Click here to load reader

Why your business needs an accountant part 2

Embed Size (px)

DESCRIPTION

In the second part of our article we discuss why it’s such a great idea to engage the services of a tax accountant like Gold Coast accountants: Saber Accountants.

Citation preview

  • 1. In the second part of our article we discuss why its such a great idea to engage the services of a tax accountant like Gold Coast accountants: Saber Accountants. Why Your Business Needs an Accountant Part 2

2. For a start, using tax accountants to help you with your tax returns will not only save you time -- and time of course is money. More info on: http://www.saberaccountants.com.au/ 3. For a start, using tax accountants to help you with your tax returns will not only save you time -- and time of course is money. They will ensure you haven't made errors that will get you into trouble with the tax authorities -- errors that are all too easy to make -- and are also likely to find offsets and deductions you didn't know existed. More info on: http://www.saberaccountants.com.au/ 4. Best of all, the accountant's fees themselves are tax deductible, so tax accountants more than pay for themselves. More info on: http://www.saberaccountants.com.au/ 5. In addition to tax compliance, if you as a business owner run a Self-Managed Super (or Superannuation) Fund (SMSF), you are required by law to ensure that it is audited annually by an approved auditor, who can be a member of any of the three accounting professional bodies. More info on: http://www.saberaccountants.com.au/ 6. The auditing has to be carried out before the date your SMSF return is due, and has to cover both the financial statements and the compliance with superannuation laws. More info on: http://www.saberaccountants.com.au/ 7. You may be happy just to have an accountant to deal with your tax and superannuation affairs, or you may find it profitable to have someone who can work with you on consulting and financial planning. More info on: http://www.saberaccountants.com.au/ 8. Remember that incomings and outgoings take place all year round, not just at tax return time, but in the midst of your busy schedule financial planning can easily drop down your priority list, However, staying on top of your finances is crucial to the survival of your business. More info on: http://www.saberaccountants.com.au/ 9. In the first place, the accountant can ensure you start off on the right foot, by helping you set up a financial plan and a budget. It has been said that starting out in business without a budget is like setting out on a sea voyage without a map, yet many business owners do exactly that, and just hope for the best. More info on: http://www.saberaccountants.com.au/ 10. A good financial plan will outline how much you can afford to invest, to pay yourself, and to spend on goods and services. More info on: http://www.saberaccountants.com.au/ 11. When considering whether you need an accountant or not, remember that it is much more sensible to get tax and financial advice sooner, rather than later. A lot of the trouble businesses get into is the result of having embarked on financial projects or transactions without getting the right advice first. More info on: http://www.saberaccountants.com.au/