Small Business Accounting

Our premium standard Small Business Accounting service will record, track, and process the financial transactions of your business. It turns what can look like an illegible mass of numbers into useful information from which you can understand how your business is performing and make plans for the future. Here at Knight Business CPA, we are pleased to offer a reliable Business Accounting service that you can trust to help your business flourish. For the number one Business CPA in Hollywood, FL, get in touch and we will be glad to help!



What is small business accounting?
Your small business will only benefit from our premium standard accounting services. We can support you to understand your finances, and then plan and prepare for the future, alongside making sure that you are in line with the relevant legislation and taxation laws. You will be paired with your very own accountant who will track all incoming and outgoing finances for your business, including all payments, sales, purchases, and liabilities. It is incredibly nuanced but in essence boils down to Bookkeeping, the creation of financial reports, and filing your tax returns. With all of the information provided, you can create a successful and comprehensive plan for the future!

Bookkeeping

Going hand in hand with our Accounting service, Bookkeeping is the process where we understand your day-to-day finances. Our expert bookkeeper will track and store the data for all incoming and outgoing payments, including salaries paid, expenses, taxes, and more. Essential for your end-of-year tax returns as well as to track your financial status, our bookkeeping service can be relied on for meticulous attention to detail, achieving absolute accuracy.

Financial Reports

The financial reports created by your highly skilled CPA will enable you to have a clear understanding of the current success of your business, and how you can plan and prepare for the future with your Business Plan, Tax Prep, and Tax Plans. These reports can be provided monthly or in periods as agreed by you. The information included will be an income statement, cash flow statement, retained earnings statement, and a balance sheet. This will support you when it comes to preparing end of year reports and getting ready for the tax season, as well as keeping on top of how things are going. If you have stakeholders they will require these reports regularly.

Your Tax Return

At the end of every financial year, your business has to provide tax returns to the relevant government bodies. Usually, three will be required, for your Income Tax, Sales Tax, and Payroll Taxes. These must be correctly filed to avoid costly fines. Our expert CPAs will ensure all required documents and data are in place, on time, and with accurate calculations so that your business remains in line with correct legislation. This can be an incredibly complex process to undertake yourself. Make your life easier by outsourcing to people who know exactly how to get your Tax return right!