If you’re like most people, trying to understand tax and accounting lingo is like trying to read Greek. You understand that you need help with certain things, but the words and terms rarely make sense.
When someone opts for client accounting services, this means they’ve decided to outsource most, if not all of their accounting to a professional. The services covered under client accounting include a variety of items, such as making periodic tax payments (ie: ensuring state, local and federal taxes are paid on time), ensuring your business is tax compliant, ensuring your payroll practices are compliant with state and federal law, and preparing after-the-fact financial statements. Other services such as bookkeeping, processing of accounts payable and accounts receivable, transaction processing and bill payment, may also be included.
However, the true scope of client accounting and advisory services is much broader. When you work with an accounting firm that provides this, the accountant you’re working with will customize their accounting practice for each business’ individualized needs.
The befits of client accounting and advisory services are numerous. For example, if you run a small to mid-sized business and you’re not ready to bring on a full-time accountant, client accounting and advisory services may be right for you. A second benefit relates to compliance. If you’re not quite sure how to file forms, pay taxes or you don’t have the time necessary to remain up to date with the latest changes in tax and payroll practices, opting for client accounting and advisory services is a very good choice. Last but not least, outsourcing your accounting services will let you get back to what you do best- namely—running your business.
Have questions? Call Hughes, Snell & Co., PA today
Hughes, Snell & Co., PA has been providing comprehensive financial services, including client accounting and advisory services, since 1974. Our team works closely with bankers, attorneys, and other types of professionals, and provides individualized solutions for their business’ needs.
We’re laser-focused on providing each of our clients with the highest quality customer satisfaction and customer care, that addresses their business’ financial matters.
For more information about how we can help you with financial reporting, tax preparation and planning, client accounting and advisory services, financial consulting and business planning, call Hughes, Snell & Co., PA today to get started. Our office is open Monday through Friday, 8am to 5:30pm, weekend and holidays excluded. What are you waiting for? Call us today to learn more.
