How a good accountant can help your business grow

Ask any successful business owner, and they’ll tell you their accomplishments are the result of collaboration. In fact, the most successful entrepreneurs regularly leverage advice from experts to make strategic decisions and improve their overall position.

A great accountant can quickly become one of these trusted business confidantes. Whether you’re a brand new start-up or an established industry power, an accountant can help you plan, strategise, and get the edge. Here are 15 ways that a good accountant can help your business grow.

A skilled accountant will:

1. Keep your financial affairs in order, ensuring you remain compliant with regulatory reporting, tax obligations, and other financial responsibilities.
2. Provide you with greater financial predictability by offering an accurate view of your incoming and outgoing cash flow. 
3. Save you time by ensuring your financial records are well-maintained, systemised, and automated where possible.
4. Save you money by legally reducing your taxable income, and by ensuring your business structure is both cost-effective and appropriate for your needs. 
5. Play an important role in facilitating informed and strategic decision-making, by providing easy access to up-to-date financial data. 
6. Offer ideas on how to improve your business, whether by conducting financial modelling, forecasting business growth, identifying cost-saving strategies, or monitoring industry trends.
7. Benchmark your business’ performance against key industry metrics, and help you to make improvements or adjustments where necessary. 
8. Connect you with other experts that can support your business goals. 
9. Support you in major investments, including new property or equipment purchases, and even the acquisition of other businesses. 
10. Support you in planning an exit strategy, which can encompass business valuations and other detailed documentation. 
11. Safeguard your wealth with legal asset protection structures.
12. Provide a sounding board and implementation plan for your wealth creation ideas, while expertly assessing the pros and cons of each potential strategy. 
13. Help you plan for the future, encompassing your short- and long-term financial goals both personally and professionally.
14. Communicate in simple, easy to understand terms that give you the confidence and knowledge to move forward.
15. Provide you with peace of mind that your financial security is in good hands.

At Hatcher, we build meaningful partnerships with our clients. We work with leaders, owners, and entrepreneurs to grow the wealth and scale of their businesses. We’re proud to help our clients make empowered decisions, so they can have a greater impact on the world.

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We focus on the humans behind the business – the people who are core to its success. If you’ve got ambition and passion, we’ll help figure out the rest. To get the right experts in your corner connect with our team of expert accounts and trusted advisors today.