While the needs of small businesses are sometimes different from larger corporations, there is one area where everyone needs professional support. That area is with accounting functions. If you don’t already have one, you need an accountant Prescott. Here are some of the ways that a CPA will benefit your small business.
Keep Everything in Line With GAAP
Your area of expertise has to do with operating your business and expanding your client base. It’s not likely you are up to speed on all areas of generally accepted accounting principles (GAAP). On the flip side, though, you can bet that the accountant Prescott knows GAAP, backward and forward. That expertise will go a long way toward ensuring your accounting records are always in top condition.
Making Sure Your Taxes are in Order
Taxes are a reality for any type of business operation. Along with making sure the reports are filled out properly, your tax accountant gets those statements and payments to the right agencies on time. This helps you avoid late fees and penalties so you can allocate more money to other business purposes. The accountant will also come in handy when it’s time to prepare and remit your annual tax return.
Always Knowing Where Your Company Stands Financially
One of the perks of having an accountant Prescott is that you can always get an up to date assessment of where the company stands financially. That’s especially important if you are trying to keep cash assets above a certain amount or are wondering how to finance some sort of publicity campaign. Even if the focus is on lowering company debt, being able to quickly check how that’s coming along is helpful.
Would you like to know more about how a small business accountant can help you? Our team at Holdsworth Chadd Fuller CPAs can help. Call us today and let’s talk about what our Prescott CPA support can do for your operation. With our help, you can rest assured your financial records are always in perfect condition.
