You Need to Ditch Your Full-Time Accounting Staff for an Accounting Firm

Published on: 05 November 2018 Last Updated on: 02 March 2020

You have a full-time accountant for your small business because you know you are incapable of managing every detail alone. Since you have a small business, you prioritise the tasks that are essential to keep your business running. Accounting is one of them. You need to submit tax reports to the government and be in compliance with the law. You also need to know your financial status. Having someone working on all these documents full-time would help take a burden off your shoulders.

An alternative to full-time employees doing it is hiring an accounting firm. They can perform the same services. Some signs will tell you that ditching your full-time employee for the services of an accounting firm is the right choice, for example:

Cutting expenses:

If your business did not take off as well as you would have hoped, you need to reduce expenses where you can. Letting go of staff that you are regularly paying each month is a practical idea. With accounting firms, you will pay them depending on the project. If you don’t need their services, you don’t need to pay them. You will save a lot with this strategy.

Your employee is no longer performing well:

The problem when you have a small business is that you also have a few employees, and you treat each other like a family. However, if one of them is not performing well, firing that person is a challenge. You need to evaluate your employees how other companies do it. If your accountant always commits mistakes or has issues when submitting the requirements on time, the best option at this point is to let go of that employee. You are better off with an accounting firm that also has experts in accounting.

You need more than accounting services:

Accountants working for you full-time can only provide accounting services. This person already has a lot on their plate; too much to offer other services beyond accounting. With an accounting firm, you can ask for other services like payroll, financial management, financial advice, and many others. The other option is for you to hire more accountants, but it would be impractical.

Your company is getting bigger:

You can assess the direction of your company. If you are growing, or you plan to expand soon, you can’t afford only to have one accountant dealing with several accounts. It will take too much time to finish everything. There might also be lots of mistakes. You can either form an accounting department. Between these options, outsourcing would be the more practical choice.

If you can’t let go of your employee, you can still outsource the accounting tasks. You can transfer the said employee to a different job where you think you can still make the most of their skills. Set up a meeting with an accounting firm and work out the details of your partnership.

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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Must-Have Accessories For The Modern Businessman

The tech revolution has brought with it a revolution in business dress codes. No longer does a tailored suit necessarily signify competence. In fact, were your tech guru to turn up in a shirt, tie and suit you’d probably feel very anxious that this person wasn’t the real deal. That said, that's ok in a Silicon Valley boardroom won’t necessarily go down well in the office of a New York financial advisor. The old dictum that ‘The more you deal with a client’s money, the more conservatively you should be dressed, ’still carries some weight. Dress codes are crucial, they are subtle, shifting communicators. Get them right and your client will feel confident in your competence, get them wrong and an impeccable pitch may leave your client with niggling doubts. Accessories are an important part of your appearance and the impression that you make: they have a practical function but are also objects which signify style and quality and reassure your client that you are successful and have good judgment. Times change and our times change fast and that’s why a touch of tradition is so reassuring. So, here’s a mix of old and new which will serve you well. An understated watch of quality It’s old fashioned technology, but so is the wheel. You’ve got the time on your phone and your tablet, but a watch remains the most convenient way to track time and when you are running to a tight schedule it is a crucial accessory. It is of course far more than a practical tool, it’s a stylish and attractive adornment. The simpler the better, a slim body and a clean face, uncluttered by knobs and dials. A diver’s watch is great for divers but not for the boardroom. A watch can also signify affluence, if you are wearing a Rolex, it is a clear indicator of both taste and affluence. That doesn’t mean that you need to spend thousands on a wristwatch, there plenty of great stylish watches out there for under $200 such as the Daniel Wellington Classic Cornwall or the Skagen Ancher. A Quality Pen There will be times when a pen is required and when an important document is being signed how could you possibly use anything other than a quality pen. A fountain pen is a wonderful thing but it’s for personal use and there’s always the risk of ink where you don’t want it, so a quality ball pen is an obvious choice. The Montblanc is unquestionably the Rolls Royce of pens but there are plenty of other pens which are pleasing to look at and a pleasure to use. Understated cuff links and a leather belt Details matter and although these accessories may only be glimpsed by your client, they speak volumes about your style and good taste. A Leather Bag The rise of veganism might persuade you that you should opt for some alternative fabric but if you are concerned about the environment then a leather bag, which will last a lifetime, is a better choice than synthetic material, full of toxic chemicals, which will need replacing in a few years. A leather bag is a thing of beauty and a practical and reliable accessory. A briefcase is unwieldy and outmoded, much better to go for something which allows you to be hands-free, such as the Messenger bags or Satchels from MAHI, both of which are big enough to take your laptop, electronics accessories and paperwork. A satchel or messenger bag also works well as a weekend bag or cabin bag, so they are great for those short notice trips. A Business Card Remember that scene from ‘American Psycho’ where the Christian Bale character reveals his new super stylish business card? Well despite a world of cyber-everything here’s a traditional business accessory that still has its place. A stylish small card is more memorable than a note on a phone or an email. There’s an important moment of human interaction when you hand that card over and the fact that it’s a physical experience makes it more memorable. Do not produce your card from the depths of some scatty, stuffed billfold but from a slim leather wallet. A Lint Roller Your presentation was outstanding, but all your client noticed were the fibers on your suit. A lint roller tucked away in that Messenger bag means that you can give yourself a quick once over and feel confident that you are spick and span. Dopp Kit In a global marketplace, travel has become part of a businessman’s working life. Trips abroad are often short and at short notice, so you need to be ready to travel at any time. A Dopp kit which you keep packed and ready to go means that you’ve only got one object to remember, instead of arriving at your hotel to discover that you haven’t packed a razor. A Dopp kit enables you to keep all your toiletries in one place and is a compact and convenient storage accessory. Electronics Organiser It’s undignified and unprofessional to be seen to be scrabbling about in your bag for a lead or a charger while everyone waits for your presentation. Make sure that you know where everything is by storing it in an electronics organizer, that way you won’t leave anything behind, and you’ll know exactly where everything is. Portable Charger Flat batteries have put pay to many a promising presentation. Can you really be trusted with a client’s account if you can’t manage to charge your laptop? A portable charger can be used on the go and buys you invaluable peace of mind. Compact Smart Projector Problem with the projector? Be the one who’s prepared and pick up instant brownie points by plucking a compact smart projector from your bag. It’ll interface with your phone or tablet and project straight onto a blank wall. New tech, which you know how to use, and which solves a problem neatly is a great way to convince clients that they are in safe hands. Read Also: Components Of A Successful Business Function Tips To Hiring Accounting Firms Rochester NY For Your Business

