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What You Need to Know About an Accountant

Posted On : Aug-29-2017 | seen (1176) times | Article Word Count : 445 |

When it comes to the role of accountant, the main thing that strikes our mind is “The accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of business, organization or company's financial operations.”
When it comes to the role of accountant, the main thing that strikes our mind is “The accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of business, organization or company's financial operations.” Apart from this, many roles and responsibilities are being portrayed by experienced accountants in Parramatta. Here given are the few:

The accountant you choose should:

- Prepare profit and loss statement on behalf of a business

- Setup accounting practices and procedures for new companies and advice on how to manage these.

- Analyse budgets and other financial information and advice where savings could be made.

- Provide tips and advice to reduce taxes

- Help to produce budgets for businesses and implement strategies for cost savings.

- Ensure company accounts and tax returns are prepared and filed correctly and on time.

Accountants you choose should also be responsible for assisting with tax-related issues usually can do so in two areas: tax compliance and tax planning. Planning refers to reducing your overall tax burden, and compliance refers to obeying the tax laws.

The important role of an accountant is auditing. There are many levels of auditing ranging from simply preparing financial statements to an actual audit, where the accountant or other third party provides assures that a company's financial information is accurate.

Choosing the Right Accountant

Choosing the right accountant in Parramatta who portrays the above-given roles and responsibilities is a daunting task. The best way to find the right accountant for your business is by getting a referral from your attorney, or a business colleague. You can also check in with the forum or the website of Certified Public Accountants in your state, which can make a referral. And also be sure to ask references only from the clients related to your industry. Call them to find out how satisfied they were with the accountant's services, fees, and availability.

After picking up the top performers, ask about the fees and charges. Most accounting firms charge by the hour and others prefer monthly payments. Make sure to get quotes from different accountants, and choose the best.

Don’t make a decision solely based on their costs, keep in mind, as an accountant who charges higher hourly rate is likely to be more experienced and able to work faster than a beginner who charges less.

These are few of the important things you need to keep in mind while choosing an accountant for your business.

Choose the right accountant to keep your business on track!

Article Source : http://www.articleseen.com/Article_What You Need to Know About an Accountant_320822.aspx

Author Resource :
The author is working as an accountant in Parramatta. He likes to write articles regarding accounting services, and in this blog, he explains about the advantages of choosing tax accountants in Parramatta for your business. For more details, visit https://accufin.com.au

Keywords : accountants in Parramatta, tax accountants in Parramatta,

Category : Finance : Finance

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