Do I Need An Accountant For My Business?

If you run a business, you are required to file taxes with the IRS and in certain cases, your state’s department of revenue. This can seem like a no-brainer, and though you may be able to file your own taxes, track your invoicing, manage your bookkeeping and payroll, and monitor your business’s cash flow…do you really want to?  

The larger and more complex your business is, the more difficult it is to keep track of the numbers.  While you may have started your business to make money, you certainly didn’t start it to become a part-time accountant (unless, of course, you are an accountant!). Chances are, you started your business to help people meet a need.  Whether that need is for better childcare, stronger roofing, or better indoor plumbing–you are a business owner, and this means you wear many hats. So before we go any further, let’s congratulate you on that! Seriously, running a business isn’t easy–trust us, we know!

You may find that in the beginning stages of your business learning a little bit of accounting can be…dare we say it…fun! In fact, you are encouraged to know some of the basics. But as time goes on, you will want to focus more on the purpose of your business and the innovative ways to drive your company forward instead of tallying invoices and receipts. It may be more fun AND productive for you to improve on your customers’ experience, to strategize on generating new leads, or to implement an engaging work culture for those who work for and with you. Like we said, you wear many hats, and being a “number-cruncher” is a hat you can happily let your accountant wear.  

Even if you are a solopreneur, there are benefits to having an accountant to help you. While you may not need services full-time, there will be times when you will want to implement certain systems that make invoicing and bookkeeping much easier than putting everything down in an excel sheet, or saving old receipts. Even if you are using a software like Quickbooks, which can be deceptively easy, having an accountant that can assist with properly coding transactions can ensure that your information is correct and usable.  After all, garbage in, garbage out!

Further, an accountant can provide analyses tailored to help you make management decisions such as “can I hire more employees?” or “should I open that second location?” An accountant can also help you establish financial goals for your business and walk you through the steps needed to get there!

Hiring an accountant will not only help with your taxes and bookkeeping; there many other crucial areas that an accountant can help with that are key to making sure your business not only survives, but thrives! Having an accountant on your side helps you focus more on your business, and seize opportunities to grow in size, income, and influence.

Contact us today to discuss your business goals and to see how an accountant can help you achieve them!

Written by Desnoyers CPA

Desnoyers CPA

Known for her friendly, outgoing nature and her rare talent for financial foresight, Lydia Desnoyers has been serving individuals and small businesses in Florida since 2010. After earning her Master’s Degree in Accounting from Nova Southeastern University and her Bachelor’s Degree in Accounting from Florida State University, she became a Certified Public Accountant and a Certified Fraud Examiner.

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