6 Services That a Chartered Professional Accountant is Able to Provide to Small and Medium Businesses Owners

As a small and medium business owner, you work hard to manage your company everyday. Managing your company’s financial situation and your own on top of that often proves to be too much. A Chartered Professional Accountant can help you with these issues, among many other services. In this article, we will present you 6 services that a Chartered Professional Accountant can provide you support with.

Auditing and Accounting Services

Your businesses may not have enough resources to manage its operations efficiently accounting wise. In a situation like this, a Chartered Professional Accountant can help by providing thorough auditing and accounting services ranging from in depth audit work to book keeping. A competent accountant will also know where to draw the line between advising you and not being too much involved in your operations.

Business Consulting

As a small and medium business owner, you aspire to make your company grow. However, you may sometimes need help to start a project or advices on an idea or a new business venture, etc. A quality accountant is able to listen to your concerns, investigate the problem and give you constructive suggestions.

Estate Planning

Even after your death, tax issues may arise if your estate is not properly planned. Chartered Professional Accountants are able to help you with your estate planning to ensure that when your each the end of your life, your estate’s planification will be optimized. Helping you with the redaction of your will and creating trusts are a few examples of estate planning services that an accountant can offer.

Litigation Support

Unfortunately, small and medium business owners may sometimes be caught in disputes while managing their company. Chartered Professional Accountants are also able to assist you with litigation support services in the valuation of family property, quantification of economic damages and business valuations.

Tax Planning

Business owners are always juggling between 2 goals while managing their business : maximize earnings and minimize income taxes. A Chartered Professional Accountant has the expertise to analyze your company and come up with solutions to help you to minimize the income tax you need to pay to the government. Corporate reorganizations, government audits, research and development credits and the utilization of trusts are some examples of areas where a competent accoutant can help you with tax planning initiatives.

Wealth Management

Wealth management is important to benefit from a great quality of life once retired. A Chartered Professional Accountant can help you to set up a wealth management plan according to your family situation and tolerance to risk, among many other factors.

This concludes our article on 6 services that a Chartered Professional Accountant can provide to small and medium businesses owners. As you were able to read throughout this article, an accountant that works with small and medium business owner scan often help out their clients with services that go beyond regular accounting services.

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