How an Accountant in New York Can Grow Your Business

an accountant in new york can help your business grow from far away. A good number of entrepreneurs start out handling every aspect of the business, including finances. It doesn’t take long before realizing that the majority of their time is spent handling the books, processing payroll and trying to figure out complicated tax regulations- time that should be spent networking and growing the business.

How can an accountant in New York help grow your business? If the organization is still in the initial start-up phase, an accountant can help you by providing invaluable financial advice for your corporate setup as well as assist with short-term financial strategies and setting up taxation, registration as well as filing corporate tax returns. Many are also able to recommend and set up appropriate accounting software including implantation and the training of staff, if needed.

If you’ve moved past the initial early stages, there are several other ways that an accountant in New York can help contribute to the success and ultimate growth of your business.

Giving you more time

Hiring an accountant will allow you to focus on what you do best. Time is priceless, and knowing you have an expert with in-depth knowledge of accounting and your specific industry will take a major stress off of your shoulders and provide you with the time you need to network and grow the business.

Cost savings

Even if time is not an issue, it can be quite a challenge to keep up with the ever-changing tax laws and business regulations. If they aren’t filled out correctly, and on time, you could face heavy fines. An accountant in New York who has the necessary experience and expertise will make sure that you take advantage of every legal way to minimize your tax bill as well as filling out everything correctly so that you don’t have to deal with stressful and costly issues in the future.

Identifying issues that could bring the business down

An accountant can be an excellent source of general business advice and financially planning for the future. In addition, a trustworthy professional will be able to identify issues, allowing you to resolve them quickly and remove challenges that could be in the way of the growth of your organization.

GoodAccountants.com can help you find an accountant in New York that is the best fit for your business at no cost or obligation, making it even easier to find the professional you need quickly.

How to Find a Business Accountant

If you’re looking for a good business accountant, you’ve probably come to realized how crucial the decision can be for the financial health and success of your organization. Without one, businesses often fail due to a lack of financial planning, improper accounting practices and a number of other issues.

Hiring the right accountant for your particular industry requires some time and effort, but it is much better to find a professional that you can count on and build a long term relationship with than to choose just any business accountant out of the yellow pages and hope for the best.

Expertise

It’s important to find a business accountant that not only has the proper education and certifications, but the right person for the job should also have expertise in your industry, or at least one that is similar. Accounting firms sometime partner with networks of other firms who are able to locate specialists who are able to resolve issues specific to your business when necessary.

GoodAccountants.com employs the services of more than fifty, full-time professional business consultants who are experts at aiding business owners in pinpointing the best accounting professional for not only specific industries but a wide variety of situations from the most basic to the most challenging. This is a free service that can go a long way in the ability to secure a business accountant who can be trusted to be there for you over the long term.

Qualifications

Before seeking out the right accountant, you need to make a decision as to which services your business may need in order to determine the qualifications to seek. If you aren’t sure, the experts at GoodAccountants.com can assist you in analyzing your needs depending on your current and future goals.

Whether you just need a firm to help prepare a tax return and compile end-of-year financial statements or you need a CPA who can attest to the validity of financial statements or handle day-to-day bookkeeping, finding the right professional whose accomplishments and affiliations are the closest match to a business owner’s needs can be done quickly and easily with the help of knowledgeable specialists.

References

Thorough reference checking of both current and past clients is imperative in finding the right business accountant. Taking the time to locate, interview and verify references of every business accountant who has the potential to assist you can be nearly a full time job. Fortunately, with the free services of  GoodAccountants.com the majority of this hard work is done for you, allowing you to take care of other important responsibilities.

The Best Way to Find a CFO Service

find a cfo service from goodaccountants.com that is right for you If you’re getting ready to find a CFO Service for your organization you probably realize that utilizing these services can be an important strategy for any successful business. Paying for the types of invaluable services they can as well a making sure that everything is handled correctly can save the organization money over the long term.

But how do you find a CFO Service that you can trust to handle such important and often delicate information? This is not a decision that should be rushed – here are the crucial steps that should be taken before hiring a CFO Service.

Ask for referrals

A referral from a trusted person within a similar organization can be one of the best ways to find a CFO Service that you can create a long term relationship with. The firm should be able to bring industry best practices into your business.

