15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

Three Ways an Accountant Can Help Your Small Business

When you are a small business, you probably do not have the luxury of a full staff to handle your accounting payroll taxes. Instead, most small business owners handle these financial matters on their own. Since they are not always skilled in accounting, they spend excess time on these obligations. They also are more likely to make mistakes. For this reason, a lot of small businesses work with accountants. There are several ways an accountant might benefit your business, including these three.

1 – Determining the Right Business Structure

Many people do not know how to

Business meeting in an office

structure their business for accounting payroll taxes. With the help of an accountant, you can determine which of the following structures is best for your business:

  • Sole proprietorship
  • Partnership
  • LLC
  • Corporation

2 – Financial Assistance

Accountants are also helpful at providing financial assistance. They can help you with minor tasks like setting up a business bank account. Then, they can reconcile this account each month and create financial statements. This will allow you to determine how well you are performing. Many small businesses make better strategic decisions with the assistance of an accountant. As a result, they are able to experience faster growth.

3 – Payroll and Tax Help

Throughout the year, you will be responsible for paying your employees and your taxes. Although these obligations are not the most enjoyable part of being a business owner, they are part of your job. If you try to pay them on your own, you might find that they are rather complicated. Accountants, on the other hand, have an easy time understanding how to make these payments. They are skilled in these processes and have the ability to help you. This way you won’t make any errors. Also, you will always know that your payments will be made on time.

At the end of the day, hiring someone to handle your accounting taxes payroll makes sense. It allows you, as the small business owner, to focus on the processes that matter most.