“What are the benefits of retaining the services of an accountant if you run a small business?” We get asked this question all the time. While there are countless ways an accountant can save your business money and help you grow in the long-run, we’ve summarized our four top ways:
- Bookkeeping. An accountant will be able to keep track of all your day to day transactions such as sales, expenses, monthly cash flow and more. There are many different ways to keep your books depending on the type and size of your business. For some businesses a bookkeeper on-site daily or weekly works best while for others simple handing off all your transactions to an accountant will also do the trick. A bookkeeper will be able to save you time from having to do it all yourself but more importantly, your financial statements will be in order when it comes time to file your taxes. Accounting Solutions Ltd. offers bookkeeping services to Chicago businesses small and large. Give us a call today to book your FREE, 60 minute consultation to get started, 773-267-7500.
- Cost Control. Running a business means dealing with overhead. An accountant will be able to evaluate the essential needs of your business while eliminating the ones that are draining your cash flow. Having this additional perspective will not only keep your business in good shape, but will also set you up for growth and long-term success.
- Tax Planning. A good accountant is always up to date on the latest tax regulation changes and how they will affect your business. It may be a change in the sales tax rate or a new deduction that will help you. You want to avoid penalties and to benefit from changes in tax law, if possible. Learn more about our business tax preparation and planning services at 773-267-7500.
- Time Saving. Running a business is no small feat, and getting your finances right is crucial to success. Unfortunately, looking after your books can be incredibly time consuming and not what you want to spend your time doing if you are looking to grow. You need to focus on getting sales and bringing in leads so that your business can thrive. Your accountant will look after your books and help you maintain a positive cash flow. It is a win-win situation for any business owner.
Accounting Solutions Ltd. has been helping Chicago businesses thrive for over 25 years. We are passionate about what we do and love to see our clients succeed. Get to know us by booking a FREE 60 minute consultation today.