If you own a business in the San Rafael area, chances are an accountant could help you take it to the next level.
At Books In Balance, we work with clients across all industries in the North Bay area — including in St. Vincent, Larkspur, Fairfax, and San Anselmo. Our offices are located in downtown San Rafael.
If you’re a business owner in the North Bay area, here’s how a qualified accountant can make your company stronger.
By Keeping a Finger on the Pulse of Your Business
A qualified accountant can make your finances transparent by analyzing your income and expenses and delivering incisive, accessible reporting.
There’s a lot of value in keeping close tabs on your finances throughout the year. An accountant can help you identify where your money is going, find opportunities to reduce expenses, and develop strategies to grow your income.
Many small business owners hit a point where their income plateaus. Hiring a professional accountant is one step they can take to get past the plateau.
By Streamlining Your Taxes
An accountant can help you set up your business properly, manage payroll, accurately predict your quarterly tax payments, and file your taxes on time and correctly — avoiding potential for fines and fees due to mistakes, and reducing your chances of being targeted for an audit.
Some accountants also offer bookkeeping services, which include keeping track of your receipts and categorizing your expenses — so tax time is easier and less stressful.
By Saving You Time
Unless you’re an accountant or finance professional yourself, chances are you didn’t get into your business so you could spend lots of time on your own accounting.
As a small business owner, you probably love what you do — and you’ve found a way to make money doing it. Hiring an accountant frees up your time to do more of what you love, and make more money.
By Setting Up Your Business Correctly
There are a number of different business structures you can choose to organize your company under, and your choice can have a big impact on your taxes and finances.
Some of the more common include:
- Sole proprietorship
- C-Corp
- S-Corp
- Limited liability company (LLC)
- Partnership
Whether you’re just starting out or you’ve been running your company for a long time, you could potentially save thousands of dollars by picking the right structure — or switching to one that’s better suited to your business.
An accountant can explain the differences, and help you pick a business structure that will bring the most benefit to your finances.
By Helping You Expand
If you’ve been handling your books on your own, you may have reached the limits of your expertise — and that can limit where you take your business next. A professional accountant can help you break through this wall.
Whether the issue is hiring full-time employees and handling all the payroll tasks that come with it, expanding to another country, or figuring out how to finance a major equipment purchase, a professional accountant can help you meet that big goal — and take your business in a new and profitable direction.
Contact an Expert Accountant in San Rafael
If you own a business in the North Bay area, Books In Balance can help you take your finances to the next level. Get in touch for a free consultation today at our Downtown San Rafael office.
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