When you own a small business, you have a lot on your plate trying to keep it all afloat. While bookkeeping is something that commonly gets put on the back burner, it is something that has the ability to determine the success or failure of your small business. If you don’t have a handle on the cash flow, record keeping, and tax preparation, your business will likely go in the hole quickly.
At Perfect Balance Bookkeeping & Tax Services, we understand that you are busy and may not have the capability of handling all of this on your own. Don’t stress yourself, hire a virtual bookkeeper to help you stay on top of all of it. Still not sold? In today’s blog we are going to discuss five main reasons why you should hire a virtual bookkeeper for your small business. Contact us today for a free consultation!
#1 Saves You Money
Hiring a virtual bookkeeper over an employee will save you money. When you hire an employee to do your business’ book and record keeping, you will have to pay taxes on their pay, pay for their benefits, etc. On the other hand, virtual bookkeepers like Mary Stefano at Perfect Balance Bookkeeping & Tax Services are simply paid for the time they work — no extra tax pay or benefits pay. This will also save you money on supplies and possible office space that an extra employee would require.
#2 Reduces Errors
Why not do your own bookkeeping? While this is an option, it is not normally a smart one. Unless you have extensive accounting and bookkeeping knowledge, it is highly possible that mistakes will be made that could cost you in your business. Hiring a virtual bookkeeper will ensure that your records are kept accurately and efficiently. Why stress over the possibility of making mistakes when you could hire a professional bookkeeper like Mary Stefano at Perfect Balance Bookkeeping & Tax Services?
#3 Prepares Taxes
Tax preparation is always a stressful task, but that stress is enhanced when it comes to filing business taxes for your small business. Much like your record and bookkeeping, small mistakes can be made in your taxes that could cost you money or a call from the IRS — neither of which are desired situations. Having a professional working alongside you that knows your financial standings and understands the flow of your business, will be able to prepare and file your taxes with ease — ensuring that you claim all available deductions and get the largest return possible.
#4 Provides Financial Stability
Whether you are just starting out with your small business or have been up and running for years, a virtual bookkeeper can be of assistance in your financial stability. Every successful small business starts with a solid business plan.
A virtual bookkeeper will not only help you create a financial plan that fits your business, but they will be there by your side to help you make better financial decisions and to track cash flow. Having someone that will keep all your sources of income in line as well as balancing the cash flow will ensure that your business is stable financially. Your virtual bookkeeper will do the dirty work for you and will provide updates regularly to keep you aware of any changes that need to be made.
#5 Gives You Time To Focus On Your Business
From financial statements and QuickBooks to taxes and record keeping, a virtual bookkeeper will take care of all your bookkeeping needs — allowing you to focus on other areas of your business such as the customers and employees. While all these bookkeeping items are vital to the success of your small business, your time and attention as the business owner are more valuable elsewhere. Leave the bookkeeping dirty work to the professionals by contacting Perfect Balance Bookkeeping & Tax Services and focus on the other essential areas of your small business!
Perfect Balance Bookkeeping
With over two decades of experience, Mary Stefano has extensive knowledge of bookkeeping and tax solutions to help your small business thrive. At Perfect Balance Bookkeeping & Tax Services, we offer free consultations that allow us to get to know each other better and to learn more about your small business. Once the needs have been identified within your business’ bookkeeping, Mary will customize a plan specifically for you. Contact us today to get started!