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5 Signs Your Small Business Needs An Accountant

As the founder of your own small business, you likely understand the growing pains that come along with establishing a successful company. From ensuring customer satisfaction to keeping track of inventory, maintaining control of your finances and up-to-date bookkeeping can be one of the biggest challenges. Here are five signs you and your business should consider hiring an accountant.

1. YOU FEEL SWAMPED IN MANAGING ACCOUNTS

Even with the help of software programs, you might find yourself feeling swamped with the amount of work it takes to manage your business accounts, especially as your business grows. If you are getting behind on your accounts, or if find yourself spending a substantial amount of time managing your finances, if might be time to outsource these important financial tasks.

2. COMPLYING WITH GOVERNMENT REGULATIONS IS A CHALLENGE

Complying with government regulations and legislative procedures can be challenging. Furthermore, staying up-to-date with changing protocols and knowing how to properly document your finances as your company evolves takes a lot of time and expertise. And though it’s important for business owners and managers to have a general understanding of how these regulations work, hiring a professional who is well versed in these areas can save you time, stress, and legal mishaps.

3. UNDERSTANDING FINANCIAL STATEMENTS CAN BE DIFFICULT

No matter how good you are at running your business, sometimes understanding financial statements can be confusing and difficult. Professional Certified Public Accountants (CPAs) are trained in both financial and legal jargon and can help give you the best possible advice for your situation.

CPAs are also able to understand your financial statements in a way that can help you identify weaknesses in your company’s funds. They can also help identify areas in which your business is thriving.

4. YOU WANT TO ADEQUATELY REPORT YOUR FINANCES

As a business owner, you likely understand the importance of adequately reporting your finances to avoid any legal issues. Since CPAs are versed in legal and financial realms, they can help you keep your finances in check while helping your business produce regular detailed financial reports.

5. YOU WANT TO FILE TAXES PROPERLY

Even if you have your finances under control for a majority of the year, hiring a CPA to help your company file taxes during tax season can be incredibly beneficial. Between sending tax forms to every one of your employees and properly filing your own taxes, having a CPA to keep your information accurate can benefit your company immensely.

At The Jensen Group, our professional CPAs and Business Advisors are standing by to help your small business succeed. Some of our accounting services include:

  • Outsourced Chief Financial Officers, controllers and bookkeeping
  • Preparation of financial statements
  • Payroll services and tax form assistance
  • Quick Books support
  • Cash flow and budgeting
  • Accounting for leases
  • Reviews of internal controls and accounting procedures
  • Presentation of supplementary financial and operating information to management


Call us today to learn more about how CPAs can help improve your small business!