What Do Accountants Do?

What Do Accountants Do? | Barnett & Co Accountants

When people think of accountants, tax returns and spreadsheets usually come to mind. While those are important, the role of a professional accountant goes much further. At Barnett & Co Accountants, based in Crewe, Cheshire, we provide clear, tailored financial support to individuals, start-ups, and established businesses across the UK. From tax compliance to business growth advice, here’s a closer look at what accountants actually do.

1. Keeping Accurate Financial Records

Strong businesses are built on reliable numbers. Accountants maintain accurate financial records, ensuring every transaction is recorded correctly. This process, often referred to as bookkeeping, allows business owners to clearly see their income, expenses, assets, and liabilities. With organised accounts, companies can make better decisions and stay prepared for HMRC reporting requirements.

2. Ensuring Compliance and Managing Tax

UK tax rules change regularly, and keeping up can be challenging. A professional tax accountant in Crewe can help by:

• Preparing and filing personal and corporate tax returns.

• Advising on allowable business expenses and deductions.

• Managing VAT returns, payroll submissions, and Corporation Tax.

• Avoiding fines and penalties through timely compliance.

With expert support, clients save both time and money while reducing stress around deadlines.

3. Offering Business Advisory Services

Accountants are not just historians of numbers; they are also advisers for the future. By analysing financial performance and forecasting trends, accountants can:

• Identify opportunities to cut costs and improve profits.

• Help manage cash flow for small businesses.

• Provide strategic advice to guide growth and investment decisions.

This kind of guidance helps business owners achieve long-term stability and success.

4. Preparing Year-End Accounts and Reports

Every company must produce year-end accounts in accordance with UK law. Accountants prepare these reports to reflect a true and fair picture of financial performance. These accounts are essential for:

• Meeting Companies House and HMRC requirements.

• Supporting applications for loans or investment.

• Giving directors and shareholders confidence in their financial position.

5. Supporting Start-Ups and Entrepreneurs

Starting a new business can be overwhelming. A local accountant in Crewe can simplify the process by:

• Advising on the best business structure (sole trader, limited company, partnership).

• Registering with HMRC and setting up bookkeeping systems.

• Offering proactive advice to manage early growth and cash flow.

This support allows entrepreneurs to focus on running their business while staying compliant from day one.

6. Providing Peace of Mind

Perhaps the greatest benefit of working with an accountant is the reassurance it brings. With professional support, clients know their financial matters are handled correctly, leaving them free to focus on what they do best — whether that’s managing a business, planning for the future, or growing investments.

Why Choose Barnett & Co Accountants?

At Barnett & Co Accountants, we combine expertise with a personal approach. Whether you need accounting services in Crewe, help with UK tax compliance, or tailored advice for your business, we are here to guide you every step of the way.

📍 Office Address: Electra House, Electra Way, Crewe, CW1 6GL
📧 Email: info@barnettandco.uk
📞 Phone: 0345 646 1516