How Monthly Accountants Help Owners Stop Guessing & Start Operating Like CEOs

By the time your business hits its first year of million-dollar revenue, you need more than just numbers. You need insights. That’s why you should hire a monthly accounting service instead of separate bookkeeping and tax services.

In this article, I’ll focus on the insights that monthly accounting imparts on the owners of growing businesses (like yours).

At CSI Accounting & Payroll, we’ve provided monthly accounting services to small and growing businesses for 60 years. That means we’ve answered these thousands of times:

• How can a monthly accountant give me tax insights?
• How can a monthly accountant give me insights into my operations all year long?
• How can a monthly accountant help me with long-term planning?

Tax Insights

When you work with a monthly accounting service like CSI, you get a tax strategy that consists of planning, projections, preparation, and filing. That means you get insights into:

• Strategies to legally minimize what you’ll owe in taxes.
• The best times to make these moves.
• How much you’ll owe in taxes (months in advance).
• Anything else you want to know. This can all be covered in your tax planning meetings or via call, text, and email.

Annual tax preparers can’t accurately provide these insights since you only see them once per year. Or, as a growing company, you can hire an in-house accountant and get many of these insights, but you’ll pay much more for their wages, taxes, and benefits.

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Year-Round Operations Insights

Running a business requires a lot of decision-making, which requires insights all year long. Once again, annual tax preparers can’t provide year-round insights, and not every business is ready for an in-house accountant.

However, if you hire a monthly accounting service like CSI Accounting & Payroll, you can meet with an accountant regularly. You’ll get a wide range of advice, including:

• Setting KPIs.
• Industry-specific advice.
• Maximizing profitability.
• Sales and marketing ideas.
• Advice based on your monthly financial statements.
• Anything else you want to know. This can all be covered during meetings or via call, text, and email. Large consulting projects may also be added for an additional fee.

Long-Term Planning Insights

Sure, a monthly accounting service can help you with your five-year plan. But let’s think of the big picture. Your end goal is to retire with the wealth you’ve built, allowing the business to live on.

While the topics I mentioned above can help you grow over time, succession planning or exit planning are crucial in your last few years of business. A monthly accounting service can help with this by offering these insights:

• Strategies to optimize your profitability.
• Monthly and annual financial statements to show potential buyers your profitability.
• Maximizing your sale price, including helping determine the right time to sell.
• Whether you should choose a stock sale or an asset sale.
• How to get paid from the sale.

Don’t Just Get Numbers. Get Insights!

Now that you know how a monthly accountant can provide insights into your taxes, year-round operations, and long-term planning, are you ready to check out monthly accounting services with CSI Accounting & Payroll?

To see if we can be a good fit for your business, click the button below for a free consultation:

Not ready to talk? That’s okay! First, estimate what your monthly fee may be by clicking the image below: