How to help your clients succeed

29th Mar 2021
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bokio
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From helping structuring their businesses to preparing for tax deadlines, there’s a lot you can do to guide your clients to business success. We’ve put together some quick tips that you can put into practice.

Clear communication

Developing a relationship with your client is the first step to becoming a trusted advisor. Clear communication ensures they know what you’re working on and how this is beneficial to their business. Plus, it gives the opportunity to find out if they need any more for you.

Regular check ins mean you’ll know if your client is on the right track, and if there is the opportunity to share your skills with advisory services.

Separate personal and business expenses

New clients, especially those who have recently started their own business, may not know about the benefits of separating personal and business finances. Sharing knowledge in this way, and guiding them in the right direction of financial solutions will help your clients make the best decisions for their financial future.

Help them structure their business

Business structure can be key to success. Having the right structure will not only help your clients run their business smoothly, but it can also be tax efficient too. Offering advice on structural changes, like when to transition from being a sole trader to a limited company, can be really valuable guidance for your clients.

Plan for the future

When it comes to future planning, considering finances should be at the centre. Your help with projections, tax advice and budgeting can give your clients all the information they need to plan ahead and create a plan for business success.

Understanding reports

When sharing reports with your clients it’s important to make it clear what they mean and how they can be used, so clients can check in their own time and make the best decisions for their business. Some reports might require some interpretation, like the balance sheet report, which can be a really valuable tool to help your clients understand their cash flow.

Using an automated accounting software is a simple way to share reports, so clients can check in on their business when they need to.

Prepare for tax deadlines

Make sure your clients are prepared for their tax deadlines! Whether it’s setting money aside for payments, getting you the information you need to do your job, or registering for any relevant taxes, having clear communication with your clients can avoid any last minute surprises.

When there are changes to tax keep your clients up to date. IR35 and Making Tax Digital can affect your clients, so talk it through with them. Your assurance and guidance can make all the difference.

Choose the right software

The right accounting software makes your job easier, but it can also help you clients too. Choose a collaborative solution that makes it simple for your clients to share details with you or be involved in their accounting if they wish. 

Integrated features like invoicing and expenses will give them the tools they need to run their business, while you get the information you need to do their accounts.

About Bokio

Bokio is a free cloud accounting software offering bookkeeping, invoicing and expenses management. It’s a great solution for collaborating with smaller clients, like small businesses, sole traders and freelancers. With automated reporting and automatically generated VAT Returns for Making Tax Digital, Bokio helps you save time on day-to-day tasks so you can focus on offering high value advisory services.