A full-time accountant in Florida can run well past $60,000 a year once you fold in benefits, software, and payroll taxes. And that’s before a single return gets filed. For a lot of the contractors and owners we sit down with, that number forces a real decision. Do you build an internal finance team, or do you lean on one of the seasoned accounting firms in Miami and let specialists carry the load? Both paths can work. The real trick is matching the choice to how your business actually runs day to day. At Miyares Group, we help companies work through this call all the time. Here’s how we think about it.
The Real Cost of an In-House Team
Hiring in-house looks simple until you total it up. Salary is just the start. You’re also paying for benefits, accounting software, continuing education, and the fallout when your one team member gets sick during tax season. Those software licenses renew whether that person is billing hours or not. One person can’t specialize in everything either. So the trickier work, tax planning or audit prep, usually gets sent out anyway. You end up paying twice for the same coverage.
Why Construction Companies Feel This Most
Contractors carry the heaviest accounting load of anyone we serve. Job costing, work-in-progress schedules, retainage, percentage-of-completion revenue; all of it demands genuine construction accounting experience. A general in-house hire almost never brings that background. Miss a retainage entry or misjudge percent complete, and a job can look profitable right up until the month it isn’t. When a project crosses state lines or pulls from several funding sources, the gaps show up fast, usually at the worst possible moment.
What Outsourcing Actually Gives You
Working with a Miami accounting firm means you get a whole team instead of a single desk. CFO-level guidance, tax planning, audit and assurance, and construction accounting sit under one roof, and you only pay for what you use. You skip the recruiting, the training, and the awkward gap when someone leaves. That flexibility counts when your revenue swings with the project calendar. It also frees your own people to chase the work that actually brings money in the door.
When In-House Still Makes Sense
We won’t pretend outsourcing fits everyone. A larger company with steady, high-volume transactions might do well with a dedicated controller on site. The same goes for busy professionals, think doctors, dentists, and attorneys, who want daily hands-on management. Honestly, the smartest setup is often a hybrid. Keep the light daily tasks in-house, and let an outside firm own strategy, compliance, and the heavier work. That way you’re not overpaying for capacity you only need a few weeks a year.
Conclusion
There’s no single right answer here, only the right fit for your size, industry, and where you’re headed. If you’re weighing the cost of another hire against expert support, it may be time to talk with an accounting firm Miami businesses have trusted since 2006. At Miyares Group, we’ve helped companies make this exact call for years. Reach out, and we’ll help you land on the setup that protects both your margins and your time.