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When it comes to running your small business, even the tiniest financial mistake could hurt your bottom line. By working with a certified public accountant, you can prevent errors and protect your business. Running a business requires a lot of time, especially if you’re doing your own bookkeeping. In addition to saving time, here are a few more reasons to hire an accounting professional.

3 Reasons to Hire an Accountant 

1. Understand Your Business Better

A certified public accountant is required to remain up-to-date on current tax laws, including Federal and state laws. As a result, an accountant can save you money, find tax deductions, and help you get tax credits. If you get audited, a CPA can help explain your filings to you and the IRS agent. 

2. Save on Refiling Expenses

certified public accountantFiling your taxes yourself could be risky if you don’t have an expertise in accounting. The IRS tracks whether you file on time and looks for mistakes in your taxes. An accountant can help prevent mistakes and will ensure that your taxes get done before the deadlines, so you won’t have to pay penalties or refile your taxes.

3. Set Financial Forecasts for the Future

In addition to taking care of the bookkeeping and filing taxes, a certified public accountant can help you scale your business and set financial goals for the future. They will study your business to identify how you can minimize your risks and create financial padding to help you grow.

 

Whether you’ve been in business for a while or you’re just starting out, hiring a certified public accountant will ensure that your bookkeeping is up to date, your payroll runs efficiently, and your business is functioning in line with IRS laws. The qualified team at Roy E, Carter, CPA, PC in Staunton, VA, specializes in providing accurate and reliable financial services to help your business flourish. Call them today at (540) 886-6251 or visit their website for more information. 

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