Fergus Cleaver: For Small Businesses, Professional Accounting is Vital

NEW YORK, NY, July 20, 2012 (Press-News.org) Many entrepreneurs understand that a business requires innovation, dedication and long hours, but few have benefited from professional services that help organize and relieve the pressure of daily operations. A new article from Accounting Today observes the results of a recent study on business owner behaviors. The study, conducted by small business specialty insurer Hiscox, surveyed 600 small business owners in both the United Kingdom and the USA. Despite the large breadth of daily tasks that each entrepreneur detailed, only 26 percent reported use of professional accounting services. In Auckland, New Zealand, Fergus Cleaver helps several local businesses with accounting services and comments on why professional help is vital to keeping a business afloat.

Fergus Cleaver helps entrepreneurs avoid costly mistakes and works to provide thorough analysis of a company's financial records and budget planning. As the article reports, over 36 percent of owners consider their job to be all-inclusive; that they must be a "jack of all trades" to keep the business running. However, Cleaver notes that accounting needs can become so complex and hard to track, that these small, but necessary tasks can keep an enterprising individual away from what he or she does best - focusing on a great service or product to provide to the consumer market.

According to the Hiscox study, among the many responsibilities that affect a small business, over one-third of the subjects revealed a lack of knowledge pertaining to tax accounting. Fergus Cleaver adds that taxation services are essential to making sure a business avoids several financial pitfalls. Cleaver helps his clients understand the New Zealand tax system and says that while the process may seem cumbersome, a certified accountant can help a business adhere to a payment schedule, avoid late fees and even save money.

For Fergus Cleaver, professional services are especially important for start-up ventures. He states that several new businesses fail to lay a proper financial foundation which eventually results in the organization's demise. However, professional accountants offer a myriad of services, such as benchmarking analysis and internal organization, providing new companies with a continuously strong financial footing.

Cleaver adds that when a business seeks out professional services, it is important to find an authority that has a solid track record and the proper certification. Commenting on his own experience as a Senior Accountant at Cleaver Richards, Fergus concludes, "We are held to rigorous standards by the New Zealand Institute of Chartered Accountants which ensures a higher level of professionalism than one could otherwise expect."

ABOUT:

Fergus Cleaver is an accountant based in Auckland, New Zealand. Known for his service to both business and individual clients, he serves as the Senior Accountant at Cleaver Richards. At this firm, Fergus Cleaver assists in providing business and personal services, as well as tax guidance. An established professional within the financial industry, Fergus Cleaver understands the importance of personalized service and the fact that every client has unique financial goals and needs.

Website: http://ferguscleaver.org