Your relationship with your accountant is one of the most important parts of running your business or handling your finances. Accountant stay on top of important parts of your life, like your money, finances and business and so you need to be doing it with someone whom you trust, is transparent and is actually making things better and easier for you.
Although most accountants are dependable, there are those that aren’t and you need to watch out for those kinds of accountants.
But how do you know if you have a bad accountant?
You are not getting the attention you deserve
Like other forms of relationships, you need to have an accountant who values you as a client and is not treating you like just someone in a queue whose accounts or books just need to get done. A good accountant will treat you with respect and make you feel like a valued client.
2. They charge you for every move they make
Excessive billing is a sign that your accountant may just see you as a cash machine. You don't want an accountant who bills you for every single phone call, email for the easiest and most basic of questions, especially if you don’t really even ask an excessive amount of questions.
3. You are losing money
One of the reasons for hiring an accountant in the first place is to keep your finances in order, and not only in the sense of keeping it organized and filed on time, but also giving advice and pointing out ways in which you can save money by ways like:
-Assisting in maximising all possible ATO tax deductions on your tax return
-Suggest a formulate a budget and business plan
-Suggest better ways to bill customers or clients or isolate and fix the errors
-File in a timely manner to avoid fines
-Point out how you can increase your cash flow by better strategizing sources
Additionally, if you are paying them more than the money that they are helping you with, it might be time to reevaluate if there is another accountant who can do a better job and give more value for your money.
You either need to find another accountant who charges a more affordable price, or find one who gives greater advice and does more for you.
2. Your accountant does not understand your business
When searching for a CPA accountant in Melbourne, you need to find an expert team who understands your business, the industry, and all of its intricacies.
Your accountant needs a great understanding of what your business does on a day-to-day basis; this is the
3. You accountant is not explaining your finances to you clearly
One of the functions your accountant should be performing is making your finances understandable to you. They should also be communicating constantly and clearly to you because that is part of getting your finances in order. The accountant is only a facilitator and you should understand everything they are doing with your finances.
Bruce Edmunds & Associates are skilled small business accountant personal accountants melbourne, ias accountants in melbourne, business accountants melbourne, tax accountant melbourne and small business accountant melbourne and directors, business accountants, our personal accountants and financial planners.
All of our individual small business accountant melbourne firms have individual functions and roles that make our well-oiled machine function with excellence and that results in giving customers receiving the best advice and unrivaled, dedicated customer service for us, not to mention that our business accounting melbourne team give all our clients advice and service tailored especially to fit your unique needs.
And for your every need, we have the accounting solution: We have the best certified professional accounting firm melbourne composed of business accountant melbourne, personal accountant melbourne bas ias accountants, business tax return melbourne and tax return accountant melbourne who have maintained clear, transparent and fiscally successful working relationships with all our clients.