When you run your own company, you might be wondering how to find ways to save money says Aron Govil.
If so, here are some helpful tips for companies looking for an outsourced accountant:
1. You don’t need an in-house accountant –
One of the biggest mistakes that many small businesses make is that they assume that every business needs its own full-time accountant on staff. This isn’t always true, however; with things like the Internet and cloud computing, there are more options than ever before for finding professional accountants who can work remotely or online. The benefits? You’ll save money by not having to provide benefits or pay them a salary, and you won’t have to worry about investing heavily in equipment.
2. Different types of outsourced accountants –
As mentioned, some companies want to work with full-time accountants who will always be available at all hours of the day and night. Others prefer a more casual relationship, where they simply hire an accountant for certain projects as needed. If you’re working with a small company that does most of its business online, hiring a virtual assistant accountant might be another great idea.
3. Consider using a payroll services company –
Outsourcing your payroll is not only going to save you money in the long run, but it can provide you with tax benefits as well? Using a professional outsourced accountant is one of the most effective ways to reduce your liability, so if you have been struggling with this kind of thing, making the switch will be like night and day.
4. Don’t make them sign a non-compete agreement –
Many companies are afraid of hiring an outsourced accountant because they worry about confidentiality; however, most accountants can sign a non-compete agreement if it means more business for them. Even if you end up firing your accountant or switching to another company down the road, that’s not likely to matter much in the long run since there is usually no need for any special agreements; it’s just business says Aron Govil.
5. Keep all communication in writing –
Another great idea is to keep all forms of communication between you and your outsourced account in writing only so there is nothing lost in translation later. This includes all phone calls, emails, faxes and snail mails. That way, you have an actual paper trail in case of a misunderstanding or if the company decides to go behind your back for some reason.
Now that you know a little more about outsourcing accountants, perhaps this is something you would be interested in researching further. If so, good luck!
What is an outsourced accountant?
Outsourcing your accounting is a great way to save money and hire professionals without having to make the investment in another full-time employee. Outsourced accountants can provide you with a number of benefits, such as more affordable services, greater convenience and less liability.
Why would I want to go with an outsourced accountant instead of someone local?
The best part about outsourcing your accounting is that you’ll get more for your money than if you went with someone local; this includes far lower prices than what most people pay on an annual basis these days. You’ll also have access to accountants who are highly qualified and experienced in all kinds of different areas of expertise explains Aron Govil.
What’s not to like?
For a lot of companies, there really isn’t anything to dislike about hiring an outsourced accountant. They can save you a ton of money while providing you with a wide range of benefits and services that you simply won’t find elsewhere.
What is the difference between a virtual assistant accountant and a regular accountant?
Although both virtual accountants and traditional accountants have their pros and cons. It’s important to note that virtual accounting is growing in popularity all the time. For example, not only does this mean less expensive fees. But also more convenient for customers since they don’t have to worry about driving or commuting. Also, most professionals who work from home will be happy to sign a non-compete agreement. So they can’t share any information about your company with competitors.
How do I know if I should hire a professional or not?
If you’re struggling with taxes, payroll issues, or dealing with any other kind of accounting problem that is getting in the way of what you really need to be doing as an entrepreneur. Then it might be time to consider hiring an accountant who can take all of this off your hands so you can focus on what’s important – growing your business!
Aron Govil says outsourced accountants can help you save money. And provide a wide range of benefits and services that you simply won’t find elsewhere. For the best results, it’s recommended to keep all forms of communication. Between you and your outsourced accountant in writing so there is nothing lost in translation later on. This includes anything from phone calls to emails and faxes.