# If you own a business, here are four reasons why you should hire a CPA.

Only 33% of small business owners have bookkeepers, according to a survey performed by Palo Alto Software. In addition, only 29% employ CPAs (Certified Public Accountants). CPAs, on the other hand, can be critical to your small business's success, not only while it's just getting started, but also when it's trying to stay afloat. Here are a few reasons why a CPA can be necessary for your small business.


## CPAs can help startups save money.

It's very important to contact with a CPA before starting a new business. It can be very costly to fix a firm that has been set up wrongly. A CPA may assist you in determining the legal structure of your company, such as whether you will operate as a corporation, limited liability company, or sole proprietor.

## CPAs are tax specialists.

Tax preparation and filing for a business will differ significantly from personal taxes, especially if you have workers or clients in other states. A CPA can help you prepare your business tax records, submit your return, and even provide you advice on how to lower your tax bill. A CPA will be aware of any tax changes and can function as a tax advisor.

## CPAs Provide a Wide Range of Services

CPAs are capable of more than just tax preparation. They can manage your general ledger, generate financial statements, provide monthly, quarterly, or annual bookkeeping, set up an accounting system, budget and forecast cash flow, and handle payroll for your company. They can also provide crucial financial guidance to start-up companies. Working with a single individual who can handle everything pays off. Are you looking for an accountant to help you with your business? Get in touch with [Accounting Firm Clifton NJ](https://unitedaccountingservices.com/cpa-tax-accountant-miami-fl) by going to their website.

## CPAs can assist you with major changes.

If you are considering a major change, such as a relocation, merger, business purchase, or closure, you should probably get advice from a CPA. Making such a significant shift might have tax ramifications for your company and even for you as an individual. CPAs are capable of analysing financial documents and verifying assets.