Regardless of whether you are an established and well-known business owner or a start-up entrepreneur starting your business life, financial planning is paramount for the success of your business. Managing your finances is easier said than done: not only do you have to carefully assess your business operations and to decide your monthly budget, but you also need to have some money aside, for unforeseen events that may occur. This is where a professional and fully certified financial advisor can help you by providing customised financial advice.
Why is it important to get financial advice?
A skilled financial advisor will not only help you meet your current business goals and provide day to day accounting support such as managing your budget, but can also work with you to grow your business and future proof any of your investments.
If you are just getting started in business then you certainly need a financial advisor to help you monitor and manage your portfolio holdings. The thumb rule is never to invest more money than you can lose without worrying that your company will be affected. Most business owners want their business to provide them with an income so by taking the advice of a financial advisor you can make wise financial investments that will eventually deliver a positive return on investment.
If you have decided to grow and expand your business, then a professional financial advisor will help you assess and select the most suitable investment products that match your future goals and current business profile.
Legal requirements & taxation
Sound and up to date financial advice is crucial for any business, particularly for those who employ staff, so you can be sure you are meeting your legal requirements. Accountants and business advisors can help you negotiate the ever-changing financial regulation environment so you are always meeting your tax requirements.
Every business owner has a series of financial obligations that must be met, such as managing your tax returns, and it is important to stay on top of these requirements to prevent any unpleasant tax-related situations that could jeopardise your business. If finances aren’t your strong point then avoid the stress and potential pitfalls with the help of a specialist tax accountant.
What Should You Expect From Your Financial Advisor?
Ideally, a financial advisor should be able to conduct thorough reviews of your business strategy on a regular basis, in order to provide accurate and up-to-date advice. This is the only way to make sure that you will always stay on course with your business investment, and that your investment strategy is adjusted in real-time, for the best results.
A skilled financial advisor will be able to come up with both short-term and long-term investment strategies to help you achieve your business objectives, and he should always give you a realistic and unbiased insight into the risks and benefits of each of your business investments.
These are only some of the reasons why business owners should consider getting professional financial advice. If you are in the Wellington area, Count On Us are a team of professional chartered accountants that are ready to provide personalised accounting advice in Wellington, budgeting and tax return information to their clients. More information on the available services can be found on their website, www.countonus.co.nz.
Contact our friendly team to make a booking!