How you can be a hero to your clients in 2016 by providing business insights year-round
December 21, 2015

To be an appreciated business partner, you should take steps to provide proactive advice rather than reactive answers to your clients' inquiries. Politics and technology in 2016 should initiate great change. As the business world shifts, you should do your best to ensure your clients stay ahead of surprises.

Watch the news
As an accountant, one of your primary responsibilities is to keep your clients up to date on changing taxes. Anytime the IRS even contemplates new regulations, you have to converse with your partners about what it means for their business and what you will do to help.

There will be a presidential election in 2016, the results of which are sure to affect business financial reporting in some way. The Motley Fool suggested income tax reform has been a major talking point, and businesses need to voice their needs to their representatives and get ready to restructure organizations to stay in compliance without wasting funds. With each new debate or headline, you may think to drop your clients a line about your opinions or recommendations going forward.

Keep up with technology
There are software tools that help businesses stay in compliance with tax laws. If your clients communicate difficulty in keeping up with radical shifts in their industry, you should be able to advise on what new technology can help erase their pain points and works in conjunction with your solutions.

The new year should see more companies providing ecommerce options. You have to make yourself familiar with financial data coming in from numerous sales channels. Before a business implements any new IT asset, it should check with all invested stakeholders. You must make sure you have helpful answers to their questions so you remain a valuable resource.

Analytical insights
If you have the latest accounting software, you can offer advice based on the data your clients provide you with. Embedded analytical tools allow you to view financial data as charts or graphs. Information visualization not only makes it easier to spot trends but you can use easy-to-read displays to communicate with clients.

As analytical tools improve, you can drill down deeper into data to provide predictive analysis and risk assessment. Anytime your data processes show you something worth communicating, you need to sit down with your client and offer advice to see continued success or to prevent problems looming on the horizon.

Nexus: G-WEBCD5