Getting off on the right foot
If you want to grow at a healthy pace and focus on doing what you love, rather than spend costly hours putting out fires every day, you want to put systems in place that will support your success from day one. Hiring an accountant in the early stages is one of the best ways to do that.
Setting up your accounting properly and choosing the best software for your business type are just a couple things a good accountant can do to minimize problems and maximize your business potential right from the beginning. Backtracking, cleaning up disorderly books, and switching systems will be a headache later and divert attention away from your most critical and profitable business activities.
Making deadlines
It seems like the regulatory burdens on small business owners increase daily. The IRS has a handy online calendar for the self employed and it’s chock full of filing deadlines. Depending on your business structure and the type of business you’re in, there are multiple deadlines every month of the year. And for every reporting deadline, you bet there are corresponding fines and penalties for filing late. Having an accountant like Kohler Financial means federal, state, and local deadlines won’t sneak up on you, and you’ll avoid the last-minute rush. Kohler Financial can also direct you to the best resources for automating the most tedious tasks. The pressure that a good accountant takes off your shoulders cannot be underestimated.
Paying employees properly
One area where busy business owners can often benefit from the experience of an accountant like Kohler Financial is in the area of payroll. Accountants often see the same mistakes when it comes to paying employees correctly, such as assuming overtime pay won’t be required. We at Kohler Financial know what to look out for and will advise you on your specific situation. Making sure each worker is properly classified, as well as knowing when an exemption applies and when it does not, are examples of the expertise you can rely on when you hire Kohler Financial.
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