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Many see an accountant as merely a bean counter, coming along after the event to tell you the score. A good accountant on the other hand has much to offer a start-up, from acting as a business mentor, coach, independent sounding board and reality check, to helping to pull together a business plan, undertaking scenario planning, ensuring tax efficiency and ensuring the business is properly and appropriately financed.


Prevention is better than cure


Having a good accountant alongside for the journey can help avoid the pitfalls that so many businesses fall victim to, and ensure tax efficiency. Prevention is definitely better than cure, because in some situations, trying to remedy something after the event is simply too late.


For example, if you set up and run your business as a limited company, there is little that can be done later when it transpires it would have been more tax effective to have set up as a sole trader or partnership.


At Old Mill we provide a complete service; we are not just accountants, but also business advisers, financial planners and tax specialists.


“... 35% of new


businesses don’t have a business plan and a massive 63% have no formal accountancy relationship.”


Yes, there is wealth of information on the internet for small businesses looking to put together a business plan and get information on tax and other issues, but this can’t replace the business acumen and experience of having your own accountant and business advisor who has a genuine interest and passion in seeing your business succeed.


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