Business And Personal Advisers

by Karen Stern

Who advises your small business? Every small-business owner needs help along the way, which is why it is crucial to have the right people in your corner. A few key advisers are necessary in order to succeed, but one area that is beneficial to invest in early is your accounting.

Your accounting needs are probably broader than you realize, requiring both a bookkeeper and a CPA to contribute to the success of your small business.

A bookkeeper handles day-to-day accounting activities. This role does not need to be filled internally, nor does it need to be filled by you, the business owner. Outsourced bookkeeping can free up your time so you can do more of the things you enjoy doing within your company.
Your CPA should advise you on general tax planning, provide you with insights into the latest accounting updates and, when the time is right, assist you with succession planning. A CPA can also help you establish and enhance your other key advisory relationships by assisting in evaluating, implementing and monitoring recommendations.

Starting these relationships early is important, and the accounting professionals at Brown Smith Wallace can help put you on the right path. Visit bswllc.com/entrepreneurial-services for more information.

Learn how to recognize opportunities for building meaningful relationships in your business and career at “The Bridge: Connecting Women Leaders of Today & Tomorrow” on May 17: http://bswllc.com/BridgeMay2017.

Karen Stern, CPA, (kstern@bswllc.com), partner in charge, Brown Smith Wallace Entrepreneurial Services Group, provides tax and accounting services for companies ranging from start-ups to $20 million in revenue.