The right accounting firm can make all the difference in how well your business succeeds. When you, as a small business owner, must constantly worry about bookkeeping chores, you can't concentrate on the more important issues of running your business.

PASBA helps you make that connection to the right small business accountant. We help you locate the one that will best serve the needs of your company. Your entire accounting and bookkeeping department will run more smoothly when your company has a trusted accounting professional behind the wheel.

One of the major problems small businesses encounter is tax issues. Any business owner who has gotten an audit from the IRS knows how important it is to keep well maintained ledgers. You must also respond in a timely manner to those quarterly reports required by the IRS. There are profit and loss reports and other financial statements to prepare.

When these financial documents are not prepared properly, you open your small business up to stiff penalties or even audits. The money you may spend getting yourself out of trouble with the IRS could easily cover the cost of a professional accounting bookkeeping service.

Whether your small business only has two employees or 200, it's better to be safe than sorry when it comes to bookkeeping and taxes. A small business owner may be very adept at one or two areas of expertise. For instance, if your small business repairs motorcycles you are no doubt a pro when it comes to replacing a clutch in a Harley. But what about your balance sheet and statement of owner's equity? Who is working on those documents while you're replacing that clutch?

One of the greatest mistakes that small business owners make is they decide to wait and see if their idea takes off and their business becomes successful before actually hiring a licensed bookkeeper or accountant. Then after a few years, all those receipts and reports are nothing but a jumbled mess. Even an expert would have trouble figuring it out.

At PASBA, we believe it is vital for the success and longevity of your small business that you start out using accounting and bookkeeping services. Waiting only invites trouble from the IRS and that kind of trouble can spell an end to your small business. You can wind up with no more than a bitter memory and thousands of dollars owed to the IRS.

Statistics show that 80% of all new businesses started today will fail within five years. Only 20% of those survive. Of that 20% that do make it, a very high percentage of them say that they started out with a professional bookkeeping service to make sure that all their financial documents were prepared properly and on time. This is a key factor in the success of many small businesses. Believe it or not, having a small business accounting service on board from Day One can actually increase your chances for success.

PASBA represents hundreds of Certified Public Accountants all over the United States. We believe in helping small businesses succeed. We are here to connect you to that one perfect bookkeeping service that will meet all your needs at a price you can afford.

PASBA member accountants bring the collective resources of a nationwide network of Certified Public Accountants, Public Accountants,  Enrolled Agents and other practitioners available to answer your tax and financial questions and streamline your business accounting, bookkeeping, and payroll operations. To find a trusted accountant in your area, visit www.SmallBizAccountants.com.

Please be advised that, based on current IRS rules and standards, any advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty that the IRS may assess related to this matter. Any information contained in this article, whether viewed or subsequently printed, cannot be relied upon as qualified tax and accounting advice.  Any information contained in this article does not fall under the guidelines of IRS Circular 230.

Copyright Information 2011 Professional Association of Small Business Accountants

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