401ks are often a mysterious thing, set off to the side without much care to it - especially if they are automatic contributions being made. Once it is set, you really never have to look it again...right? Unfortunately, that really is not the case. Planning for retirement is a continuous process, and leaving it for the last minute is really not the best idea.
CPAs are sophisticated professionals that have in-depth accounting and financial knowledge. However, they are generally not associated with hard hat construction firms. Building large projects with cement, steel and industrial machines do not go hand in hand with financial analysis. However, CPAs can make the difference between success and failure for a construction firm. There are a few important reasons.
When you start your own business, it's understandable that you want to save money by doing your own books. However, as your business grows, you realize that the accounting is getting more complicated. You may not know where to go from there. Throw the IRS into the equation, and you realize you may need outside help. By hiring a CPA, you will get much more than someone who just does your books.
There are often many challenges and headaches that come with running a small businesses, and finances are definitely one of them. Trying to keep tracking of expenses, costs and profits while also managing day-to-day operations. Having a CPA makes sense for a small business for many reasons, here are some of the reasons why: