Partnering with an Outsourced CPA Firm in Atlanta: Why It Makes Sense

Business owners will work to guarantee financial transparency and compliance with financial regulations. Because of this, a lot of them turn to CPA firms to seek help with handling finance and accounting tasks.  However, in a tight labor market, it can be a challenge to expand your capacity to meet the growing needs of your customers. So, before scaling your operations, you must decide the right approach to employ. Will you hire more workers to handle the increasing workload in your finance department? Or should you partner with an Atlanta accounting firm? Your decision will depend on your business’s goals and needs. If your company wants to scale or needs more resources for navigating peak periods, the following factors should be considered to help you make a decision:

Budget

Whether you want to hire an in-house accountant or outsource some accounting tasks, you must consider your available budget. If you are thinking about hiring a full-time accountant, calculate the related costs, including salary, payroll taxes, vacation time, health insurance, and other benefits, together with office space and equipment. If you choose to outsource, you will avoid these costs and you pay just the services you need whenever necessary. To avoid overspending, get pricing from several outsourced providers.

Service Range

Typically, a third-party CPA firm can give a range of services, including auditing, accounting, tax support, and payroll. Finding an employee who has the necessary skills and experience to cover such bases is hard, and you may not be able to afford to hire more than one accountant. But hiring an outsourced team lets you get the full scope of services and expertise necessary to expand your capacity to handle an increasing workload. 

Company Culture

If you outsource tasks to expand your company’s capacity and augment its internal teams, you may be concerned about keeping the company’s culture. For example, if you want to directly control your accounting and finance tasks, you might think you can easily connect with and assess an in-house accountant. Although you have greater control over a full-time employee than a third-party accountant, an outsourcing firm can adapt to your company’s culture and work style. The right firm understands your culture and is aware of your work preference. 

Availability

A reputable CPA firm is more able to meet deadlines and manage multiple tasks than one worker. Typically, it works beyond the traditional 9-5 schedule to cover its clients in several time zones. Before you hire a firm, discuss availability and work schedules during the initial conversation to avoid surprises.