Top CPA Pauline Ho Urges Small Businesses To Engage With Accountants And Avoid Financial Nightmares – Orlando, FL

Leading accountant Pauline Ho founder of Orlando’s Laus Consulting Services LLC in Orlando, FL reveals why hiring an accountant has multiple advantages. For more information please visit https://lausconsult.com

Orlando, Florida, United States – April 24, 2023 —

Small business owners can avoid financial chaos and aspire to bigger things by recruiting a trained accountant, leading Certified Public Accountant Pauline Ho disclosed this week.

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

Too many entrepreneurs attempt to wear too many hats to keep their businesses on track – and the most significant challenge they face is managing the accounts. Rather than be tied to juggling the books, they should be investing their time better in the business.

Ho, head accountant at Laus Consulting in Orlando, FL, said an accountant could help a small business owner avoid accounting headaches. “Many small business owners might not consider hiring an accountant to handle their finances and bookkeeping. However, if they are not well-versed in the complex world of accounting, they could face several challenges.”

Accountants can act beyond merely trying to balance the books and, in many cases, can suggest how a business can run more efficiently, said Ho.

She added: “One of the most important things an accountant can offer in a company’s early stages is selecting the most appropriate business structure. Deciding whether a business should be a partnership, sole proprietorship, or LLC should be customized to the owner’s goals and plans, and can have long-lasting financial benefits.”

Not having the correct business structure could limit a company’s ability to maintain cash flow and restrict opportunities to expand profit margins in the long run.

She said: “Accountants can advise on the best accounting software to use and guide employees on how to track daily business expenses. An efficient accounting system makes filling tax forms easier and quicker and takes a huge burden off the shoulders of business owners.”

Accountants can also collect and submit taxes to the IRS, ensuring the business remains tax compliant and avoids audits or penalties. “Having an accountant as part of your team,” she said, “will ensure you meet tax deadlines, such as sending out W2 and 1099 forms to the right employees.”

Ho said: “Accountants can advise entrepreneurs on current cash flow patterns, pricing products and services, and inventory management. They can also guide businesses on growth potential if an owner is contemplating expansion. The aim is to enable owners to make informed decisions about the future of their business.”

She concluded: “Accountants should be seen as more than just dealing with a business’s finances; they can have a positive impact in many areas for a company’s wider financial health.”

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: 89095622

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