In order to protect your business and allow it to grow, you will need to do all you can to handle things like your payroll, general accounting and business liabilities. These financial matters are crucial, whether you own a two-person shop or a Fortune 500 corporation. To put your business in the most favorable position to succeed, follow the guidelines laid out below and hire the service of these professionals.
Tip #1: Consider your payroll needs and be meticulous about the service you receive
Payroll is an area of your company that you will never want to half step with. Your employees are the most important asset in your business, so avoid mistakes with paying them by hiring professional payroll contractors. You can do this by investing in payroll software, or bringing in a payroll services company to help you full-time. Make sure to ask about their practices and familiarize yourself with the platform they use, so that you can keep diligent records and retain your peace of mind. Interview a few different payroll services companies before making your decision. The cost of payroll services can range between $20 per month and $100 per month – so always do your homework.
Tip #2: Bring in a CPA
Hiring a certified public accountant allows you to set an incredibly solid financial foundation for your business. These professionals will be the cornerstone of these matters and can provide a lot of relief within your company. Speak to a few accountants and gauge their experience not only with general services, but the type of company you operate. You should also get service breakdowns to know how much hiring them will cost you. Bring on a CPA might cost somewhere between $150 per hour and $400 per hour.
Tip #3: Cover your financial legal needs
Finally, be certain to protect your business from financial liabilities by hiring business attorneys. When you build your business on legal mistakes, you only open yourself up to further financial liabilities. Bringing a financial legal professional on either an hourly or retainer basis will be an excellent investment. This type of legal service might cost you between $350 per hour and $800 per hour, while retainer rates vary based on the company and the type of service that you require.
Start with these three tips and contact the many different professionals who might be able to lend you their services.
Share1 June 2017
