Freelance Accountants Can Do What Your Employee-Accountant Cannot!
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Posted On :
Dec-12-2011
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Article Word Count :
502
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Now with the facility of Internet overwhelming the commercial business world, newer concepts have emerged. One such new availability is Accounting Service online, acting as freelancers. In the British tradition, trade and commerce took a prominent seat in the social set up, compared to any other country for that matter. Many countries followed the British Accountancy System as their model, to train the younger generation in matters of management of Accounting Books of any business enterprise.
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Now with the facility of Internet overwhelming the commercial business world, newer concepts have emerged. One such new availability is Accounting Service online, acting as freelancers. In the British tradition, trade and commerce took a prominent seat in the social set up, compared to any other country for that matter. Many countries followed the British Accountancy System as their model, to train the younger generation in matters of management of Accounting Books of any business enterprise, irrespective of the size. This system worked well for generations and even today for fundamentals.
Companies and enterprises appoint along with other departments, separate Accountants and Accounts Assistants, to maintain the Books of Accounts of the Company. This Accounts Department is made responsible for maintaining entries and keeping track of every financial activity of the company like – purchase of materials; stocking and issue to production department; marketing and sales; realization of sale proceeds; bank accounts etc. and preparation of financial statements like Profit & Loss Accounts, Balance Sheet etc. Submission of Tax Returns periodically was also looked after by the Accounts Department.
The above system was sufficient, so far as companies and business enterprises were content with doing businesses locally, or at best inside the British country. But once the Internet came into being, the reach and scope of business houses expanded phenomenally, beyond limitations of country or territory. Side-by-side, the businesses had to face stiff competition from peers in the same business, from other countries with this new exposure.
Hence out of necessity, the strategies and accounts management had to change, giving room for still better financial planning, for cost effectiveness and efficiency in running the business, coping up with the new found horizons. Eventually, they had to find an Accountant online, from out of Accountants in London functioning as freelance Accountants London for advice and consultation purposes, over and above their in-house staff. These service providers of Chartered Accountants in London are thorough with the statues, governing business enterprises in UK.
With their wide range of accounting experience online, serving for many companies in the capacity of Tax Accountant London or Tax Consultants London, they are in a better position to advise business entities on financial planning, tax planning, investments that can save tax payments considerably, more than an employee-Accountant can do. The reason is your Accounts personnel are trained only on Book-keeping procedures, taught to them by conventional schools. Their outlook is limited so far as advising is concerned on financial planning, strategic developments and tax saving methods.
A third-party freelance Chartered Accountant or Tax Consultant from outside the company can have a clearer focus on the new commercial climates obtaining as of date, and appropriate strategies followed by majority commercial enterprises under their portfolio. Plus they are not bound by employer-employee relationship, which is prohibitive of free-flow of advices and consultations boldly, on finance management.
Considering all these put together, you will agree that Freelance Accountants can do what your employee-Accountant cannot.
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Article Source :
http://www.articleseen.com/Article_Freelance Accountants Can Do What Your Employee-Accountant Cannot!_117564.aspx
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Author Resource :
E-Accountants - Leading Accountancy firms in London offers Chartered Accountants in London, Tax Accountant, Find An Accountant, Tax Advice, & Planning, Financial Accounting Services etc.
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Keywords :
Accountants in London, Accountants London, Chartered accountants in London, Find an Accountant, Tax Accountant London, Tax Co,
Category :
Finance
:
Taxes
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