Accounting & Bookkeeping
Over the past nineteen years we have worked with hundreds of small-
to medium-sized business, from small service businesses that are
operated from the corner of the living room to established businesses
with a staff of accountants. Either way, the needs are the same:
A bookkeeping and recordkeeping system that provides management
with accurate and useful information and is easy to maintain. The
complexities of some businesses make this a difficult task, but
in most cases a system can be developed that can give you what you
need without having to devote a huge amount of time and resources
to it. There are two reasons that a business must maintain some
type of recordkeeping system:
1. It’s the law! IRS requires that you report the income and expenses from any business that is operated for a profit, and records must be maintained which clearly support the income and expenses claimed.
2. Second, and more importantly, to manage your business! It is essential to the success of any business to know where your money is going every month, every quarter and every year, so that you have the information you need to make sound business decisions.
Most individuals who start a business know very little about how to run a business. They are very good at buying and selling something, or can provide an excellent service, but need help with setting up accounting systems, choosing the proper business form, and filing the various reports and tax returns required by government agencies. Many times such individuals delay these important considerations until the “business gets going” or until “I have the time”. Don’t make this fatal mistake! Income tax and payroll tax problems, or the lack of financial statements needed to acquire financing have destroyed thousands of otherwise successful businesses! We can help you set up systems that will work for you so that you will not have an overwhelming burden upon you when the times comes to file these reports.
1. It’s the law! IRS requires that you report the income and expenses from any business that is operated for a profit, and records must be maintained which clearly support the income and expenses claimed.
2. Second, and more importantly, to manage your business! It is essential to the success of any business to know where your money is going every month, every quarter and every year, so that you have the information you need to make sound business decisions.
Most individuals who start a business know very little about how to run a business. They are very good at buying and selling something, or can provide an excellent service, but need help with setting up accounting systems, choosing the proper business form, and filing the various reports and tax returns required by government agencies. Many times such individuals delay these important considerations until the “business gets going” or until “I have the time”. Don’t make this fatal mistake! Income tax and payroll tax problems, or the lack of financial statements needed to acquire financing have destroyed thousands of otherwise successful businesses! We can help you set up systems that will work for you so that you will not have an overwhelming burden upon you when the times comes to file these reports.
Our firm is a tax and accounting practice, working for individuals and businesses. We understand our clients' needs and wish to ensure their financial success, through clear and responsive communication, that we might further their interests. We use professional and trustworthy approaches to minimize our clients' tax payments while maximizing their income.