3. Tax Outsourcing
Like the above, you are too close to your business to do the taxes yourself. One little mistake can cost far more than the money “saved” by not getting an accountant to do them for you. Worse still, there are far more tasks to do than filing. This includes knowing the right tax forms, what to declare, payroll information, and so much more. Your accounting firm may also be able to save you money down the line by recommending certain tax credits, deductions, as well as a host of other invaluable information.