Not sure who to trust for business advice? If you only use an accountant for taxes then you are overlooking an important resource. An external accountant can provide vital knowledge about your industry and its key players.
Just a quick catch-up will give you an idea of how your business is doing relative to competitors. By benchmarking in areas like sales, market penetration, production costs and overheads, you may uncover changes you need to make to improve profitability.
Although taxation remains their bread and butter, modern accountants have evolved into business consultants focused on finding different ways to add value and save you money.
Five areas where they can deliver cost savings include: