How to Find the Best Accountants in Australia
Looking for the Best Accountants in Australia can be a very daunting task. This is because of the fact that accounting is a very broad subject, with accountants specializing in different fields. However, no matter what you ultimately decide on, it’s always best to do your due diligence and research. Doing a background check on the company or individual that will be handling your finances is always recommended, as this will provide you with a good indication of what you’re getting into.
For instance, you should look into the accountant’s qualification. A number of these types of firms are self-employed individuals, so it’s important that they have attained a certain level of education and experience before taking on the job. As well, if you live in an area where there is a shortage of accountants, you could ask around among friends and acquaintances to find one who could fill in your position. You may also contact the local accountant association to find out more about accountants in your area. Accountants are licensed by the Australian Securities and Investments Commission (ASIC).
It’s also important to consider how the accountant will handle the financial paperwork. Will they use an accounting software package, or will you be required to create them? How would billing and records be handled? The accountant’s website will usually list their contact details along with their available services, so take time to review what’s on there.
Another thing to consider is the accountant’s level of expertise. Will they manage your tax affairs, or will they operate solely under the direction of the company that employs them? Once again, contacting the local ASIC could help you find the best accountants in Australia for your requirements.
In order to find the best accountants in Australia for your financial needs, you should first decide what aspects of your business need expert assistance with. If you’re a small business, then it’s likely that you’ll only need assistance with processing payroll and employee benefits. In most cases, the company that employs the accountant will take care of this aspect of the business. If, however, your company is larger, then you may have a slightly more complex payroll process and need the expertise of a Certified Public Accountant.
In addition to hiring the accountant to handle your company’s finances, you may also want to choose an accountant based on their experience. Accountants can earn a varying amount of money depending on how much work they do. Some can work for small businesses and make anywhere from six to forty thousand dollars per year. More experienced accountants can earn anywhere between one and twelve million dollars a year. Choose an accountant with experience in the line of business you operate in, to ensure they’re properly qualified to handle your financial matters.
Even if you are not a large company, you should still consider spending some time looking at the professional qualifications of any accountant that you are considering. The most important thing to look at when it comes to accountants is their tax credentials. If an accountant has ever been charged with criminal wrongdoing or tax fraud, it’s best to avoid them. After all, you wouldn’t want any of your tax money being used to assist an accountant that helped get your company into trouble in the first place!
Apart from experience, there are other important things to look at as well. For example, how long has the accountant been working for their current employer? You should also inquire about their educational background, as the number of years they’ve worked with a particular firm will reflect directly on how much they know about the inner workings of the financial firm. What’s the company’s customer satisfaction rating? It’s important to choose an accountant that is highly rated by customer service surveys, as the majority of customer satisfaction surveys ask customers to rate how helpful an accountant is in helping them with their tax issues. Finally, don’t forget to ask about the type of software that the accountant uses, as this can greatly impact how efficiently you can process your tax documents.