It’s February – you’ve almost settled into the New Year and are looking at whether to continue doing your own taxes or to hire an accountant. Let’s talk about some of the concerns you’re battling – maybe you aren’t a fan of delegating or you feel like it’s best to keep your financial data private.
Why do I need an accountant?
If you are not an expert on taxation, it may take you a while to wrap your head around putting your taxes together – especially if you’re trying to understand it all on your own. Typically, sorting out all the documentation and crunching numbers may take up the weekend as well as any spare moments you have after work.
We understand the nervousness and anxiety that comes with handing over your personal financial data to an accountant you are not familiar with. It becomes increasingly important that your accountant includes you in all processes so you have complete control and reassurance of exactly everything that is being done. Additionally to aid a seamless transition, Fortis Accounting partners allows for a system where your questions can be answered by any of our team of expert tax consultants and advisors.
Hiring a good accountant means you will be able to grow your business as well as handle personal financial matters more efficiently. For example if you are looking to buy a house, discussing with us how much income your business produced and how much you could easily put towards the mortgage each month helps make the mortgage process a lot more manageable.
If you are a small business owner, you may find it difficult to delegate which is completely normal as your business thrives under your input. As mentioned in ‘the five stages of small business growth’ by Neil Churchill, at some point you will have to let go, and learn to trust other people to handle some parts of your business so that you can devote your time to looking after the rest. When you run your own business, you’ll need to keep up with more than just tax returns. A good accountant can help you out with every stage of your company’s development and progress. At Fortis Account Partners we use cloud-based accounting software, meaning that you’ll be able to keep track of what we do. It allows us to share your business accounts with you effortlessly.
Why not just use tax preparation software?
It’s the same principle as seeing a doctor or a lawyer. You feel more comfortable when you can see exactly where your money is going, or when you can develop a relationship with your accountant. Seeing an accountant face to face or even over the phone means you will be able to share your future financial goals. Software programs cannot tailor their services to suit your family’s financial situation the way a tax professional is able to. Moreover, we like to keep our clients continually updated with the latest tax laws via our newsletter and website, and use our knowledge of tax laws to provide services such as tax consultancy, superannuation services, business accounting and compliance, matters regarding property finance.
The most important benefit of hiring an accountant is that we’ll be here to answer your questions all year round!
Your speciality is running your business and enjoying your life. Leave the financial details to us.
If you’re keen to speak with one of our knowledgeable and experienced accountants, please don’t hesitate to get in touch with the team here at Fortis Accounting Partners. You can reach us on 02 9267 0108, or via info@exemplary-financial.flywheelsites.com.
