{"id":2485,"date":"2021-08-25T11:00:00","date_gmt":"2021-08-25T10:00:00","guid":{"rendered":"https:\/\/kirkwoodwilson.co.uk\/?p=2485"},"modified":"2021-08-25T11:00:00","modified_gmt":"2021-08-25T10:00:00","slug":"business-health-check-how-much-are-you-paying-your-accountants","status":"publish","type":"post","link":"https:\/\/kirkwoodwilson.co.uk\/business-health-check-how-much-are-you-paying-your-accountants\/","title":{"rendered":"Business Health Check &#8211; How much are you paying your accountants?"},"content":{"rendered":"\n<p><em>These past 12 months have been difficult for all of us, particularly those who have been working hard to keep their businesses up and running despite the economic downturn brought about by the Covid-19 pandemic. The one thing all businesses need at the moment, whether an SME or a multinational, is some reassurance that things are improving and that we\u2019ll soon be able to get back to focusing on the things that matter the most. With restrictions lifted there is a collective sigh of relief happening in the business world, but this is no time to rest on our laurels; there is no better time than now to undertake a thorough business health check to make sure that your company is in the right position to take advantage of opportunities. We review below what a small business health check entails and how it could help you.&nbsp;<\/em><\/p>\n\n\n\n<h2>What is a business health check?<\/h2>\n\n\n\n<p>A business financial health check is a service that works to assess how \u2018healthy\u2019 and successful your business is, in relation to where you want it to be.&nbsp;<\/p>\n\n\n\n<p>This kind of service is a great way to find out whether your business is on the right track, as well as understanding the type of growth that you could potentially achieve and some of the things you may need to consider in order to work towards that growth.&nbsp;<\/p>\n\n\n\n<p>A business health check is also a great way of finding out whether your company has potential resale value, and what you could do to improve its market value &#8211; if and when you decide to part with it.&nbsp;Even if you\u2019re not looking to sell, a business that is attractive to buyers is usually a healthy business with potential future value, and something that we all want our companies to represent.&nbsp;<\/p>\n\n\n\n<p>Some of the things we would consider when undertaking a business financial health check include:&nbsp;<\/p>\n\n\n\n<ul><li>Ensuring that you have a strong strategy for growth and development that aligns with your business plan and your vision for the business.&nbsp;<\/li><li>Testing your understanding of who your customers are and how you will work to increase their conversion to new products and their spend year on year.<\/li><li>An assessment of your profits and sales year on year to ensure that the business is growing.&nbsp;<\/li><li>Reviewing the people, systems and processes that underpin your business. We would look at how you currently utilise these resources and whether there are efficiencies that you could make in order to reach their full potential.&nbsp;<\/li><\/ul>\n\n\n\n<h2>Why do you need a small business health check?<\/h2>\n\n\n\n<p>A small business health check is a great way to understand how your business is performing using the perspective of a fresh pair of eyes. We may spot things that you are too close to see, or that you simply don\u2019t have the time to review. Any areas in which we find any potential problems can then be addressed, and we will provide advice&nbsp; on how you can improve your business to achieve your planned growth.&nbsp;<\/p>\n\n\n\n<p>A small business health check can be particularly valuable for SMEs, who often have neither the time nor the internal resources to spare for such a review. If you are already paying for an accountancy service, it may be time to ask yourself whether you are really seeing value for your spend; are you getting the advice you need to move your business forward? Are you paying a monthly retainer for little in return?&nbsp;<\/p>\n\n\n\n<h2>The business health check from Kirkwood-Wilson Accountants<\/h2>\n\n\n\n<p>We understand the importance of making every penny count when you are growing your business, whatever size you are now. That\u2019s why our team offers impartial advice as part of our overall accounts service. Our business health check-ups help you to understand where your business is at financially, as well as what you need to do to secure sustainable growth.&nbsp;<\/p>\n\n\n\n<p>As a family business, we understand the importance of having people around you that you can trust, and how much it means to know that there is someone there to support you through both good and tough times. That is why, through the difficulties of the past 18 months, we have made sure that we have been available to support our clients to help them make the best choices for their business. Can you say the same of your accountant?&nbsp;<\/p>\n\n\n\n<p>Choose Kirkwood Wilson Accountants to support your business growth&lt;<\/p>\n\n\n\n<p>We offer three standard packages which are made up of a range of accounts, payroll and personal tax services, alongside our expertise in business planning.&nbsp;This is to ensure that you can pick the level of support that best suits your business needs.<\/p>\n\n\n\n<p>We put each team member through a training programme to ensure that they fully recognise the importance of working together to provide a package of support for your business\u2019 growth. When you work with us, we not only just complete your annual accounts, file your financial statements and complete payroll, but we also provide business advice as part of your small business health check.&nbsp;<\/p>\n\n\n\n<p>Find out more about how we can help you Why not visit our <a href=\"https:\/\/kirkwoodwilson.co.uk\/packages\/\">accountancy packages<\/a> page to find out more about our available services and how we can integrate business health checks to make your business work for you? If you\u2019re interested in learning more about how a tailored accountancy package could work, then <a href=\"https:\/\/kirkwoodwilson.co.uk\/contact\/\">speak to one of our team<\/a> at Kirkwood Wilson Accountants to find out more about the services that we offer.&nbsp;Call us today on +44 (0)1704 546 000 or fill in our <a href=\"https:\/\/kirkwoodwilson.co.uk\/contact\/\">contact form<\/a> and someone will be in touch shortly.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>These past 12 months have been difficult for all of us, particularly those who have been working hard&#8230;<\/p>\n","protected":false},"author":2,"featured_media":2592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Health Check | Kirkwood Wilson Accountants<\/title>\n<meta name=\"description\" content=\"Now, more than ever before, a business health check is vital to your success. Find out more about our business financial health checks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kirkwoodwilson.co.uk\/business-health-check-how-much-are-you-paying-your-accountants\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Health Check | Kirkwood Wilson Accountants\" \/>\n<meta property=\"og:description\" content=\"Now, more than ever before, a business health check is vital to your success. 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