Small Business Accountant in Philadelphia

If you’re worried about audits to your small business or you’re not experiencing a lot of growth for your business, or if you’re not that great with “numbers,” then it may be time to hire a small business accountant or CPA.

At Dale S. Goldberg, CPA, we understand the difficulties and complexities that small business owners in Philadelphia face. And while having an entrepreneurial spirit that drives you to want to do everything yourself may seem noble, you may discover that you are doing yourself (and your business) a great disservice by not having a qualified financial specialist (or CPA) take a look at your finances.

Take a moment to review some of the following issues that small business owners face, and then give us a call at 215.342.4200. Your business and your bank account will thank you!

Common Financial Issues Faced By Small Businesses

Offer in Compromise (OIC)

An Offer in Compromise, or an OIC, is an agreement between a taxpayer and the Internal Revenue Service in which the taxpayer’s tax liabilities are settled for less than the full amount that was originally owed.

For small businesses or individuals with complex tax situations, it is sometimes unfortunately the case that things don’t work out as well as we would like from a financial standpoint. Therefore, you will want a certified public accountant in your corner to help walk you through the OIC process.

At Dale S. Goldberg, CPA, our experienced CPAs are experts at handling OICs and negotiating with the IRS in order to get you on a better payment plan that fits within your current financial situation.

Business Plan:

With more than 5 million people in the metro area alone, the city of Philadelphia is a thriving place for small and large businesses alike. However, one of the major reasons for the failure of small businesses is due to a lack of foresight or investment into a business plan.

According to the U.S. Small Business Administration (SBA), it is estimated that approximately 660,000 firms closed their doors in 2009.

At Dale S. Goldberg, CPA, our financial specialists are well versed in sitting down with small business owners in order to help you come up with a business model and financial plan that will get you started on the right foot. We’ll listen to your business goals and assess where you stand financially in terms of your capital base, budget, payroll and tax planning. If necessary, we also offer training and/or other services using QuickBooks to help you keep an eye on where your monies are going.

In order to grow efficiently, to get financing or to attract investors, a business plan is essential.

Licensing & Laws:

Just starting out on your own with a business venture? Not sure whether or not you should start up as a corporation, LLC or something else?

No idea? No problem. Here, at Dale S. Goldberg, CPA, we provide expert tax service for Philadelphia’s small businesses that goes well beyond simply filing your taxes. For small business owners, we also offer education and training in small business accounting matters. Beyond this, we care about each of our clients and want to see you and your business succeed, which is why our CPAs take the time to walk you through the various laws and requirements for owning a business in Philadelphia.

There is much more to simply having a business name lined up. Part of owning and operating a successful business means having a solid business structure in place. For instance, did you know that by choosing to become a corporation or an LLC, you are protected from liability? Depending on what your business structure is, you may also qualify for different tax advantages that you normally wouldn’t get otherwise.

The last thing that you want to do is expose yourself and lose all of your personal assets. At Dale S. Goldberg, CPA, we can help walk you through creating a business structure that will yield the most successful outcome for your entrepreneurial venture. Our financial analysts and experts are well versed in areas such as:

• Tax problems in Philadelphia
• Corporate taxes
• QuickBooks
• Payroll services for small businesses
• And more…

Bookkeeping:

When it comes to running a successful small business, bookkeeping and accounting are two separate entities that work together. At Dale S. Goldberg, CPA, our firm uses QuickBooks so that small business owners can download all of their financial information safely and securely. We also offer small business owners the option to allow our firm to do all of the bookkeeping. Additionally, our firm is associated with Intuit and has a Certified QuickBooks ProAdvisor on staff to assist you with any questions or concerns that you may have.

Other bookkeeping services that we offer include:

• Complete write-ups, reviews & compilations
• Bank account reconciliations
• Professional preparation of financial statements (which arms you with timely information that is necessary in order to make critical decisions
• Complete payroll services, including payroll tax returns as well as the option to have us cut your payroll

Tax Preparation:

At Dale S. Goldberg, CPA, our goal is to provide affordable, outstanding small business accounting solutions to small business owners in the Philadelphia area. This includes some of the following tax preparation services:

• Preparation of individual and business tax returns for federal, state and local taxing authorities
• Electronic filing of tax returns
• Representation with tax authorities, as needed
• Prepare communications in response to taxing authority’s notice
• Calculate estimated payments, as needed
• Tax planning