Time is money, but for small businesses sometimes it seems like you don’t have either to spare. While there are some tasks that you can tackle yourself with the help of a book or a few YouTube videos, there are others that you shouldn’t risk letting someone else handle. Choosing to hire an accountant for your small business will allow you to spend your time on what you’re good at, get the financial support you need and benefit from the expertise of someone who has helped countless businesses just like yours.
4 Reasons You Should Hire an Accountant for Your Small Business
- Prevent Future Issues: One study found that approximately 28% of small businesses have been audited by the IRS or received a formal notice from them regarding their taxes. Audits are incredibly stressful for any business owner, but they are particularly stressful if you do not have your records in order. If you hire an accountant for your small business, you can rest assured that they will be in order and accurate.
- Handle All Financial Tasks: Hiring an accountant can help you with your books every day and help you with your taxes. If you need help with payroll as you expand, they can assist with that. If you end up needing help with financial projections, they can also help with that. When you hire an accountant for your small business, you can benefit from the full spectrum of services that they offer.
- Provide You With Advice: Accountants do far more than just balance your books, as they can also assist with managing your cash flow and providing business consulting services. Because an accountant has the financial picture of your business, they are uniquely qualified to give you advice concerning it and help you make the best financial decisions possible.
- Objective Support: When all of the people who help you make decisions are on the staff, it can sometimes mean getting lots of subjective advice. When you hire an accountant for your small business, you will get objective support based on their experience and not potentially biased advice.
Get Updated Bookkeeping and Accounting Records with Help from MKS&H
MKS&H provides tax and accounting services to businesses of every size and in every industry. We can work with you to determine the best way to update your records, plan for the future, budget and more. Contact us today for a consultation.