| Many accountants these days help public as well as private limited companies by providing their accounting services. They maintain records, auditing accounts, helps in tax planning, verifying financial documents, budget analysis, legal services and the consulting services for their clients. They ensure about the firm and the company is running efficiently. Financial services firms’ accountants act as a personal advisor for their clients. They do not help them only with the accounting and the tax planning, they also help them in developing and preparing their personal budgets, manage assets and investments, plan for retirement, and recognize and reduce their exposure to risks. Their role is to meet with all the financial needs for the clients. Their job is limited from providing these services to clients whose financial statements they also prepare. Mostly accountants like to work in a typical office setting; they also like to do their part of their at home. Mostly accountants or the auditors are hired or the employed by the public accounting firms, government agencies, and organizations with multiple locations. Auditors they may have to travel frequently to perform audits at branches, clients’ places of business, or government facilities. Most accountants and auditors usually work a standard 40-hour week, but many work longer hours, particularly if they are self-employed and have numerous clients. Tax specialists often work long hours during the tax season especially in the month of February. In response to recent accounting scandals, new Federal legislation restricts the non-auditing services that public accountants can provide to clients. If an accounting firm audits a client’s financial statements, that same firm cannot provide advice on human resources, technology, investment banking, or legal matters, although accountants may still advise on tax issues. Accountants may also advise other clients in these areas and may provide advice within their own firm. Accounting services also includes specific jobs duties among the four major fields of accounting and auditing: public, management, government accounting, and internal auditing. Public Accountants include accounting, auditing, tax, and consulting activities for their clients, which may be corporations, governments, nonprofit organizations, or individuals. Management accountants are also known as cost, managerial, industrial, corporate, or private accountants. They record and analyze the financial information of the companies for which they work. Their responsibilities also include budgeting, performance evaluation, cost management, and asset management. Government accountants and auditors work in the public sector, maintaining and examining the records of government agencies and auditing private businesses and individuals whose activities are subject to government regulations or taxation. Internal auditors verify the effectiveness of their organization’s internal controls and check for mismanagement, waste, or fraud. Internal auditors also have specialty titles, such as information technology auditors, environmental auditors, and compliance auditors. There are many accounting service providing companies which would take care of all the finance and accounts related problems of the firm and would help the firm in order to reduce the taxes also. One such company providing Gold Coast Accounting Services is Joe Walsh & Associates of Australia. |
