Owning a small business is stressful; there is not enough time in the day to make all of the decisions you need to. Whether you are dealing with product suppliers and quality control or navigating the never-ending list of regulations from product quality to employee benefits, you need professionals on your side. Just as legal advice is vital to building a successful business, so is having trusted financial advice.
- Sound Financial Planning - Certified Public Accountants (CPAs) have created a living out of understanding the tax regulations of your state and local area, and have sought extensive education and credentials to back up that experience. Even now those at the federal level are discussing potential changes to business tax regulations (source: JS Online (Part of the USA Today Network)). It is the job of our CPAs to understand these changes so that your business is ready and adaptable.
- Tax Preparation and Payments - More complicated than your personal taxes, business taxes require more hours and experience to find the best solution for your company so you can avoid potential penalties and pay as few taxes as possible.
- Banking and Credit - Similar to your personal financial history, your business has a history and credit score, as well, and it is difficult to dig back out once you are in a dire situation. Our CPAs can assist you with navigating the banking and credit systems, and help you present your best self to your bank or other lending service.
- Contract Choices and Details - Just as legal regulations vary depending on the nature and wording of a contract with outside resources, so do the tax regulations and obligations. It is important to understand the differences and make sure you are choosing the best contract options for your company.
These are just a few of the ways that a CPA dedicated to understanding your business and industry can contribute to your overall success. We hope that you will trust one of our experienced CPAs here at Nguyen & Associates with your financial needs so that you can focus on being the creative entrepreneur and leader of your construction business!Ryan