Monthly Archives: October 2014

Accounting Salaries Expected to Rise Next Year, Why Now is the Right Time to Hire a Small Business Accountant

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accountant salaries are on the rise find an accountant for small business todayWith average starting salaries for accounting and finance professionals across the U.S. predicted to rise by 3.5 percent next year, now may be the time to hire accountants for small business. According to the staffing company Robert Half, all types of accounting professionals, including staff accountants, business systems analysts and senior financial analysts, are in strong demand with the regulatory environment driving hiring for risk, compliance and internal audit professionals.

In a market where skilled candidates like these know they’re in demand, it’s essential for businesses to benchmark salaries to remain competitive. Smart organizations realize the importance of accountants for small business.

If you’re worried about the cost, it’s important to consider that hiring an accountant typically pays for itself over the long run. As a highly qualified professional can help you figure out the best way to use your assets to get the most beneficial financial advantage. An accountant can also help ensure the financial health of your organization, offering invaluable advice on what information is key for any business to be aware of.

While small business owners are typically experts in their own industry, rarely are they accounting or tax experts. Accountants for small business can provide essential information on how to save and manage money to give your business the best chance for success.

Professional accountants are also kept up to date, and have important tax law knowledge for small businesses. They can help to ensure you’re in compliance, warding off tax troubles in the future in addition to being knowledgeable about various tax breaks that can be taken, so that you can take advantage of everything available to you.

Accountants for small businesses often act as important advisors and can perform business reviews that may be essential for key financial reports that your company relies on to make other important business decisions. They can also assist with appraising the viability of future projects by providing gain and loss forecasts, as well as being instrumental in preparing business proposals and plans that can help grow your business.

More than 10 million business owners have turned to GoodAccountants.com to help them find the right accountant for their organization. No matter what the size of your company, you can be matched with the top accountants that are right for you.

New Financial Reporting Framework Released for Private Companies, Do You Have an Accountant Who Can Help?

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aicpa-logoThe American Institute of CPAs recently released a new financial reporting framework for private companies. Some feel that in certain circumstances it may be an easy to use, useful tool that can provide owners and lenders financial statements on a consistent basis.

The accounting rules used to put together the framework are comprehensive and were developed after a rigorous process, although they are not U.S. GAAP (Generally Accepted Accounting Principles). GAAP is the nation’s highest standard of accounting rules, generally set by the Financial Accounting Standards Board.

Whether or not smaller private companies and banks will accept the Framework is currently being put to the test. There remains a great deal of uncertainty as well as a great deal of interest. The main problem that the Framework tries to resolve, is that small and closely held companies often don’t need the types of standards that large and public companies need. Smaller, more entrepreneurial organizations mainly deal with bankers, not outside investors and bondholders, for their financial needs. Many of those companies believe that GAAP is overly complex and too difficult and expensive to implement.

Accountants for small business can help eliminate the stress and time it takes for the entrepreneur to handle the complexity of what’s involved in the financial aspect of the business, so you don’t have to worry about the Framework or the GAAP. While there may be a great temptation to assume if you’re the business owner, you can handle all of the accounting functions yourself, the truth is, hiring accountants for small business is an investment that can actually save money, and over time, pay for itself.

If you’re a busy entrepreneur trying to grow your business, do you really want to spend time trying to get familiar with the complex GAAP, or the new Framework for reporting?

Accountants for small business can help manage day-to-day financial transactions to ensure everything is compliant with current laws, find cost savings with vendors, employees and office operations, prepare those financial reports as well as tax preparation, and even make plans for changes in business expenses to ensure additional costs don’t cause financial hardship.

If you aren’t sure where to start, GoodAccountants.com can help find top qualified accountants in your area in just seconds, with no cost or obligation to you or your business.

David Huber Awarded Best CFO: Don’t Underestimate the Value of a Great CFO Service

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CFO of the year David Huber - find a CFO service todayThe NJBIZ CFO of the Year awards program celebrates New Jersey’s financial executives at all levels who contribute to the success of the state’s economic growth and stability. David Huber, CFO of Horizon Blue Cross Blue Shield of New Jersey, was honored as the best CFO for a private company generating revenue of over $50 million.

Huber noted the importance of the CFO role in today’s business world. Where it was once largely a record-keeping rule, he said, “Today the CFO is expected to be a business partner to the CEO and senior management team. The CFO must be able to understand the business from the frame of reference of constituents, including customers, employees, board members, rating agencies, regulators, etc. I spend most of my time looking forward.”

The value of a good CFO cannot be underestimated, in fact, some say the CFO may be even more important than a CEO. A CFO needs a wide variety of skills and experiences in the ever-changing market structure of today’s world. The person in this essential role is often called upon to weigh in on strategic decisions involving the organization, including everything from transactions to providing assessments of emerging markets and analyses that go way beyond looking at the books and figuring out whether or not there is enough cash available to support an investment.

With a business’ success or failure often hinging on the talents of the CFO, it’s essential to find just the right person to fill that role. You’ll want to find a CFO service that can locate the top talent available to perform tasks that are vital to the company.

You may want to find a CFO service that is able to provide an Outsourced CFO to help manage your financial operations as an excellent cost savings solution. An increasing number of small to midsize business owners have discovered that they can afford a seasoned CFO by utilizing CFO services, relieving the big burden of managing the company’s financing, while allowing them to focus on what they do best.

If this sounds like good business sense to you, to find a CFO service that can provide your company with the best talent available while eliminating the need to pay the high costs associated with hiring an employee like payroll taxes and health benefits, look to GoodAccountants.com who can deliver the most qualified CFO candidates to choose from at no cost or obligation.