4 Signs Telling You That Your Small Business Needs An Accountant

October 30, 2020

Even a seemingly obscure accounting error can affect your small business. If you have considered hiring an accounting service in Los Angeles in the past but haven’t gotten to it just yet, now might be the optimal time. Review signs telling you to schedule a consultation now. 

You Could Use Business Structure & Plan Advice

Perhaps you need help putting your fantastic business idea into practice. Maybe its current structure isn’t where you want it and you need to reorganize a few things with help from a certified public accountant (CPA). No matter what your business plan and structure needs are, an experienced accountant will identify what needs changing and what’s working to help you make informed decisions for the future. 

You Don’t Have Time For Other Things

If accounting, bookkeeping, and tax preparations seem to be taking over your life, hiring an accountant provides the perfect solution. You have other things to deal with as a business owner, such as ordering inventory, setting up store displays, hiring new team members, and fine-tuning a marketing plan. Rather than spending time toiling over “the books,” take those hours back by working with an accountant. You’ll likely feel less stressed as a result. 

You Want to Expand Your Business

Growing a business takes serious planning to avoid costly mistakes. If you want to expand your business with as little damage to your funds as possible, your Los Angeles accountants are here to help. They will let you know where you have room in your budget for expansion expenses and what to forget about to save time, money, and effort. 

You’re Getting Audited

If the IRS recently informed you of an upcoming audit, take time to breathe. The word can scare anyone; however, the IRS does perform audits at random, so keep that in mind. Even if there were errors the agency wants to investigate, an accountant will help you prepare so you do not divulge more information than necessary. Instead, the professional will let you know exactly what you need to do. 

Discuss your accounting needs today with the Encino tax consultants at Wallace & Associates.