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Serving, Kenmore, Bothell, Woodinville, Lake Forest Park, Shoreline,
Lynnwood, Brier and other cities in the greater North End area.

It may seem counterproductive to spend money on an accountant when you’re doing your best to hang on to every dime that you can. The truth of the matter is that a skilled accountant will help you save more money than you could handle on your own, essentially paying their own salary and more.

As with most business practices you need to spend money to make money, and hiring a professional accountant will guarantee you reap the rewards of your decision to make an accountant part of your financial success team.

Following are just a few reasons you should hire an experienced accountant.

Most business owners have trouble looking at their finances rationally. A professional accountant will keep emotions out of the equation and examine your earning and spending behaviors and help you come up with a budget that will help you save money without feeling deprived. At the same time, your accountant’s job is to ensure that you don’t spend more money than you make so they won’t sugar coat the facts when it comes to your budget.

The moment someone decides to go the self employment path, life as they know it may well change for the better; however your personal finances are definitely going to get more complicated. The number of variables, deadlines and unknowns to take into account are tremendous. Having a tax expert on your side to advise you along the way isn’t just a time saver; it will save you money as well.

Throughout the year you’ll have expenses that fall under write off or deduction categories, particularly when you own your business or you work on a contract or freelance basis. Your accountant will let you know what expenses fit into these categories, making sure that you’re saving money and claiming the right deductions. They’ll also save you time by making sure you’re not tracking expenses that you won’t be able to write off.

In spite of the numerous financial services that most professional accountant’s offer, the primary reason that most people hire an accountant is to help them do their taxes. The advantages of this move are obvious. A professional accountant more than likely will know a lot more about tax preparation than you as well as all the ins and outs of tax law. They will also help you pinpoint deductions that won’t get you flagged for an audit. More importantly, an experienced accountant will be able to come up with ways to lower the amount you owe the government and even help you come up with strategies that can actually get money back.

Long story short, not all savings come down to dollars and cents. Remember time is money and your time is better spent running your business and enjoying your life. So if you think about it, the amount of time that you’ll save by not having to do your own data entry and searching through page after page of confusing information on the IRS website, and filing taxes yourself, often missing that tiny detail that could have made you some money, you stand to save a good chunk of change by hiring a professional accountant.

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