Like many business owners, you might get wrapped up with the daily activities involved in running a business – like managing staff, organising supplies and talking to customers. As a result, regular communication with your accountant gets pushed down on your to-do list.
But here’s our tip. Your accountant can be your secret weapon in business.
Like a pseudo-business partner, you can bounce ideas off them; they help put in place strategic plans to ensure you are on the right track, produce budgets and forecasts to see where your business is heading and also help minimise tax.
Don’t have time for regular face-to-face meetings with your accountant? There’s good news. Technology has provided ways for your accountant to see up to date or ‘live’ information on your business that can help them in assisting you in the best possible ways. Even if you can’t make time for a chat, a quick phone call or video conference call can work just as well.
Your accountant is often also well versed in the business community, and even if they are unable to assist, they will generally be able to provide recommendations to someone that does.
While we believe regular communication is useful for all business’, here are some specific events that you should always speak to your accountant about before acting.