Analysis which permits you to decide whether to expand, reduce, or eliminate activities. Preparation of income tax returns and other government reports. This includes sales tax reporting, local business license renewals, and tangible personal property tax returns. If you have employees, there are additional reports you must prepare. Comparison of insurance costs to benefits received, and recommendation of appropriate action.
Some businessmen feel that they can do their own accounting work.
An accountant may be certified or non-certified, and may be an employee of the company or of an outside firm. Accountants without the CPA designation may be just as qualified, particularly if they are members of the National Society of Public Accountants. But keep in mind that only a CPA not employed by the business may prepare certified financial statements, so even if your business has its own accountant, you may still need the services of an outside accounting firm. Sources of Help Accountants come in many specialties and levels of proficiency. To select one, first determine what services you need.