One aspect that frequently gets overlooked in small business environments is company secretarial duties.
These responsibilities include filing annual reports, maintaining statutory books and ensuring regulatory compliance.
As an accountancy firm with years of experience advising small businesses, we strongly recommend outsourcing these administrative tasks to experienced professionals, like our own team.
Here are some compelling reasons to do so:
Regulatory compliance and risk mitigation
Company secretarial duties may appear straightforward, but they require an intricate understanding of the law, corporate governance and reporting timescales.
Even a minor oversight can result in significant legal consequences or hefty fines.
By outsourcing you can ensure that your company remains compliant with changing regulations and corporate governance standards.
Efficiency
Time is a limited resource, especially for small businesses trying to grow.
Administrative tasks, like maintaining statutory records or preparing and filing annual reports, can divert valuable time away from your business development and caring for customers.
Outsourcing these tasks ensures that they are handled efficiently and effectively, freeing up your time to focus on strategic growth and operational excellence.
Expert advice
As one of the longest established accountants in Buckinghamshire, we are trusted by businesses and individuals for our professional advice.
We offer more than just administrative support. If you outsource with us, you will gain access to a wealth of expertise that can significantly impact your business operations.
We will keep you up to date with legal changes affecting your business and offer proactive advice on how best to adapt to the economic environment.
Our expert guidance is invaluable, especially during corporate restructures, mergers, or any significant changes within your company.
Outsourcing your company secretarial duties to Seymour Taylor ensures compliance, saves time, and provides access to expert advice.
Trusting these tasks to our specialists can make your business more streamlined and reduce the risk of costly errors or legal repercussions.
If you need advice on outsourcing your financial functions, please contact your Seymour Taylor representative today or email enquiries@stca.co.uk or call 01494 552100.
This blog is for guidance only, professional advice should be obtained before acting on any information contained herein. The information was correct at the time of publishing 5 October 2023.