Nope. We work in conjunction with your accountant. Here’s how it breaks down…
He or she files compulsory reports on your behalf including fulfilling taxation, governmental reporting, and compliance requirements.
Your accountant’s primary role is to look backwards so they can categorize your workflow is ways that the government can understand. Unfortunately, these reports and their associated considerations are often difficult to digest and understand. It’s likely, then, that you will find yourself lacking a proper explanation of these reports, their related processes, or their inevitable implications for your business.
Moreover, the accountant’s reporting isn’t designed to analyze your business in a way that can help you make strategic decisions. Their purpose is to ensure compliance and limit potential liability.
Our responsibility here is threefold: first, to assemble information for the accountant/bookkeeper so that they can product the reports for the government and for you; second, to repackage the information in a format that makes sense to you; and third, explain it so you can utilize the knowledge it presents to format future decisions.
Ultimately, it’s the accountant’s job to ensure that you stay kosher. Our job is to ensure that you have sufficient insight and knowledge to make sound financial decisions.