Archive | May, 2012

Online Tax Consultants

16 May

When you say taxation, it means an imposition of taxes upon an individual or an organization of which they are very knowledgeable about. Tax consultants are professionals who are equipped with the knowledge of taxation. As a wag once famously said, “The only things certain in life are death and taxes.” Though this remark was aimed at individual men and women, it applies equally well to all business enterprises, big or small, who have an obligation to file their tax returns year after year with the IRS.

Although some countries require companies of a certain size to verify their balance sheets, many people use tax consultants to minimize the amount of taxes they pay, avoid learning in depth tax laws, or to become more familiar with the laws. Before hiring a firm you need to check their references. If the firm is established and well liked, they will have some for you to contact. If you are satisfied, once they are checked out, then you can start using the firm to help you with your taxes.

Things you need to check before hiring are:

Ask them how much do they charge.
Find out what you should be able to expect by using their service.
What is their schedule of availability?
Ask them for references.
Ask to see their credentials.

Safeguarding your current financial situation is perhaps the most pressing reason why you should work with tax professionals. However, getting tax help from these experts is also important when it comes to your financial future. Rather than hire a consulting firm at the end of each financial year, you should consider making a long term contract with it so that tax planning becomes a part of your business strategy. This will help you to take advantage of tax savings wherever possible and keep a check on your tax liability, which will ultimately maximize your profits.


The top five accountants’ website mistakes

11 May

I’m frequently intrigued to see that while a few accounting firms adopt an innovative approach to their website, others use a standard template and many more make some quite fundamental mistakes. If your firm has a website and you’re happy that it’s delivering all the things you want to achieve from it, that’s fine. If you don’t yet have a website or doubt the value of spending time updating or upgrading it, you may find that what follows offers some food for thought.

Who is this website for?
It’s essential to ensure that your website contains appropriate messages targeted at your key audiences, but you’d be surprised how many get this basic element wrong. Existing clients are rarely a key audience for any accountants’ website – in most cases clients will contact you directly when they need your help and will only go to your website if you have directed them there. The real target audience for an accountant’s website normally includes:

  • Prospects who have been recommended to the firm
  • Prospects who have found the site when searching online
  • Ambassadors and advocates of the firm and the partners e.g. bankers, solicitors and other networking contacts who want to check out what the partners have told them about the firm
  • Suppliers and prospective suppliers
  • Finally – and this is a commonly overlooked but often very important audience – prospective staff

Basic information
Once the website’s target audience has been identified, the next step is ensuring that they get what they came for. Is it easy enough for visitors to find that information or will they be sidetracked by numerous other pages and unable to find their way back to the key data?

As a bare minimum your site should identify what you do, who you do it for, what makes you different, where you’re based and how visitors can get in touch with you using their preferred method (phone, email, or post) or, if you are able to persuade them as to how it benefits them, your preferred method (i.e. filling out a form online to receive a quote without talking to anyone first).

Do you or colleagues waste time or lose prospective leads because they speak to the ‘wrong’ person when they call? It might be worth considering how best to direct them to the ‘right’ person through your website.

Am I in the right place?
The main objective for many firms’ websites is to help generate new clients. Some invest in search engine optimisation (SEO) or arrange a ‘pay per click’ campaign using Google adwords. This article won’t go into too much detail about these, but suffice to say that such efforts are a waste of money if the landing page on your website fails to provide the information being sought by the web user. There are a couple of points to remember in each case:

SEO– It doesn’t matter that you feel comfortable to service new clients across the UK. Most people who search the web for a new accountant are looking for someone local to where they are based. Your website will never rank highly for SEO purposes unless it incorporates key search terms on the home page and in the title tags. Remember that few new clients will come from people searching for your practice’s name. They will be searching for generic terms and your site needs to be optimised to beat the local competition.

Adwords– In this case you’re hoping that the advert catches someone’s eye while they are searching for an accountant. Instead of clicking on a search result you want them to click on your advert. If they do, you will ‘pay per click’. However, bear in mind that you’ll be wasting your money if the advert leads to a generic page on your website that makes no specific reference to the subject matter of the advert.

Who should I ask for?
It’s astonishing how many accountancy firms websites fail to provide visitors with the name of the principal or indeed of anyone in the firm. Even where there is a list of partner profiles, the ‘contact us’ page often simply has a phone number and an info@ style email address. I think it’s a fundamental mistake to omit the use of a name on the ‘contact us’ page. People buy people. However many (or few) calls you get at the moment, you will get more once you identify yourself.

If you have security concerns or ‘size’ issues, use your secretary’s name or the name of the secretary you would engage if you were big enough or bothered enough to have one. This also enables you to immediately identify callers who have come via your website as they are the only ones to ask for that person when they get through to you.

Some accountants prefer email rather than phone as they are often out of the office. Others provide only an office number and hope that visitors will leave a message if there’s no answer. Relatively few strangers will leave a message on their first call to a prospective new accountant. If a real person doesn’t answer the phone, the visitor calls someone else.

If you’re unable to answer the phone personally when a new prospect rings, consider engaging a virtual reception service. You can’t force people to leave messages on an answerphone or to make their first contact with you by email. You can try and some may do as you want, but many others will simply chose to move onto the next accountant’s website.

Losing prospective staff
Imagine for a moment that your firm has placed a recruitment advert in the professional press. What do you think is the first thing that any half decent candidate is going to do these days if the advert catches their eye?

Anyone worth their salt is going to check your website. Firms tell me that they can’t recruit enough good staff. There are more vacancies than good quality candidates. Which firms do you think the good quality candidates choose to visit? I suggest it’s those whose websites make the firms seem attractive places to work.

However effective your website is at converting visitors, will it present the necessary information to a good quality candidate? For example, does it have a ‘careers’ page or a bland ‘vacancies’ page, as if you were a supermarket with vacancies for additional cashiers or cleaners? To my mind, a professional services firm should be enticing new recruits by talking about their potential careers with the firm rather than simply the positions the firm wants to fill.