Why You Should Choose A Business Accountant For Your Business? - Buzz Sharing

Monday, December 28, 2020

Why You Should Choose A Business Accountant For Your Business?

 


In the movie, the Social Network, starring Brad Pitt, there was a very clear-cut example of a business accountant gone badly. There was a young, inexperienced, and rather sloppy business accountant Hadfield who couldn't seem to keep up with the paperwork. His methods, while seemingly impossibly fast and accurate, often fell apart when it came to the crunch. He was hired mainly because of his fast tracking and accuracy with his work.


He would meet with the owners of the different companies he handled in a matter of hours to figure out how much money each company owed them. Much of this money he would send electronically through the mail. The checks often arrived after he had cashed them in person or via post. It all seemed perfectly legitimate, until he started spending the company's money the way they didn't want him to.


This soon started to get him into hot water. He would forward the check for cash, which the company would then use to pay their expenses, and then he would cash it out again, leaving them a little less money in their pocket. When he wasn't being paid by the company directly, he would charge them fees for his services. It was like an ever-expanding bureaucracy that was taking too much of their profit.


Eventually, he was caught by a security guard and told of his misdeeds. Because the owner of the business was very worried about how much money he was losing, he fired him. Hadfield appealed but lost. He was forced to sell his shares in the business. He tried to run the company without a business partner ever again. When he learned that the business was on the verge of filing for bankruptcy, he quit.


Hadfield turned to writing books about business, earning a very comfortable living doing so. Then, he discovered how wonderful it was to actually be able to help other people get out of their own financial messes. He made sure that they would not have to file for bankruptcy, and he did everything he could to keep his own business afloat. He also tried to make it so that every single employee of his company would receive a raise. This way, he could afford to give everyone better benefits, and he didn't have to worry about the company's debt running high. After all, he made sure that all of his employees had full-paid job at the end of each year, so they would be able to continue working.


He even wrote several books on small business accounting and made sure that all of his books were purchased by his accountant, just in case he might sell them one day. He also continued to write books until he was eighty years old. When he got to eighty, he decided to quit his business accountant job. Instead, he opened up a small accounting firm that specialized in helping other small business owners get their books in order. That way, he would no longer have to pay taxes on the money he was making from his business.


Most small business owners have the same problems as him. They can't find the time to organize their books, and when they do, they have to hire an expensive accountant to help them figure it all out. Even after they get all of their information together, they still don't know where they need to go to get the filing done. He wrote many books on how to handle small business finances, and he always encouraged small business owners to use them.


A few years after retiring from his accountant job, Hadfield started his own accounting service. He called his business "Books", and he became one of the most successful small business owners in the country. Today, Books is still providing hundreds of businesses with bookkeeping help.


Now-a-days, business accountant are the best part for a business or a company. Business accountant in Brunswick West tries to give their best services to their clients. If you watch the movie, you can easily understand about this matter.

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