Independent advisors are specialists and experts that devote their time and energy into telling their clients what to do at any particular point in time. Independent advisors are found in every facet of life ranging from medicine to art works.
This article is primarily written to discuss the role of independent business advisor. Independent business advisors are: business accountants, tax accountants, business analysts, information systems analysts, legal advisors (lawyers), financial analysts, fraud examiners, internal control experts like auditors, etc.
IMPORTANCE OF INDEPENDENT ADVISORS
The importance of independent advisors cannot be over emphasized. Your business will avoid a lot of avoidable loopholes by simply involving the services of business independent advisors. Psychologists for instance can help work on reducing workplace bully that can give room for heavy loss through assets misappropriation and theft. It is a well established fact that human beings are the weakest element in any system and must be worked upon by behavioral experts.
Accountants and auditors will help businesses plan, design and enthrone internal control in a business. You know that the aim of every business venture is to achieve the corporate goal of the business which hinges around the profit maximization via assets protection and multiplication.
Tax accountants in their capacity carry out quality and reliable tax planning on behalf of their clients. Tax planning is a calculated action taken by businesses to reap the benefits of loopholes that exists in tax laws. Tax accountants will ensure that our business does not go against the tax laws which are a criminal offence punishable under the law. The process of illegally refusing to pay tax or under paying is collectively known as tax aversion. Tax aversion can seriously put you and your business in danger of extinction.
Fraud examiners are involved in the interview process to ensure that criminals are not given sensitive positions in a company. Fraud examiners are even retained in most businesses to carryout other routine activities beyond employee’s interview. Fraud examiners are highly sought after independent advisors that serious minded businesses cannot do without. Accountants are assuming the role of fraud fighters in this our modern business society. The role of accountants in fighting fraud is so vital in the fraud fighting community.
I can go on giving reasons why independent advisors are so important our life but, would stop here as this article is not meant to be long. The important thing to take home from this article is that we all need to involve the services of professionals in all that we do if we really want to make in life. Hire an independent advisor today and be rest assured that you never regret your action. Enjoy!