Running a business is more then just doing something you love, it’s also making sure the accounts are balanced and the customers are happy. While there are plenty of programs out there to help, let’s face it: keeping up the accounts can be difficult. It’s easy to let things get away from you when you’re running your own business. Between the uncertain first few years and the stress of keeping the inventory properly stocked, the accounts can become incredibly confusing. Though it’s important to understand how the books in your business work, it’s even more important to get them looked over by a professional Accountant.
Having Holdsworth CPA on call is more important in those first few years to help you navigate the ledger and the accounting programs. Even when you get more comfortable within your own business and the responsibilities that you’ll have, you still need to consult an accountant at the end of each year to make sure that your tax information is correct. It’s much harder to file taxes when you own your own business than it is when you are reporting earnings from a job.
There is a difference between a Public Accountant and a certified public accountant. While a public accountant can help you with book keeping and auditing, you’ll need a certified public accountant for more serious tax issues and any concerns you may have about an employee taking from the company. The public Accountant tends to be lent out to a business while actually working for an accounting firm. Public accountants can help to prepare and analyze financial reports, profit and loss statements, cost studies, balance sheets, and tax reports. Additionally, they can help to install, develop, and watch over accounting programs, systems, and operations. Through these programs, they are able to take the data obtained and crate specialized reports for the business they work for. Finding the right public accountant for your business involves knowing what you need out of an accountant.
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