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SpinDistribute.com Article Directory

The following article was published in our article directory on September 26, 2010.
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Outsource Your Accounting

Article Category: Advice

Author Name: Ryan Shaw

If you are looking to find some more hours in your working week, it may be time to consider outsourcing your accounting work.
Many start up businesses look after their own accounting, at least in the early days. This can be very useful as it helps develop an understanding of the financial matters at the heart of your business. However, as the business starts to grow it makes sense to outsource this very important work elsewhere so that your time can be spent on other parts of the business.

Obviously you need to look for an accountancy firm with an excellent reputation and plenty of experience and the team at Staffords Chartered Accountants fit the bill perfectly. Established back in 1987, Staffords have built a strong reputation on their commitment to high standards and friendly approach.

From their state-of-the-art offices at Capital Park in Fulbourn, on the southern edge of Cambridge, Staffords look after a wide range of clients, from start-ups and individuals with small investment portfolios to large professional partnerships and companies with turnovers in excess of £10 million.

Staffords primarily work across 4 sectors:

• Technology – businesses operating in life sciences, biotechnology, software, engineering, electronics, telecoms and other technical sectors
• Business services – corporate customers across all market sectors
• Charities – including not-for-profit organisations and the voluntary sector
• Private clients – individual and Trust clients

To fully support you and your business, a comprehensive range of outsourced services will be made available to you, offering you flexible and practical solutions in areas such as financial management, business strategy and planning, tax planning, compliance and management accounting. Staffords use a departmental structure to so as they can provide a more focussed service to each of its clients.

Far from being a more expensive option, outsourcing some or all of your accounting to Staffords can actually reduce costs, increase efficiency and add value to your business.

Staffords Chartered Accountants have an extensive and well-established track record of helping charities and not-for-profit organisation across a wide range of sectors maximise their finances. Regulations pertaining to this sector have undergone a number of changes recently and have become increasingly complicated. Keeping up with these changes and statutory requirements can be difficult and time consuming but Staffords can help.

In the current climate with reduced funding options, many organisations are turning to grant applications as the way to fund specific projects. This type of funding has conditions attached, not least the auditing of grant awards. It is part of the belief system at Staffords to ensure that charities and not-for-profit organisations establish the appropriate systems and have the internal controls in place making certain they are able to fulfill their statutory duties in a timely and accurate fashion.

The idea of outsourcing should not be viewed as relinquishing control of a part of your business but instead as a positive step in taking control over your finances. Outsourcing will guarantee you more time to concentrate on the thing you do best... running your business.

Keywords: Accountant, accountant cambridge, accountants, tax advice, paye advice

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