Best accountants in Geelong

The cost of accounting services in Geelong is largely determined by whether you want small business or personal accounting services. In Victoria, accounting services for businesses cost between $100 and $2,000, while accounting services for individuals cost between $60 and $800.

The cost of hiring an accountant in Geelong is determined by a number of factors, such as:

• The type of accounting services you require: The cost of different types of accounting services varies. Costs for bookkeeping, auditing, financial planning, and tax lodgements are all different. Some may take longer or use more resources than others (software, labour), resulting in higher or lower service rates.
• The size of the accounting firm: The cost of service may also be influenced by the size of the accounting business. This is a larger firm's capacity to serve more clients reduces its per-client pricing in comparison to smaller accounting firms.
• The expertise and skill of the accountant: Hiring a seasoned and skilled accountant may be more expensive than hiring someone who lacks the required knowledge or isn't qualified to provide your requested accounting services.
• The frequency at which you'll need accounting services: The frequency with which you'll require accounting services is also a cost-influencing factor. If you want the services on an ongoing basis, hourly rates may be lower than one-time accounting service fees.
• Additional items or services that may be required (such as tax advice or preparation): Some accountants charge an additional fee for extra features or services. If you want these services, remember to include them in your overall budget.

The cost will also be determined by the type of accountant you pick. Certified public accountants (CPAs), forensic accountants, chartered accountants, and tax accountants are among the most common types of accountants hired for small businesses.

The price of accountants' services is also influenced by their specialisations and industry occupations. Hire fees for chartered accountants, for example, range from $150 to $500 per hour in Australia, while general tax accountants charge between $65 and $75 per hour.

To learn more about how much it will cost to employ an accountant in Geelong, check out Oneflare's cost guide.

Accountants may execute a wide range of tasks as specified in their job description. Accountants may offer services to both small businesses and individuals in need of financial organisation, planning, and assistance.

Some common accounting services hired by small businesses are:

• Assistance with bookkeeping and paperwork
• Preparation and lodgement of tax returns
• Auditing financial statements
• Providing advice on financial planning and management
• Advising on business structure set-up (e.g. sole trader, company, trust, etc.)
• Helping to establish superannuation funds
• Completing activity statements for businesses registered for GST
• Preparing and reviewing commercial contracts
• Forecasting cash flow and profit margins

There are many other specialised accounting services that businesses may require from time to time as well. These services might be required less frequently than general accounting tasks, but they're no less important. Forensic accounting, for example, is a type of specialised accounting service.

In contrast, common accounting services for individuals include:

• Assistance with tax returns
• Financial planning and budgeting advice
• Advising on investments
• Superannuation advice
• Retirement planning
• Estate planning

It's important to work with an accountant who has the appropriate training and skills for the services you need. You may do this by comparing firms and evaluating their services before choosing one.

Finding the perfect accountant is critical to properly managing your personal or business money. As a result, it's vital to know how to locate one and what to look for when choosing an accountant.

There are a few things you can do to help you locate an excellent accountant in Geelong, such as:

• Checking online directories such as Oneflare
• Asking for recommendations from friends and family who are happy with their accountant
• Comparing firms on their services, fees, and specialisations
• Visiting accounting firm websites to review their staff qualifications and experience levels
• Contacting individual accountants by phone or via email to discuss your needs

Managing your finances may be tough as an entrepreneur or small business owner. If you want to expand your business and succeed, you'll need the services of a competent accountant. When searching for an excellent accountant in Geelong, bear in mind their training, experience level, and communication approach.

You may also want to seek recommendations from family members, friends, and co-workers before making your final decision. You'll be able to focus on developing your company, and your finances are kept organised if you have the appropriate accountant to help you out.

On Oneflare, you can select and choose from the top-rated and certified accountants in Geelong. To discover an experienced professional that provides services that are best suited to you, simply type "personal accountant" or "small business accountant" in our search bar. All of the accountants on Oneflare have public company portfolios where you can learn more about their services.