What you should know if you’re thinking of hiring an accountant in Atlanta, Georgia.
Is hiring an accountant in Atlanta, Georgia on your to-do list? Is it way down at the bottom of that list? If the answer is yes, it’s time to bump it to the top. There are so many reasons to have an accountant for your small business, with so many plusses that could benefit you. Still not sure? It might help to take a look at some of the signs it’s time to bring one on board, so you can see what the big deal is.
You Aren’t an Accountant
You are not an accountant. If you were, you wouldn’t be reading this article. There’s no reason you should be an accountant; your skills and expertise lie elsewhere and benefit your business in countless other ways. But financial management in your company is as vital as anything else, and it needs the proper attention to detail to make sure it’s right.
So even though you don’t hold the title of accountant, others do and can give their expertise to you and your business. This includes bookkeeping, managing accounts payable and receivable, overseeing payroll, paying vendors, financial reporting, and tax preparation.
There’s Only So Much Time in the Day
Bookkeeping is one of the most important things you can do for your business to make sure it’s running right and that you’re staying on top of your cashflow. But is it really you that needs to make that happen? There are only so many hours in a day, and your business needs you to focus on your product or service, your employees, sales, promotion, and growth. Bookkeeping takes you away from other tasks that you are better at and robs your company of your skill and expertise when it could need it most.
The Dread of Taxes is Taking Over Your Days and Nights
Taxes are a necessary part of doing business, but not everyone has what it takes to prepare and file those taxes. Can you do it? Maybe. Can you do it without stress, anxiety, sleepless nights, and hair loss? Maybe not.
That’s where an accountant comes into play. They have the knowledge and education to take care of everything related to your taxes, which includes proper bookkeeping year-round to make the preparation easy and streamlined. Additionally, they are up to date on tax law and changes to it, as well as state and industry regulations. You can rest easy knowing your taxes are accurate and you won’t have to worry if an audit should come your way.
You Shouldn’t Move Forward Without Guidance
The goal of a small business is profit and growth. Maybe a lot of growth or perhaps a small, controlled amount. Either way, though you might be the subject matter expert on your product or service, it could benefit you greatly to defer to experts for advice and guidance when it comes to that growth. There are many considerations including overhead, inventory, equipment, staffing, and investments that can make or break your business plan and vision. An accountant has the knowledge that can help guide you when it’s time to make those decisions. They can walk you through the process, advise on good and bad choices, and help structure transactions.
You have likely heard people talking about what a big deal it is to hire an accountant for their small business. You may have been skeptical in the past. But with the information we’ve just given you about the benefits and why you need one, it’s time to push that task to the top of your to-do list.
Learn more about how an accountant in Atlanta, Georgia can help your business, and download a free report on maximizing your use of QuickBooks here.