Talking Cents

Public Accountants And You: What Can't They Do?

With a public accountant, challenges related to financial record keeping just seem to melt away. Whether you need your tax return filed or need a cash flow analysis for a small business, there's always a public accountant that will be able to help you. In fact, thanks to the versatile nature of public business accountants, it's almost tempting to list out what they can't do rather than what they can do in the interest of saving time. In the interest of clarity, though, we'll instead be focusing on celebrating the amazing services these outstanding professionals can provide, so if you're still on the fence about whether or not you'd like to work with a professional accountant, read on!

Taxes? No Problem
You need to fill out a tax return form every year. Yes, the government has a record of how much you were paid, and yes, generally speaking and in a perfect set of circumstances, they should be able to calculate your tax obligations for you and it could all happen behind the scenes, but in reality, that's an easy way to end up paying too much tax year after year.
In Australia, most business expenses are tax deductibles. The government has no way to know how much money you had to spend this year to earn your income, so while you've likely paid tax on your total taxable income, that value is probably going to be too high each year, and to get your hard-earned money back, you need to fill out a tax return form correctly, which is an arduous, difficult, and sometimes painful task.
With a business accountant, no such pain exists. The accountant handles your tax return for you, so you'll be able to focus on what matters to you. It really is that simple.

Starting A New Business? Let The Professionals Help
If you're starting a new business, you probably understand the value experience can hold. After all, the thing that separates a hobbyist from a professional is passion and experience, so why try to handle your business accounting on your own? When you work with a professional business accountant, they'll be able to help you with every aspect of your business accounting, making sure everything is moving smoothly and is in line with government regulations. Finding a price for that sort of peace of mind sounds difficult, but it really is as simple as paying the consulting fee of any good business accountant.

Convinced Yet?
At the end of the day, there really is no reason not to work with a good public business accountant. In most cases, they'll save you more than they cost you, and the only real choice is which business accountant you'll work with. Thankfully, the M.A.S Partners make that choice simple, as our business accountants really are the best around. To speak with our team of small business accountants in Sydney about what we can do for you, call us on (02) 9211 5000.