Questions?
You’re in the right place.
Let’s get right to it.
Do I need an accountant?
It depends, but the short answer is yes - for certain tasks. There are many benefits of having an accountant, but the primary reason is they can assure you are properly accounting for the money moving in and out of your business.
It's critical for every business to have accurate, complete financial records with checks and balances.
What are my operating expenses? Can I pay myself this month? How do I know what to save for taxes?
An accountant will set up and maintain a system that answers all these questions, so you feel in control of your finances.
The biggest win? You’ll be able to keep a pulse on your business' financial health.
Can I do my own books?
You can, and many business owners do! Many business owners reach a transition point in their business when they need additional support because of growth or complexity.
Delegating the on-going work to an accountant can free you up to focus on what only you can bring to your business.
Not ready for an on-going accountant, but still need help?
Set-Up Package
Cashew can get you set up in an accounting system and equip you to do your books with confidence.
Includes three 1:1 meetings, Accounting Checklist, and Accounting 101 Guide.
Accounting 101 Sessions
Get a 90 minute 1:1 crash course on small business accounting, followed by a personalized review of your financial processes.
Includes Accounting Checklist and Accounting 101 Guide.
Is it expensive to hire an accountant?
It doesn't have to be! The advantage of hiring a contracted accountant, like Cashew, is your business does not have to provide full-time benefits and hours of 1:1 training.
A full-time salaried bookkeeper or accountant starts at $45,000/year plus benefits.
A CPA can charge $150-250/hour to provide similar services.
A contracted accountant’s rate will vary based on the services provided, but is often the most economical option for small businesses.
Can you do my taxes?
The short answer - no. However, hiring an accountant keeps you in a good financial position prior to tax season.
No sprint to catch up on updating that spreadsheet in December. No major surprises at the end of the year.
I recommend hiring a CPA (certified professional accountant) or tax accountant to prepare your actual tax filing.
A contracted accountant will keep your books up to date, prepare your financial statements, and communicate directly with your CPA or tax accountant to make sure they get everything they need on time.