What Kind of Accountant Does Your Growing Business Need?

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What Kind of Accountant Does Your Growing
Business Need?
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• When your small business is beginning to grow,
  having an accountant on board to assist with the
  expansion is critical, but this is not the only
  time when more stringent accounting measures and
  professional guidance, can be helpful.
  Unfortunately, many small businesses fail to see
  the worth of hiring an accountant, or outsourcing
  their accounting requirements, before their
  business starts to expand.
• If this sounds like you, and your business is
  starting to grow, you may be in need of a more
  robust accounting system, but should you try to
  do it yourself, hire an independent accountant,
  use an online service or outsource to an
  accounting provider?

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• To help you decide, here is a little guidance
• Tackling your own accounting
• In the absence of accounting knowledge, handling
  your own bookkeeping can be time consuming and
  lead to costly errors. While some business owners
  dont feel comfortable giving an outside party
  access to their financial information, this is
  often the only way to ensure that you get all the
  right tax deductions, and stay on the right side
  of the IRS. You may need to sit down and have a
  long, hard think about your priorities, and
  whether your decision to handle your own
  accounting, could jeopardize the future of your
  business.

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• Outsourcing your accounting requirements
• Often a more cost effective choice for smaller
  businesses, using the services of an outsourced
  accounting firm can help you decide on the right
  legal structure for your business, advise you on
  how to manage your money as your business begins
  to grow, and help you establish reporting tools
  to measure KPIs and better manage your business.
• Because you only pay for the work you ask them to
  compete or assist you with, outsourcing can prove
  far more cost effective than hiring a full time
  accountant.

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• Hiring an independent bookkeeper
• This can be a good decision, depending upon your
  needs, but be sure to hire someone who is also a
  Certified Public Accountant (CPA), so that you
  can be sure their knowledge is up-to-date. Its
  important to remember that most independent
  bookkeepers specialize in a certain industry or
  type of accounting, so where possible, try to
  find one with specialist knowledge in your field.

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• Using an online bookkeeping service
• The majority of accounting and bookkeeping tasks
  can be done virtually nowadays, and online
  bookkeeping services have experienced something
  of a boom in recent years. Using a suite of
  cloud-based tools such as QuickBooks Online,
  Xero, and Expensify, you can outsource your most
  time-consuming tasks while feeling confident that
  your books are being handled professionally.
  However, this is no substitute for the up-to-date
  advice and guidance that a qualified accountant
  can give you.

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• An accountant can help to ensure that your
  business continues to function smoothly as it
  expands, and seeking professional help is always
  recommended for those who wish their business to
  become a success, and grow exponentially.
• At Heyer Inc, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax services Miami. If you
  are looking for individual accountant in Miami,
  heyer inc would be a right option.