Business & Finance Outsourcing

Why Finding A Good New York Bookkeeper Should Be The First Thing A Start-up Does

New York City is one of the trickiest, yet most potentially rewarding areas, in which a new company can start a business. There is often significantly more competition, talent acquisition and retention difficulties because of how many other options exist out there, real estate is both expensive and difficult to acquire while we are also facing the trickiest recession in many decades. For a new business owner lacking bookkeeper training, adding those responsibilities and dealing with complex tax laws make it seem almost impossible to get a new business off the ground. Starting to allay those concerns can come from forming strong initial partnerships. Finding one with good New York bookkeepers can put aside many of these concerns and can truly help a new business focus on their core competencies.

The IRS and the New York tax authority have notoriously been hard on many start-ups. This isnt done to pick on new business owners, but because a lot of mistakes are made in how new companies are drawn up and how they approach the tax code. A good New York bookkeeper can help in the case of that dreaded audit. A really good New York bookkeeper can make sure the situation is avoided all together if they are working with the start-up from day one.

Finding a good New York bookkeeper that can help avoid these costly missteps is a difficult process in its own right, but it should be one of the first things that a business acquires before doing much else. They can help draw up documents and create tax shelters that can be extremely beneficial down the road. The problem is that there are many bookkeepers, all with differing specialties and experience plus new ones are joining the industry all the time. Separating a good New York bookkeeper from a bad one can be a lot more difficult than one would initially assume.

Only considering New York bookkeepers with relevant start up experience is a good starting base point. Many New York bookkeepers follow the money and specialize on corporate accounts and large multi-national companies. These are some of the most talented New York bookkeepers, but that doesnt make them a good fit for newer start-ups. A lot of accountants have good knowledge, but they may not have the time or customer service focus to properly work with someone just creating a start up. And by working with a company and its owner from day one will require someone who has good customer service focus. In these scenarios, its simple to imagine that a person setting up their first business will have many more questions and require significantly more guidance than a more experienced customer who only needs an accountant to balance books and file paperwork. New York is a difficult, but very rewarding place. Finding a good New York bookkeeper is also difficult, but finding a good one from day one can also be ultimately rewarding.

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