The journey of a thousand miles begins with a single step – Lao Tzu
Tayo Elnathan is a CPA, CMA with A5 Taxservices.com was at the Taylor University yesterday to deliver a lecture on the importance of needing an accountant. The lecture was organised by Canadian Imperial Advantage and Canadian Imperial College. The hour long lecture was titled ‘Your Accountant and You’. She argued that accountants add value through ongoing performance measurement, tax
planning and navigating the wonderful but tumultuous world of Canada Revenue Agency.
It is a truth universally acknowledged that accountants are the established best friends of successful businesses. Most business owners will agree that your accountant is your best friend. They guide you to make a huge success of your business wherever you are. In many instances, your accountant knows more about the state of your finances than your partner. It is perhaps an understated truth that accounting is the language of business, accountants provides vital information regarding costs, revenues, financing etc. They help with budgeting and planning and they can guide in decision making and with your cash management.
Furthermore, accountants are able to give you the space to grow your business. They are equipped in engaging you with the kind of indepth conversations that has the potential to help small to medium size business owners focus on their entrepreneurial dream. They can help you see how you and your dreams align in reality and they can support you in making your dream a reality. Like Colin Powell said ‘ there are no secrets to success. It is the result of preparation, hardwork and learning failure.’
The importance of accountants cannot be understated. You can start late, look different, be uncertain and still succeed. Accountants can help with your performance management, business strategy, data management, ensuring compliance and reducing costs. Your relationship is an ongoing one rich with consultations and conversations – not annual compliance visit. Remember that your relationship with your accountant is a confidential relationship so feel free to open up so they guide you most strategically. Most crucially, it is important that you realise that you have hired the right accountant, open up to them to empower you with their skills and professionalism.
Where to find a good accountant?
A5 Tax and Accounting Services