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Small businesses are not only trying to find their way in an uncertain economy, but they are also dealing with the seemingly constant changes to tax code and increased complexity of regulations. Trying to stay compliant without any outside help would dominate the majority of their time, taking them away from actually doing business. What is a small business owner to do? Sage is passionate about helping small businesses stay complaint while also achieving their business ambitions. To do this, we think it is important to partner with an outside accountant.
Many small business owners already work with an outside accountant. In fact, in a Sage Accountants Usage Study from last year, 59% of U.S. small businesses said they work with an accountant. While this is an encouraging number, the majority only utilizes an outside accountant during tax season. What many small business owners don’t realize is the value that comes from building a relationship with an accountant on a consultative basis throughout the year. An accountant can serve as a trusted advisor who can not only help a business stay compliant, but also offers invaluable counsel to take a business to the next level, or assist in navigating through an uncertain economy. Accountants bring knowledge, experience, expertise, and a perspective that can help build a plan to turn business ambitions into reality.
Here are ten things outside accountants do well that small business should consider when determining what capacity and how often they want to utilize an outside accountant.
A small business can probably survive without the help of an outside accountant, but working more closely with an outside accountant year-round on more than just taxes, will not only keep you compliant, but their guidance and expertise can help your business prosper in 2014 and beyond.
Accountants can find classes and network at Sage Summit, our yearly conference. Business owners and employees can learn accounting tips, network, and hear the latest trends. Join us in Las Vegas, July 28-31.
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We have a wide range of accounting software—in the cloud and on-premises—for start-ups, small, and medium-sized businesses.
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Jennifer Warawa is Vice President and General Manager of Sage Accountant Solutions at Sage North America. She helps entrepreneurs work with accountants by introducing Sage One Accountants edition, an online accounting solution. Prior to working with Sage, Jennifer was a Sage business partner and small business owner for 12 years.
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