February 23, 2024

Why Financial Planners Don't Advise on Business Finances (But We Do)

When it comes to managing finances, many people turn to Financial Planners for guidance. But what happens when those finances go beyond personal accounts and delve into the realm of business? Surprisingly, many Financial Planners don't offer guidance on business finances. So, why is that? And what makes us at Helix Planning different? Let's dive in!


First and foremost, Financial Planners typically specialise in personal finance. They are trained and experienced in helping individuals manage their money, invest wisely, plan for retirement, and more. When it comes to business finances, however, the rules and best practices can be quite different. Business finances require a strong understanding of accounting, tax laws, cash flow management, and other complex topics. It's simply not something that all Financial Planners have expertise in.


Additionally, many Financial Planners may be hesitant to advise on business finances due to liability concerns. Giving advice on something as complex as business finances can come with risks if the advice given is not sound or accurate. As a result, many Financial Planners choose to stick to their area of expertise and avoid business finances altogether.


At Helix Planning, however, we believe in a comprehensive approach to your business strategy, and this includes financial planning for your business finances. We plan with financial knowledge as priority and help you with cashflow forecasting. We understand the unique challenges that come with managing a business's finances, and we have the skills needed to help businesses succeed financially.


When it comes to cash flow forecasting, in particular, we know just how crucial it is to the success of a business. Cash flow forecasting helps businesses predict their financial future and make informed decisions about investments, expenses, and more. We offer customised cash flow forecasting services that take into account your business's unique needs and goals.


Additionally, we understand the importance of staying up-to-date with changing tax laws and other financial regulations that can affect your business's finances. We offer tax planning services with our recommended Accountants TCK Accounting that help businesses stay compliant while minimising their tax burden.


In conclusion, Financial Planners may not always offer advice on business finances, but we at Helix Planning do. We know that managing a business's finances requires a specialised skill set and a deep understanding of complex financial topics. That's why we make sure to prioritise business finance advice when you come to us for your business planning and strategy. So whether you're a start up looking to get your finances in order or an established business looking to grow, we're here to help. Contact us today to learn more about our business planning and financial forecasting services.


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