Numerous men and women, who never ever would hesitate to seek treatment from a physician when they needed medical aid, do not see the need to get help from an accountant for aid with financial issues. But the major issue is how to choose the best account firm. If you want to select an accounting firm to take care of your business and personal financial needs, you need to consider important information before handing over the reigns, so to speak. Even if you just need to take care of tax paperwork for the year’s end, ongoing services through the years or investment information, your accountant can assist you. The chosen accountant should have an excellent personal relationship with you or with your business and be in good spirits with the Internal Revenue Service. tax return mandurah
When selecting a firm to handle your needs please consider a few things: 1. Staff How is their staff trained? Do they all have a bachelor's degree in the financial field? Are they all certified public accountants? This is important to know as you want someone with the best expertise to handle your money or your businesses money for you. How much experience do they have in dealing with tax laws? One thing that you never want to mess up on is your taxes! 2. Registered Firm Is the firm you are looking at registered with the Better Business Bureau? Are they in good standing? How long has the firm been in operation and can they give you references from past customers? 3.Area Of Accounting Do they have a specific area of accounting they like to deal with? Some prefer the corporate atmosphere, while others prefer to deal with private parties. Not all accounting offices are the same. Small business bookkeeping is handled in a different area than a corporate account. 4. Location Where is their office located? Can you make an appointment and go see the person handling the account? This is vitally important to the overall relationship with the accountant of choice. You do not want your accountant to be someone that is outsourced to a different country! 5. Accessibility Is the accountant or accounting firm accessible? It means can you call the team or person handling your accounts directly? A great working relationship not only builds rapport but keeps the bond strong and a loyal accountant and client!
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1. Reputation
Ask your friends and colleagues what accountant they use and contact them now (before the end of the financial year)for recommendations. Check out reviews on Facebook or Google Business listings. chartered accountant 2. Look at the size of the firm Larger Australia wide firms may offer low prices but there are some that train their tax consultants over a 16 week course rather than small to mid size firms that hire experienced and qualified accountants who study for years to become experts in their field. You may get a more personalised service, with a smaller team or individual more committed to your account, whether you are an individual or business. 3. Does location matter to you? It used to be important to have an accountant located nearby. But today, with the internet and cloud-based technology this means that location is less of an issue. With cloud accounting, you and your accountant can view identical real-time data at the same time – no matter where you are. On the other hand, you may prefer face-to-face contact. If this is the case, then you’ll need to limit your search to accountants who work nearby or are willing to travel to your premises from time to time. Wherever they happen to be based, make sure they’re an expert in the tax laws that apply to your business. 4. Are they proactive about saving (and making) you money? They may charge a little more, but a proactive accountant who will do more than manage your accounts and complete your tax return forms will pay for themself. So before choosing an accountant, ask what they could suggest to save your business money. They should warn you of any future pitfalls (such as putting private expenses through the business) and ensure your business structure is protecting your assets and minimising tax. For personal returns, are they advising you of all the records you should be keeping and what you can claim to maximise your tax return? 5. Are they legitimate? There is a big difference between tax evasion which is illegal and tax avoidance which is legal. The Australian tax law is one of the most complex in the world so you need an accountant who will save you money legally but not taking things to far and gain the attention of an ATO audit, as ultimately it is you who signs of on all the tax documents and you who will pay the penalty if the law is broken. |
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