Choosing a company that offers the best tax services to assist with all aspects of your tax and accountancy work can be a challenge. How can you work out which one is going to provide the input you’re looking for at the same time as offering exceptional value and an accessible service delivered by professionals that you can relate to?
We can help! As an experienced group of tax and financial professionals, we have a good insight into the characteristics that make a company the best. Discover what to look out for, as well as why a face-to-face or zoom consultation prior to entering into a contract can make all the difference.
Appropriate Experience
When you’re looking for a company to provide assistance and advice on everything from business tax to tax planning, tax returns, financial processes, and more, you need an organization that’s experienced in working with companies like yours. Some accountancy companies specialize in SMEs, or large, multi-nationals. Some are particularly skilled in catering to the needs of a particular sector (mining specialists, for example, or specialists in the financial challenges and opportunities facing agribusinesses).
Ensure that you find tax services that are delivered by people who have a sound insight into your type of business.
Responsive Tax Services From People That Listen
To be effective, tax services need to be tailored to suit your individual needs and aspirations. If you intend to grow your company in the next year or so, for example, your tax obligations should be handled differently than if you wish to sell up or realize some assets, effectively downsizing your operation.
Find tax professionals that are going to listen to what your aims and requirements are, and who then have the capacity to help you achieve your goals.
Multi-faceted Approach to Tax Services
Some companies purely specialize in accountancy. Others are experts in estate planning, or business management, or investing. To get the best support possible for your company, ideally you need tax services from a multi-disciplinary team of providers. Having access to tax, financial, estate, and property management experts all at the same time ensures you receive the very best advice. It means there’s a pool of expertise available to deal with cross-cutting issues.
Your business has multiple needs – a multidisciplinary team is likely to meet these needs in a holistic, joined-up manner, ensuring you end up with a solution that’s a good fit.
Scalable Tax Services
It’s unlikely that your business is going to stay the same over the next few years. As you change the size of your business, be that through growth or through a reduction in production, it’s vital that your tax service provider can scale their services to meet your needs.
Scalability should extend not only to growth projections – but it’s also important to have access to expertise to cover the breadth of your plans. Ideally, your tax service provider should be able to advise on the tax implications of everything from investing in property to taking on more staff, investing profits, and forward planning to minimize tax burdens moving forward.
Be a Source of Expertise
Growing a business or increasing personal wealth is rarely easy. If you’re working hard to achieve your financial aims, having access to a source of financial expertise that you can trust to deliver sound advice and recommendations is important.
Your accountant/financial advisor needs to be a professional you can rely on not just to do the basics, but to go above and beyond. It’s also important to enlist the services of professionals that are accessible – when you need fast advice on a matter, for example, or rapid access to key financial information to inform decision-making, the tax services you pay for need to be flexible enough to meet your needs.
Dedicated to Saving you Money and Optimizing Your Bottom Line
In general terms, the cost of employing professionals to provide tax services should be more than recouped by the savings you accrue by using them. Ideally, the accounting services you choose to use should provide a proactive tax planning and tax resolution service that’s designed to reduce your tax obligation both now and in the future.
Does the Hard Work so you Don’t Have to
Taxes are a concern for almost every business owner or private individual. Tax law is complex and the fear of ending up inadvertently owing the taxman money is real. When selecting tax professionals to assist with your financial affairs, they should be capable of ensuring that your accountancy processes and information are both accurate and compliant with current legislation.
No matter what condition your financial processes are in, your tax service provider should have the capacity to bring them up to standard, quickly and accurately.
Capacity for Trouble-shooting, Problem Solving, and Financial Risk Mitigation
If your corporate or personal finances aren’t in great shape, you’re clearly in need of sound financial advice. In these circumstances, your accountant or tax advisor should have the capacity to help. Obviously, if your business is in difficulties, you may not have had access to the financial information and high-grade advice you need for good decision-making.
To get back on the right track, select a tax professional who’s going to provide sound, realistic advice as well as have the capacity to minimize current and future financial damage. Admitting your business isn’t doing as well as you’d hoped can feel humiliating, which is why whoever provides your tax services needs to be non-judgmental, empathetic, and focused on finding a way forward.
In it for the Long-term
Like any other relationship, the one you have with your tax services provider is hopefully one that will flourish over time. The best accountants and financial advisors usually find the bulk of their business is made up of long-term clients who are happy with the services they’re receiving. We’re one of the top-rated firms in Charlotte, see our reviews on Google.
If you’re looking for tax services from dedicated professionals who tick all the boxes listed above, get in touch with the team at Basta + Croop. We provide a complete suite of client advisory services, offering sophisticated financial planning and strategies that are geared to optimizing wealth creation and consolidation for businesses and individuals.