With this year’s tax season over, the last thing you probably want to do is think about next year’s taxes, but planning now is essential for avoiding headaches and getting better control over your business’ financial future.
The sooner you start preparing, the better off you’ll be. As a business owner it’s crucial to understand how taxes affect your business throughout the year. Find an accountant now who can help you to do just that while freeing up your time to concentrate on your main responsibilities.
Why should you find an accountant before January 1st rolls around?
While many small business owners may hesitate at adding another expense, consider that no matter how much the accountant charges you, the odds are you’ll save more than that cost. The savings could add up to thousands of dollars when it comes to tax time.
A good accountant with the right expertise will make sure you get all of the deductions and credits available to you. Working with taxes and the IRS is their full time job, so they know the ins and outs of the tax code far better than the average business owner.
The accountant can also help you to set up your business to file taxes as an S-Corporation which will help you to avoid many of those high federal self-employment taxes required as a sole proprietor.
One of the biggest challenges of any small business owner is time management. It seems there is never enough time in the day to get everything done. If you have to handle your own taxes, that’s a large chunk of time you could be spending on doing what you do best – making money for your company.
Find an accountant and you could save thousands of dollars in time, as we all know time is money.
Most importantly, hiring an accountant like the experts you’ll find at GoodAccountants.com will give you the peace of mind knowing that a professional is handling your taxes correctly. When it comes to taxes and small business, it can be extremely complicated. If not done right, it could lead to financial disaster.
Find an accountant now and take one less worry off that list.