Why do business owners seek the advice and council of new business accountants? Don’t you have one already? Is your business current account unsatisfactory in some way? Are you disappointed with their results? Why?
It seems unlikely in the extreme that a business would have been successful for five, ten, or twenty years without qualified business accountants on the payroll. So what’s up.
Typically, from my experience, business owners like you who are looking for a new business accountant relationship are looking for someone to help navigate the complexities of current and future tax laws and the hard to understand tax regulations faced by all businesses and businesses like yours in particular. Aren’t you looking for someone to provide tax planning advice so you can make the most of your day-to-day and long-term efforts?
Naturally you want someone more technically savvy than the business account you already have, or you would not be ready to consider making a change, or is there another reason? My observation is that while business owners expect their accountants to understand the tax laws and how they apply to them, they are also looking for someone they feel comfortable with.
During their initial interviews with business accountants – where they will most likely come to the conclusion whether this one or that one is the best accountant for them, they will most likely make their decision based on their “gut feeling” about the person they will be telling their deepest darkest secrets to for years to come.
Naturally business small accountants, all professionals for that matter, want you to ask them questions during those initial interviews. They are ready for that with volumes of pat answers. What you should be looking for are the kinds of questions they ask you. Each time they ask a question it tells you a little more about their point of view in tax matters and many other things.
Of course, you are looking for the best planning for your business you can get. However if you don’t like their perspectives on matters not related to tax laws you may hesitate to take them seriously on the issues for which you are engaging them. You are not looking for a new buddy, finding excellent small business accountants should not be some popularity contest, and this is not a “rent-a-friend” proposition.
Nevertheless, you need to respect them on several levels to work with them successfully over time. As a successful business owner you have a well developed and ultra sensitive BS detector, so based on what you hear during that first interview, yes interview – you are interviewing them for this important role in your business, you will be able to tell who you’re dealing with if you are listening.
The bankruptcy courts and tax court records are littered with examples of situations where business accountants and other professionals let their clients go down the wrong paths quite innocently and quite unintentionally – because they were blind to the ideas of others.
Business accountants Sydney are trusted because of their works. Contact the team now.