Bookkeeping, Payroll & Tax Solutions for SMEs in Australia

Posted by Prudent Outsourcing Services on August 26th, 2016

Choosing an accountant for your small business is very much like choosing a business partner: you need the perfect fit. A good accountant is someone you can trust and depend on—someone who offers useful guidance and advice that can save you money and help you grow your business. What should you look for when hiring an accounting firm to handle your SME’s bookkeeping, payroll, and tax needs? Here are some things to keep in mind when choosing an accountant for your SME:

1. Look for a one-stop shop. It makes sense to have just one company handling all your accounting needs as a small business. Choose a company that can provide all essential services under one roof. The best SME accountants in Australia offer fully managed bookkeeping, taxes, and payroll done by professional CPAs to ensure that you and your business are complaints at all times. They also offer add-ons that you can use as your business needs evolve.

2. Go with an SME specialist. The top accounting companies for small and medium businesses in Australia have years of experience helping SMEs and startups. They are very familiar with the unique needs of a business of this size and can offer cost-effective solutions. Choose a company that handles a wide range of SMES, from hospitality to retail to ecommerce. Some of the best SME accountants also have clients in the property and healthcare industries.

3. Say no to long-term contracts. Choose a company that offers dynamic pricing so that you can scale up or scale down as necessary. As a small business, you don’t want to be tie up your resources in complicated contracts. They should give you the freedom to cancel anytime.

4. Does location matter to you? If you feel comfortable collaborating via emails, video-conferences, and phone calls as well as using accounting software, then you can hire an accountant or accounting firm anywhere in Australia. But if you prefer face-to-face engagement and need someone who can attend meetings with you, then you may need to find accountants with offices nearby.

Are you serious about growing your small business? Then you need an experienced and capable SME accounting firm that can manage one of the most important elements of your company—its finances. Working with the right SME accountant can save you time and serious money year after year.

About the Author:

Established in 2014, Prudent Outsourcing Servicesis Australia based premium provider of quality accounting and bookkeeping services. We are a team of professional CPAs, dedicated to offer affordable accounting, bookkeeping and payroll services to start ups, small and medium sized businesses. Our innovative and experienced accountants are available to cater 360° managed solutions to various industries like Food & Beverages, Hospitality, Retail, It & eCommerce, Health Care and many more.