This is the Big Reason most small business owners never save real dollars on their taxes. Most owners don’t have help in tax planning during the year.
It’s like someone going to the doctor after a whole year of eating poorly. If they’re asking the doctor to lower their cholesterol, they’re starting too late. Aren't they?
I want to share one story that shows how we usually help our clients. We’ll call the client Mr. P (no real names- client confidentiality is very important to us). His business is three years old and has two employees. Mr. P feels he should be making money, he has good sales every week. But some months there is very little money left in the bank.
Before he joined the Bon Accounting business family:
- Mr. P wasn't sure how big his tax bill would be at the end of year.
- He also wasn't sure if he was doing everything right with his books. He hoped that there wouldn't be a Big problem at the end of the year.
- And sometimes he didn't have enough information when he needed to make business decisions.
Here's what we did to help:
We set up and manage the bookkeeping for Mr. P’s office. He gets important information every month. Here's a small example:
|
|
August |
September |
October |
Expected Budget |
|
General expenses |
2,000 |
2,100 |
2,100 |
2,000 monthly |
|
Payroll |
6,000 |
7,000 |
7,500 |
6,000 monthly |
|
Business income taxes |
500 |
|
500 |
500 monthly |
Now Mr. P can see what's happening with his expenses. He can now answer some important business questions. Are expenses getting larger every month? Are there any expenses that cost more than expected? We can also see when something dangerous happens. We can see quickly, that the office person forgot to pay taxes in September. We can also see that payroll is going up each month, but this wasn't expected.
The client can now fix all these problems early, before they get out of control.
And this system works without taking up the owner's time. Our office will do the bookkeeping and accounting for you. Don't sweat the paperwork headaches!
Our clients are very happy with our services, while they know that we are not the cheapest guys on the street. You don't get this level of first-class support from “cheap guys on the street.” Many bankrupt businesses used cheap accountants, or unqualified bookkeepers.
We suggest doing something different from what the broke businesses did!
Sometimes a new owner asks, “If we use bookkeeping software, do we need an accountant?” To answer, let me ask a few questions. Can the software figure out what key numbers need to be watched in your business? Can computer software replace human judgment? Can the software recognize mistakes made, and fix them? Accounting software cannot replace a professional!
By the way, we are Quickbooks experts, and we know that software very well. We also work with other programs, just tell us your preference.
Your business is very important, and we appreciate that.
If you take care of it, it will take care of you. Your business should pay for your lifestyle, your children’s education, and your retirement. If your business isn’t paying you everything you deserve, shouldn’t you improve things? Wouldn’t it help you improve faster if you got the right professional support?
Getting more professional support might help an owner run their business better and make more money.
Using our services means that some clients don’t need as many employees. This means that they save on payroll costs.
Let’s compare hiring a bookkeeping employee to using our professional services.
|
|
Bookkeeping employee |
Costs |
Using Bon Accounting |
|
Recruitment |
You must recruit to find even average workers |
Expense of your time & money |
Recruiting is not needed when you use us. |
|
Training |
Employees need continual training (every year) |
Expensive. Will employee retain what is taught? |
Our cost not yours. And we do a lot of training |
|
Overtime, taxes |
Depends on skill & situation |
Adds up at 1.5x pay rate |
Doesn’t exist when you use us. |
|
Knowledge |
How to judge the bookkeeper’s skill? |
Risk of lost opportunities, messed up books |
Getting it right is Priceless. See what clients say about us. |
|
Supervision |
Necessary. Employees must be supervised & managed. |
It’s expensive because it requires your time. |
None of your time used, but you get the benefits. |
Think about the cost of hiring just one rookie bookkeeping employee making $14 per hour. Adding payroll taxes & workman’s comp the cost is at least $16.50 hourly (probably more).
Consider that a 40 hour week costs $660 (16.50 hour x 40 hours = 660).
So the cost for just 1 employee, just 1 month, is $2,838 !
($660 x 4.3 weeks per month = $2,838)
And we haven't added the cost of vacation and benefits yet!
Plus, a new bookkeeping employee will need training (more cost).
