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Signs that indicate you need an accountant.

5 SIGNS THAT INDICATE YOU NEED AN ACCOUNTANT DON'T Taxes can be confusing, especially if you're UNDERSTAND filing your first business tax return. Make a BUSINESS TAXES mistake, and you could wind up with IRS penalties. Not to mention, you could miss out on opportunities to lower your tax bill through tax deductions and credits. TURNOVER HAS INCREASED BUT More money coming in must mean more PROFITS profit right? Not necessarily! This is a HA VEN'T. good time to have an accountant review your books and identify areas where your expenses can be improved to make a significant difference to the bottom line. ΤΑΚING οUT A BUSINESS LOAN An accountant can help you determine if taking out a loan aligns with your business plans. If so, they can recommend the best loan structure, size, and payment structure while preparing the necessary financial statements. NEED HELP WITH When you're a business owner with FORMS employees, there are a number of forms you need to file with federal, state, or local tax agencies in addition to your business tax return. You must file tax forms (e.g., Form 941) showing how much you paid employees and withheld in taxes. HAVE PR O BLEMS WITH PA YROLL EACH ΜΟNΤΗ If your business has any employees (other than you), you need a reliable and consistent payroll system to make sure you're taking care of your staff. However, payroll can be difficult to manage, especially for busy or inexperienced business owners.

Signs that indicate you need an accountant.

shared by risiancac321 on Jan 21
we have created a info-graphic that will help you to understand when you need a accountant for your business.


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