{"id":6599,"date":"2021-02-03T03:23:52","date_gmt":"2021-02-02T14:23:52","guid":{"rendered":"https:\/\/theaccountinghub.co.nz\/resources\/why-you-need-an-accountant-and-how-to-choose-one\/"},"modified":"2021-02-03T03:23:53","modified_gmt":"2021-02-02T14:23:53","slug":"why-you-need-an-accountant-and-how-to-choose-one","status":"publish","type":"resource","link":"https:\/\/theaccountinghub.co.nz\/resource\/why-you-need-an-accountant-and-how-to-choose-one\/","title":{"rendered":"Why you need an accountant and how to choose one"},"content":{"rendered":"
<\/div>\n

Why accountants are necessary<\/h3>\n

Unless you’re an experienced accountant yourself, it’s always best to have an expert overseeing your financial business affairs. As a business owner, you’ll probably be juggling several roles, but it’s not wise to spread yourself too thin where money is concerned. And even though accounting software does most of the hard work (reconciling bank accounts and even producing draft profit and loss accounts), accounting software doesn’t actually think. This is where the expert comes in.<\/p>\n

Preparing end-of-year reports and filing taxes can be complicated. If you’re not doing it right, you could be liable for penalties, or at the very least, not taking advantage of tax gains and financial opportunities. An accountant can not only make sure your business remains compliant (and pay as little tax as possible) but also help you analyze your business performance and work with you to achieve your goals.<\/p>\n

Aside from records and taxes, your accountant can – and should – become one of your most trusted advisors. They haven’t spent all that time learning about financial systems for nothing, so they can become a valuable mentor. If your business gets into trouble, they’ll be the one to guide you through the minefield and back on track.<\/p>\n

Finding the right accountant<\/h3>\n

For obvious reasons, choosing wisely is important. So, when you’re doing your research on accountant options, keep the following in mind:<\/p>\n