Tax Season has ended which means you probably won’t be speaking to your accountant as much. However, did you know your accountant can help with more than tax preparation? Accountants are extremely valuable year-round so it’s to your advantage to foster that relationship.
Getting Another Perspective As a small business owner, you see money coming in and going out. As you’re running your business, it’s hard to see what’s draining your business, why it’s draining your business, and to find the time to do anything about it until it’s too late. When working with your accountant year-round you can ascertain growth opportunities and keep a handle on expenses.
Audit Proof Your Business Monthly As a small business owner, you are in charge of it all. Bookkeeping seems so easy because of the commercials and the ads we see promoting “low rates” but you never get around to it and find yourself always needing to catch up. Bookkeeping is a task that should definitely be outsourced. Your accountant will make sure that you are capturing all income and expenses on a monthly basis with needed proof! The added benefit is there’s another set of trained eyes reviewing your records to give you strategic advice.
It’s not easy to achieve success in business. Most small businesses fail within the first five years. Working with an accountant will help identify future concerns and address them before the fact.
Remember the goal is to have a prosperous business!