Study: Canadian small businesses underutilizing accounting consultants
April 30, 2012
According to a recent survey
by Sage North America, 39 percent of Canadian small businesses do not leverage the services of accounting consultants
Of the 229 Canadian entrepreneurs who took part in the study, nearly three-quarters (73 percent) expressed a preference for completing accounting activities by themselves. The 61 percent that did take advantage of outside accountants relied on them mostly for accounting services (77 percent), bookkeeping duties (53 percent), personal and corporate tax support (46 percent and 36 percent, respectively) and payroll (34 percent).
"Most (small business owners) are not using these experts to their full potential," said Jennifer Warawa, vice president of partner programs and channel sales for Sage North America, in a statement. "Accountants offer so much more than general accounting and tax services; they can provide critical guidance that can help take a business to the next level."
In addition to the general services mentioned by Warawa, outside accountants can also help small enterprises maintain accounting compliance
and navigate the often complex world of accounting legislation