How Can A CPA Help A Small Business

Every business has heaps of financial transactions to carry out and even more financial decisions to make. So larger businesses have dedicated departments that carry out these tasks with ease.But when you are a small business owner, the entire burden of accounting for these transactions and decision-making falls on your shoulders.

From keeping track of accounting books to filing the taxes correctly, these tasks demand time and patience. Something small business owners are always short on.

But what if you can simply outsource this to an expert accountant? That would be a huge relief, right! Hiring a CPA doesn’t just free up time to focus on your core business. It can even help optimize your finances.

A Certified Public Accountant(CPA) is a licensed professional accountant who offers various accounting, financial, and consultancy services to individuals and business owners. Adam Valdez, a small business CPA from San Antonio joined us to shed light on the various advantages of hiring a CPA for small businesses.

6 Reasons To Hire A CPA For Your Small Business


Set Up a Business Structure

Whether you are setting up a new business or are looking to scale up your existing business structure, a CPA can make the job easier. Since they have a good understanding of laws and regulations, they can determine which business structure will be best for you- a sole proprietorship, LLC, partnership, or private corporation.

They can even take care of all necessary documentation required by law, help you set up bank accounts as well as suggest the best financial software to invest in for running your small business.

Tax Planning

As a business owner, you are always looking to save taxes wherever you can. But due to poor understanding of IRS regulations, a lot of small business owners struggle with filing taxes and even end up paying more.

Even filing taxes can be a nightmare for business owners. So hiring a CPA will not just ensure your taxes are filed properly but help reduce your tax burden by guiding you on deductions and tax saving schemes.

Financial Analysis

Want to expand your business operations? A CPA can help you choose the best type of loan for your business and come up with a suitable repayment schedule to minimize your tax burden. They will even educate you on various schemes that your small business may be eligible for so do ask your CPA.

Business Advice

Once your business has been set up, your CPA will help with budgeting, preparing, and analyzing financial statements like cash flow and balance sheets to help you take crucial business decisions and understand your business operations better.

Plan Business Growth

By analyzing your financial reports and generating business forecasts, a CPA can also help in planning the expansion of your business activities. Their advice on tax implications of various growth scenarios like mergers, takeovers, or even valuation of businesses are crucial to make timely decisions that will help grow your business.

Save Time

The biggest benefit of hiring a CPA for a small business is the amount of time saved daily in various tasks. CPAs have a great understanding of laws and hence offer various services from bookkeeping, payroll management, estate planning to tax preparations. By outsourcing these tasks, you will be free to look after other aspects of business that require your attention.

Hiring a CPA is a prudent decision to help operate your small business more efficiently. Their financial expertise and knowledge of the latest laws will help your business in various ways.

If you are in search of a good small business CPA in San Antonio area, you can reach out to Adam Valdez CPA. The family-run accounting firm specializes in consulting and bookkeeping services in the San Antonio area and will offer customized services to suit your small business needs. So book a consultation with them right away.

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