Selecting the Right Accountant: Key Considerations for Financial Success
Choosing the right accountant for your personal and professional needs may seem daunting but it is a necessary step for you to maximise your current financial position and proactively plan for your future. The right accountant can do a lot more for you besides preparing your annual tax return. This important relationship should help you financially, provide support for increasing your wealth, and offer strategies for keeping the highest percentage of your earnings. Yes, we mean pay as little tax as possible! Your accountant should understand where you’re at right now and where you want to be in five, ten, or twenty years down the track.
The right accountant can support you in reaching your goals by partnering with you and recommending to you ahead of time the steps to take, what receipts to keep, and what is happening about tax legislation that may affect you or your industry soon. No one wants to find out that their accountant did not provide prompt or up-to-date information which results in being unable to claim added deductions and/or offset gains in the earlier budget year.
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So how do you go about finding the right accountant?
Here are some important points to consider before making your choice.
If you have a business…
Ultimately, you want an accountant who will make the world of deductions and record keeping easy to understand and implement and help you minimise your tax and maximise your earnings. They should easily grasp what action is needed right now and confidently recommend what steps to take in the near and distant future to get the most beneficial financial return. They should actively provide support not only when everything is going great but especially when times get rough, as this is when you need their ability and advice the most.