An accountant is only good for tax time, right? While having a good business relationship with your accountant is an asset (pardon the pun) when it comes to preparing and lodging your tax return, we can do so much more for you and your business.

Want to know how to get the most out of working with your accountant? Read more from the Belmont business accountants at Llara Tax & Accounting to find out how.

A business accountant helps you recognise strengths and limitations

We’re all human, which means we all come with our individual strengths and limitations. It’s the same situation when owning and operating a small or medium sized business (SME).

Sure, in the age of DIY, most of us like the opportunity to attempt everything ourselves. However, not all of us have the time, motivation or expertise to do so.

What are we getting at?

• Recognising and accepting that a business accountant has the capacity to handle all of your personal and business-related tax planning, capital gains tax, bookkeeping, financial statements and analysis for you.
• As a business owner, it’s good to know the fundamentals of your business and have comprehensive knowledge of the day-to-day operations. However, you don’t need to be an expert in every aspect of your business.

As a team of Belmont business accountants, you can get the most out of working with us, so you can focus on operating a successful business.

Come prepared and get ready to learn When you first meet with your business accountant, ensure you have all the necessary documents and records on hand and easily accessible. This helps us help you right away.

If you haven’t a sound understanding of tax, finance and/or efficient business structuring, don’t worry because that’s our speciality.

We’ll help you understand key financial measurements and the metrics relevant to your business and greater industry.

At Llara Tax & Accounting we thoroughly encourage questions and clients utilising our professional business accounting expertise to ensure their business remains viable.

More than just help with your tax

You can definitely get a lot out of working with your accountant, especially when you utilise our services throughout the year.

For businesses, we can provide:

• Balance sheet reconciliations
• Profit and loss analyses
• Fixed asset accounting
• Cashflow forecasting
• Budgeting
• KPI design and monitoring
• Interim and end-of-year audit assistance
• and so much more

So, if you’re interested in getting the most out of your accountant, it’s time you contact an accounting team who is ready, willing and able to help you.

Why start a partnership with Llara Tax & Accounting

Finding the right accountant can be hard, but it doesn’t have to be.

At Llara Tax & Accounting, we genuinely care for you and your business needs. To us, you’re more than a transaction, you’re part of our team.

Contact Llara Tax & Accounting today to start a professional partnership that offers excellent accounting and advisory, bookkeeping and taxation services.

References:

https://www.consolid8.com.au/blog/how-to-get-the-most-out-of-your-accountant https://www.americanexpress.com/en-us/business/trends-and-insights/articles/6-ways-to-get-the-most-out-of-your-accountant-1/