With the development of different computer software over the years, a wide variety of tasks have become a lot easier to do. This is especially the case when it comes to auditing your business’s finances, where using accounting software can churn out a complete accounting report instantly.
However, there are still many reasons you would want to keep your tax accountant under your employ.
Accountants can help you in tax planning and preparation
While accounting software will be able to come up with a comprehensive tax report, that’s about it. It won’t be able to tell you how to use it. This is where a real tax accountant comes into play, as they will be able to help you make sense of what the report is all about. From there, they can give reasonable advice on the course of action to take.
They are better at spotting errors and other problems
Sure, you can just click and leave it to the software. It will track and mark errors when there’s any. But nothing can beat the trained eye of an accountant, as not only will they be able to spot the more obvious, but they can also spot details in your financial reports that might cause problems later.
They will be able to develop a good working relationship with you
This is especially the case when you have been working with your accountant for several years. Since he is with you for that long, he already is familiar with all the business’ quirks and habits. Thus, he can tailor the tax strategies to suit those. This relationship can also make him more comfortable in giving suggestions.
They have access to advanced software
This might seem odd, but if you have only been depending on store-bought accounting software for auditing finances, you will be surprised at how advanced the ones used by accounting firms are. For one, these are able to scan more tax data than regular software and organize them into reports faster. However, since many of these are specially made for the firms, you won’t find them anywhere but there.
Auditing finances using accounting software may work and can even help cut on expenses. But combining it with the talent of a certified accountant, the company can guarantee well-managed finances with little room for mistakes.