Knowing when to call your accountant
Most business owners only think about calling their accountant once a year, around tax time. But a good accounting relationship works best when it's ongoing, not just an annual check-in. The tricky part is knowing when something is worth raising sooner rather than later.
Here are some of the signs worth paying attention to.
Your cashflow keeps surprising you
If money feels tighter than it should be, or you're regularly caught off guard by a big bill or a slow month, that's worth a conversation. A quick chat can often uncover a pattern you hadn't noticed, and get a plan in place before it becomes a bigger issue.
You're making a big decision
Taking on new staff, buying equipment, expanding into a new area, or considering succession planning are all decisions that carry financial weight. Talking these through before you commit gives you a clearer picture of what they'll actually mean for your business.
You don't fully understand your own reports
If your financial reports feel like a foreign language, that's a red flag worth acting on. You should always have a clear sense of how your business is performing. If you don't, it's time to ask.
Compliance requirements have changed, or you're not sure
Rules around tax and reporting shift from time to time, and IRD requirements aren't always straightforward. If you've heard something's changed but you're not sure how it applies to you, it's far easier to ask early than to sort it out after the fact.
It's been a while since you've had a proper review
If it's been more than a year since you sat down and looked at the bigger picture of your business, that alone is a sign it's time. Regular reviews help keep small issues from becoming big ones.
A full strategic review, when you need one
Sometimes a quick call is all that's needed. Other times, it's worth stepping back and looking at the whole picture. That's where our full strategic review and advisory service comes in. We work alongside you to understand where your business stands today, where you want it to go, and what needs to happen to get there.
This is exactly what our Prosperity Check is built for. It starts with a short discovery questionnaire, followed by a one-hour meeting to talk through your priorities. From there, you'll receive your own Prosperity Checklist, a clear, actionable list of recommendations tailored to your business.
If any of the signs above sound familiar, don't wait for the next tax season. Give us a call any time, or book a complimentary review meeting with Shannon to see how a Prosperity Check could help you move forward with more clarity.
Most business owners only think about calling their accountant once a year, around tax time. But a good accounting relationship works best when it's ongoing, not just an annual check-in. The tricky part is knowing when something is worth raising sooner rather than later.
Here are some of the signs worth paying attention to.
Your cashflow keeps surprising you
If money feels tighter than it should be, or you're regularly caught off guard by a big bill or a slow month, that's worth a conversation. A quick chat can often uncover a pattern you hadn't noticed, and get a plan in place before it becomes a bigger issue.
You're making a big decision
Taking on new staff, buying equipment, expanding into a new area, or considering succession planning are all decisions that carry financial weight. Talking these through before you commit gives you a clearer picture of what they'll actually mean for your business.
You don't fully understand your own reports
If your financial reports feel like a foreign language, that's a red flag worth acting on. You should always have a clear sense of how your business is performing. If you don't, it's time to ask.
Compliance requirements have changed, or you're not sure
Rules around tax and reporting shift from time to time, and IRD requirements aren't always straightforward. If you've heard something's changed but you're not sure how it applies to you, it's far easier to ask early than to sort it out after the fact.
It's been a while since you've had a proper review
If it's been more than a year since you sat down and looked at the bigger picture of your business, that alone is a sign it's time. Regular reviews help keep small issues from becoming big ones.
A full strategic review, when you need one
Sometimes a quick call is all that's needed. Other times, it's worth stepping back and looking at the whole picture. That's where our full strategic review and advisory service comes in. We work alongside you to understand where your business stands today, where you want it to go, and what needs to happen to get there.
This is exactly what our Prosperity Check is built for. It starts with a short discovery questionnaire, followed by a one-hour meeting to talk through your priorities. From there, you'll receive your own Prosperity Checklist, a clear, actionable list of recommendations tailored to your business.
If any of the signs above sound familiar, don't wait for the next tax season. Give us a call any time, or book a complimentary review meeting with Shannon to see how a Prosperity Check could help you move forward with more clarity.