Half of businesses will fail within the first 5 years of operation, but you don’t have to be in the bottom half of that statistic. A CPA is the professional you need to keep your business spending and budget tight, while making the right financial investments for a long lasting future. The American Institute of Certified Personal Accountants has now launched a website to show the more than 28 million business owners in America, how a CPA can help their business.
A CPA can go beyond bookkeeping and payroll, and can do an audit of your business. Small business accountants can determine if employee reports are accurate, if money is missing from accounts, or if you have people stealing from you. They will evaluate expenses and spending to determine your needs and to see what can be cut back. The accountant will work to help you lower the amount of business debt you’ve accumulated or required for startup, while gaining equity in your business assets or commercial property.
The CPA is trained to help you with mergers, risk management, contracts, expansion and more. The business finances will be documented properly and organized, and the CPA can give you tax advice. The CPA can help the business save money for emergencies and so you have a cushion, and they can also help with personal savings goals.
The more profitable the business is, the more money the business owner has for savings, retirement and for other investments. The launch of the website from the AICPA is a great tool that all business owners can take advantage of to gain success. Get your business finances on the right path with a professional from Goodaccountants.com.