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The $100 MBA Show
MBA1498 Guest Teacher: Brian Hamilton – How and Why To Use your Accountant for Much More Than Taxes
Apr 6, 2020
Brian Hamilton, a qualified accountant, reveals how accountants can be much more than just tax preparers. He emphasizes that a good CPA can save businesses money and provide crucial financial insights. Hamilton encourages entrepreneurs to build strong relationships with their accountants, turning them into strategic partners. He discusses the hidden potential of accountants in guiding businesses through challenges and highlights their role in financial decision-making. Discover why not having an accountant might be costing you!
19:27
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Quick takeaways
- Hiring an experienced accountant extends beyond tax compliance, as they can offer invaluable insights and act as trusted business advisors.
- Maintaining regular communication with an accountant allows business owners to identify financial opportunities, optimize strategies, and prepare for market fluctuations.
Deep dives
Maximizing Accountant Potential
Hiring a qualified accountant is crucial for business success, as they can provide much more than just tax assistance. A great accountant acts as a trusted business advisor, helping to grasp financial conditions and challenges faced by the enterprise. By regularly engaging with an accountant—ideally quarterly to review financial statements—business owners can uncover valuable insights into cash flow, income, and expenses. This proactive approach allows business owners to ask questions about their figures and gain a deeper understanding of the financial dynamics at play.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode