Posts Tagged ‘accounting’

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Use A Long Island Accounting Firm To Help Organize And Grow Your Business

Saturday, April 23rd, 2011

Most business owners know the craft of their trade inside and out, but the bookwork of the business is another story; using a Long Island accounting firm can greatly reduce the stress created by this unfamiliar demand. Hiring a certified professional to manage the more time consuming and complex financial aspects of your business will ease your mind and let you spend more time doing what you do best, running and growing your company.

There are many advantages to hiring a professional CPA. Long Island business owners that utilize a financial representative have more organized finances, more accurate tax filings and more security against financial mishaps like fraud and waste.

Turning your books over to a Long Island accountant ensures that your company’s most important financial documents and accounts are kept current and in order. A certified professional can manage your payroll, track your payables and receivables, prepare financial statements for your review and provide you with finance information to help you make managerial decisions.

Additionally, a certified professional can compare your business to your competitors, analyzing the strengths and weaknesses of your company. Such analysis provides valuable information concerning the overall marketplace of your industry and the standing of your company within that market. This information can be used to increase your market share, helping you make the best financial decisions possible and providing you an advantage over your competitors.

By using an accountant, Long Island business owners also protect their company from either intentional or unintentional financial mismanagement. Relying on internal personal to keep the financial records of a company increases the likelihood of personal interest conflicting with business interest. Too often this can result in fraudulent record keeping and bookwork. Turning the financial management of your business over to a third party protects against this risk and removes any temptation for company personal to tamper with the books. Professional financial management also reduces monetary loss or waste.

Financial organization and fraud protection are certainly compelling reasons for business owners to consider utilizing an accounting firm in Long Island. Another very common reason is that such professionals can provide expert help to a business when it comes time to file state and federal taxes every year.

By using a professional tax service, Suffolk County entrepreneurs can ensure that their state and federal documents are filed efficiently and correctly. IRS codes and regulations are dense and complex, they also change each and every year,. If you do not use a professional Long Island tax service to file your paperwork you risk filing your reports incorrectly, a mistake that can end up costing you great amounts of money in IRS fees and penalties. You also risk missing deductions that might apply to your business situation. Every business owner wants to maintain good IRS standing and keep as much of their revenue as possible each year. A certified professional helps you to do this.

Should there ever be any disputes concerning business accounts with clients or state and federal filings with the IRS, by utilizing an expert tax service, Long Island business owners can be assured such matters will be resolved quickly and professionally. The ability of a professional to handle these circumstances can eliminate additional stress for you and can even circumvent costly litigations.

You don’t have to be a financial wizard to see that on a cost/benefit analysis scale the advantages of employing a financial professional to help manage your company’s costs and assets far outweigh the price you might incur to do so. In fact, a professional service will likely save you money by reducing fraud, loss and waste, keeping your books in clear, accessible order and filing state and federal documents correctly with your interests in mind. If you are in business there are simply too many reasons and ways that a Long Island CPA can help you for this need to be ignored.

Article Source: http://www.articlesbase.com/accounting-articles/use-a-long-island-accounting-firm-to-help-organize-and-grow-your-business-4657388.html

About the Author

Ensure the success of your venture by employing the Accountants Long Island and Accounting Firm Long Island, Weisman & Co., CPA’s. To learn how our Long Island CPA, Tax Service Long Island, Accountant Suffolk County and Accountant Long Island services can improve your financial situation, be sure to visit WeismanCPA.com.

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Outsourcing Accounting Firms – A Hassle Less Way Of Bookkeeping

Saturday, April 23rd, 2011

Today when the business processes are being redefined, outsourcing accounting firms are gaining a strong hold, especially among the small establishments. This ensures that only professional accountants will be doing the bookkeeping tasks for your business, allowing you to concentrate on the core business that can generate more profits.

The defining process of doing business has changed in today’s scenario of globalization and technology. Outsourcing various processes has proved to be profitable and thus makes a lot of business sense. Outsourcing accounting processes provide a better management of finance and also the time, so more and more businesses and companies are turning to this process. This process of bookkeeping service mainly involves preparing and maintaining day to day bookkeeping and monthly or quarterly management accounts.

While big companies hire full time accountants, in today’s competitive business world, those with small establishments prefer to outsource their bookkeeping services. Outsourcing to various accounting firms proves to be more profitable than hiring an accountant for full time. Outsourcing to such firms means lower cost when it comes to the business’s bookkeeping needs.

As a small business owner, you cannot overlook the importance of your bookkeeping tasks by just letting it to be handled by just about anyone. Regardless of the size of the organization, the bookkeeping process is always time consuming and difficult to handle but also one of the most important aspects of any business. It needs to be taken care of and that too very well. In fact, bookkeeping is one source which helps in identifying the accurate condition of any business. Thus, you will need an accountant who has the right skills for the job and is professionally experienced, and the outsourcing accounting firms provides you with just that.

Hiring an accounting firm in order to get all your bookkeeping task done, will offer you and your employees more time to concentrate on the core matters that can generate more profits for your business. These outsourcing accounting firms provide only professional and experienced accountants for all the accounting tasks for your business. This ensures that all the financial process of your company are in the safe hands. You don’t have to worry about that little extra expense you have to shell out in availing the outsourcing accounting services, as those will be covered by the profits that you will earn from the accounting task done in the right way.

Keeping the records of your accounts can help your organization keep a track of all your organization’s transactions and finances on a regular basis. Thus efficient bookkeeping services are important for a successful business and it helps you understand whether your business is making money or going for a loss, whether your organization has strong finances or struggling, whether your expenditures are more than your sales or otherwise, whether your expenses are high or not, and if you are spending too much money on something etc. With answers to all these puzzling questions, your organization will be in a position of taking better business decisions.

Every business is different from the other in some or the other aspects. While hiring a firm, one should see to it that the company it hires should be proficient enough to meet the requirements of the business, as it is of utmost importance. Their expertise in the area of accounting and finance should be reflected in their accomplished work resulting in your company’s profit. There are also various online accounting services available which provides satisfactory small business bookkeeping services.

Article Source: http://www.articlesbase.com/accounting-articles/outsourcing-accounting-firms-a-hassle-less-way-of-bookkeeping-4652282.html

About the Author

The author of this article is associated with Bay Business Group, a leading online firm for outsourced accounting in the USA.

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