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  • Writer's pictureGary Threlfall

Why Use a Chartered Accountant to Help Your Business?


Below are some quick points about the ways in which engaging a chartered accountant (CA) can help you get ahead in your business ...

  • Engaging the services of a dedicated chartered accountant provides your business with on-demand accounting and financial advice from an accounting professional recognized by CA ANZ.

  • The long qualification process required to meet CA ANZ standards ensures that you will be able to access sound and accurate information that aligns with your business goals.

  • A major advantage provided by chartered accountants is oversight — these practitioners are regulated by a professional body that ensures they adhere to a stringent code of ethics and meet high standards of professionalism.

  • Importantly, chartered accountants are required to take out professional indemnity insurance, as well as regularly undergo compliance auditing to certify that they remain up to standard.

  • The broad experience possessed by chartered accountants minimizes informational blind spots, delivering efficient and accurate guidance across a broad spectrum of business scenarios.

  • The technical expertise that a professional gains through the CA ANZ qualification process arms them with the business acumen necessary to deal with complex accounting issues.

  • Depending on the financial needs of your business, it's critical that you engage the services of an accountant that meets high professional standards.

  • Chartered accountants operate in accordance with rigorous integrity standards, ensuring that all financial reporting and business practices they perform for your business are legally compliant and executed with the financial interests of your business as the highest priority.

  • How Can a Chartered Accountant Help Your Business Grow?The advantages of such a professional aren't limited to experience, however.

  • Engaging the services of a chartered accountant can provide your business with a competitive edge during critical growth stages, assist in scaling and growth, launching new products, or entering new markets.

  • Chartered accountants specialize in minimizing risk but can assist businesses in critical growth stages by identifying opportunities such as the purchase of new assets, freeing up additional capital or pursuing finance in order to fund growth, or optimizing employment and payroll structures.

  • A chartered accountant also delivers impressive reductions in both costs and time.

  • An experienced professional will help your business reduce tax liabilities while also minimizing the amount of time spent on reporting or secretarial obligations.

  • By freeing up time and money, a chartered accountant allows you and your executive team to focus on the operation and growth of your business.

  • Structuring Your Business with a Chartered AccountantIf you're in the process of launching a new business or a startup, a chartered accountant can help you navigate the complex process of business structuring.

  • If you're not sure whether your business should be structured as a proprietorship, a partnership, or incorporated, it's best to engage the services of a highly experienced professional.

  • When structuring your business, it's important to ensure that the structure you choose will scale alongside the growth of your business.

  • Regardless of the structure you choose, questions regarding partnerships, share structures, tax efficiency, and multiple legal entities will arise.

  • A chartered accountant is able to provide you with guidance on how best to structure your business in order to protect your equity from business risks, minimize taxes, and establish a scaling structure that facilitates long-term growth.

If your business does not currently employ a full-time in-house CFO or financial controller, it can be difficult to identify and engage the services of an accounting professional that meets your needs. Outsourcing the accounting and advisory needs of your business to a chartered accountant can help you leverage the experience and knowledge of a regulated, seasoned accounting professional without the cost associated with full-time in-house staff.


Whether you're launching a new business, aiming to establish a tax strategy, or want to ensure that you have a chat to Gary our CA on 0421 526 116.


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