Tag: What

What Makes A Good

What Makes A Good Accountant?

Many small business owners think that they have a ‘good accountant’; someone that does the work they are asked to do, in the time that they are asked to do it, and so on.

But!

This isn’t the definition of a good accountant! It’s the definition of a mediocre one!

On this page, you will find out about the qualities we think make a good accountant.

Firstly, they will not just do the work that you ask them to do; they will go above and beyond that. For example, instead of just processing your financial statements, theyt will give you proactive advice regarding growing your business, or cutting back on a specific sector which is costing you more money than necessary, and even helping you determine your ROI. They will also provide a ‘benchmarking’ service – where they compare your business to another business in the same sector as yours – to show you how you can improve your business.

Basically, they will add value to your business, be it through saving you money, making you money, or even introducing you to some of their other clients; either through a networking event, or even just passing on names and numbers.

They will also always be available to give you advice.

They will also not charge you for this service. A lot of accountants these days still charge by the hour; even for a 2 minute phone conversation!! A good accountant will also be working on your behalf 100% of the time.

They will tell you exactly when your paperwork needs to be in to avoid any fines, and, as long as you have fulfilled your part of the deal, will also take responsibility where due if you do incur fines. They will also notify you of any important deadlines, and even meet these on your behalf.

And finally, they will offer you advice on tax savings and business growth, even when you do not ask for it. The good accountant will take the initiative and help you wherever he/she can.

Ben works for good accountant Keepers Accountancy. To read more articles like this, please visit our website

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What Percent Of Small Business’s

Question by : What percent of small business’s use accounting services?
Such as payroll or bookkeeping?
I just want an estimate. What do you guys think?
If you own a small business, do you use outside accounting services?

Best answer:

Answer by Business
I know that pretty close to 98% of the 3000+ businesses I have been in, use accounting services. However, let me clarify that. The majority of them used the accounting services at the end of the year for tax accounting services.

Most of the company’s had a bookkeeper (whether inside or outside of the 4 business walls). There is no need for a CPA if you are doing less that ~1.5M in sales, a bookkeeper will do just fine. As far as payroll I think it’s 60 / 40. 60% do payroll in-house and 40% use a payroll service.

Two comments: I do finances in house for two reasons. Accountancy is one thing but knowing the numbers to make your margins better is the real reason. If i just got reports from a accounting service they would probably be 3 months old. Too late for me to do something.

Thanks
BusinessHotline

What do you think? Answer below!

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