The majority of small companies outsource their accounting services to CPA firms, especially when it comes to tax preparation. In fact, according to Go Remotely, the most common accounting service outsourced by small businesses is tax preparation, accounting for 71% of all small businesses.

The use of certified public accountants by small businesses results from several factors such as the number of employees, whether a company is home-based, and the nature of an industry. Here's why you should only work with certified public accountants.

Accuracy and Reliability

Many small businesses have a turnover rate of employees due to low pay and poor working conditions. This affects the accuracy and reliability of financial records, which results in a high level of unaccounted income or expenses. An accountant's work is not only limited to calculating taxes. They take care of all the financial aspects related to the business, including accounts receivable, expense accounts, and a paycheck.

Tax Preparation

An accountant's work starts with preparing tax returns. It also involves preparing payroll and accounting sheets for every employee and daily taking care of business statements (including bank statements). In addition, certified public accountants also help their customers find deductions or credits that businesses could use for tax purposes.

Cost Savings

Outsourcing accountants can save small businesses on their yearly spending regarding accounting and tax preparation services. Moreover, a CPA firm can improve its accuracy rate compared to an individual accountant's. They also know how to work with complicated tax laws and regulations, which generally cannot be done by other people.

Professionalism

Although it may be tempting to outsource accounting services (or your whole business), accounting is a professional field where experience and education are significant. You cannot simply delegate someone with accounting skills to do your job. CPA firms are one of the few companies that provide professional services leading to professionalism.

Certified public accountants are vital to the success of your small business since they help you save time and money and improve the quality of your business. As such, small businesses should only work with CPA firms that are reliable, professional, and knowledgeable on how to make their business a success.

Do you want to incorporate the best certified public accountants for your company? Call us today! We are a group of certified public accountants ready to serve your business needs. Please don't hesitate to give us a call or email for more information.