Why You Should Hire An Accountant To Handle The Books For Your Small Business
Owning a small business comes with a great deal of responsibility. You likely have a very small staff because you are trying to keep as much of the company capital within the business as you possibly can. While it is important to keep your payroll small during the growth stage of your business, bringing on a certified public accountant (CPA) is an expense that you can't afford to skimp on. CPA's have a wealth of knowledge concerning how to handle your finances in such a way that you stand to gain much more than you lose by paying their salary. Use this information to learn more about why you should hire a CPA from a place like Kamphaus Henning & Hood to handle the books for your small business.
Taxes Are A Big Deal
Living in an age where it's quite simple to go online and file your taxes can give you a false sense of competency. You may believe that you don't need an expert to handle this matter because you think you are saving money by using a virtual software source to file your business taxes.
However, there is simply no substitute for financial expertise. CPA's can consult with you concerning deductions that you may not be aware of. These deductions can cut your taxes down quite a bit and cause you to save a considerable sum of money.
CPA's Keep You Compliant
Staying in compliance with the law is an important part of maintaining your business. If you are found to be in violation of a law, you won't be able to claim that you didn't know about the regulation because it simply won't hold up in court.
Hiring a CPA can help you avoid having hefty fines levied against you. Letting a CPA handle your books and payroll keeps you compliant in so many different ways. For example, if you have independent contractors on staff, CPA's can make sure that their rights are acknowledged by not allowing them to work more hours than what is the legal limit. This helps you avoid a lawsuit that deals with worker rights at a later time.
The training that CPA's receive gives them the knowledge necessary to be an indispensable part of your team. Bringing one of these skilled workers on staff may be the key that helps your company expand to new markets so you can bring in even more profits. Let a CPA handle your books today so you can enjoy these benefits and many more.