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There are many reasons why entrepreneurs should be aware of how their Edmonton tax accountant operates. The reason why, is because not all accountants do work the same way, and not only do entrepreneurs need to be comfortable with the way they do their work, but also how they bill their clients for the work that they do. When entrepreneurs are not satisfied with how an accountant does their work or charges clients, it can end up with a relationship that is not beneficial to either, and does not end up with the business owner getting the tools they need to grow their business.
One of the first things that entrepreneurs need to be aware of, is how the Edmonton tax accountant they hire uses technology. As Jim Collins, the author of 6 books including the best seller book called good to great has written in one of his books: “thoughtless reliance on technology is a liability.” The reason why this is so important, is because many accountants believe that they can use software and technology in order to automate processes so that they can get work done quicker for their clients. While this might sound like a great idea, business owners need to be aware about this thoughtless reliance on technology.
The reason why business owners need to be aware of this reliance on technology is because not all automated processes by software and technology helps accountants accomplish high-level work. In fact, when an accountant relies on accounting software to accomplish high-level work, an entrepreneur most often ends up with poor tools that are going to help them grow their business. High-level work includes financial plans and multifaceted business plans that are both going to help entrepreneurs succeed in their business. To have this work accomplished by a computer is negligence.
Instead, an entrepreneur should be ensuring that their Edmonton tax accountant does you software and technology to automate some processes such as low-level work. Then, the right accountant will then use the time that they have gained from allowing their software to accomplish low-level work to spend even more time and even more thought power on high-level work such as the business plan and the financial plans. When the accountant spends more time on this high-level work, they will prepare even better financial plans and business plans that are going to help a business owner succeed. However, this is only accomplished when they use the software that they have to accomplish low-level work so that they can spend more time working on the high-level work not last.
This is why it is so important that entrepreneurs are always interviewing the Edmonton tax accountant that they want to hire so that they can end up understanding how their processes work, so that they can be satisfied with their workflow. By doing this, entrepreneurs can end up being happy with the work that their accountant does, so that they cannot work as a team to help the business owner become successful.
It is very important that business owners hire and Edmonton tax accountant that they are happy with. The reason why, is because these of the business professionals that are going to help entrepreneurs have the tools that they need to succeed. If they do not like how the accountant works, or is dissatisfied with their billing procedure, business owners might end up being at odds with their accountant, and they will not work as a cohesive team to help a business owner succeed.
One way that entrepreneurs need to be aware of how their Edmonton tax accountant works is to ensure that they are not multitasking. Many people, accountants included the believe that multitasking is the key to ensuring they can get a lot of work done very quickly. And while many people believe that this is an efficient and effective way to get many things accomplished it actually is not.
In fact, studies were done to see how effective multitasking is. And rather than being very effective, when people multitask not only are they not to getting more done, but they actually end up getting less done. How this works, is the study found that it takes a person’s brain 23 minutes to reach its peak productivity. Every time a person is interrupted or switches tasks, it takes the brain another 23 minutes to reach its peak level of intellectual performance. Therefore, when people including an Edmonton tax accountant multitasks, this ends up with them never reaching that peak productivity level in their brain. Meaning, they get even less accomplished.
If an entrepreneur is interviewing and Edmonton tax accountant to see if they want to work together, and the accountant says that they are able to get as large amount done for their clients because they multitask, that should be a huge red flag for a business owner on this is not the accountant that they want to hire for their business. By being aware of this, and understanding how their Edmonton tax accountant is going to operate, can help entrepreneurs find the accountant that is going to be the best fit for them.
The next thing that entrepreneurs need to be aware of when they hire and Edmonton tax accountant is to ensure that they are not working full-time on a laptop. These so-called laptop lifestyle accountants believe that by taking their laptop anywhere, they can get a large amount done no matter where they are. However, entrepreneurs need to be aware that working on accounting processes on a laptop is inefficient, and if they build their clients hourly, entrepreneurs should understand that they are ending up getting charged more hours to accomplish tasks that could have been done more efficiently on a desktop computer.
When business owners take the time to find out about the processes that their Edmonton tax accountant uses, they can make the decision on whether they want to hire them or not, so that they can end up having a is is professional that they know will be able to work together with to help them succeed in business.
