Why Small Businesses Need to Hire Freelance Accountants?

Even though they’ll usually only work for you on a short term basis, a freelance or contractor accountant could do much more for your business than you might think. Here are 2 very important reasons why your business should consider hiring an accountant on an ad hoc basis.

Accountants can be hired ad hoc to reduce workforce costs:-

Businesses which hire freelancers can often find more talented and better qualified to address their needs—typically at lower costs. While hiring a permanent, full-time accountant would require a yearly wage and benefits, hiring a part time or freelance accountant on an ad hoc basis can help you curb costs of funding a workforce when you’re a small business.

Choosing how and when to use a part time or freelance accountant, such as near to the end of the tax year rather than keeping them on all year round, will save your outgoing wages by a considerable amount. Remember, you can always carry out accounting work for your business yourself, then use a freelance accountant to check it’s all correct before making any financial submissions or setting targets.

Freelancers are happier, so work harder:-

A recent freelancer happiness survey has shown that “although freelancers work longer hours than their employed counterparts, they are much happier.” While staff happiness if always an important part of a business success, for smaller companies or startups it can feel like a lower priority as you fight to establish your brand.

The advantage with freelance workers being happier is that they’ll be more productive Meaning, even if you’re only hiring them for a few hours or days work, they’ll make much better use of the time. Alternatively, if you are hiring them for projects, they’ll be more willing to put in extra hours where they need to to ensure it gets done.

Of course, all of this increased positivity is something you’d want to instill in you own team. But it’s easier with freelancers, especially accountants, as they’ll be largely working remotely and won’t feel as pressured by the business’s overall success.