Leading Florida Business CPA Pauline Ho Dispels Myths About Hiring A Company Accountant – Orlando, FL

Top accountant Pauline Ho founder of Orlando’s Laus Consulting Services LLC in Orlando, FL reveals how hiring the right accountant can be a fundamental asset to your business. For more information please visit https://lausconsult.com

Orlando, Florida, United States – October 28, 2022 —

Some business owners may consider doing it alone to balance their financial books due to misconceptions about hiring an accountant, as disclosed by Florida-based Business Accountant Pauline Ho.

For more information please visit https://lausconsult.com

The Founder of Laus Consulting Services LLC in Orlando took time out from her busy schedule to dispel several myths about accountants and how these wrongly held assumptions could be holding back the potential of a business.

Ho said that one widely held myth in the business community was that accountants were only ever commissioned to deal with taxes. “Taxes are not the be-all and end-all of an accountant. They have a number of responsibilities to fulfill in a business from auditing to payroll issues, business planning, and keeping an owner abreast of changing financial regulations.”

Another misconception is that accountants aren’t relevant or essential to a small business owner. Yet that couldn’t be further from the truth as they are often influential or pivotal in a business’s future success.

“That myth may contribute to business owners believing they can handle the financial side of the business themselves. But it can take them away from the very thing of running the business,” Ho commented.

“Business owners often find that they can do much more, and their company is much better run with an accountant on board. Accountants have the knowledge and training to address tax and other financial issues and provide business owners with vital information on their business performance.”

Ho said accountants could often ‘see’ where financial problems may lie in a failing business and can review expenses and overheads to provide owners with a better insight into their company’s performance and cost management.

Another commonly-held but misleading claim is that small businesses don’t need an accountant as it is an added expense. Often hiring an accountant is the best thing that could happen to a business, and the cost of one is outweighed by the expertise they bring in guiding a company to a more significant turnover.

“An accountant can often guide a business owner on budget projection, collecting invoices, project accounting, expense analysis, helping to improve the financial health of a business.”

Another misconception is that accounting is nothing more than bookkeeping, bookkeeping is keeping a record of revenue and expenses and is just one critical element of accounting. However, accountancy is analyzing financial data, understanding the bookkeeping element, and projecting what those finances will look like.

Ho concluded: “Rather than believe the myths and struggle alone, business owners should seek out accountants and find out what they can do. They may be surprised to learn that accountants can do far more good for a business than an owner may give them credit for.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com

Release ID: 89083587

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