How does accounting affect small companies? (512 hits)
Accountants do more than just prepare taxes and audit publicly listed companies. We also support small companies from entreprenuers to what we call mom and pop companies.
When a person first decide to start their own company they usually do it to make money and gain financial independence. But what happens when you make your first dollar and where do you go from there? An accoutant can help you realize the next steps. From helping you develop an investing plan so that your money begin to earn money without you doing a thing, to helping you determine how beneficial it would be for you to expand in other areas. We look at the financial impact of all decisions made and help you decide whether it will be finacially benefial for the short, long or interim term.
Do you realize that everything you do has a tax consequence? There are ways to reduce these costs and add value to your company without having to pay alot of money. In addition adding value will make you more accessible to consumers and increase your market perception which can increase your market percent.
Writing books, managing websites, blogging or selling services/merchandise are some of the recurrent themes on this board. All of these are a great way to earn extra money, create financial independence and spread your market base. There are special finanical benefits as well as traps that are inherent with each of these types of business lines.
Accountants are to companies what doctors are to people. We help the sick ones become better and keep the healthy ones from becoming sick, however we are not miracle workers so if you wait too late and dig yourself too deep you may limit or impair your ability to rebound or heal.
