Choosing a reliable and efficient chartered accountant is crucial for the growth and success of your business. You need someone who well understand your underlying vision, business objectives and can assist you in several financial and legal matters. The advice given by chartered accountant influences your business decisions to a considerable extent.
A chartered accountant should not only be experienced but also possess huge wealth of knowledge to serve your needs. He should have the ability to plan short and long term investment plan that best matches the structure of your business. In addition he should be well versed with business ownerships, retirement plans, organizing payrolls, expense management and state-of-the-art software to facilitate flexible bookkeeping.
Before appointing anyone as your chartered accountant or tax advisor fix a meeting with him and discuss the issues and challenges before your business. The discussion will help you to ascertain to what extent he understand your needs and interacts with you. You should also discuss your future plans with him. He should possess the ability to plan short and long term investment plan that best matches the structure of your business.
A chartered accountant prepare your personal and business income tax returns and help you in minimizing the amount of tax you need to pay. You just need to provide them all the details and leave the rest to them. They will use the information and plan a long term strategy for you. They also advice you on a wide range of issues such as, sale of shares or property, business acquisitions or disposals and determining the best tax structure.
A chartered accountant also help you in business valuations, payroll services, accounting services, strategic planning and salary packaging, financial statement preparation and computer accounting software. A chartered accountant is of immense help. They not only help you in financial planning but also assist you in setting up your business and its future expansion and diversification. (