Selecting an accountant may be the difference between a healthy business and an ailing business in financial terms. Your accountant must not only assist you to be on the right side of compliance, but he or she is also expected to proactively advise and support your business expansion and make sure you survive tax time. And has something been nudging at the back of your mind, telling you that something is not right with the accountant you have been using? Then look below to see five unmistakable signs that you need to change.
Communication Gap
In a business relationship, communication has to be clear and timely. You should not continue with an accountant who takes a long time to get back to you, cannot communicate in a clear and straightforward manner, or only contacts you during tax season. When working with a trusted accountant in Norwest, you will keep informed throughout the year, and not only when you are under pressure.
Late Deadlines and Mistakes
Have you ever been walloped by a fine or penalty or had to work all night with no pay only because of your accountant not meeting a deadline? Or perhaps you have discovered mistakes in your accounts or your tax returns? This is a real problem that could damage the reputation of your business and the cash flow. Errors and tardiness are indicators that your accountant is not dedicating as much attention to your business as it should be getting.
Little Business Advice
Accountants ought not only to be number crunchers. An excellent tax agent in Norwest will provide strategic input on matters such as business structure and planning, growth, and cash flow management. Your current accountant may be doing the bare minimum and just counting your money instead of helping you plan.
They Just Do Not Know Your Industry
Each sector will have its own taxation and monetary peculiarities. It is worth noting that when your accountant is unaware of your industry, he is likely to miss the necessary deductions or be unable to give the necessary advice. A qualified accountant with an understanding of your industry can cost you a lot of time, money, and angst.
You Do Not Feel Confident or Supported
Go with your instinct. When you are in a situation where you always feel unsafe whenever asking questions to your accountant, or you feel that the accountant is making you feel like a burden when inquiring about the accountant work then there is a need to re-examine the relationship. You are not supposed to be anxious, just the opposite: confident, supported, and informed, once you go to your accountant.
Ready to Make the Switch?
It does not always have to be an inconvenience to switch accountants. The change can occur efficiently and lead to the advantage of your business with the proper advice and a trusted accountant from Norwest. Identify their professionals who are very proactive, transparent, and devoted to your long-term success.
Tax season is on the way and there is no better moment to take a step now. And before you know it, tax time in Australia is here, so don’t forget to visit our tips for getting ready for tax time in Australia, which can save you a bunch of time and headaches.
Final Thoughts
The accountant you have must be beneficial and not a burden. And the above are just some of the indications that it might be time to find a new tax agent in Norwest that really knows your business requirements and can assist you to meet your financial objectives. You do not want to miss another deadline or miss another chance and know the future of the financial state of your business today.
