When you run a business start-up, those first few months to years are all about nurturing it and helping it grow.
I get the same question from the small business owners I approach all the time, which is “Does every small business need an accountant?” My answer to that question is “Yes.” It isn’t so much that you “need” an accountant, but using local Charleston accountants for your financial information can help take your business to the next level.
Often, the terms “bookkeeping” and “accounting” are used interchangeably, but although they have things in common, they are not actually the same. Both bookkeepers and accountants do one thing – they work with finances for small businesses.
As a start-up business, you typically have a skeletal staff wearing multiple hats to further your company toward growth and expansion. As such, there is almost always the inevitable question about where you can afford to spend, which usually isn’t a financial team right out the gate
Small businesses are created by entrepreneurs who have the vision to build something great. And although most of them have an amazing financial aptitude, their first task is to start-up and grow their company.
Picture this – It’s April 16th, and you’ve just finished another exhaustive process with your CPA filing your business and personal taxes. While there’s an immediate sigh of relief to have another year behind you, the harsh reality is that you’re already nearly halfway through the next year from an accounting and bookkeeping perspective.