If the continuing popularity of do-it-yourself reality programmes on television is anything to go by, people just love to try their hand at things they would not normally do. Cooking, landscaping, gardening and home renovations are just a few of the programmes on offer that show viewers how to gain the skills to make a reasonable job of these tasks. Even though viewers may be dentists, physiotherapists or truck drivers, and have none of these other skills, they still want to whip up that fantastic dish or design a stunning bathroom.
It is not surprising, then, that many people think they can also do their own taxation and accounting work when they have received little in the way of professional training. Sole traders often fall into this trap, believing that they are saving money by doing everything themselves. The reality is, however, that they are establishing a pattern of behaviour that strangles growth because they are trying to work the business and do their administration at the same time.
Years of Study Required to Become an Accounting Professional
Taxation and accounting are both financial disciplines that require years of study and training. The knowledge needed just to understand and interpret our taxation laws requires qualified professionals. Why would anyone act on advice about something as important as tax unless that advice came from Affinity Accounting Plus?
This professional accounting firm offers a range of services to business owners and operators that will significantly improve their business situation. As well as preparing and lodging tax returns on behalf of clients, they also provide comprehensive financial management advice, long-term tax planning strategies and they can also assist with systems to manage daily operational processes such as payrolls, inventory, debtors and creditors. They will also work with their clients throughout the year providing specialist taxation and investment advice.
No one in business wants any surprises at the end of the financial year from unplanned tax liabilities. The team of accounting experts at Affinity Accounting Plus ensure that their business clients are using their equity and assets to their fullest potential and that every possible legitimate tax deduction has been identified and claimed. Many opportunities occur throughout any business year that can significantly improve profit, but if business owners are doing their own accounts without any assistance from trained professionals, these opportunities are often missed.
Have a Professional Eye Cast over Your Monthly Accounts
Sound financial management is the cornerstone of every successful business. The best product, top quality service and sharp marketing will all come to nothing if the financial side of the business is not being correctly recorded and monitored. An accounting professional will review end of month reports and provide an in-depth analysis of the results. Suggestions for improvement, advice on how to correct any anomalies or how to keep the lid on budget blow-outs are all services a professional accountant will provide.
Even PAYG taxpayers preparing their very first tax return take their information along to an accountant to make sure they get everything right. Why, then, would a business owner or operator with little knowledge of the correct way to set up and operate business accounting systems try to go it alone? Step away from this madness now and go to http://www.affinityplus.com.au/ for detailed information on their services and why you should not be left alone with a set of accounts.
