I can vividly recall a cheery conversation I had quite a while back with an entrepreneurial friend of mine down at Smokey Joe’s Small Business Bar.
For quite some time, my good mate, Jason, had been greatly concerned that his long-serving and highly-regarded accountant was finally retiring from business to go and live the rest of his life on an exotic private island, as far away from calculators and tax returns as it was possible to get.
Jason was doubtful that he would ever find a worthy replacement to sort out his tangled tax affairs, but he was still determined to have a go at hunting down the services of somebody who might just be nearly as good.
In the end, Jason’s patience and dedication in seeking out the perfect new candidate eventually led to a pretty amazing and completely unexpected result.
When it was time for Jason to file his next tax return, he was delighted to discover that his new accountant had saved him an incredible amount of money in all kinds of different areas that his previous accountant had either overlooked or just lazily ignored.
When I next bumped into Jason down at the bar, he was so thrilled with this surprising new development that he bought me a drink and told me all about it.
I was genuinely happy for the guy.
Maybe I shouldn’t really have asked him how he felt about all that money that he’d thrown down the drain over the last 20 years by sticking with a rubbish, over-priced accountant who was totally unsuited to Jason’s line of business.
That line of questioning seemed to puncture the jubilant atmosphere just a little bit…
It’s clearly of huge importance to get the right accountant working alongside your business to ensure that you don’t end up paying over the odds throughout the next 20 years!
But how exactly do you choose the perfect accountant to unscramble your Small Business Taxes?