Meeting your specific needs

What are the critical roles that you would like played by a CFO Service? Do you need a service that can perform staff evaluations as well as training and mentoring? Some of the areas of expertise that should be required include:

  • Reviewing accounting and finance procedures
  • Reviewing accounting books and records as well as financial reports
  • Developing and installing accounting policies and procedures
  • Development financial reporting methods or reviewing those currently in place

Come up with a list of your organization’s specific needs before seeking out the right CFO Service for the business.

How to narrow the options

Once you have determined your needs and have a list of potential candidates, you’ll need to narrow your choices by scheduling in-depth meetings to compare qualifications and services offered. One of the most important questions to ask is what makes their service better than the rest? What can they do for you that others cannot? Of course, you’ll also want to find out the fees that will be charged and how those fees will be calculated.

After these meetings you will probably have thinned your list down quite a bit and will need to perform thorough reference checks of those who remain to find out how they’ve performed in the past for both current and former clients.

While all of this may sound overwhelming, the good news is that GoodAccountants.com is often the ideal solution to find a CFO Service that is the most qualified to meet your needs at no cost or obligation – taking this time consuming task out of your hands and into ours.

How to Find a Bookkeeper Who is Right for your Business

find a bookkeeper with goodaccountants.comWhile some entrepreneurs attempt to handle the books themselves when embarking on a new business venture, it usually doesn’t take long before realizing how much time and effort it takes – time that could be better spent on growing the business.

It is crucial to the success of any business to find a bookkeeper who has the necessary expertise and in-depth knowledge of not only bookkeeping, but your particular industry or one that is similar. Financial data that is mismanaged has the potential to put an organization out of business and cause a nightmare for its owner.

Once you are aware of the importance of hiring a professional who can be trusted to handle the financial side of your business, how do you find a bookkeeper who has the potential to contribute to the success of your organization?

Trustworthy

The right bookkeeper must be someone that can be completed trusted as they’ll not only be handling money but will likely have access to privileged, delicate information that must be kept confidential. Thoroughly checking references of past employers or clients, and even performing a background check can go a long way in assuring the bookkeeper you hire is a honest, trustworthy candidate.

Communication skills

Some bookkeepers may be better at crunching numbers than communicating; however, the best bookkeepers will not only be a whiz with the books but they should also have outstanding communication skills. If a problem arises they need to be able to discuss it with you – or with others in the organization in order to resolve it.  As you’ll probably be working closely with this person you also need to be able to relate to them and feel comfortable having a variety of conversations.

Experience and education

The best bookkeeper may not have a degree in accounting, but some formal coursework or certification does show professionalism as well as expertise. More important is their past experience on the job. Having an in-depth conversation with at least two former employers about their past performance will give you a good glimpse as to how the bookkeeper might handle future responsibilities.

By contacting GoodAccountants.com, you can be assured that all bases will be covered with expert specialists who can assist you to find a bookkeeper who is the most qualified and the best fit for your organization, and at absolutely no cost.

Five Ways Accounting Firms Can Help Your Small Business

accounting firms such as goodaccountants.com can help your small business Many business owners start out handling every aspect of their company, including its finances. While it may be manageable at the start, accounting firms can provide services that will allow you to set your business up for a successful future. Here is a look at just five of the ways that using accounting firms can help you get your business off on the right foot.

Business setup

Just a few of the services provided can include financial advice for your corporate setup, with long and short term financial strategies. Most firms can help you to set up appropriate accounting software as well as the implementation and training.

An accountant can help a small business owner to determine the type of appropriate business structure and assist with setting up taxation, registration and filing corporate tax returns as well.

General bookkeeping services

If you don’t plan to have a full-charge bookkeeper on staff, handling the books is probably not something you want to spend your time doing when you should be out networking and growing your business. This is another service that can be provided including the management of payables and receivables, maintaining the business’ financial records and taking care of financial reports for banks and investors.

Payroll

Payroll is a very time consuming task that can be handled by the use of accounting firms. They can take care of payroll management as well as payroll preparation and payroll tax reporting in addition to setting up a direct deposit system.

Tax planning

Business taxes are another complicated but necessary aspect of a business. An especially valuable service that can be provided is the help with standard tax reporting in addition to general planning advice that can help a business owner to maximize business tax deductions that will save you money over time – often much more than the expense of the service itself.

