On the hunt for an accountant? The ”Must Ask” questions when considering a new accountant.
A common situation I find on forums, and shamed to admit – with my own clients (sometimes!), is that they are scared to ask questions as and when they come up.
What’s your view? Do you contact your accountant as the need arises, or worse – when the transaction/event has already happened and nothing can be done?! […]
Time and time again I hear (and witness) clients simply signing off on a Return their accountant has sent them. Big mistake! Surprisingly, accountants are only human. Some tips for you to check and look out for when you receive your Business Activity Statements or Tax Returns for any entity type.
Mention that you are an accountant at a dinner party and most people are unsure how to respond. Typically, people want advice on reducing their income taxes or how to open an off-shore bank account where they can secretly squirrel away their savings. It can also be a total conversation killer.
After all, I can’t think of many action/adventure film where the main character is an accountant. However in a world where there are two certainties – death and taxes – it really isn’t such a strange career choice. Somebody has to count the beans!
The truth of the matter is, most people don’t like the thought of having to keep accurate records and who has the time to read through complicated tax laws written in a language that vaguely resembles English? Enter: Your friendly local accountant.
When Governor Phillip came to NSW in 1788, he brought with him a Royal instruction granting him authority to impose taxes as a means of raising money to the benefit of the colony. Well, it seems that it was a success
because we’ve been paying taxes in one form or another ever since. Taxes were levied to help build the first jail in Sydney. Then, as now, accountants worked on both sides of the fence. […]