Do Bookkeepers Do Taxes?

It’s quite simple. Our team’s professional bookkeeping services can be utilized to make order in your past financial data and discover internal recordkeeping avenues that could use a well-implemented audit. Investors and banks will not touch your organization with a ten-foot pole as long as your finances are not transparent enough for a long-term mutually beneficial collaboration. What is the most detested word in the business lexicon? Risk. And in the business world, nobody wants to risk investing in the operations of an organization that may or may not face trouble with the IRS.

Do you want to use the services of a professional tax preparer and bookkeeper? Well, then you are in luck, as you ended up in the right place. Our bookkeeping and payroll services can be utilized to showcase your profitability metrics, improve your cash flow, make your outstanding debt more transparent and provide a clear view of your ongoing revenue. The thing is, external investors are not necessarily looking for operations that are free of unfavorable financial characteristics. That’s unrealistic and most external financial providers know it. Instead, what they are looking for is transparency, which is where our team can step in.

If you are a large-scale enterprise active at an international level, with an almost unlimited internal budget, then sure, creating an in-house accounting department will make sense. But labor costs are a burden for the vast majority of Texas SMEs, and more than likely, your venture is not an exception to the rule. Do you want to develop an internal team that will handle all your company’s financial recordkeeping? In that case, realistically, you should expect to pay at least $60,000 per year on a single bookkeeper, and that’s without accounting for the miscellaneous expenses associated with training and work supplies.

Using a rough estimate, creating an internal accounting team could end up being an annual investment of no less than $200,000. This is a lot, and more than likely, you do not have the budget to accommodate such wage demands. Outsourcing, however, converts these expenses into a more manageable but predictable monthly fee, which will end up being much more affordable than going for a full-scale internal bookkeeping department. With outsourced bookkeeping, you only pay for what you need and you don’t have to invest in expensive software and hardware that will be customized for your corporation’s workload.

With outsourced services, everything is already included in the monthly package you’re paying for, and the costs of this package will be assessed beforehand via a complete audit of your services. Outsourcing is a more viable option if you prioritize scalability, and it’s a way to access the expertise of industry professionals that realistically would not have otherwise been interested in collaborating with your firm via a conventional employment contract. Do you want your business to continue developing and your employees’ workload to be reduced? In that case, we are the right people for the job.