When Should You Hire a CPA?

When Should You Hire a CPA ? # 2 When Filing Taxes or Being Audited # 1 When Your Business is Starting Off Accountants can assist a small business at different stages of growth . To get your business off to a good financial start you need to consult a CPA . Your accounting and tax reporting responsibilities will be determined by how you register and run your business for the rest of your career . CPAS handle both personal and business taxes , and they are skilled at navigating tax season , reducing your responsibilities , and protecting your company in the event of an error or tax audit . Also , it is best to hire an accountant before an audit happens , especially if you can find one who would provide audit insurance . THE # 4 When You Require Assistance with Financial Planning and Analysis This is especially true if you work with a CPA who has experience in your field or industry . You can involve them in any financial decision or goal , such as buying property , merging with a rival business , or cutting operating expenses . R US # 3 When You Apply for a Loan , Grant , or Other Funding They will assist you in evaluating various strategies for establishing business credit and directing you to low risk options . Even better , a CPA can help you in narrowing the field of loan options to those that are best suited to your budget such as choosing between a microloan or a standard term loan . TAXES BOOKKEEPERS 78 LEARN MORE ! # 5 When You Need to Save Time If daily duties like tracking expenses , verifying transactions , data entry or processing receipts are taking up your time , a bookkeeper could be the right fit for the job . However , if you require a front - line professional to analyze your company's operations , trends , costs , and revenue on a regular basis , it may be time to hire a CPA . PLAN V 1 ( 323 ) 412-7023 1 ( 323 ) 248-8807 1 ( 888 ) 320-3688 1 ( 323 ) 268-8514 thebookkeepersrus.com CONTACT US ! Direct Line Office International Fax