Trusted Chicago Startup CPA
For a quarter-century, our team of certified public accountants at Susan S. Lewis, LTD. has served entrepreneurs and those in startup businesses with expert accounting, tax preparation, finance, and consulting. Doing business successfully means close attention to revenues and expenses, but also understanding the legal and compliance issues that dog companies. Our CPA services for startups keep you on top of where things stand in terms of profit and loss, among the other dynamics of new business cash flows. At the same time, our startup tax advisors keep tabs on where liability can be minimized to best preserve money.
The Impact of Outsourced Accounting Services for Startups
- Streamlining Business Structure Selection: Navigating the maze of business structures, from C-Corps to LLCs, can be overwhelming. Outsourced accounting firms specialize in guiding startups through this decision-making process, tailoring recommendations to suit each business's distinct requirements.
- Optimizing Burn Rate and Cash Flow Management: Maintaining a healthy burn rate is crucial for a startup's survival. Outsourced accounting services keep a vigilant eye on your business's runway and offer proactive strategies to extend it and ensure financial stability.
- Maximizing Tax Credits and Savings Opportunities: Startups often qualify for valuable tax credits such as the R&D tax credit. Outsourced accounting firms specializing in startups possess the expertise to identify and capitalize on these potential savings, bolstering your bottom line.
- Efficiency Through Time Savings: As a startup founder, your focus should be on scaling your business. Outsourcing accounting and bookkeeping tasks frees up valuable time that can be redirected toward business growth initiatives.
Our Tax Services for Startups
Entrust your startup's financial well-being to our dedicated team of startup tax accountants. From tracking quarterly obligations to navigating audits with confidence, Lewis.cpa is your reliable partner in managing all aspects of your startup's tax journey.
Tax Preparation
New enterprises cannot delay when taxes are due. Lewis.cpa can track and project how much money is due quarterly and annually, file forms and extensions, and even represent you during audits or disputes.
Tax Planning
Seamlessly navigate tax complexities and uncover hidden opportunities for savings. Our proactive strategies empower your startup to stay agile and competitive in today's market landscape, paving the way for sustainable growth.
IRS Representation
We owe it to you to come alongside you should a dispute with the Internal Revenue Service arise. We can boast of a record of successful resolutions.
Our Startup Accounting Services
Our accounting advice for startups can begin at the embryonic stages and conclude when you sell your thriving business. We have done it all before, no matter the industry, and we've worked with many companies.
Bookkeeping
The nuts and bolts of accounting or a bookkeeping system can be a tedious and time-consuming chore for the beginning business. We do accurate and comprehensive bookkeeping for startups so you have time to focus on making money.
Payroll Services
Our startup business accountant service also processes payroll efficiently, holding to a zero-defects policy so that employees receive funds in their bank account quickly.
Financial Statements Preparation
Every finance professional should know the importance of detailed financial statements laying out all the financial transactions that are free of error. We provide just those items and can even pore over bank statements during the bookkeeping process, and we know your market.
Financial Planning and Analysis
Given the wealth of knowledge and expertise at Lewis.cpa, we are well able to include budgeting and forecasting using the latest tools for your financial model. Looking at your financial information, we can even check out your burn rate and cash on hand, to ensure that your finances are in order. With our expertise, we can determine when you may need to raise funds or even start hiring.
CFO Services
Optimal credit usage, capital formation, and balancing payables and receivables are some of our areas of specialization that can boost the future of any startup.
What Does Our Accounting Process for Startups Look Like?
Why Choose Us for Startup Accounting?
As your dedicated accounting firm for startups in Chicago, Lewis.cpa offers expertise and support to fuel your growth journey. Discover why we're the preferred choice for entrepreneurs seeking financial excellence.
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