Networking

One of the keys to growing a successful business is by connecting with others throughout your local community. By employing the services of accounting firms such as the accountants and firms provided by GoodAccountants.com, you’ll find that you are set up with a highly qualified, experienced accountant who is a pillar of the local community. Professionals who’ve lived in an area for several years or more can often be an invaluable source of business and financing contacts as well as a wide variety of other local connections.

The Importance of Accounting Services for Your Business

accounting services can make or break your business.  Accounting services are a necessity for the survival of a business and can even save you a ton of money by increasing business efficiency and allowing you to make better financial decisions by providing valuable information such as the assessment of business solvency and productivity.

Accounting is truly the heart of the organization – if the company’s funds aren’t managed properly, it will eventually lead to the failure of the business. While many small business owners believe they can manage their company’s finances on their own, they often realize too late that there aren’t enough hours in the day to handle every aspect of accounting while trying to grow the business.

Your time

Never forget the old cliché, “time equals money,” as this especially true when it comes to running a successful business. If you aren’t spending the majority of your time managing the company’s finances, you’ll be able to spend it much more productively by networking and winning new clients, maintaining relationships with existing clients, managing and motivating your employees and other tasks that are crucial to the growth of your business.

Hiring an accounting services firm will allow you to use your time wisely, saving money over the long run.

Taxes and government regulation

Handling taxes and trying to adhere to complex government regulations are a huge headache, even when you don’t have a business to run. By using accounting services, you’ll save money on taxes and avoid the stress that comes with it.

Whether you have a small or a large business, there are often complicated tax issues involved and trained accounting experts are required to keep up with the tax laws that are constantly changing. Can you imagine the time it would take to keep updated on all of this in addition to trying to figure out where to spend, where to cut back and everything else?

Paying your employees

Payroll is a very time consuming task, and if you’ve got employees to pay, this is another aspect of your business that accounting services can take care of. Handling payroll on site typically costs more than outsourcing – it’s also more secure when handled by an outside source with fewer in-house employees having access to this highly sensitive information.

Utilizing professional services

By utilizing the free services of GoodAccountants.com, you can be assured that qualified and experienced accounting experts will take care of every financial aspect of your company from payroll to taxes and more, leaving you with fewer worries and more time to concentrate on taking your business to the pinnacle of success.

How to Make Sure Your Company’s Finances are in the Hands of the Best Accountants

goodaccountants.com can help you find the best accountants in the businessIf you want to set your business up for a successful future, ensuring that the financial aspects are handled by the best accountants is imperative. Your accountants serve as valued advisors and receiving the wrong advice by a poorly qualified accountant or trying to handle the business finances on your own can lead to financial disaster.

The best accountants will make sure your company is in compliance with complex government legislation, including taxes, offer valuable tax planning and reporting services, maintain the business’ financial records, generate financial documents, and much more.

With so many accountants out there to choose from, how do you know that your firm’s finances will be handled by the best?

Ask questions

There is no such thing as a bad question, and that certainly applies to finding the best accountants. Ask lots of questions to potential candidates including:

  • Why should I use you?
  • Do you have industry experience?
  • Who are some of your other clients? Can I call them for a reference?
  • What type of advice do you typically offer?
  • What are your credentials?
  • What is the scope of services offered?
  • How can you save or make my business money?
  • When are you available? (Days, hours, or even season as some tax preparers are only available during the first four months of the year)

Come up with your own list of questions based on the needs of your business, the more the better. You’ll also want to be sure the accountant is a good fit personally in addition to professionally with a high level of access to privileged information.

The accountant should also ask you lots of questions about your business to determine if he or she is a good fit. If the accountant seems uninterested, look elsewhere.

References

Once you believe the accountant has the potential as the right one for your business, ask for references from a variety of clients, and if possible include one who owns a business that is similar to yours. Call each and ask them to convince you that he or she is one of the best accountants for the job.

Using a referral service

One of the easiest and most effective ways to find the right accountant is to contact GoodAccountants.com. With a nationwide registry that includes thousands of the most qualified – and the best accountants in the business, their expert business consultants can assist you in finding the one that is perfect for your business or personal needs at absolutely no cost to you

Which Industries Employ the Most Accountants and Auditors – Infographic

Accountants and Auditors

Ever wonder which industry contains the most accountants? Accounting is a lucrative job, and large companies who hire accountants and auditors can avoid financial mistakes before they happen.