How do you decide what training is best? (more $$$ and your time?)
How to measure that a bookkeeping employee really knows what they say they know in the interview? How do you measure this before a crisis? Before you go to your bank? Before an IRS audit?
What is the value of having your books kept correctly? Priceless.
Owners need to know their business numbers. If they don’t know what’s going on, how do they know what needs to be improved in the business? How do they know what dangers to avoid or correct?
Our staff can take care of all your accounting and bookkeeping needs. You’ll get the expertise and support of our entire professional office. You'll have a team assigned to your file, usually a bookkeeper and an accountant.
If you already have a good bookkeeper working in your office, you may be interested only in accounting support. If this is the case, write this out in the reply form at the end of this web page.
Here’s what a few of our clients say about us:
“For many years Bon Accounting has taken care of our complicated business taxes.” Mr. O Betty, Pres., 7Beards Recording Studios, Miami Gardens, FL
“My company consults with Bon Accounting on all major financial decisions. They’ve kept my books for years. Great business advice you can use in the real world. True professionals.”
Mr. K Desire, business owner, North Dade, FL
“For six years you’ve given us expert advice on our business and taxes. Recently, we decided to expand the business. You gave us valuable help on our business plan.” Ms. B Carroll, owner, East Coast International, Miami Beach, FL
“I had my hands full trying to grow the business & make everything work. Bon Accounting took a big load off me by handling our books and taxes.” Ozzi Perez, owner, AnaCapri, North Miami Bch
“You’ve helped us on many projects, business plans, and business taxes. Excellent job always!”
Ty Javellana, CEO, Nextream, Hallandale, FL
“Hervé, let's face it, in today's day-and-age there really is no
service in the service business anymore. That's why it was nothing shy of a refreshing burst of fresh air to have had the opportunity to work with you on two different occasions, in a consulting capacity. While most "professional" consultants are more concerned with showing me how much they know, you were far more concerned with showing me how much you care about my success. Your answers to my questions were well thought-out and very comprehensive, and your concern about being thorough and precise (precision for results sake, not for "anal- retentiveness" sake), was quite apparent.
I am a very busy and demanding professional and give 110% effort in everything I do, and with this same 110% confidence, I can say it was a pleasure doing business with someone like yourself, who has a similar work ethic and vested interest in their client's success.
If anyone has any doubts about your ability to help them, please feel free to have them contact me and I will be happy to personally reassure them of their decision. Thanks Hervé.”
Craig Garber (kingofcopy.com) - Lutz, Florida
Here's a short list of important issues to consider, without the details. The details aren't necessary, because we take care of these issues for our clients. (But if you're curious, you can ask us later)
- What your bank requires you to do to be protected from fraud and theft in your business checking account. But banks don’t clearly explain and 90% of owners fail to do this!
- How to prevent a business breaking tax bill at the end of the year? 2 key strategies
- How to determine the key numbers to watch in your business?
- How to legally save taxes on the money you pay yourself as owner? Most owners do this wrong. They risk an IRS audit and they're losing money.
- How to verify that your books are correct? 92% of owners don’t do this!
- How can bookkeeping information help you know if your advertising is working?
Our Guarantee: Join our business family and I'll give you 90 days to verify that we are giving you the professional support that you need. If not, cancel the service and I will refund your monthly fees. The risk is on us, not you. Is that fair enough?
If you are interested in the first class accounting support that we talk about here, fill out the form at the end of the page. The form is to request a 20 minute phone conference.
The phone call will give you an idea of what new solutions exist for your specific needs. The call will let us know more about your business and about you. We should both have more information before deciding on any next steps.
Please be aware that December is a very busy month because of year end and taxes coming due. Sometimes we have to set up a waiting list in December.
Complete and click send to return the request form at the bottom of the page.
Yours on the success journey,
H Bony, owner of Bon Accounting
P.S. How far can you go with the right professional accounting & bookkeeping support that helps you make better decisions & avoid dangers? (Without taking more of your time)
P.S.S. What's it worth to have Freedom from I.R.S. stress?
EVALUATING & SELECTING A PROFESSIONAL ACCOUNTANT
