Adelaide accountants: What to look for in an accountant
As your business grows, managing your finances becomes increasingly difficult. From invoicing to taxes, there’s a lot of ‘finance stuff’ that needs to be taken care of. It all takes A LOT of time and experience. And often you feel like you are going around in circles.
Pisani Group has worked with hundreds of small to medium-sized business owners who just can’t keep on top of it anymore. Our success comes from our ability to know our clients’ needs and adapt to help them reach their dreams. And why do we do this? Because our clients are our biggest priority. We go the extra mile, meaning they’re one step closer to achieving their financial goals and dreams.
Making the decision to hire an accountant to take the load off you so you can focus on your business is easy. But finding the RIGHT accountant to support you and your business is a little more challenging. That’s why we’re sharing this blog – what to look for in an accountant. Read on to discover what the top traits are, so your accountant can help you achieve your financial goals.
Why do I need an Adelaide accountant?
Save time
Yes, you can do your own taxes – if you have the skillset and time. And for busy business owners, time is money. An owner can spend hours working on their own tax – hours that they aren’t working on their business. And because they’re not a tax specialist, they risk making costly errors.
An Adelaide accountant will take the weight off your shoulders and give you time to do what you do best – grow your business or work towards your goal. You can also rest easy knowing that a trained professional is looking after your finances.
Do your tax better – and on time
Submitting your tax late or forgetting to make payments results in expensive penalties and interest. On average, Australians owe $127 million in late payments each year. Now that’s a lot of late payments.
When you hire an accountant, you can forget about missing any deadlines. A good accountant will work in advance to ensure that filing your tax is as stress-free as possible. And you never have to worry about paying another late payment again.
Know where you stand
It’s easy to procrastinate when you manage your own finances. You’re busy, after all – you have a business to run or a life to lead. And because you don’t have the training and experience a qualified accountant have, you can make mistakes. This means that you may not know where you stand financially.
The right Adelaide accountant will see your income and expenses as they occur, giving you a strong idea of short-term flow and long-term profitability.
What should I look for in an Adelaide accountant?
Open communication
Everyone’s individual circumstances are different, which is why it is so important you have a close and trusted relationship with your chartered accountant. So look for an accountant that doesn’t make assumptions about your situation.
Your new accountant should be someone that you feel comfortable speaking to, and who listens carefully to your requests – because getting the right professional advice can mean the difference between success and failure.
Getting to know you, and understanding your financial goals and dreams is what makes Pisani Group accountably different. We understand that attention to detail is important so you can achieve financial freedom with thoughtful advice and planning.
Knowledge and expertise
Your business needs an accountant that has experience preparing tax returns and financial documents for companies a similar size to yours. And if you’re looking for an accountant to sort your personal finances, then you need to ensure that they’re up to date with the latest rules and tax regulations.
Business owners should ask their accountant if they can have access to their existing clients to contact them for a reference. For individuals, make sure that your new accountant is certified or have completed a degree that qualifies them to support your business.
Trying to navigate the taxation laws for individuals can be daunting, but the team of experienced Adelaide accountants at Pisani Group aim to make tax time as stress-free as possible. We provide taxation services for individuals and companies across many different industries and like to work closely with our clients to ensure that they have claimed all the deductions that they are entitled to.
What services do they offer?
Just because you only need to submit a tax return now, doesn’t mean that you won’t need more accounting help later. If you have any growth ambitions, you’ll need an accountant that can support you in all stages of life – in simple terms, an accountant that will be with you forever.
Look for an accountant that offers:
- Bookkeeping
- Payroll
- Regular accounting updates
- Finance administration services
- Cash Flow planning
- Budgeting
- Superannuation
Not only do Pisani Group offer individual tax returns and bookkeeping, but we also support clients with a self-managed super fund (SMSF), planning, strategy, business consulting and tax. Take the hectic out of your life, and have peace of mind knowing that your financial future is taken care of by us.
Cloud-based accounting software
The outdated image of accountants hunched over an abacus is long gone. Nowadays, a good accountant will use cloud-based accounting software to keep track of their client’s finances. This leads to fewer issues when sharing data and more accessibility to your information.
At Pisani Group, we specialise in Xero – an online cloud accounting tool that helps small businesses get paid faster. Xero allows employers to store their information on the cloud, which is accessible anytime, anywhere. It holds all data securely online and encrypts it using industry-standard data encryption. And due to its easy-to-use functions and layout, Xero is super user-friendly. If you’re using another system, we can assist you import data from that system into Xero so you can continue where you left off.
Let us help you gain the knowledge to use Xero to manage your business accounts. Our Xero training will set you up with a strong understanding and practical knowledge of Xero to advance your business.
Meeting all of your tax and accounting obligations can be a time-consuming process that stops business owners from managing and growing their businesses, and individuals from reaching their personal goals. Let a dedicated Pisani accountant help you catch up today and help you stay on top of it. Contact us here to find out more.
