Small Business Taxes Vs. Bookkeeping (and How You Can Benefit From Both)

While some business owners are accounting experts, others prefer to flex their creative muscles instead- or simply don’t have time time to track their business’ finances on top of all of their other responsibilities. Some companies will do their bookkeeping in house and outsource their taxes, while others outsource their day to day bookkeeping, but not their taxes. What’s the difference between tax accounting and bookkeeping? Is there a benefit to choosing one versus the other or both? If you’re a small business owner interested in streamlining your financial operations, consider the benefits of outsources multiple branches of your financial operations to minimize headache and maximize results.

What specific services are involved with Small Business Accounting?

When you outsource your business’ accounting to Clear Accounting Solutions, you’re choosing a team who can help you grow your profit margins, increase cash flow, and build your company. Some services you’ll benefit from:

  • Cash flow management: Managing your cash, understanding your cash flow cycles, and maximizing your use of credit when necessary
  • Bank financing: Selecting the right lender and getting the capital to grow your business
  • Internal controls: Allocating resources within your company and reducing financial risk
  • Litigation support: If you’re dealing with the possibility of litigation, our CPA’s are ready to help you win your case
  • Audits, Reviews, Compilations: We’ll help you verify your financial statements and provide the level of service that most benefits your business
  • Non-Profit Accounting: We know the ins and outs of nonprofit accounting, and we can help you help your cause

What services are involved with Small Business Taxes?

Tax accounting can get complicated. When you choose Clear Accounting Solutions, you’ll work with a team that will get you the most value and mitigate risk of audits and other complications. We can help you navigate planning, preparation, and filing of your taxes. We can help you prepare for an IRS audit, Non-filed tax returns, payroll tax problems and more. When you choose a professional to do these services, your putting them in the hands of people who know the ins and outs of taxes. That means we’ll worry about keeping your finances in order so you don’t have to.

How can I benefit from outsourcing both my Small Business Taxes AND accounting?

When you outsource your small business’ accounting, you reap a number of benefits including saving time, benefit from top notch technology, and get full time expertise without hiring a full time accountant. When you outsource your small business accounting, professionals deal with the specificities of your taxes so you don’t have to. You work with a team who is familiar with the system and has seen a myriad of situations arise. When you outsource both, you’re further benefitting from professional expertise, the best technology and tools, and wealth of knowledge, without having to fund a full time person on your staff. That means you’ll have your finances taken care of and in the hands of knowledgeable professionals, so you can spend your time running your business.

Whatever type of business you run, it’s important to keep your accounting and taxes in line to ensure your finances are running smoothly. If you’re interested in learning more about our Small Business Taxes and Accounting services or see how your business can benefit from both, visit our website today!