Deciphering tax and accounting lingo can be hard- especially if you don’t work in the industry. In most cases, trying to decipher what the words mean can feel a bit as if you’re trying to read Greek.
For this blog post we wanted to help alleviate some of that and provide you with more information about what accounting and advisory services are.
Simply stated, when a business opts to hire someone with accounting services, they’ve decided to outsource some of their accounting tasks to a professional. These tasks can span everything from ensuring that the company’s payroll practices are compliant with state and federal law, that their state and federal taxes are paid on time, and that the organization’s financial statements are prepared correctly. Other types of services, such as processing accounts payable and accounts receivable (AP/AR), bookkeeping, and bill payment, can also be included. Accounting and advisory services are entirely customizable. For example, while Joe Smith’s company might need help with an expansive list of tasks, Jane Smith’s company might only need help with bookkeeping and tax preparation. The scope of the service can be tailored to each client’s individual needs.
Benefits of outsourcing
Accounting and advisory processes can be difficult to do if you’re not professionally trained. If you own a bakery, you’re likely far better in a kitchen than you are at navigating payroll software. At the same time, ensuring that your periodic tax payments are made correctly, and that your bookkeeping is up to date, is extremely important. Suffice to say, if you don’t have the budget to hire a full-time accountant, outsourcing these tasks, and working with a firm that specializes in helping clients with accounting and advisory services, may be right for you. Not only will this give you the peace of mind that comes with knowing these tasks are being handled correctly, but it will also allow you to get back to doing what you do best: i.e., running your business.
Call us today to learn how we can help
The licensed CPAs at Hughes, Snell, and Co., PA have decades of experience in helping clients with a wide scope of accounting and advisory services. We work with business owners in a variety of industries, including the legal and banking industries, among others, and we’re committed to providing our clients with the highest level of customer care and satisfaction.
Are you ready to learn more about the benefits of hiring a pro to help you with your accounting and advisory services? Call our office today to learn more.