Self-employed workers face a heavy workload. Between the development of the activity, the follow-up of customers and the production of orders, they often have very little time to devote to bookkeeping and accounting.
In addition, they are not necessarily competent in the matter and are exposed to the risk of error and delay in deadlines by being monopolized by their activity. The solution? Hire an accountant who will ensure accounting monitoring, optimize taxation, and bring his expertise to best advise the client.
The accountant secures the bookkeeping and accounting of the self-employed worker
The accountant knows both the obligations that self-employed workers must meet and the constraints they encounter. Keeping the accounts of many clients, he knows how to optimize the processes of structures on a human scale and effectively support self-employed workers.
• Mastering the process of starting a business, he supports his clients and saves them time and money. He is competent to verify the conformity of the status of the self-employed worker according to his situation and ensures compliance with the rules of registration on the GST and QST files as well as those concerning taxes on specific products.
• He offers a rigorous follow-up of accounting and taxation, because he knows all the rights and obligations of self-employed workers as well as the schedules to be respected both with regard to declarations and payments. It thus avoids late declarations, errors, penalties and interest on late payments. He knows which registers are mandatory, and in general, what documents a company must provide or keep available to the competent authorities.
• The accountant knows the tax advantages and in particular how to allow his client to benefit from the tax credits reserved for individuals and to spend the operating expenses of the company, travel expenses, accommodation or purchase of equipment, in order to reduce the personal taxation of the self-employed worker.
Its intervention allows the self-employed worker to better manage his activity. The accountant is an bookkeeping and accounting specialist: he manages these tasks faster and more efficiently than the self-employed person. In addition, it frees him up time, allowing him to devote himself better to his activity. As for the cost of services to be paid to the accountant, it is largely amortized by the elimination of the risk of errors and the turnover generated thanks to the time saved.
• Available and attentive, he gives the client the benefit of his experience with other independent workers by providing relevant advice on management and rationalization. It can also advise self-employed workers to modify their corporate structure if this development is beneficial to the activity and enables their taxation to be optimized.
• The accountant also assists the client to respond to requests related to administrative controls, such as revisions of declarations or verifications, or to make appointments with the relevant authorities.
• As the self-employed person does not have a partner, it is sometimes difficult to manage everything alone. The support of an accountant allows you to benefit from an outside perspective from a specialist in permanent contact with self-employed workers who, knowing both their strengths and their difficulties, provides good advice.
The accountant’s interventions provide considerable help in the management of an activity and constitute real added value for the self-employed worker. Hiring an accountant allows him to secure his accounting, optimize his taxation, and the expenses incurred are offset by the savings in time and money generated.