99.9999% of business owners don't use their accountant fully.
-Don't talk about long-term goals:
-Don't focus on improving profit margins:
-Don't ask for help with cash flow or growth opportunities:
Way too much time on firefighting, not enough focus on the future
Business owners spend too much time relying on their accountant just for taxes and reports.
Instead, they should use their accountant's knowledge to help with long-term planning.
Set up regular meetings with your accountant to talk about long-term goals and strategies.
Treat them as a trusted advisor, and you'll get valuable insights to help you achieve your business goals.
Want to have a total understanding of your finances and keep more in your pocket instead of giving it to the tax man? Comment 'Business' and I'll DM you!
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/ @vasanthkarthik8
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My name is Karthik, and I am a Chartered Management Accountant with over 15 years of experience helping owner-managed businesses grow.
Since venturing out in 2020 to establish my own accountancy practice, I've had the privilege of supporting more than 100 businesses.
My focus has been ensuring they benefit from paying the legal minimum on taxes, managing their finances efficiently, and avoiding unnecessary headaches from HMRC.
Beyond my professional qualifications, I also hold an MBA in Finance, which equips me with a broader perspective on guiding businesses towards sustainable growth and success.
My goal is to demystify finance and tax for business owners, providing clear, actionable advice that makes a real difference.
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DISCLAIMER: We've taken great care to make sure that the information in this video is correct and up-to-date. However, it's important to remember that this video is just a general guide, aimed at giving business owners a basic understanding of certain topics. It's not meant to cover every detail or be taken as legal or tax advice. If you come across any legal or tax matters in your business, it's always best to consult with a professional for specific advice tailored to your situation.
