-- Accountants can be more than just number-crunchers and help iron out tax issues for small business owners, head accountant at Laus Consulting Services LLC in Orlando, FL Pauline Ho has revealed.
For more information please visit https://lausconsult.com
Ho said an accountant should be acting more as a backbone for the financial good of a company. Here, she outlines several practical ways for an accountant to come into their own and help your business prosper.
Accountants are often in a knowledgeable position to bring structure to a business that will help minimize tax liabilities, obligations and liabilities on a business owner.
Ho added: “An accountant is not only useful as a source for tax preparation, but should be utilized for tax planning advice. With their wealth of experience, they can keep a company rolling on the right side of compliance throughout the tax year.”
In a similar vein, an accountant can advise on devising a strategic financial plan. This can cover anything from potential sales targets, the number of hires and additional investment to make a company grow.
“With the correct guidance, a business owner can assert a working budget going forward in achieving any goals they want to achieve,” Ho commented.
Accountants can also be the gatekeepers for a whole host of things, from developing a plan to address daily cash inflows and outflows, and better cash management processes. They can also implement a system to handle unpaid invoices and offer solutions to dealing with late payers.
“Debt is one of the many fears of small business owners. However, an accountant can work alongside them, assert the best ways to tackle debt, and in the company’s best interests and on their own terms,” she added.
Ultimately, accountants are there to ensure payroll compliance is adhered to and companies pay their taxes. “To help you avoid fines, they can devise a monitoring system so that when the company grows, you won’t suffer a cash flow issue.”
She concluded: “To get the best business financial performance, you may well need to get the best out of your accountant. So don’t be afraid to ask them pressing questions and widen their scope of operation, advice and usefulness in your business.”
Source: http://RecommendedExperts.biz
Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com
Source URL: http://RecommendedExperts.biz
Release ID: 89031034
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