{"id":7897,"date":"2024-01-25T13:39:07","date_gmt":"2024-01-25T03:39:07","guid":{"rendered":"https:\/\/www.walshaccountants.com\/?page_id=7897"},"modified":"2024-02-01T11:15:37","modified_gmt":"2024-02-01T01:15:37","slug":"faqs","status":"publish","type":"page","link":"https:\/\/www.walshaccountants.com\/contact\/faqs\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\t\t
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Frequently Asked Questions<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t
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At Walsh Accountants, we provide a comprehensive range of accounting and advisory services to meet the unique needs of small businesses, complex individuals and medical and healthcare professionals.<\/p>

Here, we answer some of your frequently asked questions about the accounting and advisory services that we offer. If you would like to experience the Walsh difference for yourself and speak to one of our team members, you can contact us here.\u00a0<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Walsh\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow do I find the right business accountant?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Finding the right business accountant is crucial for your financial success. Start by seeking recommendations from peers or business
networks. Look for accountants with experience in your industry, a strong track record, and the ability to communicate effectively.<\/p>

Evaluate their services, fees, and ensure they align with your business goals.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat questions should I ask my accountant?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

When engaging with your accountant, it\u2019s crucial to ask questions that align with your financial goals and business needs.<\/p>

Consider asking about their experience with businesses similar to yours, the services they provide, fees and billing practices, and how they stay updated on tax laws and regulations.<\/p>

Additionally, inquire about communication preferences and timelines for delivering financial reports.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat sets Walsh Accountants apart from other accountants?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Walsh Accountants have been helping business thrive for over 45 years. We take pride in going beyond merely crunching the numbers \u2013 we are people first, numbers second.<\/p>

We are devoted financial partners deeply invested in the success of your business. We are not just accountants; we are your committed financial ally.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow does Walsh Accountants tailor its services to address specific challenges and goals for small businesses? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Our services are meticulously tailored to address your needs and goals – carefully considering your businesses industry-specific nuances. This guarantees a personalised approach that aligns seamlessly with both your short-term and long-term challenges and goals.<\/span>\u00a0<\/span><\/p>

Established in 1976, we have never forgotten the strong individual relationships we maintain with our clients. Simply put, the more we invest in understanding you, your family, and your business, the more valuable the insight and service offering we can deliver to you.\u00a0<\/span>\u00a0<\/span><\/p>

Our process involves dedicating ample time to understand you, and your priorities from a personal and business perspective. This enables us to craft customised solutions to help you remain compliant and perfectly align to help you achieve your aspirations and your goals.\u00a0<\/span>\u00a0<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIn what ways can Walsh Accountants strategic advisory services contribute to the growth and improvement of small businesses? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Strategic Advisory Services are essential for businesses looking to reach their full potential, achieve their targets, and accomplish their goals. These services offer invaluable guidance and support to business owners who may struggle with complex targets, developing and implementing action plans, and other challenges that hinder their growth.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>

The strategic advisory services offered at Walsh Accountants are data driven and help to alleviate confusion and demystify the complex. They provide our clients with a clear path so that they can see how they will reach their goals and what needs to be done to get there. We calculate various financial metrics to understand the financial position of a business, using key growth and management techniques and financial levers to truly understand how; even the most incremental of adjustments as low as 1%, will influence the overall success of a business.\u00a0\u00a0<\/span><\/p>

Many business owners struggle with creating a clear path to success or adjusting the plan when things go off-track. Our advisory services provide business owners with the necessary tools, guidance, accountability, and achievable actionable plans that align with their goals, available business resources, and their capabilities. All this comes together to help them grow their business so it can be everything they want it to be.<\/span>\u00a0<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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At Walsh Accountants, we recognize the importance of industry-specific knowledge in providing tailored financial solutions. Our firm takes pride in having a diverse team with extensive experience across various industries, ensuring that we can effectively address the unique needs of our clients.<\/span>\u00a0<\/span><\/p>

To further enhance the client experience, we take a proactive approach in matching our clients with accountants who possess the most relevant experience in their respective industries. This ensures that you are not only working with a skilled and knowledgeable professional but also with someone who understands the intricacies of your specific business sector.<\/span>\u00a0<\/span><\/p>

