Accountants tell clients to reduce their overhead costs if they want to increase profits and grow their business. But one such overhead costs is your accounting fees. So, is what you spend with your accountant an overhead expense which needs to be reduced, or is it an investment?
Expenses are costs that can’t be avoided. They are a grudge purchase with very little value add.
On the other hand, an investment is about the return on your spend – what you get back as the benefits of the service; more cash, more time, or simply peace of mind that everything is done as it should be.
We believe our role as an accountant is to provide enduring value to you and your business. It’s no longer just about annual accounts and tax. At Inspire, our core purpose is to ‘improve lives’. To live into this, we provide services such as:
- Tax planning and minimisation
- Wealth creation
- Helping our clients create a business plan to realise your goals
- Profit and cashflow improvement strategies
- Working alongside clients to realise the plan
- Ensuring compliance and tax obligations are met in the most cost-effective way
If you consider what you spend with your accountant to be a cost, then cut that cost.
But if you consider it an investment, you need to invest now more than ever.