Accounting
We all need an accountant – they go to university for ages and learn stuff that we don’t want to have to understand, so that we can stay compliant with the tax laws and so that they can help us manage our money properly. It’s an important part of running a business – forecasting cash flow, understanding the numbers and value of things and being able to make important business decisions backed up by accurate knowledge of your figures.
Not to mention planning your tax – making sure you pay only what’s is required by law and making sure you accrue for it and don’t get hit with a nasty shock come lodgment time.
Below are three we’ve worked with and like. All three provide the basics plus advice and consultancy to business owners about using the finances to help steer the business and about the important business of managing the money that you take out of your business, too.
As your business grows and your financial affairs get more complex (acquisitions, floats and capital-raising are examples of things you may be doing) you may find you need more than an external consultant for your financial arm. A full-time Financial Controller or Financial Director is expensive but it’s possible to employ these high-level resources on a part-time basis, so you can have access to the amount of resource you need.
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