Why Small Businesses and Start-ups Need an Accountant for Year-Round Help

accountant

If you have recently launched a small business or start-up, or if you’re planning to do so in the near future, hiring an accountant is one of the most important steps you should take. An accountant can help you launch your business, handle payroll and taxes, keep track of expenditures, and provide guidance when dealing with the government and with lenders.

Get Professional Advice to Help You Start Your Company

When launching a business, you’ll have to make several critical decisions, such as which type of company to form. The tax implications of creating a limited liability company or a corporation, for instance, can affect you in numerous ways for as long as you own your business. An accountant can explain the differences between these and other business types and help you select the one that’s right for you. An accountant can also help you develop a business plan to set your company on a path to success.

Have an Accountant Help You Handle Expenses and Income

Running a business can be overwhelming, especially if you’re trying to keep track of money coming in from multiple sources and going out to pay employees and vendors. An accountant can handle those matters so you can focus on running and expanding your business. 

An accountant can handle payroll, make sure that appropriate amounts are withheld for employees’ taxes and benefits, and prepare annual financial statements and other important documents. Delegating those aspects of your business operations to an accountant can help you avoid feeling overwhelmed and burnt out.

Let an Accountant Deal with the Government

Completing official government paperwork related to your company’s business structure, filing tax returns, and dealing with audits can be confusing and stressful if you don’t have the appropriate training and experience. An accountant with an in-depth understanding of those matters can handle them on your behalf so you can focus on your company’s day-to-day operations and long-term growth.

Get Advice on Loans and Expansion

There may come a time when you want to borrow money or take other steps to grow your business. You may need help deciding how to obtain funding or when to take on a new project. An accountant can give you advice based on your company’s specific situation and goals and guide you through the process to make it happen.

Let DOAAR Help Your Small Business or Start-up

DOAAR can provide your company with a wide range of services, including bookkeeping, tax preparation, tax planning, and investment planning. We will take the time to learn about your company and your goals to serve you to the best of our ability. 

Contact us today to learn more about how we can assist you.

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