Tax & Accounting News

Outsourcing Solutions

15/01/2009

Running a business involves juggling dozens of different demands every day, so finding the time and resources to deal with day-to-day financial matters, like bookkeeping and payroll, can represent a real extra burden of business owners and managers – particularly in today’s challenging economic times.

More and more businesses, including overseas businesses setting up in the UK, are finding that outsourcing – employing external specialists to deliver these services – is an efficient, cost-effective alternative, says Barry Lewis, senior partner at Harris Lipman.

Barry says: “Good quality bookkeeping is essential for any business to function efficiently. Keeping track of the money coming in and going out is crucial to managing cash flow and ensuring that it is positive rather than negative.

“And in the current economic climate, good debt management is essential. Professional bookkeeping services will keep you up to date on where you stand with your financial commitments, so you’ll be able to make payments on time – to keep you on good terms with suppliers – and chase any payments at risk of becoming overdue.

“Paying your staff correctly, and on time, must also be a top priority for any business, not just to keep your staff happy but to make sure tax and other deductions are correct, to keep you compliant with HM Revenue & Customs.

“Outsourced solutions like those we offer at Harris Lipman provide peace of mind that your important financial matters are in the hands of experts, leaving you free to focus on business development, while delivering value for money services that save on the cost of in-house resources.

“You’ll find other benefits too. You don’t have to worry about cover for staff sickness or holidays, because our team is always there, or invest in upgrading computer hardware or software. Our outsourced financial services are also part of a comprehensive range of accountancy, business advisory and tax resources, giving you access to these additional resources if you need them.”  

For further information or advice, please contact us.

 

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