Furshine Consultancy

Here are 13 of the most important advantages of hiring an accountant who’s capable, experienced, and attuned to the needs of my business:

1. Save Time
Running my business day-to-day can easily consume all of my productive time as a business owner. It can be overwhelming to maintain complete oversight of my finances, especially if my company is larger than a one-person operation.

Hiring an accountant to manage my finances solves this problem. An accountant can handle money-related tasks faster than I can, especially if I don’t have the same kind of training they do.

2. Save Money
While you’ll have to pay a salary to an in-house accountant (or a fee for outside accounting services), they will end up saving you lots of money in the long run.

A seasoned small business accountant will be able to spot opportunities for savings, point out where money is being wasted or spent inefficiently, and advise you on cost-effective ways of managing inventory, payroll, and more in the long term.

3. Comply With Tax Laws
For smaller businesses, it can be tempting as the owner to try filling out all the tax forms and making payments yourself, without seeking advice. This is very risky, however. A lot can go wrong.

Hiring a Certified Public Accountant (CPA) is the way to go. A CPA is a professional who is especially qualified to ensure your business’s compliance with all tax laws, including obscure ones that business owners can easily miss. This will spare you from audits down the line — and save your business from unexpected penalties and legal trouble.

4. Maximize Tax Benefits
Aside from just heading off problems, a CPA can help you maximize tax benefits and claim all the deductions and credits your business is entitled to. They will also stay on top of the tax laws as they change, enabling them to scout out new opportunities for you to save on your tax bill.

5. More Focus On Running Your Business
One of the biggest benefits of hiring an accountant for a small business? Peace of mind. Having a competent accountant by your side enables you to focus more on ensuring smooth business operations and providing excellent customer service.

A big part of your accountant’s job will be to make sure your business is not hit with woes such as outsized tax liabilities, ballooning debts, and other money problems that will distract you from your daily management responsibilities.

6. Clarify Future Business Directions
A seasoned accountant will understand how to make revenue projections that take industry developments, as well as regional and national economic conditions, into account.

That means you’ll have more clarity on where your business is headed, what might affect your ability to sell and retain customers, and what changes you can make to position your business better in the marketplace.

7. Solidify Your Business Plan
If your business is still in the pre-launch stage, an accountant is one of several professionals who can help you put together a solid business plan. They’ll be able to advise you on what kinds of sales numbers you can achieve, helping you project your revenue over the next few months and years.

Your accountant will also give you a sense of necessary startup costs and investments and can show you how to keep functioning even in periods of reduced or negative cash flow.

8. Minimize the Risks of Business Activities
Every business needs to evolve to stay profitable, eventually. That means taking risky actions that have financial consequences, many of which are unforeseeable.

If you’re planning to make big moves, such as introducing a new product line, expanding into a new market, or investing in or acquiring another business, hiring an accountant makes sense. They can give you clarity on how that will affect your profit margins and scalability long term. They’ll also be able to warn you of any potential risks to your company’s value.

9. Correctly Value Your Commercial Property
Your commercial real estate is an important asset. You’ll want to factor your property into the overall value of your business and keep track of your property’s value as it fluctuates.

Hiring a Certified Public Accountant who understands fixed asset accounting can properly value your real estate while staying on top of factors that affect the numbers as time goes on. This way, you’ll always remain in the best position to negotiate with potential investors, and know how much commercial equity you can borrow against as needed.

10. Solidify Sales and Marketing Strategies
Your sales and marketing process will require you to spend money, whether it’s on tactics or hiring the right kind of help. It’s crucial to ensure these activities are producing a sustained ROI for your business and leading to higher profits overall.

Your accountant can play a huge role in making those assessments. Specifically, they can help you hone in on which sales and marketing strategies are contributing the most to your bottom line.

11. Get Personalized Business Advice, Recommendations, and Referrals
It can be hard to follow developments in your industry at all times.

An accountant with deep experience in your industry, however, can do just that. They’ll also likely come with a valuable professional network, as well as wisdom from the successes and failures of businesses like yours.

As a result, your accountant might be able to give you up-to-date advice that fits the unique needs of your business. On the other hand, when they can’t advise you directly on something, they can tap into their network and refer you to the right person.

12. Have an In-House Expert in Your Business
As your accountant gets familiar with your books, they’ll develop one-of-a-kind expertise on your venture. They’ll see the overall trends, opportunities, and threats. Their projections will gradually become more accurate.

This is one of the major advantages of keeping a great accountant on staff. They will grow right alongside your company and personnel, making their expertise as one of your team members increasingly valuable over time.

13. Ensure the Security of Financial and Other Sensitive Records
An experienced accountant will stay up to date with data protection standards, especially as the internet becomes increasingly essential to business and risks of exposure skyrocket.

That means they’ll be equipped to implement the right kind of cybersecurity systems and software, as well as ensure your company’s financial records, customer data, legal records, and other proprietary or sensitive business information stays safe.

This is especially true if you hire an accountant who has completed the Cybersecurity Maturity Model Certification (CMMC) or work with an accounting firm that specializes in making those kinds of assessments.

