You might think you don’t need a full-service CPA firm, that your bookkeeper is enough, and you only need an accountant at tax time.
Or maybe you think that cutting so-called “administrative costs” like finance and accounting is going to save you money.
I’m sure you’re familiar with the phrase, “penny wise, pound foolish,” so you should know that a full-service accounting firm can help you with all aspects of your company and help increase your profitability.
Not to mention that every business needs a trusted financial and business advisor to help guide the way. And please don’t think you can do your taxes in-house. That never works, and it can put you and your business in financial jeopardy.
The smart money is on hiring a full-service CPA firm.
Here are 6 reasons why.
1. You can focus on day-to-day operations.
As a business owner, you probably find it frustrating when you can’t focus on the areas that generate revenue, like providing the best in customer service.
A full-service CPA firm can handle the financial and accounting aspects of your business so you can focus on the needs of your clients, supply them with the products and services they want, and concentrate on revenue generation.
2. Achieve business profitability and growth.
Chances are you aren’t taking advantage of all the tax deductions and important savings available. After all, tax laws change, it seems, every week.
Where are you putting your money? Is it in profit growth areas? Do you even know what those are?
A full-service CPA firm can give you advice on the most current, up-to-date rules so you can make the absolute best long-term decisions and profit-making planning strategies.
You’re the expert in your line of business, so concentrate on that. Let the experts at a CPA firm focus on what they do best: planning and consulting in finance and tax.
3. Support for more than money.
Every business has required documentation and compliance. Local, state, and federal agencies all have their requirements
This can be an overwhelming responsibility, and doing something wrong can cost you in terms of both money and reputation.
A full-service CPA firm knows the ins-and-outs of filing requirements to keep your business in compliance with federal and state requirements, as well as those for banks, investors and other entities.
4. Beat the competition.
Would you like to gain a trusted advisor that can help your business grow and thrive? A full-service CPA firm can become an essential resource for your business. They will help you identify areas of your business where you are doing better or worse than the competition and guide you through the next stage needed to grow.
A full-service CPA firm will get to know your business inside and out, and partner with you to maximize profits.
5. You need more than a tax preparer.
Taxes are important, but any CPA can help with your taxes.
A full-service CPA firm does more than do calculations and prepare your taxes. Theybhave the insight and know-how to help you develop sound financial strategies for today and the future. In addition to keeping up-to-date with tax law, they have their finger on the pulse of the economy and the financial community.
6. Year-Round Availability.
Some CPA firms are MIA after tax season. Who needs a part-time CPA? What if you have questions? Or even worse, what if you get a letter from the IRS?
Before you panic, this is what a full-service CPA firm is for. They will help you with any financial or accounting issues whenever you need them.
Shannon and Associates will give you back the time you need to do the important stuff.
As a business owner, you should spend your time focusing on the big, important goals of your business, instead of every little financial detail. Maybe you plan to open another location, or expand your product line. Doing these things takes time, and maybe money.
Do you really know the state of your finances and how your money can work best for you and your business?
You can look at us as your financial partner. We free you (and potentially some employees) from daily financial details and responsibilities that can drag you away from what you do best-run your business.
We give you the time and space to focus on your business to develop its full potential. Remember, time is money. The professionals at a full-service CPA firm not only save you time, they can help your business grown and prosper.
Do the right thing for your business and reach out to Shannon and Associates before more time (and money) flies away.