Why Should I Hire an Accountant for My New Business?

Why Should I Hire an Accountant for My New Business?

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Why Should I Hire an Accountant for My New Business?

Starting a new business? If so, having an accountant from the beginning is in your favor. Why you may ask? Well for starters, studies have shown that inadequate financial control is the second leading factor in a business’s failing. An accountant will be able to help you avoid that because they will be keeping an eye on your finances from the beginning. Now, let’s take a deeper look as to why an accountant is a benefit.

Taxes
Taxes are something every business must deal with and with taxes comes tax codes. Tax codes aren’t the easiest to crack. Well, by having an accountant on board, they will ensure your taxes are completely and properly handled while you focus on other aspects of your business.

Time
When you’re starting out, chances are you will be the only employee. Well, with that comes the fact that you will be playing many roles in your business and risking spreading yourself too thin. Trying to keep up with your finances doesn’t have to be one of your many roles with the help of an accountant. In addition, an experienced accountant has likely helped others in your situation before and has learned the processes a new business has to go through. This means that your accountant will be able to help you with regulations and provide some insight.

Growth
Having an accountant will actually make growth in your business easier. They will be able to make recommendations on when is the best time for growth and how much to grow without letting your business get too big to handle at the same time. This can be very dangerous for new businesses as sudden or large growth with nothing to keep control of the situation can lead to large spending that could be hard to pay if business suddenly slows. An accountant can help avoid these kinds of dangers.

With these factors in mind, take some time to think about how an accountant can help you and your business and whether you want to get one if you don’t already work with an accountant. A Mazzo Accounting can help you with these and more, just contact us!

 

A Mazzo Accounting provides a variety of tax and accounting services to individuals and businesses in the Wyomissing, Reading, West Reading, Sinking Spring and Kenhorst areas, as well as towns and villages around the Greater Reading area. Our services for small to mid-size businesses include taxes, payroll services, accounting services, and bookkeeping services. We also provide a variety of services for individuals and they include tax return preparation as well as some accounting assistance.