Johnston Grocke

Why Do I Need an Accountant

As a start-up business you may have thought you weren't big enough to warrant the use of an accountant. If you've come this far without one, that decision has perhaps been justified.

But now you're up and running, the likelihood is you'll need professional advice sooner rather than later. You may be inclined to wait for that time to arise, but there are plenty of reasons why it makes sense to talk to an accountant straight away.

Today's accountants aren't simply figures people. An accountant can provide your business with not only bookkeeping and financial services but also a wider overall package of business advice and consultancy.

A good accountant will offer take care of your accounts but also offer advice on how to free up cashflow, make savings and raise capital for expansion. They'll know tax laws and legislation inside out and will be able to suggest ways that you operate more efficiently and tax savvy. Regardless of how good you think you are with figures, an accountant will find new ways to save money.

Just as important as saving you money, employing the services of an accountant will save you time. Administrating accounts is a laborious and time-consuming process and the bane of most start-up entrepreneurs' lives. But those entrepreneurs that go on to establish and grow their businesses will, invariably, bring in accountants to relieve the burden.

The reason for this is not the development of extra finances - although this helps - it's because it frees them up to spend their time to do what they're good at: running their business.

Working with an accountant might at first seem like an extravagance but it makes perfect business sense if it allows you to spend more time chasing new customers, exploring new avenues or training staff.

Accountants needn't be that expensive anyway. It's unlikely you'll need to employ one full time. Instead you can pay a flat fee for regular consultancy or pay-as-you-go. Most accountancy firms offer a range of packages for businesses of differing sizes and stages.

The rest of this section will help you find an accountant to suit your business and offer advice on how to get the most from them.

To plan a course of action which will ultimately lead to a better life style in my retirement 

To work on my business strategy, manage my business for greater profitability and help with my ongoing taxation compliance obligations

When I need help to negotiate the maze of options available to me and to make sure I am fully informed before making any decisions.

 

John Grocke - Principal

Financial Planner Dip FP, CFP Licensed Dealer in Securities & Registered Life Insurance Broker. Winner of the prestigious National "Securitor Adviser of the Year" Award for 2008.

Anthony Klatt - Principal

Financial Planner Dip FP, CFP, Grad Dip Mgt Licensed Dealer in Securities & Registered Life Insurance Broker.

Andrew Brown - Principal

Accountant BA(ACC) CA FTIA AICD Member of the Institute of Chartered Accountants and Justice of the Peace for SA

Mathew Wilkshire - Associate

Financial Planner Dip FP Licensed Dealer in Securities & Registered Life Insurance Broker. Winner of the prestigious 2009 Securitor "Rising Star of the Year Award"

Adam Grocke - Associate

Mortgage Specialist Cert IV Mortgage & Finance Services, AMC. Winner of the prestigious SA/NT Rookie of the Year Award 2008/09



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