Insights

5 Reasons Why Your Small Business Needs a Professional Accountant

 

Running a small business comes with many challenges—from managing day-to-day operations to keeping up with customer demands. But one of the most critical areas often overlooked by small business owners is financial management. That’s where a professional accountant can make a real difference.

At Prime Accounts Manchester, we work with small businesses across Greater Manchester to simplify their finances and help them grow with confidence. Here are five key reasons why hiring a professional accountant is one of the smartest decisions a business owner can make.

HMRC Untaxed Income – 5 October Deadline

The 5 October 2025 deadline is approaching for notifying HMRC of untaxed income from the 2024–25 tax year. This applies if you earned income outside of PAYE, such as self-employment, rental property, investments, or cryptoassets.

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Making Tax Digital (MTD) for Income Tax

Making Tax Digital (MTD) is the UK government’s initiative to modernise tax reporting. From April 2026, it will apply to self-employed individuals and landlords whose annual turnover from self-employment or property exceeds £50,000.

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From Start up to Scale-Up: How to Manage Growth

Starting a business is exciting, but scaling it is a completely different challenge. The transition from a small, agile startup to a growing, structured organisation brings new demands, risks, and opportunities. Many entrepreneurs underestimate how different the skills, systems, and mindset required for scaling are compared to those for starting up.

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