Does your business have an accountant? If not, you could be missing out on an opportunity to take your business to the next level. Below are some benefits of hiring an accountant for your business.
Business Plan
The business plan is a document detailing how you plan to grow your business. The accountant will help you with the financial aspect of your business plan. Typically, they will check your starting capital, assets and projected sales to create the balance sheet and profit and loss account for the next three to five years.…
If you run a small business and employ staff, then you do, of course, have to account for their earnings and send regular returns to the ATO. Generally, you need to deduct their tax dues at source and pay these to the authorities and make sure that each individual receives documentation that keeps them up to date with their affairs. Yet this may not be the end of your obligations as far as staff taxation is concerned, as you may need to take into account what the government euphemistically calls their fringe benefits.…
To most people, the work of an accountant is to simply do business math. As a business owner, hiring the services of an accountant can drastically improve the fortunes of your business. The accountant helps you get an accurate picture of your business’s financial position, which is critical in decision making. Below are several other reasons why you should have an accountant in your organisation.
Calculate profit and loss
The primary reason why people start up businesses is to make profits.…
