Why You Need To Get An Accountant Fast

Kohler Financial specializes in helping owner-managed businesses so we see a lot of clients who started off doing their own books. They come and see us when the job becomes too big or when they start making mistakes and losing money. I wish they would come to us sooner. So, let’s examine more about that!

There are so many things an accountant can do for you but here are some key areas where they’ll help your business immediately.

Clean up your books once and for all

When business owners do their own bookkeeping, it often only happens when they can find the time. That’s not really giving your financials the attention they deserve, and it results in:

  • data-entry errors
  • lost documentation (such as proof of purchase for expenses)
  • missed tax breaks
  • books that are out of date

If you hire an accountant like Kohler Financial, we’ll clean everything up so you have accurate records backed up by documentation. We can even help you discover software that makes it a lot faster to record future income and expenses. That way you’ll never fall behind again – and you won’t have to pay for someone to come and enter data for you.

Do your tax really well – and on time

If you do not make quarterly estimated tax payments it usually results in additional penalties and interest from the IRS. We’ve taken on clients in the past who’ve lost thousands this way. When you hire an accountant, you won’t miss any more deadlines. Kohler Financial will work well in advance so that tax filing is smooth and stress-free. You’ll forget what it was like to dread tax season.

Plus the first few years we at Kohler Financial get new clients, we can often reduce the amount of tax you have to pay. If you engage with us at the start of the year and ask for tax planning services, we’ll come up with a strategy that keeps more money in your business.

Improve your invoicing and cash flow

Your invoicing system is central to the health of your business. If you don’t bill efficiently, you won’t get paid quickly – and that’ll leave you short of money. It sounds basic, but this factor alone undermines a lot of businesses.

As an example, I think of the plumbing and heating engineers that service our building. About two weeks after they’ve been, they send me an invoice, which gives me 30 days to pay. If I pay on time, their business is waiting more than six weeks for the cash, even though the employees who did the work were paid the week the job was done.

Get your accountant to set up an automated invoicing system and you’ll be able to:

  • send invoices quickly
  • check at any time to see which ones have been paid and which haven’t
  • give customers a choice of multiple payment methods

Accountants can also give you good advice on invoice payment terms, to help reduce the time you spend waiting on money to come in.

These are really just a few, quick examples of reasons to have the best accountant in Las Vegas. Kohler Financial. Call us today and let’s star working together.

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