—Don’t take our word for it—listen to our clients share about their accounting success!
So you’re thinking about starting a business. Congratulations! For decades now Montana has been a leader in the states that have the most entrepreneurs. It takes creativity, hard work and careful planning to launch a successful business.
Mill Creek Accounting Services is a small business for small businesses. I, myself, am a small business owner. I know what it takes to be a one-man shop: taking care of paperwork, handling communications, being the director of marketing, managing the books—and in my case—managing other peoples’ books, too! I often wish there were just a few more hours in a day so I could finish up just a few more tasks.
As Mill Creek Accounting continues to grow, we have heard similar themes from our clients—many of which are entrepreneurs just like you. “I didn’t think I could afford an accountant as a startup!” “I wish I would have started working with you before I opened my business!“ I’m so glad you do these things for me so I can focus on my work!”
Let’s take a moment to examine those comments…
1. “I didn’t think I could afford an accountant as a startup!”
Monthly bookkeeping and accounting services for entrepreneurs and startups are far more affordable than you may think. Many of my clients are entrepreneurs and startups—just like you. I offer a complimentary consultation so that we can assess your needs and find the right fit for your business entity. I invite you to contact me to schedule your free consultation. (Contact info is at the bottom of this blog.)
Taxes. Oh my. Taxes can either be a walk in the park on a sunny day—or walk through Central Park late at night. If you’ve been working with an accountant and he’s been balancing your books every month—then during tax season you’ll be prepared to maximize your return. Or, if you’ve been too busy to devote enough time to accounting, you might be scrambling to round up receipts and track down invoices. You’re at risk of enduring unnecessary stress and paying more taxes than are required. If you work with an accountant from the beginning—you’ll be able to keep track of all your business expenses and income so that you can make wise decisions with your money. If you’re scrambling at the end of the year you won’t be poised to make the best financial decisions when you meet with your CPA, which means you could pay a lot more in taxes than necessary.
What I’ve found is that most people don’t have a tax problem—they have a bookkeeping problem. Bookkeeping is an ongoing, monthly process that sets you up for a sunny walk in the park come tax season.
2. “I wish I would have started working with you before I opened my business!”
Studies on business failure show that poor financial planning is a leading reason that businesses do not succeed. There are so many critical decisions to make before you even open your doors to the public.
For example, what kind of business will you be? An accountant will help you decide what type of business entity is right for you. Perhaps you should be an LLC? An S-Corp? This key decision will impact many areas of your business and will affect your profit and taxes. And, if the paperwork is filed incorrectly with the state you’ll be penalized with a refiling fee and a delay in opening your business.
Working with an accountant from the very beginning also means you’ll get a bookkeeping and accounting system designed specially for the needs of your business. Your business will have unique invoicing requirements and you will have personal preferences for how you want to operate your finances. You’ll need an accounting system that is capable of invoicing, accounts receivable, performing financial transactions and more. Does your bookkeeping system interface with your bank accounts? This is a crucial step for balancing your books. As a new business owner, you’re going to be busy all the time. This means it is vital to have an accounting system that is specifically set up for your needs from the beginning. Plus, as your accountant—I’ll show you the tricks to using complex accounting software so that you can navigate your computer programs with ease.
Studies on business failure show that poor financial planning is a leading reason that businesses do not succeed. There are so many critical decisions to make before you even open your doors to the public.
For example, what kind of business will you be? An accountant will help you decide what type of business entity is right for you. Perhaps you should be an LLC? An S-Corp? This key decision will impact many areas of your business and will affect your profit and taxes. And, if the paperwork is filed incorrectly with the state you’ll be penalized with a refiling fee and a delay in opening your business.
Working with an accountant from the very beginning also means you’ll get a bookkeeping and accounting system designed specially for the needs of your business. Your business will have unique invoicing requirements and you will have personal preferences for how you want to operate your finances. You’ll need an accounting system that is capable of invoicing, accounts receivable, performing financial transactions and more. Does your bookkeeping system interface with your bank accounts? This is a crucial step for balancing your books. As a new business owner, you’re going to be busy all the time. This means it is vital to have an accounting system that is specifically set up for your needs from the beginning. Plus, as your accountant—I’ll show you the tricks to using complex accounting software so that you can navigate your computer programs with ease.
3. “I’m so glad you do these things for me so I can focus on my work!”
As a new business owner you’re going to be really, really busy. Time that is spent balancing your books is time you could’ve spent prospecting new business and fulfilling orders.
Time spent managing your money is time you could’ve spent earning money.
Accounting can be confusing. If you’re not familiar with how to choose what kind of business entity to become, how to setup an accounting system and how to manage your books, then you risk spending more time learning how to run your business—than actually running your business. This is a common mistake, and one that you don’t have to endure.
To make matters worse, accounting laws and regulations are updated all the time. These new laws and regulations might save you money, or they might penalize you. But, since you’ve been working with an accountant since before you opened your business—you’ll have someone on your side who keeps up on important accounting matters.
My clients and I build long-term relationships. This means that you have an advocate who is familiar with the ins and outs of your business. You’ll be focusing on your business, your accountant will be focusing on your books. On a day-to-day basis this will free up your time. And, if the going ever gets rough, it means you have a trained professional to help you during difficult times.
If you’re considering starting a business, or if you have started a business then I invite you to schedule a complimentary consultation with me. We can discuss your business and I’ll share with you how my accounting services can help you run a profitable company.
Contact Robert at: [email protected] Phone: 406-926-1057
Mill Creek Accounting Services, LLC was founded with the mission to provide a resource for accounting services to Missoula and its surrounding area organizations. Mill Creek Accounting Services have seen it over and over again, when institutions focus purely on their production and service needs, while they neglected their accounting systems. The results spoke for themselves: unreliable financial information, slow invoicing and payment collections, strained relationships, and crushing stress on owners and staff. There is a better way to do business!
Click here to learn more: www.millcreekaccounting.com. You can schedule a complimentary consultation for your small business in Missoula, MT.