Question

Why is it that small businesses with even just one employee will seek an external accountant or payroll service rather than computing it themselves?

Answer 1

Sol :

Eventhough in case of small businesses putting books in the hands of the experts can have a drastic impact on the success of the entity. Extenal Accountant can offer years of experience, training, and education. They work with many companies on a day-to-day basis, which means that business can benefit from the lessons that have been learned over the years. While an in-house employee can handle basic tasks, the employee can’t match the industry specific skills that come from a dedicated accounting firm.