If you’re drowning in a sea of invoices, receipts, and cash flow statements that you can’t make heads or tails of, it might be time to call in professional help. An experienced accountant San Antonio can help you organize your records, tighten up your budget, and make sure you’re staying on the right track financially.
Pros of Hiring an Accountant
1. Accountants know what they’re doing
There are a lot of technical details that go along with managing your small business’s finances, and even a simple mistake like putting a decimal point in the wrong place could come back to bite you. This is especially true when it comes to filing your taxes, since inaccuracies or accidental omissions could end up attracting a great big red flag from the IRS. An accountant’s job is to make sure all of your records are error-free.
2. They can save you time and money
Your accountant wants to see your business succeed. One way to do that is by looking for unrealized savings. For instance, your accountant may review your monthly expenses to see where there’s room to trim the fat or come up with a way to streamline your record keeping so that it’s less time intensive. When tax time rolls around, your accountant is the one combing through your financials to uncover every possible credit or deduction, leaving you free to focus on other aspects of running your business.
3. They do more than just crunch numbers
In addition to balancing your books, your accountant can also offer expert advice on everything from determining your pricing structure to obtaining financing. If you decide at some point you need to close your business or sell it, they can give you tips on the best way to proceed. That kind of input can be invaluable, especially if it’s your first foray into entrepreneurship.
Cons of Hiring an Accountant
1. Their services aren’t free
Accountants expect to be paid for the work they do and for some businesses, the added expense can be a real budget buster. What you end up paying may be lower depending on what kind of business you have or how good your relationship with your accountant is, but the bottom line is you’re still increasing your overhead by hiring one, even if it’s just on a part-time basis.
2. There’s no guarantee against mistakes
Accountants, like everyone else, are human, and there’s no way to guarantee they won’t make an error at some point. If it’s something small that can be corrected quickly then it’s usually not a big deal. But on a larger scale, it may be disastrous.
3. It’s easy to lose touch
Delegating your small business accounting to someone else makes sense when you’re stretched for time, but that doesn’t mean you can take a completely hands-off approach. Even though your accountant may be doing all the heavy lifting, it’s still your responsibility as the business owner to check in regularly and make sure things are moving along smoothly. The relationship you have with your accountant should be a partnership, with both of you taking an active role.
If you need accounting and bookkeeping solution in San Antonio, TX, get in touch with Uhlenbrock CPA at 210-701-1040. Uhlenbrock CPA has years of expertise in bookkeeping, tax planning advice, tax preparation and other accounting tasks.
If you have any questions or queries, feel free to contact us -
Uhlenbrock CPA, PC
1000 Central Parkway North, Suite 120
San Antonio, Texas 78232
San Antonio, Texas 78232
mike@texascpa.net
Phone: 210-701-1040
Fax: 210-701-1040
Phone: 210-701-1040
Fax: 210-701-1040
