With all the uncertainty out there, more and more small businesses are cropping up. As anyone who has started their own business knows, there are plenty of decisions to be made, including your accounting method. While that answer may come easy, at some point small business owners have to ask themselves honestly A) Do I know squat about accounting? B) If no, do I hire someone full time or do I contract the work out as needed?
First, if you’re not versed in accounting and taxes are you really going to take the time to learn everything you need to know at the behest of growing and refining your business? Have you seen the tax code? You want to take advantage of everything you can, right? Best to call an expert.
Secondly, if you do decide to get some help, are you willing to pay for someone to keep the books, file tax forms, manage the payroll, etc. etc. full time? Are you going to pay them a salary, benefits, supplement their daycare, give them vacation? If you’ve got the resources to bring someone on, that’s great, start interviewing people. But what if you’re still in the early stages? Finding a CPA firm that can provide those crucial services for you can save a lot of headaches.
On the other hand, if you are already an accountant, maybe this growth in small businesses is your opportunity to get a little entrepreneurial yourself. CPA firms are the most profitable small businesses out there and somebody has to help those business owners keep their debits, credits and tax forms straight; it might as well be you.
There’s finally some video of the new Britain’s Got Talent star, 28 year-old Christopher Stone. An accountant, Stone showed up at his audition with his Mom and Dad who sold their house to pay for music lessons when Chris was little.
Tortured as a kid for his love of music (they apparently called him a “poof” though we aren’t sure what that translates into over on this side of the pond), Stone suffered through beatings and taunting for much of his young life. “Bruises heal but the pain from mental bullying doesn’t just go away,” he said, later giving Simon Cowell a reason to criticize for the sort of nervous hand-wringing that can only come from someone who spent half their life getting chided by bullies.
The roar from the crowd when Stone admits to being an accountant pretty much sums it all up but he knocked Maria out of the park and boasts 12:1 odds to win the show (that’s some sweet action).