With the myriad of tasks business owners juggle each day, a fresh set of eyes can do wonders for their operations. That’s why many companies turn to professional accountants to oversee their financial priorities. The experienced team at Michael C. Davis, CPA CGMA in Stow, OH, specializes in providing expert business accounting services tailored to a wide range of industries. Below, their team highlights some of the benefits of hiring a certified public accountant

4 Enticing Reasons to Opt for Professional Business Accounting

1. Tax Return Preparation

Companies have to deal with a number of federal and state regulations when it comes to filing their income tax returns. An experienced CPA will always be up-to-date on the latest rules to ensure compliance and accuracy. This helps avoid costly fines and penalties while uncovering cost-saving tax deductions for businesses. Accountants are also available to help prepare for audit situations.

2. Payroll Services

Business accounting also includes conducting payroll services, which is a task that takes up a large chunk of time each pay period. Outsourcing this important responsibility means employee and vendor paychecks and invoices will be processed in a timely fashion. The appropriate tax withholdings, Social Security, and vacation and personal time will also be calculated on a biweekly, monthly, and annual basis.

3. Business Consulting

The best accountants have the foresight to look at the big financial picture. By taking a look at quarterly activities, they can help business owners make adjustments to plan for more hiring and inventory. Business consulting also involves examining larger strategic moves, such as a merger or downsizing, to see if they will benefit a company's bottom line.

4. Cash-Flow Management

From creating budgets to processing payments, business accounting also involves consistent and reliable cash-flow management. Company managers won't have to worry about whether or not bills are being paid on time to third parties. Their CPAs will be sticklers for keeping track of funds going in and out the revenue door.

If you're a busy entrepreneur, let the office of Michael C. Davis, CPA CGMA help manage your business accounting duties. With nearly 40 years of combined experience, their team has the skills and knowledge needed to keep your company operating efficiently. To schedule an appointment, give them a call at (330) 376-1099, and visit their website for more information on the services they offer.