Three Reasons Why Your Small Business Needs a New Accountant

Small business owners are astute when hiring staff. Ideally, staff who generate revenue are worth hiring as they bring in money for their wages. Non- revenue-generating staff like finance professionals may not rank high on the list of priorities for a small business owner.

So, who does the accounts? Well, a handy excel spreadsheet where income and expenses are meticulously recorded. Or perhaps a free app online that allows tracking transactions and auto-generates invoices and receipts? These simple options may give the small business owner the impression that they have their ‘accounts’ on offer. However, true accounting does more than take information – it gives back information as well.

Accounting is an integral part of any profitable business. Can you imagine maintaining your health without breathing in oxygen? Oxygen is essential for survival and must be in the air you breathe. Similarly, an accountant is indispensable, regardless of the size of your business.

Here are three reasons to hire one for your small business.

Getting Finances Right as Early as Possible

Do you have independent business accounts? Are you aware of all the government regulations to abide by? Are your financial reports telling a story that can guide decision-making? You may be excellent at bookkeeping but an accountant looking at your books will ensure the numbers reveal the potential for business profitability.

To Handle Employee Affairs

Even with just a few employees, you need an accountant to handle their affairs professionally. This will ensure proper classification of workers as either independent contractors or full-time employees. The IRS needs these records to determine your business tax obligations.

An accountant will control payroll and payment processes, and ensure that 1099 and W-2 forms are sent on time.

To Ensure Your Budget Is Accurate

If you intend to maintain a successful business, it is essential to make informed financial decisions from the beginning. Your budget is critical to the running of your business. It will determine how much you will achieve within a specified period. Therefore, you must get it right and ensure there are no errors.

An accountant will analyze your budget to ensure it will work for the goals you have set, by being able to spot errors quickly and make essential changes.

Miriam Blednick

I am a small business owner and found this firm a few years ago and could not be happier. I was worried it might be hard to switch but after my initial meeting with the owner, Nneka, and her staff it was an easy decision. They are all amazing people. We have an unusual business model but it took them a very short time to understand because they asked questions and listened. Over the past three years, Nneka, has given me excellent advice that helped me make solid decisions for the business and for my personal retirement. If you need a CPA, they see all types of clients, I personally and professionally highly recommend them.

Seyi Oshikanlu

Nneka is knowledgeable, she listens and understands your goals and then makes a plan to achieve these with you. Many CPAs simply use software and are not ready to educate you on how to utilize the benefits you have. She is not a cookie cutter professional but one who cares, listens cos she has ears and then helps you achieve your goals! Thanks so much!

Maurer Co Retaining Walls

They have really helped us to keep on the right track!! We love our accountant!! They give us monthly financial statements and we have a standing monthly online meeting to go over our statements, ask any questions and plan for the future. Best accountant ever!!!

Cosmic Aureas

CPA Nneka Nwobi provided very valuable tax related recommendation which helped save thousands of dollars that would have to otherwise be paid to the IRS. Nneka is very professional and prompt in email communication. I am truly thankful to her and appreciate her for her knowledge and the valuable recommendations that she made on how to best approach my situation.

Romaine Washington

I received very valuable tax information from Nneka Nwobi. Making her services and tax questions available with no obligation is a lost art from any business owners today. I really appreciate her professionalism, knowledge and recommendations on how to best approach my text situation.

Anthony Okoye

Excellent service

Ron Campbell

Nneka Nwobi's response to my request for help in making some adjusting entries and correcting some accounting matters was EXCELLENT! I especially appreciated her showing me how to do it using Zoom screen sharing on my Quickbooks account as well as explaining the transactions. It is a pleasure working with her.

Redmond Bandy

This place is so professional, timely, and they pay attention to detail. Will be working with them forever. 10/10

Yasuo Matsuzawa

Great team at RCN and the team is efficient

Scott Korey

Everything you would look for in a CPA: professional, timely, and personal. I've been trusting them for years with tax preparation and love the confidence that engenders. Their service is a great value, as well.

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