In case you own a company, or are self-employed, or simply an investor, it is highly recommend that you hire the services of chartered accountants. Chartered accountants are also called CAs and they provide valuable tax and business advice that helps one achieve the financial goals in the most legal and effective manner.
It is important to make an informed decision while hiring the services of a CA in Canberra. First of all the need is to be ascertained. Does the person really need the services of a chartered accountant? Moreover if yes, then which consultancy firm having CAs should be chosen? There are many firms in Canberra that exist but only a few of them are highly skilled and professional. No matter what, whenever you hire these professionals make sure that they are qualified enough to practice and have undergone their education and training properly.
The course for becoming a CA is very rigorous and nobody can get through it easily. This aims at providing the correct expertise and knowledge while assisting the clients. CAs is expected to maintain high ethical standards and they must abide by the laid code of conduct by the governing authority. The code of conduct layout is very extensive and mandates the practitioners to be ethically sound, independent, maintain client's information confidential, and avoid or solve conflicting situations. It has been said that CA course in Australia has one of the most rigorous and strict code of conduct. In case any fellow member of the body fails to abide by these professional standards, strict action is taken against them and they might even be expelled from the profession totally.
Therefore, it can be said that chartered accountants are much more reliable and accountable as compared to the non-designated accountants who do not abide by any such code of conduct. This is the simple reason why a person or business should go for the services of a CA rather than a simple accountant. It will ensure the best services in the most reliable and convenient manner.
Tax related services fall under the main domain of these professionals as they are very often termed as tax experts. However it is important to know that not every accountant is a tax expert. Again, there comes a need to hire CAs and not just accountants for some tax purposes involving considerable money and legality. There are various different types of taxes laid down in Australia. These professionals possess adequate knowledge about each of them and at the same time they specialise in one or two. In these they are the pioneers.
Another fact that is to be checked while hiring a chartered accountant is whether the person qualifies and expertise for that particular matter or not? A detailed engagement letter specifying the services that would be performed and the terms of engagement should be laid down.