Most entrepreneurs have one task in their work they dislike above all else: Bookkeeping. Accountancy and keeping the records up-to-date are a close second, with filing for Tax returns coming in third. This is not something new, nor even strange, as these tasks can become rather frustrating and tedious if they’re not part of your day-to-day activities. It feels for most like an obligation standing in the way of the ‘real’ job you have when being a business owner.
Small mistakes can have major consequences when filing for VAT returns and updating company records. Many roles, laws and exceptions within those laws must be considered (differing per industry, type of company, service, country, etc.), which becomes a very precise job. Because of this, many entrepreneurs outsource their bookkeeping and tax returns to certified advisors.