When you own a small business, there are a million things that you are responsible for. If you can, outsource your needs to those who are better qualified to handle it for you. One of those individuals is an accountant.
As a small business owner, you may not need an accountant starting out. With the advent of bookkeeping software like QuickBooks, you can enter your financial information. There are instructions to help you keep everything organized.
As your business grows you may hire others to work for you – full time, part time or on a contract basis. There are additional tax concerns as well as financial obligations. If you don’t have time to deal with it, then it may be time to work with someone else.
Hiring an Accountant
You have options for accounting services: hire an accountant firm or hire an individual accountant on a consulting basis. Depending on the scope of your need, you may want to start out with the latter. As the company grows bigger, you can then consider bigger issues like investing company funds, retirement accounts and such.