How can a chartered accountant help you?
r if u are chartered accountant the what's role of u....?
British royal charter of the nineteenth century coined the term "chartered accountant" that grew widely in the British Commonwealth and the concept is ruling the whole world now. In U.S, accountants are commonly known as "certified public accountants," whereas in Canada, they are either known as "certified management accountants" or "certified general accountants. In UK and India these professionals are known as chartered accountants only. It is a difficult task to hire an individual chartered accountant or chartered accountant firm India for your business. But the fact is that it does pay to hire a chartered accountant even if you are in a small business. These accounting professionals can help you minimize your business costs and negotiate the minefield of complex financial rules that exist around your business.
If you want to understand how a chartered accountant can help you in your financial matters and what an accountant can do for you, then this article can be of great help. Lets find out:-
A good accountant can help you with a number of things, including:
Planning your taxes.
A chartered accountant can provide you with the right advice in producing financial reviews and reports in a running business. Most of the people think of chartered accountants to facilitate them with just taxation services but in practice there are so many other financial matters like setting up finance and bookkeeping systems, general accounting services as well as negotiating leases that are provided by the accountants.
Planning your business.
Every accountant who is an expert in his niche will also act as a business consultant. Through their ability as an accountant they can tell you if business decisions make sense or not, and how to make changes to pricing and cash flow. Often, an accountant is the most trusted business advisor you will have.
Client/Business Networking
Chartered accounts usually have a large network of clients and financial advisories through which they can help you by putting you in touch with potential clients or business partners. You may need financing, and your accountant may know someone who is look to invest, and can help put the two of you together. It's better to form a kind of intimacy with your chartered accountant as he/she may even be able to refer new customers to you. If you pick an auditing consulting firm with the right connections then you will surely benefit from this.
The practices have revolutionized and the businesses have undergone a vast change from yesteryear. In the present scenario it had become vital for companies and individuals to hire someone whom they to rely on for logical business advice. Chartered Accountants or a business advisory company are the only ones to show you clear path through the muddle of the modern business world.
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