Looking for an accountant? What you should be looking for in an accountant? What benefits can an accountant offer?
Finding the accountant who will be the right fit for you can be a long and complicated process.
The general view is that accountants are expensive and are only there to ‘fill out forms to keep the tax man happy’. As a matter of fact, an accountant is much more than that, and once you find a great accountant, they should actually save you money, time and the stress of worrying about your accounting and taxes.
Not to mention that many clients come to us with many problems that could have easily be prevented if they had consulted with an accountant. It definitely is not cost effective when these problems take hours to be fixed.
Essentially you will be looking for the following attributes in an accountant:
- Great customer service with one point of contact
- Easy to approach and contact
- Specialises in the contractor industry
- Offers an affordable price without forgoing the quality of advice and service
- Sets the price and expectation with no surprises
- Experienced and great reputation
- Uses up to date technology including cloud based accounting software
- Saves you valuable time so you can make more money
All accountancy firms are different but one thing for sure is that it could cost you and your business a great deal of money and time if you choose the wrong accountant.
Setting up the correct structure, preparing your tax forms, quarterly BAS and annual tax returns can be a headache for most contractors and that is why contractors tend to put their accounting and tax on the back burner! This is not ideal as the Australian Taxation Office can heavily penalise for late lodgements or late payers. If you incorrectly lodged your returns and statements, the ATO may choose to impose a penalty or worse do an audit on the business books which can be time-consuming and very costly.
At Box Advisory Services, we take pride in our service and fixed fee packages. We understand that at times contractors and small business owners would like to speak to their accountant for small tax or business-related questions. We do not charge clients for phone calls or queries for every minute we are on the phone. Our fees are very affordable and we are very passionate about helping our clients grow. We do not just run an accounting service; we provide an experience you cannot find in any other accounting firm!
If you would like a free business consultation to see if we are the right accountant for you, contact us with the form below.
Please note that every effort has been made to ensure that information provided in this guide is accurate. You should note however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.