5 Ways Bookkeeping Is More Than Just Taxes
If you’re one of the many people that think accountants are just for filing taxes, it’s time to think again. Accountants have an extensive knowledge of taxing and the business world so they can provide you with business advice on everything from tax laws and how they apply to you, to financial statements, growth strategy and more. You might be used to talking to an accountant at tax time, but there are a lot of reasons to use one year round.
1. Provides Help With Financial Planning
Accountants like A to Z Bookkeeping have been considered the unsung heros of financial planning by offering a big picture view of your finances, from taxes to investments, insurance and estate planning. As it is all interconnected, how you manage your finances will affect your tax position. Having an accountant that helps you with both ensures you’re getting the best results. Aligning your investment strategy with what is most tax effective will make a big difference on your finances and an accountant has a deep source of knowledge to bridge the two areas effectively.
2. Saves You Time
Using an accountant provides a one-stop-shop solution for all your financial planning and taxation because they offer a holistic approach to your business and personal finances. They look after everything so you can spend your time on other things while providing you with an easy-to-understand explanation so you can make the best decisions for your business goals.
3. Helps Keep Costs Down
The accountants at A to Z Bookkeeping save you money on fees. Especially when it comes to financial planning, accountants provide the best value as they are paid by the hour and not by commission. That means accountants offer unbiased advice as they are not motivated by earning extra income on services that are often sold by commission-based providers such as those directly in the investing and insurance fields. They also save you money by providing what is essentially two services in one so you don’t have to pay a financial planner and an accountant.
4. Provides Expert Tax Advice
The more complex your financial situation is, the more beneficial having an accountant is. An experienced accountant can provide financial advice that includes strategies that can positively impact your tax position and provide you with the maximum benefits. A to Z Bookkeeping is on top of all the regulations as they change and know how to not only file your taxes so you can take advantage of all the opportunities available to you, but can turn that knowledge into strategic planning to save you even more.
5. Helps Small Businesses and Big Businesses
Owning and running a business means big decisions must be made. Accountants can help by providing advice on the best business structure – like sole proprietorship or LLC – for your situation. They can assist with financial analysis of your business plan and provide assistance on opening a business bank account. Having an accountant year round means you have someone making sure your accounting procedures comply with government regulations and they’ll track expenses during your daily business activities.
Whether you have a big business or a small business, having an accountant can save you time, money, and stress. A to Z Bookkeeping is more than just taxes. For year round expertise, contact A to Z Bookkeeping, your accounting experts in Hearst.
A to Z Bookkeeping & Tax Services
Phone: (705) 362-8841
Address: 14 8thSt, Hearst, ON