Why do business owners need a CIMA Accountant

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Overview – Why do business owners need a CIMA Accountant?

This essential guide summarises why a Chartered Management Accountant is the best type of accountant for your business.

Are you a start-up entrepreneur? Have you really covered off all bases, before investing your hard earned cash into your new venture?   Did you realise that over 50% of all new startup businesses fail in their first three years? Don’t be one of them.

To give your business that all important edge and the very best chance of winning out over the competition you need the help of a CIMA (Chartered Institute of Management Accountants) qualified accountant.

 

Starting out

Chartered Management Accountants are superbly-equipped to help you take the leap with confidence. They can assist with fundamentals like:

  • Creating that all-important business plan and model
  • Obtaining finance, investment and loans
  • Advising on business structure, shares and shareholder agreements
  • Choosing the right accounting and business software and systems
  • Creating a cash flow forecast
  • Helping you to understand your legal duties

 

Building up

As you start trading and building a customer base Chartered Management Accountants will be able to advise you on:

  • Managing relationships with banks and investors
  • Budgeting and forecasting , developing KPIs and good management information
  • Product/service pricing
  • Tax compliance – PAYE, National Insurance, VAT and Corporation – tax to ensure you pay the right amount at the right time and avoid those sleepless night
  • Pensions – auto enrolment and what it means for businesses

 

Getting established

As you grow a Chartered Management Accountant will work with you on:

  • Growth strategies
  • Funding growth
  • Research and development
  • Decisions on whether to buy or rent premises and equipment
  • Managing the cash flow cycle

 

CIMA Accountants have worked in business, they understand from the inside what running a business is really like and how to make it successful because they have done it for themselves.

 

At KMA Accountancy we can help you every step of the way. For more information give us a call on 0845 3370 572.

 

 

Disclaimer This article is for general information only and no action should be taken, or refrained from, as a result of this information. Professional advice should be taken based on specific circumstances in each individual case. Whilst we endeavor to ensure that the information contained in this article is correct, no liability will be accepted by KMA Accountancy for damages of any kind arising from the contents of this communication, or for any action or decision taken as a result of using any such information

 

 

Get in touch

0161 410 0020
info@kmaaccountancy.co.uk

KMA Accountancy
Progress House
17 Cecil Road
Hale
Altrincham
Cheshire WA15 9NZ

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