For many small business owners, even the mention of the words “bookkeeping” and “accounting” can cause undue stress and pressure. Most started their businesses to pursue their passions, not to get mired down in mundane financial tasks. But to run a successful business, managing your finances effectively is a must. The good news is, you don’t have to go it alone or be a spreadsheets expert to get it right.
Bookkeeping consists of keeping accurate records on incoming and outgoing cash (cash flow) for your small business. This means recording all financial transactions your business incurs, including all expenses and income. Accurate bookkeeping helps you gain financial confidence as well as maintain compliance with IRS tax regulations. It’s a key component of running your small business, and better understanding your financial statements will make you a more strategic, forward-thinking small business owner.
If you’re self-employed or own a small business, Block Advisors, a team within H&R Block, can manage your bookkeeping needs as well as help you with your small business taxes. The team of small business account managers can help get and keep you on track and ensure your books are accurate, which could save you time throughout the year.
“We offer monthly bookkeeping services for businesses like C corps, S corps and partnerships. We also have options for those with a business of one,” said Paul Ramos, director of small business tax for H&R Block. “We serve businesses of all sizes and at every stage. Let us do the heavy lifting so you can get back to doing what you love. And rest easy knowing we’re available if you need us.”
When Block Advisors’ small business tax client Empowered Center restructured as a single-owner LLC in 2018, they found themselves in need of bookkeeping assistance.
“Our initial business administrator tried her best but had little guidance from ownership who were simply therapists wanting to help clients, and thus had limited financial training,” said owner Nicholas A. Maio-Aether, MAMFT, MSPSY, LBA, BCBA. “Block Advisors was immediately helpful because they identified mistakes and helped us quickly rectify them. They also helped us pay some fines we didn’t even know about before they got out of hand. We also started to understand all the areas where we were spending money so we could start cutting costs and saving for the first time.”
He goes on to say, “This has made living life possible again for Empowered staff, who are no longer struggling because of our bleeding hearts. Rather, we can continue helping and serving intersectional clients while still putting bread on our own tables each night. Thank you to our Block Advisors tax pro Claudia Bradshaw and bookkeeper Laura Young.”
Working with Block Advisors is easy; get live help in-person, via phone, or video, and share all documents securely via the cloud. If you’re self-employed or own a small business, put your books in great hands with the Block Advisors 100% accuracy guarantee. Schedule a free consultation today.