Here in France it’s tax season and questions abound in groups on social media:
It’s the time when business owners have to make sure that they know their total revenue for the previous year; whether they made a profit or a loss, and ensure that their accounts are up to date. It’s the time they have to stop being an ostrich and really look at their numbers. I’ve heard of business owners who hit the VAT limit in September or even before, but didn’t realise until weeks or months later, leaving them to send some awkward emails to the tax office.
VAs can help business owners with so many aspects of business management and one of these is bookkeeping so let’s look at 5 ways a VA / bookkeeper can help:
Bonus: a VA can also keep track of other numbers in your business, like website analytics or social media statistics.
Investing in a VA to streamline the management of the numbers in your business is a no-brainer, and can save you so much hassle when the time comes round to file your taxes. A VA can also keep up to date with any changes in procedure and add the filing dates to your agenda, so that you’re always ahead of the game.
A VA can also support you in applying a methodology in your accounting, such as profit first, helping you stick to the commitment you’ve made and providing a welcome accountability partner.
If you don’t already have a VA helping you with the numbers in your business then I’d love to chat about how My Bilingual VA could support you. Send me an email via my website or drop me a message via my profiles on social media.
NB. If you’re in the UK, then your VA will need to be registered with HMRC in order to comply with local AML regulations.
Photo by Micheile Henderson on Unsplash