Our Blog

Our blog is your source for concession industry tips and tricks. Whether you’re looking for unique ideas for fundraising, want information on creating a successful sweet shop in your grocery store, or need new ways to promote your gourmet popcorn business, we have plenty of information to inspire you. You’ll find new menu recommendations, marketing ideas, seasonal suggestions, and more. Feel free to scroll through all of our posts or browse by category to find relevant information for you.


The Pros and Cons Of Hiring An Accountant For Your Business

Many business owners, especially smaller businesses, often choose to do their own bookkeeping. With new technology available, including accounting software, it has become easier for even a business owner with little bookkeeping knowledge to handle their own accounting. However, while there are benefits doing your own bookkeeping, there are also pitfalls to watch out for. Depending on the size and complexity of your business, you may need to consider whether hiring an accountant may be a better option than doing your books yourself.

The Pros and Cons of doing your own Accounting

The obvious pro of doing your own accounting is saving the money that it would cost to hire an accountant. In addition, you know exactly what is happening with your business and are involved in every aspect of your revenue and expenses. For those with a small business with few or no employees, this may be a viable option. However, consider a few cons of doing your own books.

* Time. Not everyone is efficient at bookkeeping. The time it takes you to do your books may be taking you away from what you do best; running and growing your business.
* Lost opportunities. You may not be aware of all the tax laws and codes that could benefit or hurt your business.

Pros And Cons Of Hiring An Accountant

Once again, the obvious con of hiring an accountant is the cost. It is an extra expense and you will need to trust someone else to have access to your confidential business information. However there are benefits or pros as well.

* Increased deductions. An accountant can advise you of deductions or tax credits that you can take advantage of to increase your profits.
* Liability. Your accountant can decrease the liability of mistakes in your tax filing. Ignorance is not an excuse that the IRS accepts, so having an expert on your side can save you money in penalties and interest.

It is each business owner’s personal choice whether they do their own accounting or hire an accountant. However, many will find that having a professional on their side may actually save them money in the long run and free up time for them to focus on their business.