How To Gain Back What You Pay Out in Accountants Fees (and more!) - PowerPoint PPT Presentation

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How To Gain Back What You Pay Out in Accountants Fees (and more!)

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Many small business owners take the decision not to hire an accountant or outsource their accounting requirements, in the mistaken belief that they can do the job themselves, and save on the fees. For business owners with a background in accounting, this may well be true, but for everyone else, hiring professional help with taxes has a wide range of short and long term benefits, some of which are financial. – PowerPoint PPT presentation

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Title: How To Gain Back What You Pay Out in Accountants Fees (and more!)


1
How To Gain Back What You Pay Out in Accountants
Fees (and more!)
2
  • Many small business owners take the decision not
    to hire an accountant or outsource their
    accounting requirements, in the mistaken belief
    that they can do the job themselves, and save on
    the fees. For business owners with a background
    in accounting, this may well be true, but for
    everyone else, hiring professional help with
    taxes has a wide range of short and long term
    benefits, some of which are financial.
  • Here are just some of the ways you can easily
    gain back what youve paid out in accountants
    fees

3
  • By freeing up your time
  • Time is priceless for most small business owners,
    and something they all too often, dont have
    enough of. Why waste time and effort learning and
    studying taxation and accounting, when hiring
    professionals would get the job done in a
    fraction of the time, and enable you to focus on
    other, money making aspects of your business?
  • Maximising your tax deductions
  • Accountants are experts at finding ways for you
    to save money on your taxes by maximising the
    deductions you are entitled to under the law.

4
  • Avoiding penalties
  • Late payments and incorrect tax filing comes with
    steep penalties, and a whole lot of stress! While
    you might think that by using tax software you
    can avoid these risks, think again! Theres
    alwaysthe possibility of errors creeping in as
    you (or another member of your team) still has to
    key in the correct numbers and dates in the
    online tax return. Skip the stress and hire an
    accountant.

5
  • Helping you to better understand your finances
  • With books that havent been organized or studied
    properly, its difficult to see the realistic
    state of your companys finances, but with an
    accountants help, you can straighten out your
    books and find out just how much money is coming
    in and how much is going out. In turn, this will
    enable you to know where you can cut down on
    expenses to save more money, and how you can
    invest it to generate more profits.

6
  • Helping you secure financing
  • If you need a loan from a bank or other financial
    institution to open a business or expand your
    existing one, a business plan is essential, and
    who better to help you than an accounting
    professional. With their deep understanding of
    cash flow, balance sheets and income statement
    projections, they can help you secure a loan and
    get the money you need.

7
  • Giving you great business insights and advice
  • If you hire an accountant (or outsource to an
    accounting company) with specialist knowledge of
    business planning, youll easily be able to find
    areas in which you can save money on expenses and
    increase your profits. Along with selling your
    products and/or services, you also need to sell
    them at the right price level, and an experienced
    accountant will know a lot about costing to help
    you find the right prices to use.

8
  • Suggesting alternative investments
  • As well as giving you ample guidance on how best
    to manage your business, an accounting
    professional will help you understand the many
    different investment options available to you, to
    grow your money. Able to explain the ins and outs
    of the stock market, real estate investing and
    even cryptocurrency to you without the use of
    complicated jargon, you can find alternative ways
    to invest your money for the benefit of your
    business.

9
  • If you want your business to grow in the right
    direction, you may not be able to achieve this
    successfully without investing in professional
    accounting. With so many benefits, the fees for
    hiring an accountant will quickly pay dividends,
    and your investors will almost certainly thank
    you for it!
  • At Heyer Inc, we proactively assist our
    individual and small business clients in meeting
    their goals. Our key area of focus is ensuring
    that our clients remain compliant with federal
    and state tax laws by providing them with high
    quality accounting and tax services Miami. If you
    are looking for an individual accountant in
    Miami, heyer inc would be a right option.
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