Time to Hire an Accountant Now

accountant

It’s that time of year when tax season is right around the corner. What does that mean for you? Usually, it means gathering all your tax information and filing your tax forms. Bear in mind you may know little about accounting. You can make a smart and cost-effective decision to hire an accountant and let them do the heavy lifting. Here are a few reasons why an accountant is a great decision for you:

  1. Save Time. If you don’t have the time to devote to doing your taxes then don’t. An accountant’s sole job during tax time is preparing and filing taxes. Outsourcing this task will save you time to properly fill out the forms. A rushed incorrect tax filing can lead to problems with the IRS and can cost you in fees.
  2. Less Stress. Do numbers read like a foreign language? Does getting all of your tax information together stress you out? Accounting is a complex subject that few understand. An accountant knows and understands the tax filing system intimately. Take your tax documents and let the accountant process the information. Chances are they understand the process better than you.
  3. Finding and Itemizing All Your Deductions. This can be tricky since President Donald Trump’s 2017 tax laws have changed deductions. If you have a mortgage, children, and make significant charitable donations, this can be challenging to navigate. An accountant can take all your possible deductions and maximize your return.
  4. A Big Change in Life Last Year. Did you buy a house or get married? Life events happen as buying a house or getting married. Is this the first year you have to document them on your taxes? These life events are great for you but make your taxes more complex. If you have to file it for the first year an accountant will know how to navigate the process correctly.
  5. You Own a Business. Do you know how much income your business made last year? Is your business ready for an audit? An On pay study found that 28 percent of businesses have been audited by the IRS. An accountant will take the worry and time out of doing your own business taxes. Plus, if an accountant does your business taxes you can continue to focus on your business
  6. Saving You Money. Taxes can get complicated. It can also be a very costly process. If you file your taxes by yourself then you can get face fines from the IRS for doing them wrong or reporting something incorrectly. With hiring an accountant, you won’t have to worry about making costly mistakes. Hiring a professional will allow you to tax prep, and able to receive and save as much money by following the laws set in place.

SWVA Tax & Accounting is a full-service accounting firm that specializes in helping small businesses. SWVA Tax & Accounting has the knowledge and experience to help you. They pride themselves on doing taxes right the first time. They will save you the time and stress that is involved in the accounting process. With offices located in The New River and Roanoke Valley, they can serve all your accounting needs. Click here to schedule an appointment online today with SWVA Tax & Accounting. Or call SWVA Tax & Accounting 540-250-3198. We’ll run the numbers, while you run the business.

Why An Accountant For a Small Business Matters

small-business

We all have a “go-to” person to help and give advice when needed. We go to doctors when we are sick and in need of medical advice concerning our health. We have mechanics to fix our car when it breaks down. Small business owners are no different. It’s crucial to partner with an accountant, to help run their business efficiently.

Running a small business is hard work. Keeping up with tax law and accounting, while running your business, is difficult if not impossible. Accounting and finance are challenging topics, that are best left to a professional accountant. Whether payroll, end-of-year taxes, or how to plan for the future, an accountant can help you navigate these unknown waters.

Here is how an accountant can help YOU as a small business owner:

An Unused Resource

Accountants are the “go-to” for tax-related questions and advice you have as a small business owner. Instead of just “Googling It” and finding out the information yourself, reach out to an accountant for help. They are familiar with the ever-changing tax laws and how rules can affect you as a business owner. The cost associated with an accountant is much less than making costly mistakes.

How Can an Accountant Help Your Small Business

When first selecting a business structure (i.e. partnership, LLC, sole proprietorship, etc.) The way you set up your business impacts how much taxes you will pay, paperwork to start, and personal liability. An accountant can help you structure your business, in a way that will benefit you.

Accountants Can Help With

An accountant can help with starting and optimizing your budget and cash flows. They can help plan a path to pay off debts and set you on the right path for success. Setting up and processing payroll is another challenging aspect of running a business. An accountant can help with deductions and withholdings, based on your employee’s elections. Accountants can also help with tasks such as accounts payable and receivable, business advice, and so much more.

If you are a small business owner and need help, please contact SWVA Tax and Accounting at 540-250-3198. We’ll run the numbers, while you run the business. Don’t make a mistake that can cost you thousands of dollars in taxes. We can help you with these decisions so your business can thrive in these unknown times. Please call SWVA Tax and Accounting at 540-250-3198 or visit us online at www.swvatax.com