Remember when you used to dream about starting your business? You most likely didn’t realize how much time needs to be devoted to getting your taxes and accounting right. That's not why you started your business in the first place, is it? My suggestion? Do what you do best and leave the taxes and accounting to a certified public accountant. 

Save Time

To increase the chances of future success, all businesses must stay on top of the financial pulse of their company. This includes tracking income and expenses, assets, liabilities, and equity; maintaining and analyzing separate business bank and credit card accounts; and saving and planning for taxes.

Learning how to organize and manage all this data to make sense is very time-consuming and is viewed as boring by most new business owners. As the head of a startup business, your time is already incredibly scarce, so it’s imperative you spend it handling the parts of your business that are exciting to you and that you know best. Using the help of a certified public accountant will make sure your accounting and tax filings are completed on time and correctly, so you can have time to focus on the bigger picture. 

Save Money

Any new business has a learning curve. If you aren’t sure how to accurately handle the accounting and tax filing part of your business you could end up spending more time than you should trying to learn these areas of your business. This valuable time could be spent elsewhere in your business.

Certified public accountants are trained in the use of state-of-the-art accounting and tax software. They can help your business develop a future budget for expanding and purchasing necessary equipment at the right time. They also attend continuing professional education classes in order to understand new business and tax law changes, so they can help to minimize what you owe in taxes and avoid the possibility of a tax audit. You save money because you don't have to pay them benefits or a steady salary like you do for your employees. I've heard some new business owners say they can't afford to hire a CPA, I say you can't afford not to. So save yourself time and money, have a CPA help you with your tax and accounting tasks.

Don’t let tax and accounting requirements drag you away from what you do best. Fresh Start Tax Resolutions has been helping small businesses in Greensboro, NC, with their tax and accounting issues for over 30 years. They can clean up your books, set up your company on QuickBooks®, prepare your business and personal taxes, and solve any complicated problems that you may have. To schedule a consultation, call (347) 210-2799, and visit the website to learn more.