As a business owner, hiring a bookkeeper is an important way to outsource specialized skills that you don't have the time to do yourself. The time you save on completing the bookkeeping tasks yourself may allow you to find new customers. With more time to devote to customers, you may find more repeat customers and you can expect higher profits.
In reality and Accountant/Bookkeeper is much more than someone to fill out forms to keep the “Tax Man” happy. They can save you time, money, and the stress of worrying about your tax returns, GST/HST filing, WSIB, and much more.
A good Accountant/Bookkeeper wants you and your business to succeed, as it is a reflection on them as much as it is a reflection on you.
They can also act as a business consultant, assisting you with various business problems, offering good solutions based on their experience. An Accountant/Bookkeeper will come to know your business as well as you do. Their advice and input can be very valuable.
It’s not a matter of whether you can afford an Accountant/Bookkeeper – can you really afford not to have an Accountant/Bookkeeper?