A Key Step For New Business Owners
So, what is this magical step? It is to find a good accountant. Not exactly what you were expecting, eh? Well, it is true. A good accountant can save you a ton of money. A decent accountant can save you a bit of money. Not having any accountant can end up costing you a bundle.
So, what is a "good" accountant? To give you an answer, we must first discuss the role you need the accountant to take. Any accountant can prepare a tax return. That is not what we are talking about in this article. There are really two types of accountants - reactive and proactive. Proactive accountants are what you are looking for to help you.
A proactive accountant is one who helps you ahead of time. This person sits down with you at the beginning of each year. They discuss your business and personal life and how the year is going to shape up. The accountant will then suggest steps you can take to minimize your taxes and grow your money. Just as importantly, they will also let you know if any of your planned steps don't make sense from a tax perspective and will offer alternatives. This one meeting will save you tens of thousands of dollars over the years. In fact, you would be wise to have a meeting every quarter.
Whether you like it or not, taxes are going to be a big issue for your business. A proactive accountant should be a vital member of your team. If you are going to make any big moves, you need to give him or her a call. Your accountant can also help you arrange your business finances in a manner that is going to help your cash flow so you can survive lean times.
So, when should you start looking for such an accountant? Yesterday! The first step in starting a business will necessarily involve how it is classified for tax purposes. This is a big decision and your accountant can provide you with the best solution for your particular situation. Ah, but can you afford to kick out money for an accountant early on? Yes. You will save a bunch of money by doing so and can deduct their fees.
Related Tags: new, success, business, advice, tax, up, taxes, proactive, account, start, cpa
Richard A. Chapo is with SanDiegoBusinessLawFirm.com - providing incorporate in California.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- The No. 1 Rule For Projecting Confidence - Speak With Authority
One of the most important characteristics a person can project in a business setting - or any situat - After the Autumn Checkout European Debt Crisis and U.S. Brewing Rebound
In the commotion caused by the Fed on interest rates come to an end, the "disastrous" for the euro a - Advantages Of Arcade Game Rentals
There are many different advantages to arcade game rentals. Most people need something to release th - A General Primer on Truck Cargo Nets
In modern highways it is quite rare to see truck cargo nets in action, this is because they are usua - The United States Will Burst More Severe Financial Crisis
Not long ago, suddenly announced that the central bank to raise interest rates, the interest rate hi - Niche Marketing Profits - 3 Easy Steps to Finding a Profitable Niche Market Income in 10 Minutes
Like most beginners I was having a very difficult time trying to find a niche market to earn extra m - The Importance of Hospitality Management Consulting Firms Toronto
Businesses and the managers that help guide any business are in a constant state of improvement and - New Keynesian Theory Label
2010 winner of the Nobel Prize in Economics three theories have been labeled as "New Keynesian" labe - Federal Reserve Pouring Money QE2 Unpredictable Fortune
U.S. economist Milton Friedman proposed a "throw the cash from a helicopter" view, while the practic - Fiscal Consolidation Should no Longer Delay
British Chancellor of the Exchequer George Osborne today announced fiscal consolidation policy, shoc
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a
