As a small business owner, you carry a lot of weight on your shoulders. Managing your legal and financial matters can prove to be a mammoth task without the help of a reliable team. Moreover, unorganized finances can lead you to pay more taxes than you need! But don’t worry, we have got you covered. With over 30 years of experience, CPA4IT can help you navigate through all of these tasks easily and efficiently.
Our experts can help you retain more of your hard earned money inside your corporation by devising tax strategies that help small business owners increase their net worth and decrease their financial stress.
Make sure to read the entire article to learn how a team of competent advisors can help you grow your business.
1. Accountant
It is always important to work with an accountant who specializes in your industry and understands the needs of small business owners. Here at CPA4IT, we specialize in offering a wide range of accounting, tax and advisory services to our clients. Our team of expert accountants can help you effectively read your books, translate raw data, identify areas of profit and loss, and most importantly – manage your tax liability. Make sure to click here and book a FREE consultation with our experts to discuss how we can help you generate wealth, and transform that wealth into a legacy.
2. Legal Advisors
It is imperative to retain a team of lawyers which specializes in asset ownership, best-choice business form, succession planning, contract review and employee-employer relationships. Establishing a relationship with your attorney is crucial in order to receive the most up to date information.
Tax laws change frequently therefore, it is important to hire a knowledgeable representative to ensure you don’t end up paying more tax than you need to. At CPA4IT we constantly stay up-to-date with the ever changing tax laws and regulations. Our expert accountants also attend and speak at some of the largest accounting conferences in the world to ensure that we are up to speed with the latest trends and technologies in the Cloud Accounting industry. Make sure to click here to visit our social media where we regularly share accounting and tax tips related to your industry.
3. A Financial Planner
A financial advisor can play an important role in your investment journey. Investors who work with an advisor have been shown to have almost 4 times the assets of investors who don’t work with an advisor over a 15-year period. And, despite the prevailing opinion that advisors only work with the wealthy, the majority of Canadian investors had investable assets of under $25,000 at the beginning of the advisory relationship.
According to the above mentioned statistics, managing your finances on your own can open your business up to a high potential for errors which could prove to be costly. With the help of our Cloud Accounting tools, we can take care of all your financial responsibilities.
We have partnered with QuickBooks Online and Dext Receipt Bank to help our clients run their business easily. These amazing Cloud Accounting tools help you to create invoices, accept payments, and organize receipts with just one click! Moreover, these tools also help you track, read and store your receipts and invoices on the go, so you can focus on what matters.
Don’t forget to click here and avail 40% off on QuickBooks by leveraging our whole sale prices.
4. A Personal Banker at your Financial Institution
Credit is the lifeblood of many businesses. It’s always important to develop a close relationship with your lender, who can help you access the cash flow you need, at the time that you need it, and at a favorable rate. In addition to issuing credit, many financial institutions frequently provide a wealth of other services at minimal or no charge. Regular contact with your financial institution can create new opportunities which can benefit your business.
5. An Insurance Broker
Upon retirement, or during a sabbatical from working, an insurance broker can help you and your spouse receive dividends of approximately $30,000 each from your company. And if you have no other personal income, the total $60,000 of dividend income can be received as personal income virtually tax free. Therefore, it is crucial to have an insurance broker in your team of advisors.
Ready to build your team?
Struggling to manage your business on your own? Don’t worry! CPA4IT has got your back. We provide our clients with top-class accounting services, financial planning, expense management, paralegal services, and much more. We have been helping small business owners defend their deductions since 1984 through our Audit Protection program.
Looking to learn more about our services? Make sure to click here and book a FREE consultation with our experts for more information and advice.
