The 83(b) election, named after the provision in the Internal Revenue Code that permits this strategy, allows an employee or founder of a business a special option to prepay the...
ACCOUNTING SERVICES
Accounting Services
We believe a strong financial partner is a powerful component in the success of any business. That’s why we work closely with our clients to understand their business needs, so we can provide more than standard financial statements and budgets.
Our 3-step approach to a successful partnership is to:
- First, we dive deeper to understand your business; strength, weakness, opportunities & threats; (SWOT Analysis).
- Next, we leverage our industry specialization to provide you with a customized services that assist you with the categorization of revenue and expenses, revenue recognition, financial statement preparation in addition to other financial metrics.
- Finally, we’ll offer a listening ear when you have concerns about your finances and will guide you through important businesses decisions that could impact your tax liability.
Financial Statement Preparation
When your business incurs revenue and expenses, it is crucial to categorize transactions in a way that makes sense to you while complying with accounting rules and regulations.
Recording financial transactions accurately is an integral part of a successful business. That becomes more important when you are raising capital from investors, or applying for a bank loan.
Zagmout & Company CPAs can help you navigate the accounting rules, and leverage technologies to streamline the record keeping. We also provide accounting software installation and staff training to make sure your business is starting off on a solid accounting foundation.
Payroll & HR Services
On average, small business owners spend eight hours per month on payroll-related tasks. While it may not seem like a lot of time, it does add up–and it takes time away from running your business.
Outsourcing your payroll is more affordable than you think. Zagmout & Company CPAs has helped several early stage startups set up their first payroll, so we’ve developed a keen sense of what matters most to founders as they take this step. While there are many factors to consider, above all you need a payroll system that:
- Allows for growth as your business needs grow; and
- Ensures that your company stays compliant with all tax laws
- Supports and tracks hours worked, salaries, paid time off and other employee fringe benefits.
INSIGHTS
When you’ve landed your first “real” job, it’s also time to get serious about your finances and planning for your future. As tempting as it can be to have a...
Equity compensation benefits allow employees to share in the profits and successes of the company in which they work. They encourage retention and give workers a direct interest in increasing...