Protect your small business with a professional accountant
November 1, 2015
Rajasri CPA1315 Lawrence Ave E Unit 401 Toronto ON 416-425-0088
You may feel capable of handling all aspects of your small business, including the accounting, but professionals such as Rajasri CPA in Toronto offer much more than just crunching numbers.
There are many good reasons to hire a Chartered Professional Accountant for your small business, from inception to day-to-day operations and growth. Taking advantage of professional services can range from hiring an accountant for a few hours for special tasks, such as tax returns, to ongoing accounting and monitoring.
Rajasri CPA can assist your small business from the ground up by helping you determine the legal structure that will work best — operating as a sole proprietor, a partnership or a limited company. These decisions could affect the eligibility of writing off certain living expenses and your personal liability in the event of default. They are also invaluable for formulating a realistic business plan that factors in financial projections and increases the likelihood of success.
When operating your own business, you need to ask yourself how your time is well spent. You may be further ahead by concentrating on the daily operations than by having your head buried in a tax return. A professional accountant can handle the finances and make sure your business conforms to all the current tax laws in the event of an audit. They can also provide ongoing monitoring with graphs and charts so you always have an overview of your current financial situation.
Recognizing where your expertise lies and delegating other responsibilities to professionals can be one of the biggest challenges for small business owners. Many end up micromanaging to a point that they are overwhelmed and overworked, which will have a negative impact on the success of the business. Talk to a Chartered Professional Accountant to find out if it is time for you to consider hiring an expert.
Rajasri CPA is located at 1315 Lawrence Avenue East, Unit 401, and can be contacted at 416-425-0088 to answer all your questions about business accounting.