Contrary to common belief, small businesses need the services of an accountant too. You will need to account all your money starting from the business planning moving forward.
An accountant functions differently from a bookkeeper. They work together though. A bookkeeper handles the preparation of your customer invoices and the wages of your employees on a regular basis. An accountant, on the other hand, handles taxes and the reports related to it.
Some small business owners choose not to hire a bookkeeper as they are capable of maintaining their accounts on their own. You can choose to do so especially if you are budget-poor. However, you can never do away with the services of an accountant because you can never escape your tax duties from the government. Apart from helping you with taxation, an accountant can set up a financial structure that will be beneficial for your business.
Evaluate all possible options before hiring an accountant or an accounting firm. You can ask your friends and co-entrepreneurs in the industry for recommendations. Do not hire the first professional that you will encounter. Have at least three choices. Study the credentials of each specifically their certification and years of experience. If possible, ask for feedback from their past and present clients. Interview them individually and check how each of them may be able to help or provide for your unique accounting needs. Finally, choose the professional or firm that can deliver your expectations at an affordable rate.
An accountant functions differently from a bookkeeper. They work together though. A bookkeeper handles the preparation of your customer invoices and the wages of your employees on a regular basis. An accountant, on the other hand, handles taxes and the reports related to it.
Some small business owners choose not to hire a bookkeeper as they are capable of maintaining their accounts on their own. You can choose to do so especially if you are budget-poor. However, you can never do away with the services of an accountant because you can never escape your tax duties from the government. Apart from helping you with taxation, an accountant can set up a financial structure that will be beneficial for your business.
Evaluate all possible options before hiring an accountant or an accounting firm. You can ask your friends and co-entrepreneurs in the industry for recommendations. Do not hire the first professional that you will encounter. Have at least three choices. Study the credentials of each specifically their certification and years of experience. If possible, ask for feedback from their past and present clients. Interview them individually and check how each of them may be able to help or provide for your unique accounting needs. Finally, choose the professional or firm that can deliver your expectations at an affordable rate.