4 Reasons You Need a CPA in New York

Are you starting or running a new business and wondering whether or not to hire an accountant?

Sounds like you have a lot on your mind! We’re here to show you that hiring a CPA in Poughkeepsie, NY, can help you stay on top of your finances, keep from getting into trouble with the IRS, save time, and make sure that you’re on the right path. 

Here’s why you need a CPA in Poughkeepsie.

  • Stay out of trouble with the IRS.

This is your business, so if you want to take the risk of accidentally over or under-paying your taxes, that’s up to you. But, if you want to avoid the headache of dealing with the IRS yourself and save yourself time spent trying to figure out whether or not you’re paying what you’re supposed to be paying, hire a CPA in Poughkeepsie. The first thing they’ll do is help you set up your books so that it’s easy for you to see where your money is coming in and going out. Then, they’ll make sure that you understand exactly how much tax is due on each income category.

  • Make sure you’re setting aside the right amount for taxes

The best thing you can do to avoid overpaying your taxes is to hire a CPA who understands how to apply the tax laws in New York at the local city and state levels, as well as the federal level. 

  • Save time by tracking your money

You probably have a lot of expenses, both recurring and one-time, that you’re tracking every month with your bank’s online banking system or other financial software. But what if you could instead hire an accountant or CPA who could track all of these things for you? Savings can be significant. It’s especially helpful when your business is just starting or getting off the ground because that’s when cash is often tight. 

  • Be sure everything is done correctly and on time

One of the biggest obstacles a start-up has is correctly filing (and paying) all the forms that are necessary for your business to get off the ground and stay in business. That’s where a CPA can help you. They’ll be able to make sure that you have everything filled out correctly and that all taxes are totaled, paid on time, and recorded properly in your books.

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