For any small to mid-sized business in the 21st century, there are certain things that you simply can not do business without. These are the essential “supplies” of business. Technology is one. Like it or not you will not run your business without technology. Accounting is another; sure you could do your own payroll. But you won’t, you will hire accountancy.
Well, like most important things you need for your business, employment law consultancy is often missed. Most small business owners are under so much pressure to survive, things such as insurance and consultancies are generally ignored until there’s no choice. The reason is universal, “I can’t afford it!” You know that you will not run your business without technology. You may be one of those who dislike technology, you may even grouse under the need to pay anything for it. However, you will. You will because you know that your business will suffer if you don’t. The same goes for accountancy, whether or not you like accountants, you will still pay one to come out once a quarter to make sure that your books are straight.
Well, you should not be doing the right things for your business for the wrong reasons, although it is good that you are doing the right thing. Once you accept the idea, you may even find that you are more profitable and more stable as a result. You may feel that you can’t afford these things but you can. More’s the point, you can’t afford not to.
Why You Must Use Them
So can you afford to not retain an employment law consultancy? Well, no you cannot. The reasons are a little complex but clear enough once you understand them. Even for a small business with just a few employees you will ultimately find that this is an essential service and in much the same way as accountancy is as well. Yes, you are theoretically able perform your own accounting. Moreover, you do so from day to day. After all, isn’t money your business? However, once a month or a quarter or more frequently, depending on your business size, you will pay an accountant to come out and insure that you’ve done it right, yes? In the case of an employment law consultancy the need is even more important. Employment law is just as complex and as important as accounting law. One of the problems is that while you are confronted with accounting on a regular basis, employment law is never on your mind. Generally, you hire people, worry about affording the payroll and hope for the best hires at the best rate. But what if there was a program that might have gotten you some advantage or a better tax position? What if you have violated a law regarding hiring practices without even knowing it?
With more and more globalization employment law has become complex and involved and is changing on a daily basis. You have little hope of keeping up with it in the same way that you don’t keep up with accounting law. But you might just be living in a past where the law was far simpler. Don’t make that mistake.