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You Can Almost Sack Your Accountant

You Can Almost Sack Your Accountant

          
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About the Book

Your accountant doesn't want you to read this. Remember, paying lots of money does not mean its good advice, bad advice can cost money too! The latest bill from your accountant just arrived. You open the envelope and almost die of a heart attack! You ask yourself "How on earth can the accountant justify the size of the fee" (after all, you only run a small business). As a partner in a law firm once pointed out - many of these issues can be traced back to the concept of time-based billing. This is a system whereby you are charged dollars per hour for the time spent on your work. The issue is highlighted in a cult novel for disgruntled lawyers written by ex-lawyer Richard Beasley called Hell Has Harbour Views. In this book, one of the characters manages to record more hours on his time sheet than there are actual hours in the day! (Don't laugh - we've seen this ourselves with employees who turn up for work at 9 am, take their 1-hour lunch break, go home at 5 pm and somehow miraculously manage to clock in a 9 hour day!) Does time-based charging promote inefficiencies and hide stupidity? Possibly. Having said that, accountants are aware that an increasing number of clients look at what accountants do, rather than what accountants try to charge per hour - and sometimes, it does not compute. On the other side of the coin, should an accountant charge you an hourly rate when it's only taken an hour to resolve your tax problem and charged you, say $500 whilst saving you $20,000 in tax? One could argue that in this case, the fairer charge should be based on a percentage of tax saved. This You Can ALMOST Sack Your Accountant will explain it all ... at the end of the day, knowing what you don't know and knowing what to ask [your accountant] can save you lots of money. Or it may even give you a greater appreciation of the value provided by a good accountant.


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Product Details
  • ISBN-13: 9781542515528
  • Publisher: Createspace Independent Publishing Platform
  • Publisher Imprint: Createspace Independent Publishing Platform
  • Height: 225 mm
  • No of Pages: 56
  • Series Title: English
  • Weight: 118 gr
  • ISBN-10: 1542515521
  • Publisher Date: 07 Mar 2017
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 150 mm


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