By Evan Vitale
One of the most important players in your growing business is your accountant.
Consider this: business growth also means your business plan has changed, you’re hiring more employees, you might encounter more tax matters (good and bad), you might be applying for more financing, etc.
In all of these cases, your professional accountant can be – and should be – a big ally for your company.
Unfortunately, many businesses are worried about more billable hours from their accountant and start to consider cutting back on using his/her services. Before you scale back on using your accountant more often during a time of growth, consider the value your accountant brings to the table for your firm:
- The amount of time saved.
- Amount paid for that time.
- Error-free work.
- Peace of mind.
Remember, your professional accountant does much more than file taxes. Include him/her in helping you create, polish and form your business plan, let him/her help you set up in-house bookkeeping, accounts payable and accounts receivable software and systems and more.
A friend of mine, who has a growing business, currently uses his accountant to help in filing quarterly tax returns, bi-weekly payroll, payroll tax deposits and filing annual tax returns. In addition, he meets with his account once a quarter to go over company financials and seek growth advice. The return on investment for him is invaluable.
As you can see, the services of an accountant go way beyond that of tax work and the majority of professional accountants build their consulting services based on the needs of the individual or company client. No matter if your company is big or small, there are a great deal of benefits associated with the services from an accountant.