Q: What is the difference between accounting and bookkeeping?
A: Accounting involves analyzing, interpreting, and summarizing financial data, while bookkeeping is the process of recording financial transactions. While they are related, accounting involves a higher level of analysis and interpretation than bookkeeping.
Q: Do I need to hire an accountant if I have a small business?
A: It’s not necessary to hire an accountant for a small business, but it can be helpful. An accountant can help with bookkeeping, tax preparation, financial planning, and other financial matters. While running a business it’s difficult to handle these tasks on your own, hiring a professional accountant can be a good investment.
Q: How can business advisory services help my business?
A: Business advisory services can help your business in many ways, including by providing strategic planning, financial analysis, performance management, and other services that can help you identify areas for improvement and take advantage of opportunities for growth.
Q: How much should I expect to pay for accounting services?
A: The cost of accounting services can vary depending on the scope of services you need, the complexity of your financial situation, and other factors. It’s best to consult with an accountant to get a better idea of what you can expect to pay based on your specific needs.
Q: How do I know if I need to file a tax return for my small business?
A: Whether or not you need to file a tax return for your small business depends on a variety of factors, including your business structure, income, and expenses. It’s best to consult with a professional accountant to determine your specific tax obligations.
Q: Why did you hire us?
A: Our team of experts is dedicated to helping you manage your business advisory, accounting & finances efficiently and accurately, so you can focus on what you do best – running and growing your business.