Reasons to Hire a Small Business Accountant

Solo entrepreneurs usually run small businesses. A small business is most likely to have budgetary constraints. In such a situation, the business owner would wear many hats, doing most of the work including accounts.

Small business accountant

Accounting is a very important activity and not giving it sufficient time and focus can cause problems in the long-run. Since entrepreneurs are more focused on business growth, they may not be able to devote time for accounting. This is why it makes sense to hire a small business accountant to ensure accounting operations are managed effectively.

There are many reasons why a small business should hire an accountant.…

Continue reading

Should You Use a Third-Party Accountant or Bring Someone In-House?

Unless you as the owner of your business happen to have a masters in accounting, chances are that right from the start you’ve been using a third party accountant to keep track of your books, do your taxes, ensure you can survive an audit, and make recommendations on how you manage money within your business.

Accountants discussing business finances

However, if your business has seen some recent expansion and your accounting needs have become more complicated, you may be considering whether or not this arrangement is still best for your business.

Should you stay with your current small business accountant and up your demand for their time, hire an accounting firm with more capacity, or hire a full or part time in-house accounting expert?…

Continue reading