Four Ways Our Accountant Can Help your Business

For business owners, every dollar counts. And in case you have no idea where you stand every month, you may lose presence before the end of the year. And although utilizing DIY accounting software can help in monitoring costs, the benefits of hiring an O’Dell & Company accountant extends more than just crunching figures. Possibly, our cpa fort collins can become the financial partner of your company for the long term with their knowledge of not just how you will finance your next investment and also how you will finance the education of your children. Before you hire one of our accountants, here are the fundamental areas of expertise in our practice.

Accounting and Record-Keeping

Although a lot of business owners prefer to manage their daily records, our accountants can help in setting up their accounting and bookkeeping systems as well as show them how to use such systems. An excellent system enables users to modify prices and assess profitability. Also, it allows business owners to monitor expenses, spot trends, decrease accounting fees necessary to produce tax returns and financial statements as well as track a budget.

Business Consulting

As our accountant Fort Collins has knowledge of your business environment, financial statements and tax situation, you can ask him to pull together all pieces and help you in creating a business plan as well as a personal financial plan. Also, our accountants provide advice on business issues such as expansion and insurance.

Auditing

Auditing is often required by banks as a loan condition. Auditing ranges from preparing financial statements to actual auditing where an accountant assures the accuracy of the information of a company.

Tax Advice

Our accountants can give advice in terms of tax planning and tax compliance. Planning is focused on minimizing overall tax burden while compliance on obeying tax laws.