Family members doing the books
There is absolutely nothing wrong with family members doing the books. Lots of businesses work this way.
There comes a time when it is useful to have the benefit of tax planning and advice from an expert as this can often save you money. Some accountants even go so far as to say that the money they save in tax will cover the cost of their fees!
Then there are things such as holidays and sickness to cover.
It can put tremendous pressure on a family member unnecessarily if there is nobody else to assist in their absence.
Tags: family accounting