Tag: outsource small business accounting

Another tax season has come and gone, and as always, it feels like—despite all odds—a mountain has been moved. Maybe you had the nice surprise of a hefty refund, or maybe you had to write some checks you weren’t planning on writing. No matter which way your return ended up, there’s a good chance that the process of putting your taxes together exposed all the cracks and holes in your small business accounting practices. One way to shore up those holes before next tax season comes around is to outsource your small business accounting. And the benefits go beyond a less stressful tax filing. 1. Save Money Whether you hire an internal accountant or accounting team, or you outsource the accounting for your small business, there’s a price tag attached. For a small business, bringing on a new employee is no small decision. Their salary, benefits, and other monetary concerns have a serious impact on the bottom line. That cost typically overshadows what you would pay to an outside accounting firm. This is especially true if you’re one of the many small businesses that finds itself in that undefined space where accounting takes too much of your time to handle on your own, but there’s not quite enough to do to keep a full-time employee busy. Hiring someone to sit idly by for a good chunk of the work week is an investment that simply doesn’t deliver. 2. Save Time When you outsource your small business accounting, you’re contracting a…