Every business benefits a superstar accountant, and the most competitive businesses hire accountants outside of tax season.
Accountants do more than keep you tax compliant: they identify your finances’ strengths and weaknesses through strategic audits. They are also valuable partners when you’re ready to grow.
Is a new accountant in your future? Here’s why you should think about accounting during the offseason.
You Have More Talent Options Outside of Tax Season
The period between January 1 to April 15 is every accountant’s version of the Superbowl. They’re incredibly busy, often unavailable for other work, and usually don’t have time to process change.
By hiring during the summer or autumn, you are more likely to tempt a stellar accountant away from their current role (and even grab a new grad to provide support).
You Need Support After Tax Season
Tax season may ramp up in the spring, but it’s never really over for many businesses. The combination of extensions, appeals, and auditing can mean you need an accountant all year. Plus, if you have had a haphazard accounting style in the past, the IRS may point out inconsistencies.
Having an account around when you get a letter or notification from the IRS can relieve stress and resolve issues before the end of the financial year.
You Want to Grow Your Business
Accountants do more than liaise with the IRS. They will also help you scale your business. Their help may come in the form of reducing your tax burden but also from their familiarity with both your financial position and the law.
Your accountant can also help you plan for the future by helping you:
- Plan inventory
- Grow your team
- Budget for investments
- Enter a new vertical
Experienced accountants are strategic partners, and you can benefit from their insights year-round.
Reap the Benefits of an Experienced Accountant
Accountants are experts in tax compliance, but they also offer so much more. They prevent small errors from becoming major issues, provide insight into your financial strategy, and present opportunities you might not otherwise see.
Are you ready to bring on a full-time accountant? Get in touch with SkyBridge Resources to learn more about our Professional Services specialty.