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

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?

 

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.

How Accountants for Small Business Can Help You Survive IRS Troubles

small business accountants can save you from the irsAfter discovering about $450 billion is likely owed and going uncollected, with under-reporting by small business accounting for about $140 billion of that figure, the IRS has been cracking down on small businesses. Since the fall of 2012, the Internal Revenue Service has reportedly sent out letters to some 20,000 small businesses to notify them of possible income under-reporting.

In this case, they are trying to nab businesses they believe have an unusually high number of reported sales through credit card transactions, with the thinking that they are getting a lot of cash transactions that aren’t being reported. It is likely that the IRS will also come up with other methods to go after small businesses to make up for the billions of missing revenue.

The IRS is not an organization that any business, or individual, wants to have to deal with. But if you should get a similar letter, utilizing accountants for small business can be essential to positively dealing with the situation and coming out on top.

Experienced accountants for small business understand exactly what the IRS is looking for and why. If you receive a letter, or are audited, you need an accountant on your side. An accounting expert specializing in a business like yours can help you respond appropriately or represent you in the audit.

If you’ve been handling all of the financial aspects of your business, you’re probably feeling overwhelmed; keeping all of the records straight and ensuring that you’re following all of the IRS rules and regulations is a full-time job of its own.

While you may be pulling your hair out at this point, there is some good news. Fortunately, GoodAccountants.com can help you to find the best accountants for small businesses to ensure your taxes and any IRS issues are handled correctly.

Finding an expert accountant now can also help you be better prepared in the future. The right individual is much more than just a tax preparer, but can also become a trusted advisor helping you to manage cash flow, keep your books in order and plan for growth. This will allow you to take care of your most urgent responsibilities such as earning money for your company, while leaving the majority of the financial paperwork and IRS dealings in the hands of an experienced, qualified accounting professional.

Why Accountants for Small Business are a Must at Tax Time and Beneficial Year Round

accountants for small business make tax season less stressfulSmall business owners throughout the nation often struggle to keep up with their daily responsibilities while playing the role of accountant at the same time, and at this time of year with tax deadlines looming, many are beginning to panic.

Hiring accountants for small business is an excellent option for handling the demanding task of preparing taxes can also be very beneficial year round with the cost often paying for itself.

Complicated regulations

With the ever-changing tax laws and regulations, many small business owners spend hours studying the tax code without coming close to a real understanding of what’s required. A mistake can cost thousands of dollars in addition to the often missed deductions, credits and incentives that can lower taxes as well.

Navigating the complicated tax code can be an overwhelming challenge even for the most savvy veteran business owners. Good accountants for small business will help you avoid underpaying, decrease the chances of audit and will always be on top of tax law changes, especially those that apply to you and your business.

Organization of records

There are many small business owners who tend to throw their receipts in a box or into a drawer and forget about them until tax time. They tend to have a big mess of records and quite a few don’t even use an accounting system.

Accountants for small business can not only help to get those financial records in order they can recommend accounting software and help put a system into a place, ensuring records are updated so that there are no surprises come tax time.

Preparation and filing of taxes

Hiring an accountant will allow you to receive priceless long-term strategic advice to help you manage your small business finances as well as budgeting and forecasting. Of course, at tax time, having an accountant on hand will minimize headaches, decrease stress and allow the business owner to use their time wisely – often saving more money than the cost of the services.

By utilizing the services of GoodAccountants.com you can be matched with the most knowledgeable accountants in your industry; dedicated to helping the small business owner keep more of their hard earned money where it belongs.