Small Business Accounting
Small Business Accounting
Small business clients rely on The McIngvale CPA Firm to provide accurate and timely financial information.
Our firm provides a full range of cost-effective accounting services including the following:
Accounting & Bookkeeping
Meaningful, well-organized financial records ensure that managers can make sound decisions about the course of their business and that they can devote more time to growing their business. Our professionals assist clients in establishing an appropriate accounting system, including QuickBooks accounting software, internal controls, and the development of accounting management reports.
Payroll processing, including payroll tax compliance, is the most complex and time demanding aspect of accounting for a start-up or a growing business. The McIngvale CPA Firm assists clients in registering as employer at the state level, reviewing payroll processing alternatives, and ensuring payroll tax payment and tax filing compliance.
Sales Tax Preparation
Many of our business clients are responsible for collecting and submitting sales taxes in multiple states and municipalities. We assist these clients in compiling information and preparing timely and accurate sales tax returns. Each month, we work with clients on sales tax filings for Mississippi, Tennessee and Arkansas.
Business Start-up Planning
The McIngvale CPA Firm leads clients through the business start-up process, guiding them to make decisions that will determine future success. We assess clients’ individual needs and guide them step-by-step through the complex start-up process, including the following:
Preparing a Business Plan
- Registering with the applicable tax authorities
- Setting up accounting and bookkeeping
- Planning for and preparing payroll and income tax filings
- Selecting a year-end date
- Cash planning and forecasting
- Establishing a legal entity
- Obtaining credit, financing, and insurance
Forecasting is necessary for managing a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in setting and achieving your company’s financial goals.
Generally, for new businesses in need of accounting software, we recommend the QuickBooks product because of its relative low cost and ease of use. We consult with clients on the purchase, installation and set-up of their company QuickBooks file. Additionally, we offer training classes to groups and to individuals in QuickBooks use ranging from the novice to advanced user.