About Accountants and Services

What is an Accountant?
A qualified accountant is a person who has qualified by examination, received training and is skilled in the practice of accounting. Accountants work in either the public sector or the private accounting sector. An accountant is generally responsible for advising on the financial aspects of a business, as well as reporting on its financial results and looking after compliance matters such as taxation, regulations and government legislation.

A non-qualified accountant is a person who  has  not formally qualified by examination, but generally has the experience, knowledge and the skills to perform many of the functions expected and provided by a qualified accountant.

Accountants can be an Asset
There will always be times during the operation of your venture that you will need professional assistance with certain areas of your business.

Many larger businesses can afford their own in-house accountants. However, most small and medium businesses either do not need a full time accountant or cannot afford to employ one as a member of the staff.

In these cases an outside professional accountant is consulted for advice.

Advice will be for financial matters, funding, accounting systems, business records and taxation, etc. Having a good accountant, as an independent advisor is a big asset to any business.

Who can be an Accountant?
Accounting firms come in a varied range of sizes and expertise. Some specialise in complex business areas, while others are no more than highly paid bookkeepers looking after the simpler side of accounting, such as tax returns, bookkeeping records, etc. You will be able to find an accountant who can provide the type of service your business requires.

Accountants usually charge on an hourly rate basis. This rate can vary from $50 an hour to $300 an hour, depending on the type of work done and the complexity of the assignment.

Accountants help prevent Business Disasters
Most business owners only meet with their accountants once a year. This is usually just before tax time. However, accountants are much more than just once a year advisors. Businesses should see their accountants as  financial advisors who can be consulted on many issues during the year regarding the business operation, especially in regard to strategies for making it more profitable. Taxation is only one aspect of what an accountant can do for you.

It is sometimes better  to seek your accountant’s expertise on how to make your business profitable,  than only  finding ways to save tax. A good accountant can help prevent business disasters and financial catastrophes that can cripple your business.

Accountants are independent. As they are not involved on a day-to-day basis with your business they can give expert analysis of your operation from an outsider’s point of view. They possess the value of being entirely independent on all your business issues.