Starting up a business is not an easy task. If on top of finding new clients and work on the business, you have to handle invoices and taxes, difficulty increases. Moreover if we take into account the frequent changes in legislation.
This is the reason why most business and financial experts, as well as successful entrepreneurs, recommend delegating this job to professional tax advisers. They are update as far as understanding the details of tax and labour legislation and also accounting norms.
Bear in mind that knowing the legal framework where your business operates depends to a large extent on the permanent modifications on the legislation and its interpretation, which sometimes could be ambiguous. Handling correctly your finances and taxes will prevent you from additional expenses due to fines and can help you to minimize your cost thanks to a efficient accounting management and a proper tax planning.
That is the reason why the safer and more reliable option is to trust the know-how of experts in that matter. If you are not using the services of a tax adviser yet or you thinking of changing your current one, you should take into account several aspects in order to hire the right one:
- Money is important, but experience is even more. Trust anyone could be counter-productive, so best thing to do is to hire an expert for it. Economists and lawyers are well aware of legal and fiscal matters that have to do with your business.
- Search for, compare and hire the best one. Ask for several quotes but take other aspects into account, such as the advice firm trajectory and if possible, ask for references about their performance to other freelances and small businesses.
- An easy communication channel is another important factor. You should be able to contact your advisor in person but also through telephone and email, for more routine tasks.
- The added value makes the difference, so best option is to count with an advisor who keeps you informed and provides any explanation you need, even if you do not ask for it. A good advisor will guide you to achieve best results to your business.
“Interdependent people combine their own efforts with the efforts of others to achieve their greatest success”.
Stephen Covey.