Does the IRS get their taxes?
The answer is yes.
Yes, a business accountant can help you save money, but…
You cannot hire just any accountant to help you out. You MUST find an accountant that can bring your books current, set up and manage your accounting system, and forecast your financial future.
Moreover, your accountant should be able to advise you on business decisions, how it will affect your profit and loss, and the risk-reward profile.
If you want to focus on working ON your business instead of IN it, then let me help you.
This is why it’s imperative you get an outsourced accounting department for your financials who knows what they are doing…
Is An Accountant Worth It For My Business & Growing Company?
If you like to deal with government paperwork, the IRS, and your own taxes, then go ahead and skip the business accountant, but…
If you’d like to take the evenings off, not stress about filing on time during tax seasons, and spot trends that can generate more profit for your business, then consider getting a business accountant expert.
Here are three ways an accountant can make you more money each year:
#1. Accountants Help You Find Money
There’s no better professional to “find” money in your business than an accountant. Your business accountant can bring your books current, set up and monitor your accounting systems, and forecast future success – on a weekly, monthly, quarterly basis, or whenever you’d like. An accountant will help you be more strategic with how you save, spend, and invest your cash. They can also spot trends so you can take advantage of even larger profits otherwise missed.
#2. Avoid IRS Tax Penalties
Tax penalties; they’re the bane of every business’s existence. Every year, owners and executives get drug through the mud to pay their “fair share” in taxes. While this is a tumultuous experience every single year, no matter how big or small your operation, an accountant can be your “business superhero.” How? Cost savings on preparing, filing, and managing your taxes for you. Not only do you get your time back, but you also get a professional to help you leverage the tax law to reduce obligations. A business doing well will be able to weather a tax storm, but a business that’s struggling may get wiped out by tax penalties. An accountant helps you avoid and reduce your tax obligation.
#3. Business Advisory Services
You’ve probably heard knowledge is power, but how you use that power matters. An accountant has years’ worth of knowledge they can impart to you and your business. Their advisory services around finance, business, and everything in between can be invaluable to you and your growth. An accountant can help you determine profit and loss for operations, clients, employees, and more.
They can even “find” you money otherwise missed.
They can also help you find expenses you don’t need anymore and can replace or remove entirely.
An accountant is more than a “numbers person;” they’re an investment in your business to reduce tax obligations and earn higher profits.
Why An Outsourced Accountant Is Important to Your Company
Whether you’re a $200k per year business or a $75M+ enterprise, your accounting department is vital to your success.
Your outsourced accounting department can be one person, part-time; it could also be a team of accountants working diligently to keep your books in order, profits on track, and financial forecasts in the clear.
In either case, your company accountant is important for three reasons:
#1. Help Evaluate Performance
Your financial records reflect your business or company’s results. There’s no hiding the numbers. Having a professional know how to collect, track, manage and forecast those numbers can mean the difference between success and failure for your business or company.
#2. Keep You Compliant
There’s more to business than profits and losses. There are laws and regulations around what you sell, how you sell it, how you make money, how you collect money, and more. Your accountant can help keep you compliant through all of this so you don’t have to go 10 rounds with the IRS to keep your money.
#3. Create Budgets and Forecast Financials
How you spend money is just as important as how you make money. Accountants help you budget both and keep you on track to reach your financial goals. They can also help you determine where you’re falling short. Or, they can show you where to take a financial risk to gain a huge upside win. Accountants do more than spreadsheets and numbers. They can advise, as well.
How Do I Outsource My Accounting for a Third of the Cost?
If you want an accountant in your corner to help you save money, find new money, and keep the IRS off your back, then let me manage your financial standings, reports, and forecasting for a third of the cost.
I deliver spot-on, accurate reports weekly, monthly, quarterly, or whenever you like.
I reconcile and bring books current – the first time, so you can work on growing your company instead of struggling inside of it.
I forecast your financial future so you can grow your company toward financial success. And, my in-house CPA can prepare and file your taxes.