In running a growing business, you will want to ensure you are getting the most value out of the services you are using. Having a business accountant can help you manage your taxes, assess your financial status and help you plan for financial growth. Want to know how you can use all the services your Accountant offers to the full extent? Here are six ways to ensure you get the most out of your accountant.
1. Know the extent of your Accountant’s expertise
Are you familiar with all the services offered by your accountant? Business and Advisory Accountants provide a wide range of services, from corporate governance, cash flows, budgets and forecasting, tax consulting and compliance, business management and mentoring to superannuation advisory and audit insurance. Take advantage of your Accountant’s expertise that goes beyond just bookkeeping services.
2. Gain access to a wider network
Many Accountants will have clients in a wide range of business areas. Need a Lawyer or Architect? Your Accountant may be able to refer you to a contact.
3. Know your exact needs
Being able to outline what you need from your Accountant helps them deliver personalised customer service. What are your expectations regarding how and when they communicate with you? Do you need help with business management in addition to assistance with sourcing finance? Your accountant can only deliver if they know what your needs are.
4. Maintain excellent records
By providing your Accountant with well maintained records, you save them time in having to make sense of your files. This frees up their time so they can focus on strategies specific to your business.
5. Ask questions
The old refrain – if you don’t ask, you don’t receive – can hold true. Your Accountant is a specialist in areas of finance and you can make the most of this knowledge by asking questions or advice on how to grow your business.
6. Keep your Accountant Informed on business changes
Have you diversified your service menu? Have you hired new employees? Specific changes can affect tax compliance issues and will need to be updated to ensure records, compliance and taxation matters are accurate.
At Stones Sharp, we offer a range of tax and business and advisory services that are dedicated to assist business owners maximise the potential of their companies. Contact us today to find out how we can help support your business growth.
FCPA & CA
Shane is a Fellow of the Australian Society of Certified Practicing Accountants and a Chartered Accountant.
Shane’s passion is to consider the clients, the client’s business and taxation affairs with a holistic approach whilst providing business mentoring, business strategies, systems development, taxation advice and taxation planning in order to assist his clients and their business achieve their goals.