What did your close, wise relatives and friends tell you when you shared with them your intention to start your own business?
No, we are not asking you about the few people who have supported you. They are clear. They are always there to support you.
Our question is about the multitude of advisers who have told you, where roundly, where directly, that your idea is doomed.
Were there among them opinions like “It won’t work, it doesn’t make sense, what do you need a vineyard for, the risk is great, now is not the time, don’t do this …” or straight “Give up!”?
There were such people, weren’t there? There were such reactions, weren’t there?
But if you’re reading this blog post now, it means you didn’t listen to them, you listened to yourself and created your company.
Congratulations on that!
If I may, we have one more question for you. Actually, we have many questions, but that is what we accountants are. We’re always asking our clients, “What is this payment? What is this invoice?” and many more like that.
In fact, at what point did you realize you needed an accountant?
We have not done our own research on this topic, but in general the practice at CORRECT ACCOUNT CONSULT has shown us that our clients spend more time coming up with their company name than choosing an accounting firm to serve them.
Almost always, at the time of setting up his company, the entrepreneur has not yet thought of us.
With the help of a lawyer, possibly, he has already registered his company and owns his business according to the laws of the Republic of Bulgaria.
They may have already purchased a domain, paid for hosting and have a company website. He’s probably handing out business cards, too. And make a business plan. He hires capable and motivated employees to turn his team into a machine.
But even at that moment, I don’t know why, he didn’t think of us.
The first customers appear. The first deals happen. Business takes off and the dance of income and expenses begins before the eyes of its owner.
So the first month expires.
The time for salaries, insurance, taxes and other expenses is coming. The first folders of documentation appear in the office.
Then the second month … The folders are getting huge …, not just because e-government is still in its infancy in the country. It just happens.
More folders … and new, and new bills, payment orders …
When did you realize you needed an accountant? When you get hard? When it got heavy? When did you lose the end?
The old people say “When the cart turns, there are many roads”… but the right road for your business is actually only one… To get on it, however, one of the conditions is to have a good accountant at the start of your business journey.
Because your accountant will not only stop the chaotic accumulation of folders in your office.
Not only will it help you to be an honest taxpayer with the state, it will point the way to cost savings, for example.
And you know what the best part is? All this will happen with the help of the law.
If you compare your business to collegiate sports like football, basketball, handball or volleyball, for example, then your company should be built like a team of which you are the captain.
Well, a good accountant is a very important part of that team. Probably part of the coaching staff. It will teach you how to play well even without the ball, even at times when you are losing on the scoreboard, i.e. when your company has accumulated liabilities.
If you have a competent accountant on your team, he won’t let your company get into a debt spiral because he will warn you of the coming storm long before it hits.
To avoid such shocks, you should create a budget and stick strictly to it.
And that can only happen if you are disciplined and have a really competent accountant on your team.
Get used to the idea that he will know everything about your business at any given moment. Unlike many other people, he will know to the penny your personal remuneration because he will have told you what you can afford at the end of the month if you receive a salary or at the end of the year if you receive a dividend.
And since we mention team and team several times, it is your accountant who will be of help in setting up and organizing your team.
At the very least, it will give you an indication of how much it would cost you in terms of costs to hire a particular employee and how much you can afford to pay them.
Put another way, it has a view, from all perspectives, of the vast world in which employment contracts, salaries, insurance, paid annual leave, sick leave, maternity leave, bonuses, deductions, taxes, and all that piles up in your office files exist
Do you know why good and successful companies are rarely subject to tax audits? Because they have good accountants and proper documentation.
The state has nothing to check you for if you are exemplary and upright.
Think of your accountant not as a cog in the wheel of your business. Think of it as an important and integral part of your business success.
The moment you choose the accounting services of CORRECT ACCOUNT CONSULT, you have already taken an important step towards success.
Because your success is our success.
And we work together as a team to achieve it.