SME business owners need to solve many problems, be it restricted cashflow, HR issues, competitors, Covid 19 complications, etc, etc. The only positive that comes from being in these situations is, SME business owners are not alone.
A good Accountant provides SME business owners with guidance and expertise on how to weather problem issues. Whilst a great Accountant will work with SME business owners in establishing steps to avoid or prepare for potential business problems.
So when should a SME business owner look for a new accountant?
Some SME business owners are lucky enough to find an Accountant who is there from the start of the business until when it is sold or until when the SME business owner retires. Whilst there are some SME business owners who seem to change their Accountant every few years.
We feel there are 3 factors that really set the tone for when a new Accountant should be found.
If the 3 factors of Trust, Timing and Value are not being met. Then it would be time to start looking for a new Accountant as those 3 factors are imperative for a SME business owner and an Accountant having a long and successful relationship.
Helder Kacomanolis CPA
Paul Griffiths is a Chartered Accountant with over 20 years assisting Australian Small Businesses with income tax, succession and tax planning matters.