As your business expands, so too does the complexity – more detailed ATO lodgements and the need to plan for sustainable growth. A small business accountant isn’t just someone who lodges your tax return—they’re a strategic partner who can drive profitability, minimise risk, and help you make confident decisions.
In this blog, we’ll explore why a business accountant is essential for growing companies, what services they provide, and how to choose the right one for your needs.
Why Growing Companies Need a Business Accountant
Growth brings opportunity—but it also introduces challenges that can quickly overwhelm. Here’s how a business accountant can support that growth:
- Strategic Financial Planning: A good small business accountant helps you set budgets, forecast cash flow, and plan for investments, giving you clarity and direction.
- Tax Strategy: They ensure you’re not paying more tax than necessary, leveraging tax concessions and structuring advice to legally reduce your tax burden.
- Compliance & Risk Management: From BAS lodgements to payroll tax and superannuation, your accountant ensures you’re meeting your legal obligations—minimising penalties and risk.
- Performance Analysis: Accountants can produce management reports and KPIs that highlight what’s working, what isn’t, and where to focus your efforts.
- Support with Funding & Capital: Whether it’s accessing a business loan, bringing in investors, or applying for grants, your accountant plays a key role in preparing financials and assisting with growth.
What Services Do Business Accountants Offer?
Depending on their expertise, a business accountant may offer:
- Bookkeeping and payroll
- BAS and IAS preparation
- Company, Trust and SMSF tax returns and financial statements
- Business structure setup (company, trust)
- Cash flow forecasting and budgeting
- Business valuations and exit planning
- Virtual CFO services
- Cloud software setup and integration (e.g. Xero, QuickBooks)
- Property advice
Many also act as a sounding board—providing commercial insights that go far beyond the numbers.
What Services Do Business Accountants Offer?
Not all accountants are created equal. Here are some tips for choosing the right partner for your business:
- Industry Experience: Look for an accountant who understands your industry and its challenges.
- Proactive Communication: Choose someone who provides insights throughout the year—not just at tax time.
- Cloud-Based Capabilities: A tech-savvy accountant can automate workflows, saving time and reducing errors.
- Scalability: Make sure they can continue to support you as your business grows, potentially offering CFO-level advice.
- Client Focus: Read reviews, ask for referrals, and assess how much they genuinely care about your business’s success.
Final Thoughts
A skilled small business accountant is an investment. By helping you navigate complexity, remain compliant, and make smarter decisions, they become an integral part of your growth journey.
Whether you’re looking to scale locally or expand into new markets, partnering with the right accountant, like Nobel Thomas, can be the difference between surviving and thriving.
