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how to choose a Tradies Accountant

When it comes to managing your finances, it pays to have a professional in your corner. A tradies accountant will help you stay on top of your expenses and maximise your deductions, making it possible to run a profitable business. They provide valuable insights into the financial health of your business, allowing you to identify potential problems and take corrective action early. There are a few key things to look for when choosing a tradies accountant.

Experience

Ensure that they have experience working with businesses in your industry. This will be helpful in that they understand the unique challenges and opportunities you face.

Informed

Choose a tradie accountant who is up-to-date on the latest tax laws and regulations. This will minimise your tax liability and maximise your deductions for a healthy cash flow. 

Add-On Services

An accountant who offers value-added services such as financial planning and record-keeping can save you time and money in the long run. 

Questions to ask before hiring a tradies accountant

Choosing the right tradies accountant is vital for the success of any small business. Here are some key questions you should ask before making your decision.

1. What qualifications and experience do you have?

Make sure your accountant is qualified to provide the services you need. Ask about their experience dealing with businesses in your industry.

2. What services do you offer?

Make sure the accountant can tailor their services to meet your specific needs.

3. How much will your services cost?

Ask for a detailed quote to compare rates. Remember that cheaper isn’t always better – focus on finding an accountant who offers value for money.

4. What are your payment terms?

Make sure you understand when and how your accountant expects payment – this will avoid misunderstanding down the line.

Hiring a tradies accountant specialist for your trade business can save you time and money. If you are a trader, such as an electrician, painter, plumber, etc., looking for a tradies tax accountant for your trade business in Perth, Western Australia, contact Griffiths Advisory today.

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Phil Griffiths

Phil Griffiths

Bachelor of Commerce
Certified Practising Accountant
Diploma in Financial Planning
Professional Certificate in SMSF
Approved SMSF Auditor

Phil has been the Managing Director of Griffiths Advisory for 29 years, combining his expertise in taxation, business advisory, superannuation, negative gearing, and wealth creation. He also loves an active lifestyle, indulging in surfing, cycling, snowboarding, and spending quality time with his wife and two children.