Why A Good Accountant Is On Your Team
Why A Good Accountant Is On Your Team
Accountants have a bit of a bad reputation. We aren’t sure why; we are actually a pretty cool bunch here at Accountants Plus! But unfortunately, it seems to be a reputation that comes with the territory.
Accountants really are an essential resource for your small business. That is not just us tooting our own horns. A good accountant can help you keep your business on track, position you for good growth and an even better return!
If you aren’t a money or finance person, it can be a mission to get your head around things like payroll, taxes, and financial reporting. Having a professional and qualified accountant to take care of these important parts of your business can really make all the difference.
We want to change the opinion people have about accountants and prove that we really are an integral part of your team. So let’s dispel some myths and look at how we can help you…
Common Misconceptions About Accountants
They Just Want To Make Money Off Me! Not true! The thought of a big accounting bill is of course intimidating. But before you sign on with someone, do some research into their fee and billing structure. Some accountants even offer a package where you are billed monthly and can spread the cost across the year.
They’re boring! Just because you find finances boring does not mean that we ourselves are boring! In fact, we pride ourselves on our friendly, helpful and personable service.
Bookkeeping Is Simple. I Don’t Need Any Help! Bookkeeping and accounting are very different things. It is not just a matter of tracking ingoing and outgoing money. You might do your own bookkeeping, and that’s great! But an accountant does far more. They take that day to day information and turn it into a regular financial statement report. That contains important data about your profitability and assets. They are also available on hand to help with any accounts, tax or payroll advice. While only 14% of small businesses outsource bookkeeping, 71% outsource the more complex tasks such as tax preparation.
They Only Do Taxes: While taxes and GST are some of the main roles an Accountant performs, they actually do far more than that. Their extensive knowledge in a wide range of areas means they can give practical and valuable advice. They can identify areas of weakness in your business and help you turn them into a strength.
Ways A Good Accountant Can Help Your Business
Help With Your Startup: There are a lot of crucial things to consider when starting up a business and if you haven’t done it before, you might miss something. Accountants can help with pretty much everything, including determining your business structure, creating business plans, designing processes to comply with industry regulations, even giving advice on which bookkeeping software to use.
Save You Time And Money: Your time should be spent on what you do best – delivering your products and services. Having someone else crunch the numbers and take care of financial obligations gives you back the time you need to do your job. Getting it right the first time can also help you avoid fines and penalties if you submit things late or incorrectly.
Help Grow Your Business. Over time, your accountant will come to know your business inside and out. They can be an excellent source of objective advice for important business decisions. When the time comes to grow and expand, an accountant who knows your business well is a vital resource.
Are you ready to have a good accountant in your corner? Then we are ready to be on your team! Give us a call today to see how we can help you and your business with more than just your taxes!
