Financial success often comes at a price — and all that money you earn for your hard work is then taxed by the government. Small business accountant services from an outsource CPA can help your small business accounting to ensure you’re prepared for the changes ahead — especially when it comes to preparing and paying your taxes.

Everyone has to pay taxes — you can’t avoid it — but you CAN avoid paying too much.

As your income grows, and as you reap more rewards as a small-business owner, it helps to be aware of your personal bottom line — before your next bonus goes to the IRS instead of to your wallet.

You deserve to keep what you earn — or as much of it as possible!

Dashboard Accounting small business accountant services can help. As your small business accountant and outsourced book keeping services, we can also advise you, personally, on strategies to minimize your income tax implications. It’s the bookkeeping help that can actually save you money.

Something as simple as knowing your personal income tax rate can help you calculate your 2009 tax liability for unexpected income, retirement planning or investment income. We offer tools to help guide you as you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2009 tax year — depending on your filing status (married, single, etc.)

For instance, if you’re married, and you’re planning on paying yourself $137,500 for 2009… well, you may want to consider a pay cut!  Earning anything over $137,050 moves you into a higher tax bracket — from 28% to 33% — which means you’ll hand over a whopping 5% more in taxes than had you stayed a slightly lower pay. 

Of course, many small business owners don’t realize this until it’s too late. The right accounting service — one that includes personal evaluation and advisory services as part of the package — can help you make the necessary adjustments to prepare for such situations. It’s like having a CFO without the added expense.

Analyzing “how much should a small business owner should pay themselves” is one example of how having the right outsource CPA and small business bookkeeping service can sometimes mean thousands in savings each year.

You can find out more, and check out our Marginal Tax Rate calculator at “Resources” at the Dashboard Accounting website, http://www.dashboardaccounting.com.