It doesn’t make sense to just let your business finances run without a clear financial strategy. Luck and chance don’t have any place in business. Yet many business owners take this “hands-off” approach, leaving their business financials in the hands of bookkeepers or managers. In fact, bookkeepers don’t automatically know anything about financial strategy. Their training is in keeping the books and maintaining clear and accurate records—that’s all. Managers are trained in handling people and situations, not financial strategizing. So who is taking care of your business’s financial strategy? Here’s how to find help.
Consult With a Business Financial Expert
The first order of business is to make an appointment for financial consulting with an expert. A business financial consultant will be able to look over your taxes and financial records and discuss strategies for you to meet your business goals. They can also help you maximize your business tax deductions and clarify questions you and your bookkeeper might have about how to handle certain accounting situations to make end-of-year tax returns easier and more beneficial to your business.
What to Look for in a Business Financial Expert
To find a business financial expert who suits your needs, look for one with experience in your area of business. You should look for one who can handle your size of business as well as one who can offer insights into financial strategies that will better serve your business in the future. It’s also a big benefit if you have a business financial expert on your side who has auditing experience, like Larry Turner, CPA. This type of experience is huge because your financial advisor will know exactly what auditors look for and what they like to see—and don’t like to see—in your business financials. This will go a long way toward keeping your business out of trouble with the IRS.
What Services Do Business Financial Experts Offer?
Business financial experts offer an array of valuable services for business owners. For one thing, you will get insights into ways you can improve your financial processes. From money you take in to money you spend, every nuance of your financial transactions will be carefully mapped out so any inefficiencies and errors can be illuminated. You will also get a financial plan that will help guide your business financial goals for the next three years. This will help keep your business on track to grow with your expectations. There are many more services you can avail yourself of when you opt to find help for a better financial strategy for your business. Contact Larry Turner, CPA, to learn all the ways you can improve your business financial situation.