The accountant is a professional specializing in managing the financial, economic, tax, and patrimonial areas of companies and individuals. His work routine involves many calculations, income statements, and tax calculations.
Through this professional such as Susan S. Lewis, Ltd for example, companies can gain insight into their income and expenses and understand if the business is making a profit. He is a great risk appraiser and developer of strategies to reduce the tax burden and prevent problems with the tax authorities.
Why Is The Accountant So Important For Companies?
Every business needs to have accounting advice to remain legal; after all, it is necessary to pay taxes to keep your company healthy and active. Companies need to be accountable to the government, pass on information to the Federal Revenue, Treasury Department, and City Hall about their activities; from there, the taxes payable are calculated to keep your company open.
A company’s accounting information is commonly requested, especially in banks, if necessary to carry out some financing.
Due to the importance of this professional in the care of bureaucratic matters, some companies hire an accountant to work only within the company, especially those that have a great demand for documents, employees, and operations.
Brazil, for example, is one of the countries in the world with the most complexity in the tax and fiscal system. Therefore, it is necessary for a professional who is avid for changes in legislation constantly so that your company does not risk suffer rigid penalties due to errors. And omissions.
Therefore, your company needs accounting advice to succeed. These professionals are not only specialized in bureaucracy; they also work with auditing, capitalization of investments, insurance, pensions, accounting expertise, and controllership.
Your business cannot dispense with the help of such an important professional to help your company remain legal without paying abusive taxes.
Why Is The Accountant Essential For Small And Large Businesses?
This professional is mainly responsible for controlling and managing a company’s economic assets and certifying that tax obligations are being met. Despite this, his performance goes beyond this technical part. Analyzing the finances of several companies frequently gives the accountant the ability to identify which activity classification and tax regime the business fits.
This change can even reduce costs in the short and medium-term, in addition to helping to optimize the entrepreneur’s time when opening the company. As he already knows all the procedures and processes, the risk of making or presenting wrong documents is considerably reduced.
In everyday life, a company needs an accountant for different reasons.
Among them, we can mention a few, such as:
- Assists in the calculation of taxes
- Keeps statements up to date
- Avoid problems with justice
- Payroll help
- Identifies ways to reduce costs
- Among others
The accountant still acts as a business consultant, identifying the best investments for companies to stand out with their customers and in the market.