Services
Small Business Bookkeeping
The key to success in any business venture, no matter the size, is a clear and complete picture of your financial condition. Running a business without knowing how much money you really have, how much you owe, and how much you are due, is like driving a car with your eyes closed. You may bump along for a while and still be moving more or less forward, but eventually you will crash, leave the highway, or simply run out of gas.
In many ways, well-kept books are like a GPS on your dashboard, not only providing a map of the road ahead, but speaking to you in a clear voice about where you must turn and what obstacles you must avoid to arrive at your destination.
And yet, for too many business owners, bookkeeping consists mostly of a fistful of crumpled receipts in a desk drawer, and a check register that hasn’t been balanced since the account was opened. Their eyes may not quite be closed, but they are certainly peering through a very dirty windshield.
At Bottom Line Bookkeeping & Tax, our goal for our clients is to do more than provide accurate accounting; we want to be your personal profit and growth experts. By discussing your monthly financial statements with you, as well as creating annual business assessments that compare your company to similar businesses nationwide in your industry, we help you see where you are and what it will take to get where you want to be.
Those extra steps make us your partners in success. That’s the true meaning of our motto: “Improving your bottom line is our bottom line.”
Personal & Business Tax Returns
One thing we all have in common is the obligation to file our tax returns every year. Whether you are an individual taxpayer, the head of a family, or a business owner, the IRS expects to hear from you.
If you have given up on the assembly-line tax preparation chains, and you’re sick and tired of investing three Saturdays on do-it-yourself software in order to get an affordable price, we can help!
In addition to our famous $99* income tax return, Bottom Line specializes in education deductions for families, and returns that include retirement and investment income. We also provide free pick up and delivery of your tax information for your convenience, free electronic filing, and generous discounts in exchange for referring your friends and family.
Plus, we can complete resident and non-resident state returns for anywhere in the country (for example, California, Utah, Arizona, Wisconsin, New Jersey, etc.).
Call us at 801-635-9609, or email us at bbrough1040@gmail.com and let us get started saving you both time and money, and relieving your annual tax headache!
*Based on basic 1040 with up to two W-2s, simple Schedule A, and basic state return.
Tax Planning
It has been said that the difference between tax planning and tax preparation is December 31st. When the year comes to an end, it is too late to make changes to your financial position. The amount and sources of your income are fixed; the opportunity to do what will permit you to claim most deductions and credits has passed. The only choice left is to prepare your return and let the chips fall where they may.
For instance, many taxpayers make charitable contributions throughout the year, but neglect to keep receipts that would enable them to verify those expenditures for tax purposes. Some drive considerable distances for medical reasons, on behalf of church or scout groups, to school or for business, and yet make no record of their mileage. They leave hundreds of dollars on the table that could have reduced their tax obligation, or even resulted in a refund.
Business owners are often the worst of the bunch. Many of them are confused about tax rules pertaining to things like business expenses and depreciation. They pay out of their own pocket for business expenditures, or out of company funds for personal purchases, often negating tax deductions that could have benefited them.
That is why we feel that the most important aspect of our job is working with our clients to educate and train them on how to make the small changes that can produce real financial benefits every year.
Best of all, in most cases there is no charge for our consulting. You pay for our service in other ways. Our advice is free!
