People think that an accountant is not required while starting a business. But they are unaware of the thing that an accountant only will set the accounts and will file the tax returns when businesses will be set up. So it is very important to have a CA in the company from the very first day of the startup.
The responsibilities of a CA can be handled by him only, no other person can do it as it needs experience. A CA will always do his work on time let it be the registering of the taxes or tax compliance. And a well educated CA will not only help you with the accounting things but will also help in other fields.
Before hiring a CA to check all the requirements you want from him. Ask them whether they have professional indemnity insurance or not and many things related to them. And also remember that you must ask them for the contact number, email address and postal address and all these must be verified.
Given below are the reasons why to hire a CA while starting up a business-
Provides Business Plan
A brilliant business plan supported with a cost-effective tax plan will provide a platform to a company on which a business can be started and it can be ensured that there is no unexpected cost around the corner. When the business is new, then the main thing to focus on is the promotion and selling of services or products. Notice all the activities that are being performed carefully before starting the trading. A CA will always provide you a way by which you can understand where you are going wrong in the business and what you have to do about it especially about the tax.
Also, one could head start with the online website by choosing best professional chartered accountant website templates services being provided by many CA Portal kind of companies which would further help you in maintaining your digital presence across the globe.
Provides Financial Advice
Money plays a very important role when you are going to start a business or expand it or you are failing in the business i.e. in every aspect. Without money, you cannot think of starting a business. And for this, a CA is very much needed as he will provide you with the best calculation and ideas from where the money can be taken.
Having an educated and knowledgeable CA helps you in every aspect of your business. It is a tough decision to choose a CA but when you get a well qualified CA then it will help you for many years giving growth to your business.
Author Bio
Hi Caakhil,
Thank for share your own experience.I think this article is helpful for every company owner who wants to set up a business in India