3 Reasons to Hire a Bookkeeper for Your Business
For most people, it is a relief that tax season is over. However, just because the IRS isn’t giving you a deadline for your finances to be in order, doesn’t mean you should stop staying on top of your books. At Brannen CPA Services, we are here to help small businesses thrive and something we recommend to many clients is to hire a bookkeeper. Why?, you may ask. Let us count the reasons! Here are three reasons you should hire a bookkeeper for your business.
1. You Will Have More Organized, Accurate, & Accessible Records
Managing your finances is an important part of running your business, but staying on top of your records can easily fall down the list of priorities with the myriad other day-to-day concerns. Having a bookkeeper means you’ll have someone who is dedicated to balancing your books and maintaining your records. When you have records that are organized, up-to-date, and accessible, you’ll have a better understanding of the money coming in and going out, which will help illustrate patterns in your finances and free you up to make other important decisions such as hiring more staff or launching a new product.
2. You Will Be Prepared & Protected
If tax season is always a scramble for you to get everything in order, a bookkeeper can help! They will be dedicated to documenting your expenses and reconciling your books, which means you will be prepared with the appropriate documentation for the labyrinth of exemptions and deductions. If the IRS were to ever audit your business, a bookkeeper’s records would help protect you and your business. For example, that business dinner deduction will have the necessary receipt organized with names and the date.
3. You Will Have More Time to Focus on What Matters
When you’re running a business, time is often the most valuable commodity you have. And keeping your books accurate takes a lot of time. Empower yourself to focus on the things that are most important to the success of your business by delegating the financials to a professional bookkeeper. What could you do for your business if you had more hours freed up each week?
At Brannen CPA Services, we partner with our clients to help minimize tax exposures and optimize your daily operations. Every business needs a sensible, experienced advisory team. Consider how a bookkeeper can help improve the ease and efficiency of your day-to-day business operations. If you have questions or would like a referral to some local bookkeepers, give us a call at 207.271.9600. We’re here to help you rediscover the strength in your numbers!