5 Signs It’s Time To Hire A Monthly Tax Advisor
Posted On: 28/11/24 - 0

Are you thinking of hiring a monthly tax advisor for your business? Are you wondering if this is a good time? The following article will take you through 5 signs of when it’s time to partner with a monthly tax advisor for your business.

1. Your Business Is Growing

You have been in business for a while now and you are ready to take your business to the next level. Are you generating $500,000 or more in your business annually? If you are, then it is time to hire a monthly advisor.

2. Are You Happy With The Profit You Are Making?

Most people get into business to generate revenue. But it doesn’t end there, you need to be profitable to thrive in business. Do you know what your profit margins are and how they compare to your industry averages? Would you like to talk to a professional who can advise you on how to grow your business profitability? Someone who can work with you and guide you in creating a profit strategy in your business.

3. Owner Compensation

Building a business from the gound up takes a lot of time and financial investment. After investing in both, there comes a time when you want to be compensated for all of your hard work. Are you happy with the salary you currently are taking home? Is it in line with the amount of work you do? Are you getting paid what the industry norms are?

4. Operating Expenses

Operating expenses is the cost of doing business. Are your operating expenses more than 30% of your revenue? Do you know what the percentage of operating expenses is considered good in your industry? Did you know that operating costs do not fluctuate, meaning they do not change based on the amount of revenue generated. It’s the cost you have whether you sell one product or service versus 1000.

5. Are You Paying Too Much Tax?

By hiring a monthly tax advisor, you learn valuable tax management insights. When you start working with our advisors, you will start to keep more of your hard earned money in your pockets. You and your advisor will have effective and timely tax conversations that will provide better financial outcomes for you and your business.

As a business owner, you know that good tax management will help you to save your hard earned money. It can be overwhelming in making that decison of finding the right monthly advisor for you and your business. Call us. Our team has extensive experience in serving business owners from many different industries.

We are not simply a tax preparation service. Our team is professional, licenced and tax business advisors. We are committed to create value that is far greater than our fees. Call Cheryl, find out why we would be a good fit for you and your business.

12203-107 Avenue.
Edmonton, Alberta.
T5M 1Y9

Call us:
780.482.7297