Advice for SMEs: why it is necessary
Patrick2024-06-12T05:46:37+00:00Advice for SMEs is central and goes beyond the formalities to which we are accustomed. This article offers reasons to bet on these professionals.
7 reasons to hire SME consultancy
Companies, regardless of their size, need consultancy services. However, when it comes to SMEs, this need is even greater, as they often lack the resources to have their own departments. We show you why specialised SME consultancy is important:
1. Knowledge of legislation
First of all, an advisor, be it a tax, labour or business advisor, knows the Spanish legislation in these areas and its changes. And, often, a self-employed person or an SME does not reach that level of detail, either due to lack of training or lack of time. This is already a good reason to hire him or her.
2. Cost savings
Secondly, with a consultant it is possible to save costs. On the one hand, because you save time, and time is money. It is also more difficult to make mistakes, and this, too, has a positive impact on business results.
3. Advice on incorporation
If you want to set up a commercial company and do not know how to do this, a business advisor can give you the guidelines. It depends on the amount of capital, the type of business or the company structure, but they can advise you.
Whether it is a private limited company, public limited company, civil law company or limited partnership, each case can be examined individually. In addition, he can also draft the articles of association of the new company.
4. Information on deductions and allowances
An interesting point is the deductions and allowances that a company can take advantage of. Deductions are tax deductions and must be included at the request of a party, hence advice is essential in order to be aware of them.
On the other hand, allowances are usually subject to reductions in Social Security contributions, but also in the payment of certain taxes.
Consequently, it is advisable to know them in depth so as not to pay more than is strictly necessary, and here a professional advisor can help.
5. Advice to SMEs: an objective point of view
People have blind spots, especially when we are involved in a project. Here an advisor, if he does his job well, can give an objective point of view on a legal issue.
And this is useful because, in the long run, it will contribute to improving corporate variables and making good decisions.
6. Less likelihood of sanctions
Business consultancies reduce the likelihood of being penalised for errors in tax returns or hiring. They can take care of filing tax returns and settlements, as well as managing payroll and staff contracts.
7. Simpler planning
Financial planning is easier with a business advisor who also deals with annual accounts. For example, provisions can be made and recorded in the accounts. These details are only known if you have specialist knowledge, which is provided by a consultancy.
To summarise...
Advice for SMEs is interesting for many reasons. Do you want to open a business but need help? At Asesoría Orihuela Costa we offer a comprehensive consultancy service, contact us without obligation!