A good accountant should be active long before the end of the tax year, advising you on how to structure your finances in a tax-efficient way.

Look for a firm comparable in size to your company. Small to medium firms generally provide personalised service, specialise in small business work and charge less than big firms.

What to look for in an Accountant:

• Is the accountant approachable, easy to talk to, and easy to understand?

• Is the accountant easily accessible when needed?

• Does he or she work with other professionals for back up and support?

• Is the accountant experienced and skilled with your particular business or circumstances?

• Is the work performed in a timely manner?

• Has the business been around for a long or a short time?

• Is the accountant established in the community?

• Will he or she provide value for the amount billed?

By picking the right accounting firm to work with you, you can actually reduce your compliance costs and be more proactive in your business strategies. Often by seeking their advice before you make financial decisions not only can they help you make the right decisions, but also they may assist in the way those decisions are made.

Working with the accountant monthly not only keeps records up to date but also can assist in preventing cash flow problems before they happen.

This information is brought to you by Sashi Veale and Associates

www.svaccountants.com.au

ph (02) 8850 0388. Email: info@svaccountants.com.au