How To Choose A Great Accountant

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How To Choose A Great Accountant
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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.
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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.
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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 youll 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 theyre an expert in the tax laws that
apply to your business.
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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?
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Are they legitimate?
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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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By knowing all these, you can properly and
efficiently find a reliable accountant who can
help you make your business better and more
successful or maximise the result of your
personal tax returns.Ashok Parekh Co, are
professional, friendly, experienced and proactive
accountants based in Kalgoorlie and Mandurah,
Western Australiaserving clients locally and all
over Australia remotely. For more detailed
information, go to the website bookkeepers
kalgoorlie
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Thank You
For Your Time