5 Tell Tale Signs That You Need a New Accountant

If you are a small business owner, you would know that having the right accountant is essential to the success of your business. They can save you money on taxes, help you take advantage of tax deductions, and grow your business. How do you know when it’s time to find a new accountant?

1.You Are Paying Way Too Much in Taxes

If you feel like you are paying too much in taxes, it may be time to find a new person to handle your books. A reputable person who holds the right experience can help you minimize your tax liability and maximize your deductions. If you are a self-employed entrepreneur, having a professional on your team from the get-go can also help you in numerous ways including setting up a retirement plan to save for your future.

2. You Are Not Seeing the Benefits of Tax Deductions

If you are not taking advantage of all the available tax deductions, you may be missing out on valuable savings. An experienced professional will help you identify deductions that you may be eligible for and help you maximize your tax savings.

3. You Are Getting Ready to Sell Your Business

If you are thinking about selling your business, then make sure your accountant is an expert in this area. They can help you maximize your profits and minimize your tax liability, help you negotiate the sale of your business, including handling all the paperwork involved in the sale.

4. You Are Not Seeing Year-Over-Year Growth

If your business is not growing at the rate you would like, it is definitely the time to replace your old accountant. A professional should help you identify areas of your business where you can cut costs and improve efficiency. They will assist you in finding new markets for your products or services, with scaling your business, while increasing your revenue at a steady pace.

5. You Feel Like You Are Spending Too Much Time on Bookkeeping and Accounting

If you feel like you are spending too much time on bookkeeping and accounting then you should  give yourself a break by hiring a specialist who can help you automate your bookkeeping and accounting processes. This will help you set up a system to track your expenses and income, allowing for easy compliance, transparency and access to your financial books.

If you're on the market for a new accountant then you've found us! Give us a call on (817) 238-1360 or drop as an email at info@alignedwealthadv.com to schedule your appointment today!