Why You NEED Your CPA

As you look to control costs in the new year, one of the first places you will look is at your staff. An easy way to create space in the budget is to eliminate employees who have proven to be ineffective or redundant. You might be tempted to lump your CPA into this group, concluding that the financial acumen they offer is present in other corners of your workforce. This conclusion, however, is a mistake. Here are just a few reasons you NEED your CPA:

Spend Your Time on Revenue Generation

One of the primary responsibilities of your CPA is keeping an eye on your expenses. This is a time and labor intensive job, but also essential for the long-term financial health of your company. By leaving this responsibility up to your CPA you and the rest of your team have more time and resources to spend devising strategy, looking towards the future, and focusing on the core of your business model.

Control Your Costs Organization Wide

Employing a CPA is better understood as an investment rather than a cost. These professionals may command a competitive salary, but they also help you cut your costs in unexpected and significant ways. From taking advantage of tax breaks to making legal loopholes work to your advantage, the cost savings generated by your CPA benefit every aspect of your business.

Navigate Financial and Legal Setbacks

No company is immune to financial and legal setbacks. In fact, most companies are more vulnerable to them than they realize. If and when the inevitable setback happens, your CPA is one of the best resources you have. Navigating an audit is an extremely difficult process that can sap away all your time and require you to gain new expertise fast. Your CPA will handle the bulk of this process for you, doing everything possible to ensure the outcome is in your favor.

Get Professional Advice from a Financial Expert

CPAs are financial advisers who understand your business better than anyone else. As a result, they are uniquely qualified to help guide you toward smart financial decisions over the long run. You can solicit perspectives from elsewhere, but few if any will be as informed, objective, and unbiased as the perspective you get from your CPA.

 

So, do you have a CPA on your staff right now? If not, you’re missing out an a major asset. Connect with some of the best talent on the market by working with The Squires Group.


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