Do I Need a CPA For My Business featured image

The short answer to this question is YES. In this article, we explain why. When you sign on with JStevens Accounting, we can help with every stage in a business’s financial life cycle. From determining what structure works best for your new business, to filing year-end tax returns, we make compliance painless.

One of the best reasons to get professional bookkeeping and accounting help for your business is your bottom line. As seasoned pros, we can spot areas of opportunity in your company’s books. Getting advice early on makes sense.

Setting Up

The way you structure your business and set it up at the beginning affects the way you file your taxes. A sole proprietor files under their personal social security number on an individual or joint tax return.

Partnerships and LLCs file differently, and corporations are different from all other types of business structures. We will be able to tell you whether you’re responsible for a Personal Property Tax return or not.

Throughout the Year

We will also be able to help you complete the necessary forms to comply with all the filing requirements. We will keep all the necessary dates front of mind, so you won’t miss any deadlines. This will keep you free from penalties and fines.

We can handle all the headaches involved with payroll. Let us take care of that, while you take care of running the business. Tax collection and deposits, wage garnishment, 401k deductions… you name it, if it has to do with your finances, we will manage it for you.

When the end of the year approaches, there’s nothing like having a professional to help you with tax strategies. Learn from our office what actions will be most effective in legally minimizing your tax liabilities.

Wrapping it Up – Year End Accounting

We will help with your year-end accounting, as you close the books for the twelve-month cycle. We can make sure the books are balanced, and prepare year-end financial statements for you. Let us assist you with issuing W-2s and 1099s.

Once you’re through with those checklist items, it’s TAX TIME. We stay up to date on all the latest updates to the tax code, and can determine the best course of action for you and your company.

Is it Worth It?

Nothing can be more counterproductive than getting hit with fines and penalties from the IRS, or the state. Even if you have a full-time bookkeeper, having a CPA review everything from time to time keeps things running smoothly, and catches errors before they become disasters.

You can count on JStevens Accounting to keep your finances in order, and give you real-time advice on business decisions which affect your budget. Remember, we can handle all financial aspects of your company’s financial health, or provide other, stand-alone help as needed. Call us today and make an appointment to discuss your needs.