Five advantages of hiring the services of an accounting firm

Posted by Allexandra Dianuli on January 15th, 2021

If you are an entrepreneur of a small, medium or large business, you seek to make it profitable and prosper by putting in all the effort, creativity and initiative needed. It requires planning, having vision, taking risks and carrying out tasks that demand time, perseverance and, above all, good reflexes to change course when the environment and the actions of the competition demand it.

1. More time available for business strategy
A business owner's efforts should be aimed at generating profits, being more efficient, discovering areas of opportunity and expanding their horizons through new markets, strategic alliances or the creation of different partnerships that complement the one they already have. But how can you do this if you are immersed in accounting services for Spain?

It is impossible for an entrepreneur to develop new ideas if he is always concerned about understanding the numbers of his operations or how his tax obligations were assessed. Many times with a high degree of frustration, because he wants to assimilate even the smallest details in a field that is not usually his specialty.

What the business owner least needs is to become a multi-faceted character who takes care of all the activities that his company requires to be in a competitive position within his field. You can't afford to be so squeamish that you want to have first-hand control of everything related to your business transactions.

An entrepreneur needs to interpret the key figures and indicators of his financial statements, it is not essential to know how each item was calculated. He does not need to know how the accounting and tax universe works.

Therefore, the services of an accounting firm such as DonContable free him from that activity that hinders the function that demands his greatest efforts: managing with good judgment to make your company produce profits.

2. Lower personnel costs
Having a staff accountant is often more expensive than hiring the services of an accounting firm. An employee implies not only a salary, but also a vacation, a bonus, social security contributions, payroll taxes and other benefits that are usually stipulated by law.

An accounting firm such as DonContable eliminates all these expenses since it is a separate entity that takes care of its own members, and there is no labor bond (in a strict sense as an employer-worker) between the company that provides its services and the one that hires them.