Having a strong relationship with your accountant can be incredibly beneficial for your business. Not only can they help you to stay on top of your finances and ensure compliance with tax laws, but they can also act as a trusted business advisor who can provide valuable insight and guidance, including ways to save tax legally.
Top tips for building a strong relationship with your accountant:
Make sure you keep your accountant informed of any changes in your business, such as new employees, changes in revenue, or major expenses. The more information they have, the better they can serve you.
Discuss your goals and expectations for your business together, and make sure they understand what you need from them. This will help ensure that you are both on the same page and working towards the same objectives.
If your accountant reaches out to you with questions or requests for information, respond in a timely manner. Not only does this demonstrate that you value their time and expertise, it can also help to prevent delays or costly mistakes.
Make sure you provide your accountant with all the information they need to do their job as easily and quickly as possible, such as invoices, receipts, bank statements, and other financial documents. They will then have a clear picture of your financial situation and can provide accurate advice. Being organised may also mean that you incur less unforeseen charges.
Don’t be afraid to ask questions if you don’t understand something. Your accountant is there to help you and a good accountant will be willing and able to explain things in a way that you can understand.
Let your accountant know that you appreciate their work and the value they bring to your business. A simple thank you or a small gesture of appreciation can go a long way in building a strong relationship. Leaving a positive review on Google or by email is always appreciated.
By following these tips, you can build a strong relationship with your accountant that will help your business thrive.
Your accountant can become a valuable business partner who can provide you with the knowledge and support you need to make smart financial decisions.
If you would like to discuss your business accounting requirements, please get in touch.