Whether you are a small business owner, freelancer, or self-employed, it can be pretty hard sometimes to handle your finances independently. Accounting softwares have significantly advanced to support companies everywhere with all their bookkeeping needs. Although software can help manage some parts of financial management, accounting software cannot replace the experience and expertise of trained CPAs. Here are some reasons why you should hire an accountant instead of relying on software.
Helps in an Audit
Even though accounting software will try to complete calculations accurately and look for errors, mistakes and fraud issues can still go undetected. Hiring a professional accountant to handle the auditing is an excellent idea to ensure the stability and security of your company. At Bowman & Company, we provide financial services to ensure compliance with government standards, verify reconciliations, and discover ways to improve various processes.
One of the biggest worries for employers and companies that do their bookkeeping is that they might be doing something wrong without even realizing it. Business accounts can be overwhelming, and financial issues are something everybody tries to avoid. An accountant provides you with a sense of security, where you can trust a professional to be sure that your business is following all legal regulations.
Because the tax filing process is so complicated, mistakes can easily happen, even while using a software. By hiring a CPA, your company can avoid overpaying or incurring fines. With the help of a professional, your business can be streamlined by making wise tax decisions. When consulting with Bowman & Company, we can help you determine the ideal financial decisions for your business, including proper forms for employees, inventory costing, determining entity structure, and more. We take care of the burden, so tax season is not overly stressful every year.
Accountants provide a valuable service just by giving personal financial advice for business decisions. A CPA can also be considered a financial advisor, as they can advise on what to do in difficult situations and how to benefit. With an accounting software, there will be some options for customization, but not in the same way that an accountant sitting face to face can. When we consult with you about financial management, we can truly get to know you and your business individually.
For over 30 years, Bowman & Company CPA has provided small businesses and individuals with comprehensive financial services, including bookkeeping, payroll, tax planning, and accounting services. Reach out today to learn more!
Contact Bowman & Company CPA Today
Bowman & Company CPA, PC provides all of our individual and small business customers with experienced, accurate, and affordable financial services. Our financial services aim at decreasing your taxes and increasing your net worth through responsible, timely, and accurate recordkeeping. We offer our services to clients throughout the Washington, D.C. metropolitan area including Maryland and Baltimore County, Columbia, and Howard County. For more information on our offerings, contact us online or call us at (410) 381-8121. You can also find us on Twitter, Linkedin, Facebook, and Youtube.