Running a small business is a whirlwind. You’re the CEO, marketer, and sometimes even the janitor! It’s easy to let tasks like bookkeeping and taxes fall by the wayside. However, a little neglect can have significant consequences regarding your finances. That’s where a Certified Public Accountant (CPA) comes in. At FSL Tax and Accounting Services, we specialize in helping small businesses, including law firms, Amazon DSP owners, real estate agents, and the exciting but complex world of cannabis companies, thrive financially. But is now the time for your business to hire a CPA? Here are some signs.

Signs Your Business Needs a CPA 

You’re Drowning in Paperwork:  Receipts, invoices, bank statements – the piles keep growing. A CPA can help you implement a bookkeeping system that keeps you organized and saves time.

Tax Time is a Terror:  Tax laws constantly change, and navigating them can be a nightmare. A CPA can ensure you’re taking advantage of all the deductions and credits you deserve, saving you money come April 15th.

Additionally, there may be situations when you need a CPA’s expertise. For example, if you receive an audit letter from the IRS or they request additional information about your return, you should hire a CPA to represent you. CPAs have experience dealing with the IRS and can help you respond appropriately, supply the information it needs, and resolve the issue as painlessly as possible.

You’re Making Big Decisions:  From choosing a business structure to making investments, a CPA can offer valuable financial guidance to help you make informed choices.

Your Business is Growing:  Congratulations! But with growth comes complexity. A CPA can help you scale your financial systems and processes to keep pace with your success.

When You Acquire, Merge, Sell, or Close:  When you’re facing significant structural or operational changes to your organization – such as merging with another company, purchasing a business, planning to sell or close your business, or deciding whether to take on a new partner or dissolve a partnership – you should consult a CPA about the tax implications for your business and yourself.

Industry Specificity:  Law firms, real estate agents, Amazon DSP owners, and cannabis businesses have unique accounting needs. A CPA like FSL Tax and Accounting Services with experience in your industry can provide specialized insights and ensure compliance with specific regulations.

You Want to Focus on What Matters:  You started your business because you’re passionate about what you do. Let a CPA handle the financial side of things so you can focus on your core competencies.

Additional Benefits of Working With a CPA

• Peace of mind: Knowing your finances are in good hands lets you focus on confidently running your business.
• Strategic planning: A CPA can help you develop financial goals and create a roadmap.
• Improved cash flow: A CPA can identify areas where you can save money and optimize your cash flow.

Ready to take the next step? Contact FSL Tax and Accounting Services today for a free consultation. We’ll help you determine if working with a CPA is right for your business and discuss how we can help you achieve your financial goals. Call 678-702-7218 or complete the online form.