One of the first questions I always ask potential new clients is ‘do you have an accountant’? I make sure any clients I work with have hired an accountant – this can be either a CA, CGA or CPA. To me an accountant is vital to one’s business – no matter how small. Here’s why…
There are a lot of areas an accountant can help with, but this is most important area for me. Leave preparing your business tax returns to an accountant. The government paperwork can be a bit overwhelming for a new business owner so this is a great thing to leave in the hands of a professional.
- YEAR END
Make sure you sit down with your accountant to go through your financials once they have completed the Year-End. I cannot stress enough how vital this is to understanding the health of your business. They will advise you on important financial decisions affecting your business so you can prepare for the coming year. Forecasting your cashflow is essential to keeping your business running smoothly.
- BUSINESS STRUCTURE
Need help with determining the best business structure for you? This is also something your accountant can help you with. Should you be a Sole Proprietorship or Partnership? LLC or Corporation? Determining the best business structure is one of the areas we cover in The Money Dream Machine Program.
Do you feel ready to go? Ready to launch or expand your new business? If not, the Money Dream Machine was created for your. Get in touch and we’ll help you turn your business dream into a successful reality.