7 Tips To Get The Most Out Of Your Accountant

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7 Tips To Get The Most Out Of Your Accountant

A good accountant should be able to offer advice on virtually every facet of your operations. Below are 7 tips to get the most out of your accountant:

1. Ensure You Get Service Beyond Tax Return

If you only engage your accountant during tax season, his or her expertise in not being optimally utilised. The value lies in what your accountant can do for your business and the focus should be more than just tax compliance.

2. Set the Direction for Your Business

For maximum effectiveness, you should ideally engage your accountant when setting up your business so he or she can align tactical advice with the particular goals you have.

3. Assist in Implementing Your Business Goals

When operating in an ongoing advisory capacity, a reputable accountant will regularly check in to monitor the implementation of your plan. Starting a business involves taking on multiple roles; therefore, being advised on how to effectively manage those roles and run your business more efficiently is tremendously vital.

4. Keep You Accountable to the Business Plans You Have

Being in contact with your accountant consistently safeguards your business as you will both be able to actively monitor the direction in which you are headed and if you are on the wrong path, he or she will be able to steer the business back on course.

There is no point in finding out after the fact that a problem could have been fixed with your business.

5. Refer You to a Specialist for Advice

There are accountants who have distinct specialisations. If you are dealing with something outside of the norm, your existing accountant may not have the specialisation or skills remedy it. If he or she cannot provide a solution, a specialist should be recommended.

6. Clarify the Assistance He or She Will Provide to Shape Your Business

Your accountant must be able to clearly articulate how he or she will assist you in meeting your goals. You should ask how he or she is going to work with you to assist in growing a profitable business and keep it profitable.

7. Provide Advice tailored to the Needs of Your Business

Your accountant should be proactive in keeping you abreast of the financial happenings in your business in a timely manner. You should also be willing to provide your accountant with all the information needed to help you grow your business so he or she can give you the best advice.

If your goal is to save time and money, we invite you to take advantage of Perth Tax People’s financial expertise. They are a group of professional accountants that help individuals to meet their tax and related financial obligations in Perth.

Nilesh Vasoya

Nilesh Vasoya

Nilesh Vasoya is a CPA and experienced business advisor with 15+ years’ experience in accounting and tax, and certifications from NTAA, ICAI (India). He is also a Registered Tax and ASIC Agent. Nilesh specialises in financial reports, cash flow, taxation advice, internal audit, account reconciliation, and advice for small businesses on maximising XERO, MYOB, and QUICKBOOKS. He is experienced in developing strategies for growth within small-medium scale companies.

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