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finance is an activity that is very important

in Announcements Sat Oct 07, 2017 1:53 am
by wallaces • 716 Posts

challenging as it is rewarding Wholesale Kenny Stills Jersey , according to a recent survey of SMEs in Australia. The opportunity to create something out of an idea and watch it come to fruition is just one of the reasons why business owners love what they do. The one comment they all made however, was that sometimes they just needed to talk things over with someone outside the business, to get a better perspective on events or decisions.
There are business consultants who offer their services to SMEs to develop strategic plans and offer business coaching. There is no doubt that these can be of assistance to a struggling business. However, they take time to get up to speed with the issues, and they can be expensive for a small business. What was needed most was regular contact with someone who already knew the business, understood its challenges and strengths and could offer a quick opinion or exchange of ideas.
Business Partner Programmes Add Value to Client Businesses
Most small businesses already have an accountant Brisbane to audit their financial records and prepare tax returns. While these are essential services, some accounting firms are going one step further to give added value to their business clients. They are developing business partner programmes that package up a range of accounting and business development services. They then offer them to existing client businesses as an extension of their current service.
There are a number of benefits for a business to participate in a business partner programme with their existing accountant. They have ready access to an expert who already knows the business and who guarantees prompt turnaround when it is vital to get an answer quickly. The programme service standard promises a quick return of phone calls and emails, and there is always someone available to talk through an issue, offer advice or discuss ideas.
Fixed Price Contract Guarantees no Surprise Invoices
These are the things that most small business owners would love to do with their existing accountants. Often though, they struggle with cash flow and are reluctant to involve their accountant when they are not sure how much time they would be paying for. The budget for accounting fees often does not cover additional consultation outside of the annual audit and taxation work.
Business partner programmes are attractive to a small business because they are offered as a fixed price contract. Packages may differ slightly from one firm to another but typically they include advice on issues such as business management, bookkeeping, payroll and creditors’ advice Wholesale Ryan Tannehill Jersey , and assistance with human resource matters. A good service agreement should also include weekend and after hours email support, and guidance specific to the particular client's business.
Knowing what the annual cost will be up front gives business owners the financial flexibility to regularly approach their accountant for assistance without fearing a large invoice as a result. The relationship that develops improves the service the accountant can provide, as they have regular contact throughout the year and not just at tax time. The big winner though, is the business owners. They can confidently make decisions such as offering a new product or even sitting tight if economic conditions are not favourable.
A business partner programme essentially operates like a silent partner, helping the small business

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