By Rich Bond
I’ve met very few successful people who do their own taxes, which to me is smart. The U.S. tax code is complicated, changes frequently, and is not intuitive.
But at the same time, I have met business owners who are dragging their feet to hire a good controller or other financial executives.
Running a privately owned business profitably is significantly more complicated than doing your taxes. Even worse, there are no obvious signs of whether you’re getting it right or not.
If your accountant makes an error on your tax return, the IRS will let you know immediately. If you overpaid your taxes, you get a refund.
If the financial information you base your business decisions on is not adequate, the signs are more subtle.
Year-end results will often be a disappointment, and you may be growing sales much faster than profits.
If you want to learn more, download my paper “5 Financial Levers that Help Business Owners Sleep Better”. It has 5 examples of the difference finance made in other businesses.
(https://bondandcompany.com/resource/5-financial-levers-that-help-business-owners-sleep-better/.)
I’d be happy to speak to you, if you are curious about the powerful impact finance can have on your business. Message me on LinkedIn or email me: richard.bond@bondandcompany.com.