10 reasons why people say "I love my job"

1. Flexibility
A great employer understands that you have other things to take care of outside of work. By having a flexible start and end time, you can more easily make time for appointments, family obligations and personal matters. While a flexible schedule isn't possible for every type of career, you may want to consider going into a career that gives you more freedom.
2. Work-life balance
People also tend to love a job that’s easy to balance with their personal life. When you have the ability to unplug from work, you get a chance to recharge and unwind. Professionals who are always checking their email or answering phone calls on their personal time tend to experience burnout. When you have the chance to spend time with family and friends and pursue hobbies, you’ll feel ready to face a new workday.
3. Company culture
Whether you’re an introvert or extrovert, finding a work environment where you feel comfortable is key. When employers facilitate camaraderie through team-building activities and after-work events, they can help sociable coworkers build better relationships. Likewise, if you're introverted, you may prefer a company that gives you space to independently get your work done. Before choosing a job, consider what work environment will best suit your personality.
4. Great expectations
Employees can only get so much work done in a day, and a good employer or manager understands this. When you have a clear understanding of what you need to accomplish, you can enjoy a less stressful work environment. Having consistent expectations is also important, and good companies will outline what they expect of each employee.
5. Goal-oriented leadership
Leaders who encourage you to succeed may help you love your job. When you have specific goals, you tend to feel more driven and focused on your work. By having an employer who gives you the tools to reach your goals, you can soar to new heights in your career. Few things feel as good as reaching a goal you have been working toward accomplishing.
6. Fair pay
When you are fairly compensated for your work, you will feel valued by your employer. Good employers understand the importance of giving their employees regular raises and, if applicable, bonuses. They know that when an employee takes on more responsibility, they deserve to be compensated.
7. Quality benefits
Along with your base salary, getting good benefits is an important part of loving your career. Having full health care, dental, vision and disability coverage is majorly important. When your employer covers these things, they are significantly decreasing your monthly expenses. Having paid holidays, sick days and personal days is also a crucial part of feeling happy with work. Your employer should understand that you need paid time away every so often.
8. Open-door policy
Working in an environment where you can freely share your ideas is a great feeling. When you feel like your employer hears and sees you, you feel valued.

For this reason, getting feedback is an important part of loving your job. While praise is motivating, constructive criticism can also help you improve and advance in your career. Having a clear understanding of how you're performing at work is a good feeling. A major part of loving your job is being able to predict how your manager feels about your performance.
9. Room to grow
Nobody loves hitting a glass ceiling. When your employer invests in your future by reimbursing you for education, sending you to conferences or offering mentorship, you’ll feel groomed for the next level. When you see a future with your company, you may feel more driven in your role.
10. Challenging work
Finding work that interests and challenges you is an important part of loving your job. When you do the same tasks day after day, you may feel like you are ready for something new. When you get a variety of tasks and responsibilities that teach you something new, you may feel more engaged and fulfilled.

I want to be their own boss, having a passion for a particular product or service. I have always loved to read, something my mom instilled in us since we were little. When a local used bookstore opened, the owners/partners asked if I wanted to work for them. I said yes.I had lost a job I loved and worked at for 12 years due to the owner retiring and I wanted something better than seasonal work.

10 REASONS CLIENTS MIGHT CHOOSE

THE SOLUTION YOU PROVIDE
Every business solves a problem, when you understand what struggle you solve, and how that’s different to your competitors and others in the marketplace, you have a clear reason why clients choose you.

Not only should you be aware of the problem you solve, this should inform your business vision and mission.

It should be the basis of your marketing, and needs to be crystalised into a clear message you can quickly relate in the form of your unique selling proposition.

YOU HAVE A GOOD REPUTATION
In business, social proof and word of mouth marketing can be key to success. Often a customer will select you simply because they have heard about what you offer from friends or via testimonials online.

THEY CAN FIND YOU
Whether online or in the physical world, your business needs to be easy to find. Customers will often select a business that they can quickly Google, find information about or that’s conveniently positioned in a location they know.

YOU PROVIDE GREAT SERVICE
Good, consistent service creates brand loyalty. When customers know they can expect great service, they will return to you and select you over your competitors time and again.

THE PRICE IS RIGHT
Many customers will choose a business based on the price point of their products or services, but this doesn’t necessarily mean that business has to be the cheapest.

Often the customer will weigh the price point against other factors like quality, reputation and service as well, looking for a service or product that represents good value for the money they spend.

THEY TRUST YOU
People buy from people who they know, like and trust, which makes trust a key ingredient in any successful business.

When people trust you and your products or services, they return to your brand and tell their friends.

IT’S CONVENIENT
Some of the biggest businesses in the world have been built on the basis of convenience. If a customer can readily access your products and services at a time that suits them, this creates a point of difference.

Yes we Can provide Our services online or remotely.
Accounting work can encompass handling financial records and documentation, analyzing data, and helping to ensure the smooth financial operation of an organization—all duties that can be done remotely. Much of accounting work is digitized, which means it can be done online, often from anywhere.

Social distancing, while good for public health, is bad for small businesses. Foot traffic has dropped steeply since the coronavirus outbreak as more and more customers stay home and self-quarantine. Many business owners are worried that the impact of COVID-19 will be deeper and more long-lasting than anticipated. As a result, merchants in every industry are looking for ways to keep their customers during the coronavirus lockdown. Here are some tips to keep your employees and customers engaged from a distance.