Having a certified Business Accountant can be a massive time and stress saver when it comes to running your business. That said, not all Accountants are created equal. It’s important to do your research and ensure that the individual you are trusting with your business is the right fit for you and the type of work you do. There can be specific regulations that different industries are required to follow and better yet, some write offs that are available to different types of businesses as well. Having the right TYPE of Business Accountant is paramount to the success of your partnership together. Their qualifications and expertise will ensure that your business taxes are filed properly and that you are taking advantage of every deduction possible – ultimately, saving you time AND money.
There are so many moving parts to consider when you are running a business. No matter the size of your company, you can sometimes feel like your head is spinning in a million different directions while you’re trying to juggle a hundred different things. Often, many pieces of that balancing act are related to your company’s finances (such as payroll, taxes, or purchasing). If math and finances aren’t necessarily your forte, balancing this side of your business might feel extra tedious. This is where an Accountant could come in handy. Let’s talk about the benefits of hiring an Accountant for your business.
Find Your Type
Ask Questions
Once you’ve found the Accountant that is right for you, be sure to utilize their knowledge. Don’t be afraid to consult them for advice before making any major purchases or decisions related to the finances of your business. They may have recommendations related to how and when purchases are conducted which will ensure you receive the maximum benefit come tax time. It is also important to discuss the long-term and short-term goals you have for your business with your Accountant. They may be able to provide insight and recommendations on when to make certain moves or implement certain changes to again, make sure you receive the maximum tax credit.
Worry-free Tax Time
If you have Employees within your business, you’ll definitely want to ensure you have a professional Accountant to support you at tax time. They can provide you with all the necessary tax slips for your people so they too, can complete their taxes in an efficient and accurate manner. Not only is this one more thing off your plate, but having a professional complete this task ensures it is done accurately and in line with all necessary provincial and federal labor regulations.
Whether you run a small business or a large corporation, there is great value in having a certified, professional Accountant that specializes in your particular type of business. From time savings to peace of mind and everything in between, having a professional Accountant on your team is guaranteed to have a positive overall impact on your business.
Has hiring an accountant made a huge impact on your business? Tell us about it! Email us at info@cormackrecruitment.com with your story for a chance to have us highlight your business today!