Business

3 Things to Consider When Designing a Company Logo for Your Business

A logo has a significant impact on your customer’s perception of your brand. Careful consideration in its design is therefore necessary. You will want to make your logo outstanding and aesthetically pleasing, but you will also want it to bear your company values. 3 Things to Consider When Designing a Company Logo for Your Business From brainstorming your logo to putting in the design choices, there are things you could put into consideration for the process: 1. Logo Identity that Makes You Unique: The first impression lasts, brainstorming and a good business plan is required when starting a business. Coming up with a business logo and proceeding with an advertisement plan are also both critical processes to consider when designing the logo. Your design and the elements you will include in your logo will have to be viable across platforms. In this respect, you have to carefully and creatively curate your logo identity. You will need to design a logo to be different. You will have to be unique. You can’t compete unless you offer something different but useful. Therefore, make it a point to gather the strength, weaknesses and overall impact of your logo. While you do it, try to identify your competitors in the market too and learn from them. It would be a mistake not to try to get to know the field. Differentiate your logo design from the rest of the businesses in the market or similar pool. From there, realize your impact and compete. 2. Finding a great Designer: A strong logo and branding should couple with great advertising. Start building your dreams by finding a great graphic designer than risking the design on your own. The creation of a logo is just one part it, essential to your plan is to be able to publicize and share it- make it known. In this respect, you should also have the prospect to promote your logo and spread the word about your business through advertising materials. There are lots of options to go for, but for a start, put up signage where you could put up your logo and make it known. Signages will pique the curiosity of your customers, ShieldCo Metal Displays, for instance, will interest them to try out your products or services. Investing in the right advertising is essential as you will be communicating the goals and qualities of your company. Entrusting your design to a team that could guarantee you a good plan will ease you the burden of having to revamp it again should it not work out in the long run, or if it fails to live up to the expectations of the market or that of your promises. Get expert opinions from advertising providers out there or get the services of freelance designers who could give you just the idea of how to work things out with the design. 3. The flexibility of your Company Logo and Design: Your logo must be able to articulate the meaning and logic behind it. It has to convey the symbol and deeper elements in it such as the value, a touch of origins, etc. It must be able to communicate the image of your company. You wouldn’t want to spend so much time trying to explain to your company why your logo appears in a certain way. Your brand strategy must be able to do its way for you. Your visual representation, therefore, must be concise and should describe your brand as a whole. Making your customers continue guessing the purpose it serves is not just a sign of a lousy advertising and marketing but also a bad logo design. Make it a point for your logo to be flexible and instead of complicated or difficult to comprehend will garner more customers. Let your logo be ready to make its way to the big market. Make it marketable. It should be able to blend into different fabrics or materials for advertising, and it should go along with digital advertising, it should be able to translate its presence online. In this case, the design of your logo should also be appropriate for the format online. For example, do not go for a too-tall vertical logo as it would appear inappropriate in the context of web-based business. Conclusion A logo distinguishes a specific company or product and essential to it is the scalability of the logo, its elements, and the branding. Make it the visual image that will distinguish your business in the market by curating it uniquely, dedicatedly, and resourcefully. Read Also: How To Design An Effective Company Website Tips On Building Your Resume For A Website Design Company

