In most cases, as the business owner you’re a specialist and very good at specific aspects of your business
However - you probably find some facets a mystery.
You’re not on your own. Thankfully specialised help is at hand and should always be sought when needed.
Take your accountant for example. They should be more than just someone to prepare your annual tax return or quarterly BAS. View your accountant as part of your team – one of that important collective of product and service providers who help you to ensure your business runs like a well-oiled machine.
Enlisting the help of a good accountant will ensure that:
- You choose the best possible business structure for your immediate and future needs
- That your business and processes are compliant with government regulations
- Your business plan is sound. Accountants also provide advice and financial analysis to ensure that your budgets are reasonable
- You make use of the best accounting software for your level of experience or business needs
- You are advised on how to track your expenses and the value of keeping personal and business expenses separate
Do your homework!
When choosing an accountant, seek advice and referrals from business associates or friends. When meeting your accountant for the first time, come prepared. Draw up a list of what you require from them and ask about their fees.
As the business grows, so will your need for expert advice and the need to understand the numbers that drive your business. A good accountant will monitor your numbers. They will also provide valuable insights and perspectives about your industry based on their own experience of different markets, industry averages and the economy; all of which gives you peace of mind to concentrate on what you do best.
Maintain regular communication and open dialogue with your accountant about planning for your business. And take advantage of my free no obligation consultation. I can help get you started on the right path.
Remember, good accounting advice doesn’t cost – it pays.
With you in every success,