As a small business owner, you’re probably doing the heavy lifting yourself as your business begins to take off, but if you plan to grow and develop you likely won’t be on your own for long. As such, hiring decisions will soon come into play, opening the door for staffing choices designed to guide your business forward.
If you have your sights set on the future, a few key professionals will be crucial to your success. An attorney can help you ensure your decisions are all on the up-and-up, while an HR and recruiting professional can make sure all employment, employee management, and hiring policies are aligned with the law. Most importantly, a qualified accountant can help you take your business from a start-up to a solid brand. Offering the financial knowledge you need to make wise business decisions, file taxes on time, track income and expenses, and manage cash inflows and outflows, the accountant you choose can have a lasting impact on what your business has in store.
The Role of an Accountant
Accountants have a significant role in business that goes far beyond tracking debits and credits. With the right accounting professional by your side, you can handle every aspect of your organization’s financials.
In a new start-up or small business focused on gaining momentum, accountants have a lot to offer. In many cases, their services can include:
- Tax filing and planning, ensuring full compliance with tax law in addition to securing the largest possible savings
- Handling day-to-day bookkeeping, including tracking transactions, generating invoices, and producing financial statements
- Financial planning and analysis functions, including budgeting and forecasting
- Tracking financial performance in search of red flags and efficiencies to improve
- Payroll management, including direct deposit payments, payroll tax requirements, and adherence to local laws
The Benefits of Professional Assistance
For those without a business background, choosing the right accountant can seem like an uphill battle. After all, how can you know you’re making the right decision for the future of your operations?
Instead of going with your gut and hiring employees blindly, the power of a professional Naperville accounting firm can ensure you have access to all of the resources you need. Unlike a singular accountant, a CPA firm has access to an extensive breadth of resources, including tax accountants, payroll professionals, bookkeepers, business advisory services, and so much more. If you have questions, a team of area experts can help you find appropriate answers, keeping you focused on the assets you’ll need to continue to grow.
Without a competent, capable accountant by your side, you may miss some of the solutions necessary to get your business up and running. When you’re seeking a Naperville accounting firm to serve your Chicagoland organization, Klein Hall CPAs is proud to serve as your perfect fit. With decades of combined experience and practice in all areas of small business, we’ll provide assistance with everything from payroll implementation to filing your first Form 1120. Contact us today to learn more about what we can do for you!