We’ve created an infographic that details the industries that employ the most accountants and auditors, and the results are very interesting! Check it out:

Which industries employ the most accountants and auditors- Infographic

Benefits of Hiring an Accountant for Internal Audits

find out about the benefits of hiring an accountant for your internal audit An accountant who handles internal audits for a company is able to review the firm’s financial management practices as well as check for fraud, waste and imperfect practices. They are able to examine internal financial documents and can serve to increase accuracy of financial data that will help the business avoid potential legal or financial issues.

An internal auditor can offer huge benefits to the company; often saving the company more money over time than it costs to employ their services. Just a few of the benefits of hiring an accountant for internal audits include the following.

The protection of company assets

Employee theft is extremely common and costs companies billions of dollars every year. Preventing this financial drain on your profits requires a strict system of internal controls, including hiring an experienced internal auditor. A skilled auditor can put this type of system into place and also monitor it to prevent theft by ensuring that there are no opportunities that might tempt an employee to steal from the company. The internal auditor will also perform random checks that assure that the controls put into place are effective.

Increase the value of the company by improving performance

Another benefit of internal audits is the critical analysis provided of company efficiency. This is another way that employing an accountant for this service can actually save your business money over time. The audit can determine whether or not your products and services are marketed at competitive rates and will also meet your short and long term financial goals in addition to ensuring that vendor contracts are providing the best value and services for the dollar?

Accurate financial statements

A CPA audited financial statement offers a big value by putting your investors at ease of the accuracy of information, giving them confidence that your books are accurate. Lenders will also view your company as more reputable, leading to lower interest rates when borrowing.

When a qualified accountant performs these audits, your financial statements, including various accounting documents such as accounts payable and expense reports, will be examined to be sure your business is following generally accepted accounting principles. The internal auditor will also provide a qualified opinion on these statements which will help you make informed decisions in relation to the finances of the business which can lead to greater success, and increased profits.

GoodAccountants.com is able to provide qualified and experienced accountants for internal audits for a wide variety of companies from non-profit organizations and multi-national corporations to colleges, universities, hospitals and more.

How to Find an Auditing Firm That’s Right for You

how to find an auditing firm The U.S. is home to over a million auditors and accountants; how do you begin weeding through them all to determine which auditing firm is right for you and your business? While it can seem like a rather challenging task, by following these steps you’ll increase the odds of being able to find an auditing firm and create a long lasting, successful relationship.

What are your needs?

Before starting your search, pinpoint the needs of your business so that you can first eliminate the firms you don’t want to work with. Do you need an auditing firm that provides specific types of services or can provide a comprehensive package? Do you have a particular budget that you need to work within? Is it important that the firm have industry experience? Consider your must have criteria as well as more flexible criteria to avoid eliminating a potentially highly qualified firm.

Once you have a clear list of wishes and needs, you can begin the diligent selection process.

Professional organization recommendations

If you want to find an auditing firm that will do the best job for your business, you don’t want to peruse the yellow pages. Auditing firms that advertising in your telephone book are probably either just starting out or may be having difficulty finding clients on their own due to a questionable reputation.

Instead, contact professional organizations like the American Institute of Public Accountants or the American Accounting Associations for a list of recommended auditing firms. Once you have a list, you can review their websites or call to find out the services they offer as well as typical fees.

Screening potential firms

Screening the firms you are interested in by thoroughly checking references from current and/or past customers is a must to find an auditing firm that has the potential for a long lasting relationship that will contribute to the success of your business.

Be sure to verify education and training levels as well as all of the certifications of each audit firm. Verify that all members of the firm have graduated from accredited four-year institutions and that the CPA exam has been passed.

Referral service

Using a referral service like GoodAccoutants.com may be your best bet as well as being the most cost-effective option to find an auditing firm that’s right for you as quickly as possible, and without the hassle and headaches.  With the ability to provide multiple quotes from a variety of audit firms with your privacy completely protected, GoodAccoutants.com can do all of this leg work for you – allowing you to do what you do best for your company.