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Accountants play an integral role in the success of any business. They perform a wide range of services to ensure that all financial activities are accurately and properly reported, analyzed, safeguarded, and managed. Accountants keep track of payments such as wages and taxes, produce reports for decision-making or compliance purposes, advise on potential areas of cost savings and new investments, evaluate financial performance versus goals and objectives, create tailored solutions for reducing costs, efficiently managing finances, and helping individuals and businesses plan for their future. To stay knowledgeable about industry trends and up-to-date on legislation changes, many accountants complete continuing education courses throughout the year. When combined with strong analytical thinking skills and a passion for problem solving, accountants can help their employers significantly reduce expenses while boosting profits.
The average cost of an accountant varies depending on their level of experience, specialization, location, and industry. Typically, the hourly rate to hire an accountant is between $30 to $300, which will depend on your accounting needs.
Accountants are financial professionals who provide accounting, auditing, or taxation services to businesses and individuals. The responsibilities include:
• Preparing tax returns like income tax or sales tax
• Payroll
• Handling funds for banks, brokerages, and mortgage companies
• Providing advice about budgeting & savings plans
• Making records for corporation filings
• Advising on internal controls in the company's financial departments
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