Monthly Archives: December 2012

How an Accountant in New York Can Grow Your Business

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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

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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

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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

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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

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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.