Advantages of Hiring an Accountant in Tampa

If you are running a small business, chances are that your financial statements for every month are not very huge that you need to hire an accountant. Hiring an accountant would mean, you have to pay him/her as an employee and also provide all employee benefits. This could be expensive. In such cases, you could opt to go to an accounting consultant, who could do the job for you.

When should you hire an accountant?

You would want to hire an accountant when it the tax time of the year- around March when you need to file your taxes with the IRS.

Another occasion would be to assist you with audit related services.

If you are running a business which has peak returns during some season, it would be best to hire an accountant during that time, so that the consultant would take care of all your account and audit statements. You could concentrate on running and flourishing your business.

Advantages of hiring an accountant:

When you have just started your business, you might be able to handle all the accounts yourself. But when your cash flow increases and the complexities too are steep, you can see that hiring an accountant would reduce the burden on your shoulders.

Hiring an accountant provides you with a host of advantages:

• Reduces your time in computing your cash flows

• Reduces future accounting complexities

• An accountant can provide more money saving tax advices

• Provides help  in auditing

What to look for?

While hiring an accountant, there are some factors that you should keep in mind so that you get the best services for the money that you are paying.

a. Personality: Make sure that the accountant you are hiring is having a pleasing personality. An accountant should have a great eye for minute details. Accuracy is another key factor that the accountant should keep in mind. Make sure that the accountant you are hiring has these qualities so that dealing with the accountant is not a big task for you.

b. Credibility: This is another key factor. You are entrusting the entire business details to this person. Make sure that the accountant is certified. Do thorough background verification before you zero down on hiring.

c. Fees: Some consultants and agencies charge exuberantly for the services being offered. Make a detailed analysis of all the consultants in your region. For example, if you are from the Tampa region in Florida, make sure that you make a report of the services that all local consultants offer. Compare the prices before finalizing on the deal.

Services: Check on the services that are offered. You would need your accountant to help you with your day to day transactions. You would also want him/her to maintain your cash flow statement on a monthly basis. The accountant should also help you during the tax season and assist you during the audit. Make sure that you thoroughly discuss on the services that are provided.

SK Financial CPA, an accounting and business consulting firm with offices in Tampa and Wesley Chapel, FL offers accountant, bookkeeping, tax preparation and payroll services to help small and mid-sized businesses with their accounts.