| In a nutshell exceptional business accountant are well | | | | and who has a network - formal or informal, of |
| trained, experienced accountants who work well with | | | | business accountant they regularly collaborate with.For |
| others. | | | | example bookkeepers, forensic accountants, fraud |
| For example, an accountant who is not a CPA yet | | | | accountants and investigators, enrolled (IRS) agents, |
| who is willing to call in specialists whenever and | | | | etc. |
| wherever needed is more valuable to you and your | | | | Exceptional business accountants with a network of |
| business than a hot shot expert who suffers from the | | | | accounting contemporaries, when they see a situation |
| NIH Syndrome (Not Invented Here) who is unwilling to | | | | outside their areas of expertise, that needs attention - |
| admit to their limitations and actively seek advice from | | | | can pick up the phone and get the right people on the |
| others on your behalf. | | | | case. In addition their relationships with their peers will |
| Each an every person involved in the accounting | | | | often result in free advice for you, since their |
| profession has their place. Some got very little tax | | | | relationships are likely to be build on the regularly |
| planning specific education in college, so what they | | | | exchange of information at no charge between them |
| know comes from real world experiences (theirs and | | | | and their accounting colleagues. |
| their contemporaries) along with their continuing | | | | And just as importantly, exceptional business |
| education studies. | | | | accountants have working relationships with parallel |
| They spend their careers certifying balance sheets, | | | | professionals, individuals and organizations whose |
| P&L statements, and dealing with various tax | | | | services are often required along with theirs - in order |
| compliance issues. As a business owner you know | | | | for your to receive the maximum benefits from your |
| this is a critical value your business accountants bring | | | | accountant's knowledge and expertise. |
| to the table, especially if you intend to seek outside | | | | For example Certified Financial Planners, Chartered |
| financing or you are dealing with an audit. | | | | Life Underwriters, Benefit Consultants, Estate Planning |
| Some business accountants focused on tax planning | | | | Attorneys, Pension Actuaries, etc. provide products |
| courses in college and continue to expand their tax | | | | and services that often dovetail with your business |
| planning education through their continuing education - | | | | accountant's advice. When your business accountant |
| because planning is what interests them. Tax planning | | | | knows, likes, and trusts professionals in these and |
| gets them excited and they devote themselves to | | | | other areas you are the beneficiary on many levels. |
| continually tweaking their knowledge in this ever | | | | Perhaps most importantly they have a history of |
| changing field. | | | | working together for their client's benefit making you |
| Once these business accountants get into their | | | | part of a successful and profitable (for everyone) |
| practice they are able to expand the practical | | | | process. |
| applications of these strategies and tactics on the | | | | Business accountants who are part of a mastermind |
| ground - helping real business owners make real | | | | group that includes these and other parallel |
| planing decisions that result in real profits for their | | | | professionals expand their own understanding of |
| clients. | | | | what's possible, pick up knowledge and insights of |
| Should you look for a small business accountant | | | | value to you, and become an even more valuable |
| whose strength is compliance? Someone who knows | | | | asset for your business. |
| how to get you out of trouble, papers over your | | | | The number one characteristic of your exceptional |
| mistakes, and can keep you from being the subject of | | | | small business accountant is that they are someone |
| annual IRS audits. Or someone you call before you | | | | you can talk to. Someone willing to listen, is interested in |
| make major decisions or acquisitions? A small | | | | you as a person as well as a business owner, and |
| business accountant whose insights will keep you | | | | actively reaches out to other professionals - business |
| focused down the road so you're decisions are | | | | accountants of all sorts as well as parallel |
| leveraged in your favor every time. | | | | professionals on their clients' behalf. |
| Simple. The business accountant you should have is | | | | Business accounts please note. People won't care |
| someone you like and trust, who recognizes their | | | | how much you know until they know how much you |
| limitations, understands the value of other perspectives, | | | | care and are interested in them! |