Mounting startup costs can leave owners and entrepreneurs scrambling for creative ways to save money. They'll do this by taking on as many tasks as possible, including accounting obligations. While this may save them money in the short term, embracing virtual CPA services catering to startups is essential to their long-term financial health.
Virtual CPA services tailored to your startup's distinct financial requirements will set your business up for the future. Virtual bookkeeping thoroughly records financial data, providing the best tools for critical, up-to-the-minute decision-making and forecasting. Accountants use that data to produce financial reports and statements, ensuring you grasp your startup's profitability, cash flow, and economic path.
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For example, when your startup works with 1-800Accountant, our experts will evaluate your current entity structure and make recommendations that could cut your tax bill by up to 50% in the first year.
1-800Accountant protects your startup's data using industry-standard 128-bit SSL encryption. As an added safeguard, our security team remains vigilant and alert to emerging data security threats.
1-800Accountant's proprietary bookkeeping platform, ClientBooks, is compatible with leading bookkeeping software, including QuickBooks Online (QBO), FreshBooks, and Wave. Our bookkeepers are fluent in these platforms, ensuring seamless integration and efficient financial data management.
Virtual, full-service bookkeeping is a cost-effective alternative to an in-house bookkeeper. Rather than devoting resources to a full-time employee, startup founders can hire an experienced outsourced bookkeeping professional to handle financial and administrative functions.
1-800Accountant's payroll professionals can handle your multi-state payroll obligations and file applicable taxes each pay period. Our suite of professional accounting services can scale with your business, ensuring compliance and minimal tax liability in every market.
Most, if not all, of your initial costs will be eligible for deduction as business expenses. This includes the cost of establishing your business entity and filing with state and federal authorities. Any fees associated with starting your business before operation are included. Equipment, hiring costs, and even the accounting and bookkeeping software you buy for your accounting system can be deducted.
1-800Accountant, America's leading outsourced virtual accounting firm, produces reports to help your startup better understand your profitability, cash flow, and financial path. Business owners and entrepreneurs often turn to our firm for help understanding their finances at a high level for tax planning, forecasting, and advice. The insights we produce for your business are based on financial information compiled by your startup's bookkeeper.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
**Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
***Historical first-party data.