| Accounting Services - Benefits of Building a | | | | 6) If you are a small business owner, you'll get timely |
| Relationship with Your Accountant | | | | assistance from a financial accounting service in |
| Your accountant can and should be a Very Important | | | | setting up your accounting systems for quarterly and |
| Person (V.I.P.) or certainly one of the most important | | | | year-end reports. |
| people in your life, whether for personal bookkeeping | | | | 7) A payroll accountant can offer business accounting |
| services or business accounting services. Establishing | | | | assistance to help you with W-2 and 1099 forms. |
| a relationship with a financial accountant reaps | | | | 8) If you are audited, you will have representation. |
| innumerable rewards because he or she will then | | | | 9) Financial account experts in the field will be on hand |
| come on board as an ally and a viable member of | | | | to help you interpret and understand financial |
| your team. | | | | statements. |
| The benefits of cultivating a close relationship in the | | | | 10) If you need small business accounting, you will have |
| financial realm are many and varied, depending upon | | | | access to many and varied services, including cash |
| your needs. But there are some excellent reasons you | | | | flow management,reconciliation of bank statements, |
| should consider a closer connection to an accounting | | | | routine bookkeeping, creation of customer invoices and |
| service or bookkeeping service that extend beyond | | | | statements and credit card accounts, preparation of |
| providing just the necessary papers, receipts or log | | | | budgets and profit and loss statements and balance |
| books, and expecting a by-the-number response. | | | | sheets - to name just a few. |
| 1) You will have an involved, highly informed certified | | | | 11) Help will be provided to you to record and track |
| accountant partner in the pursuit and achievement of | | | | past events as you plan for the future. Financial |
| your financial goals. | | | | statement analysis is also available including balance |
| 2) Your accountant, as a tax consultant, will work with | | | | sheets, profit and loss statements of equity, cash |
| you in making decisions on which expenses are tax | | | | inflow/outflow reports, financial ratio analysis and |
| deductible and how to keep your personal and | | | | financial statement analysis. |
| business expenses separate for tax purposes. | | | | The list of benefits from building a relationship with an |
| 3) You'll receive personal and business tax planning | | | | accountant goes on and on. Suffice to say, |
| and advice to help you clarify which taxes need to be | | | | accountants who become the most valuable assets in |
| paid and when. You will also be able to take full | | | | financial planning efforts also focus on their clients' |
| advantage of tax incentives. And tax accountants can | | | | personal needs and goals. The client's personal or |
| be the small business owner's best friends since they | | | | professional success also becomes the accountant's |
| are familiar with local laws and regulations. | | | | win too, and the result is a symbiotic relationship with |
| 4) Estate planning advisors will be available to you. | | | | considerable mutual gain. So, it literally pays to consider |
| 5) Your personal financial management issues can be | | | | establishing and building long-term connections with an |
| greatly simplified by using a professional accountant to | | | | accountant, and making him or her stand out in your life |
| sort through stocks and bonds, and property | | | | as a V.I.P. |
| investments to help you with capital gains issues. | | | | |