Achieving The Best Financial Plan – Why We Work With Your Accountant

Financial advice is multi-faceted, with multiple aspects combining to create the best bespoke financial plan for you. Each area of financial planning has a specific role in helping you achieve your financial objectives, and one of these key areas is a collaboration with other industry professionals, in particular, accountants.

Making these connections gives an opportunity to streamline the process of financial planning, giving a full breadth of advice that covers each area of concern.

Particularly in the approach to the tax year-end, combining efforts means that tax planning is more hassle-free and beneficial for you.

How does working collaboratively help?

  • It gives you flexibility

Though tax preparation software may be more accessible than ever, often people’s tax situations are more complex.

Investments, owning a business and buying property are a few of the more complex aspects of tax planning, and usually require the assistance of an accountant to ensure bookkeeping and tax implications are kept in optimum shape.

Any life changes usually come with their own difficulties around tracking and being informed on your finances, which is why the combined effort of an accountant and financial adviser can go a long way in freeing up more time for you.

You can spend less time worrying about your finances and watch your money work harder for you instead.

  • It fills in the gaps

There are key differences in the services an account provides in comparison to a financial adviser, which is exactly why combining the two fills in any problem areas that may occur.

For example, whilst an accountant can help you to understand the laws around bookkeeping and taxes, a financial adviser can inform you on allowances, investments and understanding how your financial plan fits in.

It’s a more holistic approach, and as a result, means that you can feel more confident and in control of your finances.

Covering both bases of understanding the benefits/risks of certain financial decisions and how you can input information for bookkeeping gives a better sense of reassurance!

  • It’s a more encouraging approach

If you are seeking out financial advice for the first time and already have an accountant, the prospect of not being able to efficiently and effectively combine both services can be daunting.

We know that accountants are central to the way many people, primarily business owners, work.

Ensuring adequate time is given to collaborating and staying on track means you don’t have to work as a mediator or struggle to convey different messages to different parties.

It’s about what works best for you!

We want you to feel confident in your finances, and that begins by cultivating an environment that fosters long-lasting relationships built on trust.

Whilst we might not be able to predict unexpected changes, we can plan for them together.

If this sounds like an approach you’d be interested in, we’d love to hear from you and help you along your financial journey and provide a little extra peace of mind.

Get in touch with us by calling 01302 791 900

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise.  You may get back less than the amount invested.