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.
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
accountantalso
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.
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