The Changing Role Of Your Accountant

The role of accountants is changing.

It used to be that people thought accountants were just ‘bean counters’ who saw the world in numbers and tax legislation. 

Accountants have always had more expertise than meets the eye, but there are many reasons why their role is becoming increasingly important in today’s fast-paced world.

Retirement Planning

As our population ages and life expectancies increase, planning and saving for retirement is a growing stress for almost everyone. We may not be able to rely on government pensions to give us the retirement we want, and even our saved superannuation might not cut it in the long run. 

Your accountant can help you to formulate a long-term strategy to plan for your retirement. The right strategy will help ease your mind about your future financial security.

Technological Advances

Numerous technological advances in accounting have automated what used to be repetitive and time-consuming tasks. This means we have more time to apply our critical thinking skills to your business problems.

The advance of cloud accounting software and online portals also means that information can be shared more frequently between you and us, enhancing our understanding of your business.

Improved Information

With the ease of accessing compliance information online, and improvements in the educational resources that accountants can offer their clients, business owners are gaining a much better understanding of their finances.

This is great news, because it means that business owners and accountants are closer to being on the same page. You can engage in collaborative discussions about how to make your compliance responsibilities and business strategy work more harmoniously.

A Changing Workforce

Everyone knows how we work is evolving and will continue to do so. It has become standard for people to change career paths several times throughout their working life, and it is not unusual for people to be employed transnationally.

While all of this can be incredibly exciting, it does complicate your planning and tax strategies.

We understand these complexities and can help you manage whatever challenges arise. Want to know how best we can help you? Schedule a consultation with us today.