A recently overhead conversation proved a reminder of how Trust and Communication are the most important aspect of ANY business relationship but even more importantly with your Accountant.

In my personal opinion, how you value your time is one of the hardest decisions a business owner has to make and normally we’re really bad at deciding how much we should charge. But why?nnWe normally know what we want to charge for our services and our time but almost feel apologetic for charging that amount, so we don’t.

It’s an important decision…nnChoosing an accountant to work with can be a difficult, but really important decision to make. There are so many accounting businesses out there – all different shapes, sizes, qualifications, and experience!nnWhat can they all do and how do you know it’s the right choice for you and your business?

“Working with a good Accountant is invaluable – it is not a cost. It is in an INVESTMENT.”nnThat’s quite a statement to make but is it really true?nnMany business owners pride themselves on how little they spend with their accountant. But this is one fee you shouldn’t look to cut.

As your business grows over time you need to start thinking about what you want to happen with your business in terms of sustainable success or succession planning.nnIs your business going to be linked to you forever, so when you stop working in the business it will close?

Are you happy?!nThis is the most important question to ask yourself. Are you happy with the service being provided by your Accountant?nnDo they communicate to you in the way that works for you and is there regular communication?nnDo they really understand your business?nnIf the answer to any of these is No, then you could be working with the wrong Accountant.

Have you just started a business but it’s not growing as quickly as you imagined, or have you been in business for a few years and seem to have hit a wall? Perhaps you’re not sure where to go from here or what your next steps should be…

So, Cash is King right??nnAbsolutely. But only if you know how you created it and how much of it belongs to the business.

In November, Troy Accounting turned 3 years old. So much has happened since Helen set the company up in 2016: