The decision to hire fixed fee accountants is becoming a more popular call for those citizens and businesses that want their financial position secured.
Instead of the hourly billable rates that limit time and transparency with representatives, these specialists find a way to open up avenues and ensure that their expertise is passed on when it is requested.
Without the need to worry about appointment schedules and red tape with these practitioners, there are a number of helpful benefits that members receive.
Complete Service Transparency
The benefit of working with fixed fee accountants is that local constituents are not sent surprise bills or dealt the burden of managing hidden fees that are presented to their members. They know precisely what they are receiving for their investment because their fee is calculated on a monthly basis. No one is caught off guard and participants can budget for this service in due course.
Real Time Reporting Processes
Thanks to the inclusion of cloud-based technological programs, fixed fee accountants are able to acquire information for their constituents in real time. This is a positive for residents who feel as though they are under pressure with the Australian Tax Office (ATO), but it is a major advantage for commercial clients who need to communicate with stakeholders and partners. Rather than being stuck on an extended backlog, the customer can acquire data on the spot.
Around The Clock Accounting Assistance
Without the need to stress about billable hours, fixed fee accountants are on call around the clock for their clientele. This is ideal for those constituents who are technologically savvy because they can tap into dashboard and cloud-based programs to see the data they are assessing. Yet it also helps for those investment decisions that take place week-to-week for homes and businesses, ensuring they are not breaking away from their original objectives.
Handling Tax Duties
One of the main roles that fixed fee accountants provide for their customers is being able to handle the tax duties that come around every financial year. Every citizen and every commercial entity has to report their statements to the ATO and this is where these practitioners come into play. They will know every detail and ensure that the returns are planned thoroughly. This is delivering peace of mind and avoiding the last-minute tax rush.
Scaling & Customising The Service
While the initial perception of fixed fee accountants is to be inflexible, the opposite is true. These practitioners are able to provide their community members with a range of packages that suit their current budget, helping them to identify a program that links up to their personal or commercial objectives. These agreements can be short-term in nature to ensure that they have the freedom to upgrade or downgrade the plan.
Short & Long-Term Financial Planning
It can be hard for home and business owners to get a grasp on their financial commitments and when those interruptions play a role, the ability to think and plan for the long-term becomes an impossible task. It is one of the major drivers behind the use of fixed fee accountants because they are specialists who keep their finger on the pulse of the client and ensure that they have the tools to make better monetary choices for today, next year and ten years from now.
Superior Time Management
With these fixed fee accountants on call to their local members when requested, participants don’t have to schedule extensive meetings that accumulate 6-12 months of statements and reports. They have the chance to relax, to continue the lines of communication and check every detail against their financial plan. That is a service worth investing in for many parties.