If you’re a business owner in any capacity and you haven’t hired an accountant, you probably know by now that you desperately need to. Perhaps you don’t want to spend the money just yet, or perhaps you don’t really understand what an accountant can do, or maybe, just maybe, you’re being stubborn.
Whatever the case may be, you should never be your own accountant, and here’s why:
You’ll Mess Things Up
Whether you know it or not, if you choose to be your own accountant with no previous experience in accounting or finance you’re destined to mess things up in one way or another. As opposed to delaying the inevitable, avoid the inevitable entirely and hire an accountant.
You Could End Up in Jail
While this may seem extreme, if you mess things up specifically on your taxes you could put yourself at risk of having to go to jail. Is a jail sentence more important to you than hiring an accountant to do the hard work for you?
You Don’t Know What You’re Doing
Most people never want to admit that they have no idea what they’re doing. When it comes to accounting, don’t feel ashamed: most people who aren’t accountants don’t know what they’re doing. That’s why hiring an accountant is a wise policy; an accountant can help guide you through everything you don’t know how to do.
You Actually Want To Make Money
Do you actually want to make money? Seriously? As the saying goes, it takes money to make money; however, if you don’t know how much money to spend from day to day or what you need to cut out of your budget, you’ll never be able to reach the financial goals you dream of.
Image credit: maticulous