Our commitment to personalized service extends to the careful consideration of your industry requirements. If you have specific preferences or would like to discuss how our team can best serve your industry-specific needs, please don’t hesitate to contact us<\/a>. We are dedicated to fostering a strong partnership that is not only built on expertise but also on a deep understanding of your business environment.<\/span>\u00a0<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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At Walsh Accountants, we are dedicated to providing a personalized and comprehensive service for our clients. We go beyond the traditional client-accountant relationship by building a team around you to ensure that all your financial needs are met.<\/span>\u00a0<\/span><\/p>

When you choose Walsh Accountants, you can expect to have direct access to a designated point of contact within your dedicated team. This ensures that you always have someone familiar with your financial situation, ready to assist you promptly.\u00a0<\/span>\u00a0<\/span><\/p>

We understand the importance of consistency and reliability in financial services, and our team approach reflects our dedication to providing an exceptional client experience. You can find out more about our talented team here<\/a><\/span>.<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/p>

At Walsh Accountants, we’re here to build a lasting relationship with you and ensure that your financial journey is supported by a team that cares about your success.<\/span>\u00a0<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow does Walsh Accountants leverage technology and streamline processes to benefit your clients, particularly in areas like real-time financial insights and decision-making support?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

At Walsh Accountants we use an impressive tech stack to provide our clients with world-class data driven financial insights into their businesses, various communications methods including video conferencing, client portals and electronic document delivery, electronic signing capabilities, and seamless workflow processes.\u00a0<\/span>\u00a0<\/span><\/p>

Our team can leverage technology to deliver real-time financial insights into your business. Through online platforms and dashboards, we collaborate in real time allowing for seamless communication, and joint analysis of financial metrics. Having access to real-time data allows us to see what\u2019s happening NOW \u2013 not last quarter, or last year. This real-time analysis helps you stay on track to reach your goals or analyse and quickly pivot if you can see you\u2019re not meeting your KPIs.\u00a0<\/span>\u00a0<\/span><\/p>

By embracing technology, we stand ready to provide you with not only immediate visibility into your financial position; but also, strategic decision-making support to navigate any challenges; and to capitalise on opportunities presented by the ever-shifting business environment.<\/span>\u00a0<\/span><\/p>

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a Self-Managed Super Fund?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

A Self-Managed Superannuation Fund (SMSF) is a type of private superannuation fund that enables individuals to manage their own retirement savings. Unlike traditional superannuation funds, SMSFs provide members with greater control and flexibility over investment decisions, allowing them to choose and manage a diverse range of assets, including shares, direct property, and fixed-income securities. SMSFs are regulated by the Australian Taxation Office (ATO) and are subject to strict compliance and reporting requirements. Members of SMSFs act as trustees, taking on the responsibility of investment strategy, compliance, and administration. While SMSFs offer increased autonomy, they also come with additional responsibilities and must adhere to the regulations outlined by the ATO to ensure the fund operates within the prescribed legal framework.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow does a Self-Managed Superannuation Fund differ from a traditional superannuation fund?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

A Self-Managed Superannuation Fund (SMSF) differs from a traditional superannuation fund in its level of control and autonomy. In an SMSF, members act as trustees, directly influencing investment decisions and tailoring the fund’s portfolio to individual preferences. SMSFs are designed for smaller groups, offering greater flexibility in investment options, including shares and property. However, this control comes with added responsibilities and costs, such as compliance with regulations and potential administrative expenses. Traditional superannuation funds, on the other hand, are typically larger, with professional managers making investment decisions for a diverse membership base. They often feature lower fees due to economies of scale but offer less individual control over specific investments. The choice between an SMSF and a traditional fund depends on factors like investment preferences, size, and the willingness to manage regulatory obligations. Professional advice is crucial for making an informed decision.<\/span><\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat SMSF services do you offer?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

At Walsh Accountants, we offer a comprehensive suite of SMSF (Self-Managed Superannuation Fund) services. From seamless setup and annual <\/span>tax and <\/span>compliance reporting to strategic <\/span>guidance<\/span> on investments and efficient pension management, we ensure that your SMSF meets regulatory standards. Our team also <\/span>facilitates<\/span> audit coordination, provides estate planning <\/span>assistance<\/span>, and offers educational resources to empower our clients. Walsh Accountants offer personalised solutions to <\/span>optimise<\/span> your SMSF and achieve your retirement goals.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Frequently Asked Questions At Walsh Accountants, we provide a comprehensive range of accounting and advisory services to meet the unique needs of small businesses, complex individuals and medical and healthcare professionals. Here, we answer some of your frequently asked questions about the accounting and advisory services that we offer. 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