Your chosen accountant will likely take on many different roles that aim to benefit your business. From supporting your growth plans, ensuring you are compliant with HMRC regulations, helping you to become more tax efficient and so many other areas of your business, your accountant will prove to be an invaluable asset, but they can only do this if you know how to work effectively with them.
So how can you ensure that this happens? Take a look through some of our top tips that have worked well for our clients when working alongside us!
Ask the right questions
Don’t be afraid to ask your accountant questions on any number of areas of your business. Whether you’d like to learn more about tax returns, their opinion on your business’ growth plans, simple business administration or any number of other business related questions, they will be on hand to provide their expert support.
Keep in regular contact
Communication is key for any business, not just internally but to your third party suppliers, and your accountant should most certainly be included in this. We find that having a regularly scheduled meeting with our clients, whether in person, by phone or by zoom, goes a very long way to understand your business and its goals (as these will likely change often).
Utilise the cloud
Research carried out by Business Zone, found that 30% of accountants and businesses collaborate through the cloud. Of course, if lockdown taught us anything, it is that the cloud is invaluable in increasing engagement and business efficiency.
Organisation is key
Of course, in order for your accountant to carry out work on your behalf (such as tax returns or analysing your business’ financial standing) they will need to have accurate and up-to-date records from you, therefore organisation is critical!
Ultimately, your accountant is there to ensure your financials are taken care of, leaving you free to run and grow your business effectively. If you want to find out more about how Ellis & Co. supports our clients, take a look through our testimonials here.