EOFY is when we are most grateful for accountants, so we compiled a list of thoughtful and affordable gifts to thank the person who helps maintain the financial health of your business.
Engaging a reliable accountant to handle your tax obligations, help manage cash flow, and find ways to contain costs is one of the best decisions you’ll ever make for your recruitment business. Expressing your appreciation for their work via a considerate gift will probably surprise and delight them.
A word about timing your present…
Gift-giving is traditional at Christmas, but we think EOFY marks a more important milestone in your accountant's working year. This is a very busy and exhausting time for them, so your appreciation will likely be very welcome.
If you are too busy to think of your accountant during the EOFY period, you could choose to treat them on 10 November... International Accountants Day, which gives you a built-in, fun reason to surprise them!
Without further ado, here are our Top 3 gift ideas for your accountant.
1. A subscription service
Your accountant may have to submit monthly or quarterly Business Activity Statements (BAS) to the Australian Tax Office (ATO) that covers all your tax obligations like GST and PAYG instalments. How about a monthly or quarterly subscription to something they love, like wine, craft beer or coffee? Choose a local business, and you'll be helping another Australian entrepreneur AND give your accountant a gift they’ll use and enjoy.
2. A USB numeric keyboard
If you take a look at your laptop’s keyboard, it probably doesn’t have the separate numerical keypad to the right that old-school keyboards used to have. For someone who works with figures all day, this can be very inconvenient. Your accountant may already have a plug-in numerical keyboard because they’re so useful, but it never hurts to have more than one, especially if they move between clients, or between an office and home. It's a practical and thoughtful gift.
3. Perfect accounts
This might be the gift that your accountant appreciates the most. The days of handing over a shoebox filled with invoices, receipts, timesheets and random paperwork for them to sort out are long over, but your accountant will still appreciate a back-office contractor management solution that collates invoicing, payroll, timesheets, and reporting into one easy-to-use reporting system.
If you choose a suitable software stack while setting up your business, this will be the easiest and best gift you ever give. Not only will your accountant be able to track the financial aspects of your business with ease, but they’ll also be able to access anything they need for the ATO going back five years because good systems will store all your records in the Cloud.
Bonus gift idea
Offer an IOU or ‘gift voucher’ to fulfil their higher-level staffing needs for free, should the need ever arise. If your accountant is an SME like yourself, then they will probably appreciate your expertise in placing ads, checking CVs, screening candidates and scheduling interviews. Once again, this is something that an efficient backend system will be able to cope with. If you ensure that your integrated software has scheduling, onboarding and contracting elements, then doing this favour for your accountant will be simple.
PS talk to us today about giving yourself and your accountant a gift that keeps on giving: Platinum's complete contractor management solution.