Kalispell, Montana
307 1st Ave E. Suite 22
Kalispell, MT 59901
406-257-1455

5 Ways an Accounting Service Can Help Your Small Business February 15, 2017

Kalispell, Flathead
5 Ways an Accounting Service Can Help Your Small Business, Kalispell, Montana

When you own a small business, it may seem as though acting as your own accountant can be a good way to save money. However, hiring a local bookkeeping service—such as Essential Accounting & Tax Service in Kalispell, MT—can benefit your bottom line in the long run. If you’re a small business owner, consider these incredible ways an accounting service can help.

5 Reasons for Hiring an Accounting Service

1. Determine the Best Business Structure

If you need help with a new business setup, your accountant can help you get started on the right financial footing. Small businesses are particularly unique and the business structure under which you choose to establish yourself can make a big difference. These experts can help to determine whether you’re better off operating as a sole proprietorship, forming an LLC, acting as a limited corporation, or adopting another form.

2. Accurate Forecasting

If you've already established your small business, your accountant can help you understand how your company can continue to grow. Through advanced forecasting strategies, these professionals can pinpoint certain risks that could impact your bottom line, as well as detect opportunities to expand your profit.

accountant3. Save on Business Taxes

Accountants typically have a strong understanding of tax preparation and will be able to make sure you stay on schedule with payments, as well as look for unique deductions you may not have known about. The more your accountant is involved with your finances, the more he or she can give you a clear outlook on things you can do to save from quarter to quarter.

4. Manage Payroll  

Whether you work with independent contractors or manage a team of employees, calculating wages, taxes and cutting checks can be cumbersome. Accountants know how to streamline these processes through convenient payroll services that can save you time and keep records accurate.

5. Advise on Unnecessary Business Expenses

Even if your business is making good profits, an accountant can often highlight extraneous business expenses. By understanding what will bolster your bottom line and what is taking away from your earnings, these experts can help you decide what is more economical to eliminate.

If you’re a small business owner in the Flathead Valley, you can turn the trusted accountants at Essential Accounting & Tax Service in Kalispell, MT. With a thorough understanding of business management in the local economy, these experts can provide in-depth accounting services to help fine-tune your finances. To schedule a consultation, call the team today at (406) 257-1455.

Other Announcements, Events and Deals from Essential Accounting & Tax Service
3 Benefits of Professional Quickbooks™ Training, Kalispell, Montana
As a small business owner, you may know that Quickbooks™ can streamline your accounting practices, saving considerable time and giving you access to the financial information you nee...read more
3 Small Business Situations Requiring a Business Accounting Professional, Kalispell, Montana
As a business owner, you tackle a variety of tasks every day, but unless you have professional accounting experience, some of these tasks are better left to an expert. Hiring a busin...read more
3 Benefits to Outsourcing Your Payroll Service, Kalispell, Montana
If you own your own business and have employees, paying them accurately and on time is one of your biggest responsibilities. One of the easiest ways to do the job is to outsourc...read more
Filing an Extension?, Kalispell, Montana
An extension to file your returns is NOT an extension to pay your taxes. This year, Tax Day is April 18. That's the due date for filing your federal income tax return and payin...read more
Waiting for a Tax Refund?, Kalispell, Montana
Are you waiting for a tax refund?  This year, patience is the key as the states and the IRS have announced that, due to efforts to stop the filing of fraudulent returns, all ref...read more