A recent survey showed that only 28.7% of small business owners were happy with their accountant, and only half of those would recommend him to their friends because he was too busy already.
The following are the most common reasons small business owners give for their dissatisfaction. Do any apply to you?
1. The accountant in charge is not accessible and never returns phone calls. In the early stages he couldn't do enough. He used to come out to the factory at least once a year to have a look. Now he seems to have time only for the big fellows. It seems I'm too small for him to be bothered with.
2. I am forever being foisted onto less senior staff who just do not know the answers. They have to research the matter or get hold of someone more knowledgeable It means delays and wasted time that I am being billed for.
3. The change over in staff is frustrating. I have a complex structure and I have to explain it anew every time I visit. It would be lovely to build up a relationship with someone permanently. (or at least for two years in a row).
4. I deliver my work in plenty of time but the accountant sits on it like a clucky hen for months. Sometimes I receive fines from the Tax Office which are not my fault. My accountant reimburses me if I kick up a stink about it, but I am afraid I am building a bad reputation with the tax people.
5. Even though the work has been in his office in loads of time, the completion always seems to be hurried. Work is sent to me with errors. Surely this isn't right? Now, I insist on seeing the work in draft form first, and I am able to pick up most of the errors
6. He charges for everything. I rang him to point out a mistake his firm had made in my account and he charged me $35 for fixing it.
7. The fee he charges is out of all proportion to the service he gives! The fee goes up each year while his service gets poorer. I don't mind paying the appropriate fee but he charges like a wounded bull.
These are the perceptions only from disgruntled clients and may be colored by many things. They may be even untrue! I am sure that the accountant would tell another story, but?
Before you engage an accountant or even in dealing with your presentaccountant you should clarify his terms of engagement. You wouldn't go to a mechanic and say, "Fix my car. Do whatever you think is appropriate. Never mind the cost just send me the bill."
Nor should you with your accountant. Your accountant may be performing a service you don't need and don't use. How will he know if you don't tell him?
On the other hand, there may be a service you really do need which he is not doing. Ask him to give you an estimate. Don't be put off with,"It's a bit hard to estimate I charge an hourly fee".
Once his tasks for the year are nailed down why shouldn't he have an idea of how long each task takes.
The charge out rate for each employee may range from $35 to $200 dollars per hour according to the skill and experience of the employee. The Accountant should be able to estimate the fee using the rate for the appropriate employee. If during the year a specialist just happens to do some data entry over the weekend to get the task finished you shouldn't have to pay his rates.
The most important attribute of a good accountant is his ability to act as your confidante. You should be able to tell him anything.
You won't be able to if each time you are in his office you are worried about the fee he is going to charge for the visit.
Kelvyn Peters and Associates
http://www.profitstrategies4business.com
About the Author
Kelvyn Peters is one of Australia's longest serving Tax Agents. Kelvyn was registered in February 1962 and became a CPA in September 1964.
Kelvyn has served on many not-for-profit and charitable boards including St Aubyns Private Hospital, Alzheimer's Association, Older Peoples Advocacy Service and the Golden Years Center.
As a young man he won the Outstanding Jaycee Award three year's in a row. Kelvyn is a generous and kind man who loves helping people. Kelvyn feels their pain.
Kelvyn Peters was Mayor of Kingaroy Shire Council from 1977 to 1983 and campaigned as the 'Young Man of Action"
Over 20 years later he still regards himself as a 'Young Man of Action'.
He is a director of Restaurant Catering Qld Inc the peak employer representative in Queensland, and has advised the hospitality industry for many years.
His specialty is moving in to rescue an ailing business.
Kelvyn Peters CPA has spent over 20 years experimenting and researching methods to help small business in meaningful ways that are affordable.
tidy up service Northbrook ..Home based travel businesses are no longer the wave of... Read More
Opportunities for home show businesses have never been more abundant.... Read More
We visited Lexus USA, home of the Lexus North America... Read More
You only have so much time in a day right?So... Read More
A recent survey showed that only 28.7% of small business... Read More
There are only a handful of car wash franchises in... Read More
If you are a franchisee of a large franchise system;... Read More
Costs of over regulation and over disclosure end up hurting... Read More
So often small service businesses fail to exploit niches, which... Read More
Many years ago, I had warned the carwash industry of... Read More
Most small businesses simply go about their daily business and... Read More
Small business owners can relieve a lot of their own... Read More
Everyone is talking about small businesses. In 1993, when it... Read More
If you are worried about how many different business cards... Read More
Database Problems in MarketingI have been working on a direct... Read More
Often smart entrepreneurs look for out of the way businesses,... Read More
What image do you and your people portray to your... Read More
Large corporations use employee manuals to both educate employees about... Read More
If you're starting your own business or currently work for... Read More
A successful joint venture marketing effort is the goal of... Read More
What are the 5 best ways to gain new contacts?There... Read More
Am I the only one that does not have an... Read More
Many small businesses do quite well due to the blood,... Read More
Do you have all the customers your business can use?The... Read More
If you want to start a business in 2005, and... Read More
reliable home cleaners Buffalo Grove ..TACTIC #1 -- Never simply slash your prices, unless you're... Read More
All cities have a purchasing office and/or a procurement officer.... Read More
Do you own a franchised business? Over 400,000 franchised businesses... Read More
When you go into business for yourself, there are many... Read More
How many "get rich schemes" have you joined? Or have... Read More
What are the best methods for keeping a good business... Read More
If you are looking for a way to own your... Read More
While there are few career paths that some would call... Read More
If you want to start a business in 2005, and... Read More
I'll be the first to admit that I went a... Read More
When it comes to cost, how much can you afford... Read More
Anyone in business today realizes both the natural dependency on... Read More
Free money! Receive up to $25,000 that never has to... Read More
If you are a franchisee of a large franchise system;... Read More
As a franchisor I am always asked by new and... Read More
Business owners rarely go into business to deal with the... Read More
In today's economic climate, the first priority for the small... Read More
Deciding to start your own franchise is just one of... Read More
A suggestion box is a really good idea for your... Read More
First you have to start with knowing your budget and... Read More
Most small businesses incorporated in 2005 will fail by the... Read More
One of the most common horrific mistakes a business can... Read More
I believe the number one reason why a business will... Read More
Concrete Roof Tile Business: During the 2004 summer season, storms... Read More
Most smart entrepreneurs and all large corporations have Employee Relations... Read More
Small Business |