No matter whether you are starting a new venture or need help with an existing business, you cannot escape the need to hire a CPA. In Florida, most businesses either choose to engage an in-house CPA or outsource their requirements to a full-service firm. If you are wondering why outsourcing the work to a Lake Mary, FL CPA makes sense; we have enlisted five reasons that will make a point.

  1. Get help beyond bookkeeping. If you are wondering what advantage you would have by hiring a firm over an in-house bookkeeper, you should know that most of these firms do more than just bookkeeping. From installing QuickBooks to making financial statements, analyzing data, and cash flow management, to payroll, tax planning, and tax preparation, your CPA will do it all.
  2. Expand on profitability and growth. Because CPAs working with many firms have more exposure and experience, they can help you achieve profitability and growth. They can offer their insights on budgeting, expansions, investments, and every aspect that concern your business finances.
  3. Keep up with compliance. Depending on the sector, your business must keep up with regulatory compliance, and keeping a tab on evolving federal and state laws is no easy task. You need to consider hiring a CPA who can ensure that the work is done on time and without the added pressure of managing an accounting team.
  4. Save huge on the costs. Since the CPA is working on a retainer or fee basis, they are more likely to take your work seriously. Also, they know what it takes to handle many projects at once, which allows you more scope to make decisions. The cost of hiring an in-house CPA can be a lot more and may not be a feasible decision for many smaller businesses. Not to forget, your team can save considerable time.
  5. Get help around the year. Many accounting professionals go MIA after the tax season is over. With a reliable firm at the job, you know that experts are just a call away and would be around to offer help with accounting and financial matters as and when required. While an in-house CPA may do the same, they would also charge more and cannot compare to the experience of a team of experts.

Don’t wait for the tax season to hire a CPA. You need one at the earliest, especially before you make key decisions.