15 Ways A Business Accountant Can Help Your Profitability

A qualified business accountant can help take your business to a whole new level of success.

With strategies from analyzing raw data to inform your business decisions, to helping you save money on taxes and employee benefit plans.

Here are 15 ways a business accountant can boost your profits and information about how to find the right CPA for your business.

1. Helping you monitor and manage your business’ cash flow.

2. Identifying your business’ “break-even point” - a key to determining profitability

3. Performing a DCF analysis to determine the value of your business (business valuation services)

4. Calculating cost-effectiveness of marketing and other investments.

5. Calculating your net profit on a quarterly and annual basis.

6. Advising you on tax-saving strategies and tax planning actions.

7. Helping save money on your employee benefit plan contributions.

8. Helping implement internal accounting systems, including a software system.

9. Conducting cost segregation to revalue your assets and increase your cash flow.

10. Performing industry comparisons to see how you stack up to your competitors.

11. Analyzing financial data to help you make informed business decisions (business consulting services).

12. Performing bookkeeping and payroll tasks to keep accounts in order.

13. Working with you to develop a long-term financial plan for your business.

14. Performing ERISA audits to reduce your financial liability on your company 401k plan and pension plan.

15. Giving ongoing feedback on progress toward your business' profitability goals.

How to Find a Business CPAThat Boosts Your Profits

We’ve put together this handy list of the Top 10 Utah CPA Companies.

Additionally, it is a good idea to get referrals from friends and family.

Once you have a list of CPAs you’d like to interview, it is time to start meeting and speaking to accountants.

Here are some good questions to ask.• Can you assess my break-even point and the

overall value of my business?

• How will you help me manage my cash flow?

• How will you help me grow my business?

• How many times will you check in with me throughout the year?

Conclusion

Find more questions you should ask a CPA by reading this article.

If you’re ready to start, we encourage you to talk to us about how we can help you.

WEB:www.cookmartin.com

EMAIL:info@cookmartin.com

TELEPHONE:Salt Lake City: (801) 467-4450Logan: (435) 750-5566

FAX:Salt Lake City: (801) 364-4603Logan: (435) 787-4321

ADDRESS:

Cook Martin Poulson, PC2180 South 1300 East, Suite 430Salt Lake City, UT 84106

Cook Martin Poulson, PC632 North Main StreetLogan, Utah 84321