Outsource Your Accounting and Feel Better in the Morning

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Outsource Your Accounting and Feel Better in the
Morning
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• When theyre first starting up, its common for
  business owners to do everything themselves,
  including keeping the books even if it isnt
  really their area of expertise. But as the
  business grows, it becomes necessary to delegate
  some tasks to others.

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• At this point, the business is faced with a
  choice hire a full-time employee, or contract
  with an outsource company to provide accounting
  and bookkeeping services. Here are the top
  reasons why many choose to go the outsourcing
  route.

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Accessing comprehensive expertise.

• In addition to taking the burden of routine data
  entry off your shoulders, a team of CPAs will
  have you covered for financial statements, income
  tax filing, payroll preparation, regulatory
  compliance, sales tax reporting, cash flow
  management and many other areas of specialist
  knowledge. You would have to hire multiple
  employees to match that level of service.

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Using the latest technology.

• For a small business, its often not
  cost-effective to buy state-of-the-art accounting
  software. For your outsource provider, its key
  to their success. The right accounting company
  will integrate their software with your business
  management system, giving you their capabilities
  at a fraction of the cost.

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Avoiding payroll expenses.

• A full-time employee comes with an array of
  costs payroll taxes, workmans compensation,
  unemployment insurance, health insurance, paid
  vacation and other benefits which can be as
  much as 30 of the individuals salary in
  addition to what you actually pay them. Its
  something to keep in mind when youre comparing
  the costs of in-house and outsourced accounting
  services.

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Saving on overhead.

• If you maintain your own accounting department,
  you must have somewhere for them to work. That
  means expanding your office space, adding
  computer stations, data storage and backup
  servers, and everything else theyll need to do
  their job. Outsourcing gives you the opportunity
  to go completely paperless with your accounting,
  and leave all the space and equipment hassles to
  your provider.

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Focusing on business growth.

• With the accounting chores out of your hair,
  youre able to put your time and attention where
  it belongs controlling the quality of your
  products and services, staying ahead of your
  competitors, meeting short-term goals and making
  long-term plans.

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Getting your life back.

• As you know all too well, small business owners
  work crazy hours. Freeing up the hours you spend
  on bookkeeping just might let you have your
  weekends off. Relax, recharge, spend time with
  family and friends. Come back to work on Monday
  with fresh energy and a clearer vision to help
  your business thrive.

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• Best of all, you have peace of mind knowing that
  experienced professionals are watching over your
  financials. You can get a good nights sleep, and
  wake up feeling better in the morning.