Five Ways an Employee Recognition Can Help Employees Perform Better

If you've been paying close attention to the world today, then you probably notice a shift and the way workplaces are doing things. Largely due to the fallout of the covenant, organizations had to adapt to changes in the way human resources are performed, changes in the way business are done, and deal with issues like the supply chain or employee retention problems. There are many factors that play a role in this, but one of them is not recognizing or encouraging employees. People who work in teams want to receive constructive feedback and recognition for a job well done. It's just part of being human. That's where an employee recognition program can really come in handy. Employee recognition can help employees perform better and ultimately create success for the business. In this article, we'll go over five ways an employee recognition program can be beneficial for your business. Check it out below. 5 Employee Recognition Can Help Employees Perform Better 1. Performance Management One way an employee recognition award program can help your staff is by helping them work within a model of performance management. Instead of receiving an evaluation or performance review every six months to a year, performance management works on a continuous basis. As part of an overall employee recognition platform, continuous performance management can help coach, train, and develop talent as they work throughout the organization. In continuous performance management, employees receive coaching and development regularly. It's usually accomplished through a platform that allows for performance reviews, counseling, rewards, and even termination if that's necessary. It's a comprehensive system that can help develop talent and retain them instead of forcing them to deal with performance review bias, performance issues, and a lack of direction from their management. 2. Regular (360 Degree) Feedback Feedback can take all shapes and forms. But 360-degree feedback is probably one of the most comprehensive and best ways to provide feedback to a team. In this model of feedback, instead of receiving feedback once in a while, you get feedback regularly from everyone who works with you. This might be somebody who is a direct report, your supervisor, a coworker, or anyone within the organization that works with you regularly. The idea behind this is to get a comprehensive overview of your strengths, and weaknesses, where you're doing high-quality work, and where some work might be needed. In this model, employees can work together and create camaraderie instead of just getting feedback when a goal gets accomplished. It has to be done in a continuous and professional manner in order to be effective. But, if you get it right, 360-degree feedback can be a boon to employees across the organization. 3. Learning Management Systems Deep down, employees want to learn and grow with their company. Most people don't want to stagnate or be left behind when things change within their industry. It's important to build up soft skills and skills related to the industry throughout their tenure with the company. One thing that managers can do during check-ins and meetings is to follow up on skill assessments and learning goals to help encourage growth within the company. But another aspect of employee recognition also involves helping your employees learn. That's where Learning Management Systems come in. Most companies have some sort of proprietary LMS that they can use to help their employees learn new skills. Recognizing the potential in a staff member and putting them through the proper courses to encourage it is critical to helping them grow and Thrive at your organization. Implement a learning system along with recognition to get the most out of your employees. You can also sign up for a leadership learning course to understand the gaps that need to be filled when managing your workforce. A good leader can have a stronger grasp over their employees and simplify the workflow better. 4. Rewards Just like recognizing individuals for their accomplishments, providing rewards and incentives is important. People like to receive something tangible along with accolades whenever they accomplish something worthwhile. Even if it's just a milestone or anniversary, it's still vital to ensure your employees are getting something back for their hard work. Monetary awards like bonuses and paid time off can be quite beneficial. Non-monetary rewards like gift cards, dinners, a free class, or some work-from-home days, can also be great incentives to encourage your employees to recognize each other. Whatever you decide to do in the rewards department, make sure it's something worthwhile and valuable. Somebody works hard for your company, the last thing you want to do is insult them with something that isn't going to make them want to work to the best of their ability. Rewards are integral to any employee recognition program, so make sure you offer the best ones you can think of when setting up your program. 5. Social Recognition Social recognition is what employee recognition programs are all about. People like to know that they're doing a good job, especially right after they've shown what they've accomplished. In order to be effective, employee recognition has to be prompt, specific and performed often. That's the beauty of using a technology platform to do it. With regular interaction, social recognition plays a key role in any strong employee recognition programs. By implementing an employee recognition platform at your company, you can keep everybody on the same page by recognizing each other's accomplishments, helping to create a positive working environment for everyone at the company. Additionals: Understanding How Employee Recognition Can Aid Your Consulting Firm Things to Consider When Sourcing Employees for Manufacturing Plants 5 ways employee perks can dramatically enhance your personal life

You Need to Ditch Your Full-Time Accounting Staff for an Accounting Firm

Cutting expenses:

Your employee is no longer performing well:

You need more than accounting services:

Your company is getting bigger:

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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Must-Have Accessories For The Modern Businessman

3 Things to Consider When Designing a Company Logo for Your Business

Five Ways an Employee Recognition Can Help Employees Perform Better

You Need to Ditch Your Full-Time Accounting Staff for an Accounting Firm

Cutting expenses:

Your employee is no longer performing well:

You need more than accounting services:

Your company is getting bigger:

Share this Article

Ship Packages Often? Why You Need A Courier Broker!

Reasons Why Some People are Sceptical of Franchises

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

Popular

Follow Us

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