Any business owner is aware of the importance of tracking business expenses. This is especially true in uncertain economic times such as what we’re dealing with thanks to the COVID-19 pandemic. At Havig Tax & Consulting, we’re passionate about helping our business clients navigate this truly uncharted territory and ensure we all emerge stronger and able to better weather the next unexpected economic downturn.
Austin Havig has years of experience working closely with business owners of all sizes and what he’s seen time and time again is that companies can get a bit careless when it comes to tracking business expenses. This is especially true when times are great and the economy is roaring. However, this can quickly become a major problem during an economic downturn. One way to avoid falling into this trap is to work with a seasoned accountant like Austin who can help you both when times are good as well as when times are a bit tight.
You Need a Partner to Steer Your Company’s Financial Ship
Most small businesses do not have the resources to have a CFO, or even a controller on staff. This means that they have two options when it comes to handling their financial responsibilities: doing it on their own, or hiring an accountant and/or bookkeeper. While you may think that you can do this all on your own, the reality is that business owners are extremely busy and paperwork and taxes is typically not their strong suit. Furthermore, you need to be out growing your business, not constantly working “in” your business on tasks that can easily be outsourced to reputable financial professionals like the team here at Austin Tax & Consulting.
Why You Need an Experienced Bookkeeper and Accountant on Your Team
At Havig Tax & Consulting, we offer both bookkeeping and accounting services to all our business clients. Having a “one stop shop” to handle all of your company’s financial needs is critical for a wide variety of reasons:
● Ease of Communication – If you have a separate bookkeeper and accountant, communication can get lost and delays can be created while one party is waiting for the other to provide pertinent information. This is especially true around tax time when getting access to information is especially important.
● Improved Accuracy – At Havig Tax, our bookkeeping and accounting teams work together which means we can provide our clients with the most accurate financial statements and information possible. Should we have any bookkeeping or accounting questions, we’re all under the same roof so we can quickly get answers that can ensure our client’s needs are always met.
● Convenience – When you work with one firm for both bookkeeping and accounting services, you have one line of communication, which can help to streamline your company’s finances. Never will you have to act as the middleman between two different companies. At Havig Tax, it’s our goal to be your financial strategist that can help you navigate the often complex tax regulations that are constantly changing both here in Minnesota as well as all across the country.
● Proactive Tax Advice – When your bookkeeper and accountant work together, they can often spot trends or help you to take advantage of tax deductions or other key financial decisions that can lead to big tax savings for business owners. Your bookkeeper typically is in constant contact with you on a regular basis, which can help better understand when and if it may make sense to bring in an accountant to more closely monitor your financial situation.
Tax & Consulting for All Your Bookkeeping & Accounting
If you’re unsure of where your business stands financially, it may be a good idea to talk with Austin Havig of Havig Tax & Consulting. Whether you’re in need of accounting or bookkeeping services, or both, he would be more than happy to sit down with you to learn more about your business. Austin loves to work with small business owners both here in Minnesota as well as all across the country. To learn more about Austin and his team, feel free to give us a call today at (763) 325-4400.