As a business owner, your time is filled with tasks and responsibilities that demand your immediate attention. You may be able to delegate the authority for some tasks however, ultimately, the responsibility for their accurate completion rests solely on your shoulders. Out of all the responsibilities, one of the most important, most time-consuming, and perhaps the most daunting of those is the financial and accounting aspect of your business. Hiring an experienced Tennessee accountant can help shoulder that responsibility.
Even if you have a good bookkeeper on staff maintaining the day-to-day, you still need an accountant who can keep up with needed audits, income tax filings, payroll tax filings, expansion decisions, layoff decisions, investment and loan advice, long-term and short-term business planning and time for you to grow your business.
Your accountant is responsible for the accurate and timely filing of your taxes, taking the pressure off of you. If you would be audited, your accountant can handle all the details and paperwork dealing with the audit. An experienced Tennessee accountant truly knows their business and can advocate for you.
Even if the failure to comply with a specific tax or tax code was unintentional, the penalties can be stiff and costly. An experienced Tennessee accountant can help you keep up with all the changes pertinent to your business so you do not risk non-compliance.
An accountant can advise you when you need investment or loan advice and can provide you with insight as to which direction will be the most profitable for your business. In addition, since your accountant should have experience in your line of work, he or she may have insights and/or ideas that you had not considered, such as tax credits or other incentives that are available to you.
An experienced Tennessee accountant can help you with your accounting needs. Call today for your free, initial consultation.