Small business owners tend to wear a lot of hats. They often chose to save money and retain control by handling tasks on their own instead of outsourcing to a specialist. While the do-it-all approach is fiscally smart, hiring an accountant proves to be a wise investment more often than not.

There are numerous times throughout the life of a small business that the expertise and knowledge of an accountant is invaluable. Whether you are writing a business plan, dealing with the government, selling your business or enduring a tax audit, an accountant can assist.

Even when it's business as usual, an accountant provides key insights into your company's financial situation. They can help you grow your business and provide you with peace of mind so you can focus on what you truly love doing.

Read the Xero Small Business Guide on When You Should Hire An Accountant to learn more about the advantages of working with a financial expert.