All Topics / Legal & Accounting / Is it ok to have 2 different accountants???

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of Mama2MiaMama2Mia
    Participant
    @mama2mia
    Join Date: 2003
    Post Count: 115

    Hi All,

    We’ve currently already got an accountant and he’s great at what he does but sometimes i get the impression he’s not being as creative as i would like our accountant to be. I’d like an accountant who can offer us all sorts of creative ways to do things (legal of course) which brings me to my question………………….Has anyone out there got 2 accountants?

    We’d like to keep our current one because he is good at what he does but we’d also like to take on this other accountant who is very creative in some areas.

    Do they ever have to know about each other because we don’t want to upset either accountants……..We’ve got another company that currently doesn’t hold anything which we could get the new accountant to look after and the existing accountant can look after our other company??

    Any advice or experiences someone can offer?? [confused2]

    Much appreciation in advance

    Cheers,

    Kim

    Kim Anand
    [email protected]

    “Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”

    Profile photo of Quantum LeapQuantum Leap
    Participant
    @quantum-leap
    Join Date: 2004
    Post Count: 56

    I have two accountants!

    One currently does my personal and company returns.

    The other is a property expert giving me property advice.

    I would probably prefer that one Accountant ultimately does everything, so might change this structure as my activities start ramping up

    Rgs

    QL

    Profile photo of trajiktrajik
    Member
    @trajik
    Join Date: 2005
    Post Count: 102

    Have you asked your accountant if he has any ideas, or maybe another accountant in his firm that might suit your expectations better? I would think that having two accountants would not make sense as one would be advising on one set of circumstances whilst not knowing your complete picture, so you can’t expect to get the best out of them. Maybe if one accountant was a specialist in a prticular area you may use them for that particular advice, but why not use them for everything?

    As an accountant myself, I would find it very difficult to be confident that I was doing my best for you if I wasn’t aware of your complete story.

    [email protected]
    http://www.myobmechanic.com

    Profile photo of ctaingctaing
    Participant
    @ctaing
    Join Date: 2006
    Post Count: 111

    Interesting post, Kim. I’m working through the maze of government new and proposed policies changes while getting appropriate advices on general investing issues to maximise returns.

    My accountant and I finally had a open minded discussion to come to a amicable solution in event he couldn’t meet my requirement with a set plan mapped out.

    He has accepted that he may have to work along side with another accountant of my choice if I choose to select property as our next vehicle in investment. If anything, he is much relieved of the decision to ‘outsource’ the service.

    There should not be any discomfort in having two accountants with different expertise; as long as there is an understanding among all of you to arrive at your plan of wealth creation. Their jobs are distinctly independent of one another, and you have the duty of doing your due diligence in the best way to proceed according to your needs and risk your ready to take for making a calculated decision based on their advices.

    CT

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.