restrictions related to COVID-19. An accountant in Epsom can help you understand if you are eligible for this scheme, as well as claiming any relevant grants.
There are certain criteria you must meet to receive assistance in connection with the SEISS. This is partially due to the fact that the scheme has already been running in some form for several months. As a result, this is the third opportunity for many self-employed Britons to claim a grant. To qualify, you must now demonstrate that your business is still impacted by COVID-19. If you are unsure of how to do so, you may want to consider working with an accountant in Epsom to put together a claim. You must show that you are trading but with profits affected by COVID-19 or have been trading but are currently unable to do so as a result of COVID-19.
One accountant near Epsom that has already helped other Britons with putting together a claim under the SEISS is David Beckman & Co. Ltd. The firm has continually adapted its approach to providing accounting services and support throughout the COVID-19 pandemic, and this is no exception. Consider reaching out to a professional accountant if you are self-employed and struggling due to COVID-19 restrictions to explore your options.
Most entrepreneurs know that they need help when it comes to bookkeeping, advice about the business, and much more. Hiring an accountant in Epsom is the best choice because they can save you a lot of time. You have endless tasks to do each day; if you don’t complete them, you can’t grow and expand or beat your competition. Accounting tasks, which include bookkeeping, tax returns, recording receipts, and setting your financial goals, are essential to your business. However, it takes a lot of time to complete them, especially if you aren’t familiar with these aspects or don’t have the tools. Accountants do have the skills and tools needed to do the job.
An accountant in Epsom can also help you keep costs low. Owning a business means spending money; you have to pay for utilities, leases, and everything else while making sure that you have money on hand for other needs. Accountants can help you create a budget and help you stick to it. They can also go through your financials to see where you can cut costs. Along with such, accountants can also keep track of automated payments; you may not realise that you’re still paying a loan that was paid off and the lender isn’t likely to tell you that. However, your accountant keeps track of it to ensure that you don’t overpay.
David Beckman & Co Ltd has a variety of professionals on staff to help you with your accounting needs. When you work with an accountant in Epsom, they work hard to develop a professional relationship with you so that they can understand your business needs and help you reach your goals. They stay up to date with the latest business and tax issues so that you don’t have to do so. You focus on running your company, and they help with all the financial aspects.
Accountants usually have an unfair reputation because they aren’t popular in most social and work-related circles. Most of the time, it comes to the fact that people don’t know what they do and why they’re essential for businesses. An accountant in Epsom prepares, analyses, and checks your financial affairs. They check that you’re operating legally and following the laws/rules, but they also advise you on what you can improve and what is working well. If you’re having financial difficulties, they can offer advice on how to improve these situations.
When you focus on hiring an accountant in Epsom, you should look at what they do to determine if you need one, but you should also look at the benefits of hiring them. Many times, entrepreneurs think that they don’t need a professional or that they can’t afford it right now. However, accountants can save you money. If you fill out a form incorrectly, you could be penalized with a fine and may have a lesser reputation because of it. Along with such, you must still follow all the rules, even if new legislation comes out of which you are unaware. Not knowing about the new rule doesn’t give you carte blanche to ignore it.
At David Beckman & Co. Ltd., they are a firm of chartered accountants who are there to build rapport with you to understand your business and personal needs. You tell them what your goals are and they can help you achieve them. They also keep up with all the business and tax laws and issues that could impact your business, which means you don’t have to deal with these worries and can concentrate on daily operations and expansion. Hiring an accountant in Epsom is an excellent way to save time and money, as well as streamline your finances.