Below are a few benefits that Jennifer Smydra, CPA LLC can provide to help your business reach it’s maximum productivity.
Reduce expenses
As we become intimately familiar with your business. We may become aware of places where you can trim bloat and waste. Lower expenses translate to higher profits.
Boost income
We can help you optimize and regularize revenue stream by overseeing accounts receivable, improving debt collection and advising wise investments. We can also review market rates for your products or services, and adjust your prices up or down to maximize income.
Give you more time
You have enough to do without having to deal with the minutiae of taxes, compliance, payroll, insurance, leases and internal controls. You should be focusing on generating revenue, not signing checks or preparing financial statements. We can take over these important yet time-consuming operational tasks, giving you the time to extend your market reach, innovate products, manage change and create strategic partnerships.
Handle tax matters
When your business was small and lean, you may have been able to handle your own quarterly payments and annual filings. But as a company grows, taxes and payroll become much more complex, as there are more variables and applicable regulations — on a federal, state and local level. For organizations with an international presence, taxes become even more onerous. Tax accountants keep up with legislative changes and help an organization remain in compliance. With in-depth knowledge of how to maximize deductions and minimize tax bills, you save money. Hiring a good tax accountant can pay for itself many times over. What’s more, they’re at your side in case of an audit or dispute.
Track return on investment
Are you measuring your ROI on advertising dollars? If not, you should. An accountant can calculate the success rate of marketing campaigns by analyzing sales figures and number of new customers versus the total cost of outreach. With this knowledge, you won’t be throwing away money on efforts that result in little or no boost in profits.
