If you’re starting a new business, you may be wondering if you need an accountant. What does an accountant do? How could an accountant help your business? And can you afford to use one?
Getting Started & Planning for Growth
You want to position your business for success as quickly as possible. It’s a good rule of thumb that you can’t expect to make a profit when you first open a business, but an accountant can help you with a realistic plan for the future of the business. From determining the best business structure for you to helping you set up good record keeping practices, the experience of a professional is an asset.
As your business grows, an accountant can help you with budgeting, payroll and managing cash flows, inventory and business financing. You’ll need accurate monthly statements and financial analysis to ensure your operations are running smoothly.
Regulatory and Tax Compliance
You need someone who understands the government regulations and tax compliance issues involved with your business. Your accountant can work with you to ensure you are adhering to government regulations and meeting deadlines, such as quarterly tax payments, tax returns and W2 submissions. An accountant can also help you through an IRS audit if that is required.
Hiring an accountant can help your business with keeping organized professional records and avoiding mistakes that can be costly, such as bank overdrafts, late fees and tax penalties.
So, What Does an Accountant Do? Let us show you.
CPA Services of Florida is a Certified Public Accounting firm that offers full accounting, bookkeeping and financial reporting services for individuals and businesses. We can help you make a plan for the financial management of your business, so you’re organized from the jump. If it’s too late for that, don’t despair. We offer proactive accounting and tax services including tax resolution, tax planning, tax preparation, and audit representation.
With CPA Services of Florida, you can afford an accountant for your business. We’ll work with you to help you understand where you need to invest in professional accounting assistant and what you can manage on your own.
We have more than 30 years of experience in accounting and small business consulting, and we are here to help with your business and personal accounting needs. Call us for tax help today at 941-924-1120.
See also:
Why You Need an Accountant for Your Business
New Business Accounting: What You Need to Know When You Start a Business