The accountant is a specialized and trusted professional, who is usually in charge of calculating all taxes due to the Municipality, State and Union. In addition, he also takes care to comply with the tax obligations imposed by law, as well as the maintenance of accounting books . The accountant can also play a consultant role with regard to the company’s cash flow, income, investments and tax planning .
To consolidate the importance of accounting in the company, suppose that a product is sold and the buyer does not make the payment. The famous “default”. According to the law, the company is not obliged to collect taxes related to this product, however, most micro and small entrepreneurs do not have an accounting structure capable of avoiding this and many other liabilities.
Why do I need an accountant at my company?
The law does not oblige any entrepreneur to have an accountant on his team, so his presence is not absolutely essential, but perhaps the most pertinent question would be: what do I have to gain from the presence of a specialized professional or from hiring an accounting firm ?
To answer this question, the administrator must make an analysis of its current accounting structure and verify that it complies with all its tax obligations and with the legal requirements for purposes of inspection of the Revenue. In addition, it must assess whether cash flow, revenues and investments are being used to their full potential .
Hiring an accounting professional or accounting firm can help a lot in the organized growth of the company and in the reduction of business risks , see below what an accountant can do for an SME:
Opening a business the right way
In order to open a business, it is necessary to make some important decisions, such as the tax framework , the corporate type , the framework such as ME / EPP and other company-related decisions. The accountant can provide this advice so that your company operates on a regular basis, with the lowest tax burden since the constitution and that reduces corporate risks.
The accountant is a trained professional to offer guidance in this regard.
In this theme we indicate the text CNAE: If you do not define the activity of your company correctly you will hate yourself later. so that you understand better about this subject.
Control taxes payable and perform tax planning
The Accountant as an expert in the dynamics of taxes will be able to control which taxes an SME must pay, when to pay and mainly carry out a planning to make a framework to minimize taxes.
For another way to lose money in a company is to make the wrong tax choices. Here, specialized assistance makes a total difference.
Analyze company performance
With the help of an accountant the entrepreneur will be able to analyze the company’s performance through accounting reports, this will happen even if the entrepreneur does not have his finances organized, although the ideal is that he has financial control so that the accountant can demonstrate the results of more assertive way.
We must not forget that the Balance Sheet Patrimonia 1, in addition to accounting reports, is a key element for business analysis and definition of the future, in addition to being mandatory by law.
Keeping the company’s accounts still allows Profits Exempt from IRPF taxation in the person of the partners, so it is worth having.
It is important to mention that having these reports can help your company and have access to credit lines.
Ensure the company’s fiscal regularity
The Accountant must deliver the accessory obligations to the tax authorities , ensuring that the company is regular and that it continues to operate, the accountant is the professional who can guarantee this regularity and its monitoring can be carried out by the Negative Debt Certificates .
In addition to taxes, tax authorities charge taxpayers a series of obligations called ancillary, since they are not the main obligations (payment of tax). Failure to do so can make your business pay fines and become irregular.
Hire or outsource?
The choice between hiring an accountant or seeking a partnership with an accounting firm depends substantially on the needs of the company and the complexity of its accounts .
What we can say is that the vast majority of small and medium-sized companies end up opting for outsourcing due to the many advantages that it offers, such as the provision of services according to their needs and within the possibilities of their budget. In addition, accounting outsourcing has the following benefits;
- Reduce expenses with internal staff;
- Keep the focus on the company’s activities;
- Reduce expenses with updating professionals;
- Have the support of a specialized team with the experience of serving other companies
Hiring an accountant can substantially increase expenses on the payroll and still generate operational problems in managing one more person.
Therefore, the modern entrepreneur must have the sensitivity to know when and how to entrust his company’s accounts to a specialist. The market dispute today is marked by fierce competition and, therefore, every detail can make all the difference.
In Brazil, in particular, we also face complicated conditions in the field of taxation and inspection by the public authorities, and this only reaffirms the importance of accounting , so be sure to have the support of this professional, either by hiring one for your team, or having the support of a specialized office .
Is that you? Do you think your company needs an accountant ? Do you have any tips for those who intend to hire or consult an accountant for the company itself? Leave your suggestion in the comments below .