Many start-ups begin in the unique position where they begin by entering a large market with a product or service. Which is demanded by an array of customers. Potentially, you could be breaking into a unique niche where you will be dominant in your industry. Or you may have a good service that offers a solution or benefits for a long-standing problem that your target market has.
During this time, it is imperative that you concentrate on building your customer base, filling orders in a timely manner, and addressing customer concerns. Essentially, this time should be used to put the customer first! The accounting and taxation aspects of your organisation are often too demanding and time-consuming to deal with, with no real value being added to your product or service, or you may not be mathematically and financially savvy to handle your own accounting and taxation preparation and lodgement. For start-ups who are dealing with these unique issues, outsourcing your accounting and taxation services to a firm like R T Accounting & Taxation Services, uniquely located within 10 minutes from the Sydney CBD may be the perfect solution.
Benefits of Outsourcing Accounting Departments
The use of an outsourced Certified Practicing Accountant (CPA) firm has a vast array of benefits for start-ups and small businesses. During the early stage of your start-up, often, you will not be in a position that hiring an in-house team of accounting experts would be beneficial for your company to progress in your desired industry. At R T Accounting & Taxation Services, you are getting your local accounting, tax & payroll experts best equipped to help you with your specific operations when you need them.
You need your employees to work toward selling your services or products, not focusing their time on non-value adding functions such as office tasks and administrative tasks. With R T Accounting & Taxation Services taking care of your day-to-day accounting function, your employees should be able to put a hundred percent into the organisation to help you build your company and increase profits.
For you to employ one CPA member to be a part of your team, they will often require a six-figure salary, annual leave, sick leave, or even accounting training if they are not fully qualified yet to entice them to work for you.
With R T Accounting & Taxation Services, those costs are scrapped for a one-off fee calculated using the size and capacity of your business. We guarantee that we will come at a cheaper price than for you to hire your own in-house accounting team.
On Demand Access to Experts & Technology
With R T Accounting & Taxation Services, you have access to a combined fifteen years of experience and knowledge in the accounting and taxation field. Financial and tax reporting compliance is changing on a yearly basis, and as a result, you will want to ensure that your reporting obligations are up to date and lodged in a timely manner when required. We pride ourselves on staying on top of changing regulations to benefit you, our client, so you can focus on enhancing your business, and we can look after your compliance reporting.
You will also gain access to our special accounting software rates with our partners, MYOB & Xero, which you can access any time of day to keep a track of your financial, payroll and tax information to ensure accurate accounting work.
Scaling Accounting Easily
R T Accounting & Taxation Services have the amount of availability to scale your services significantly without any lag. For example, if your accounting and taxation tasks are too much for one employee to handle, this is no problem as we have our staff members ready to handle any challenge you throw at us. This removes the need to go through a rigorous recruitment process, not wasting precious time on a non-value-adding process, allowing you to focus on what matters most – the customer.
When you Should Consider Outsourcing your Accounting & Bookkeeping
From our experience working with various businesses located around Australia, outsourcing the accounting & taxation function tend to work best when.
- A business does not require someone to work full time but needs a person with more skills than an average office manager, or receptionist can provide.
- A company of any size cannot find a full-time employee with the required capabilities at an affordable cost to your organisation.
- A rapidly expanding company, looking for opportunities to scale their accounting & finance functions at any time.
- Temporary extra services are required at certain times in the year, extra time required for Business Activity Statement lodgement and annual tax lodgement at certain times in the year,
However, it will be important to note that even if you do choose to take R T Accounting & Taxation Services upon our outsourcing services, a skilled and qualified person (generally the director) will still need to be actively involved in the process while approving invoices, making deposits, reviewing timesheets for employees, etc.
Get in Touch With us!
We are conveniently located just 10 minutes from the Sydney CBD in Kingsford. If you are intrigued on how to become our client and gain access to our services, please get in contact with us to help you focus on what truly matters – your customer.