Services

Accounting Services for Startups.

Our Mission

Accountit is a specialized accounting and tax firm that focuses on providing comprehensive support to startups and early growth businesses. Our expertise lies in helping startups effectively navigate their financial data, enabling them to gain control and plan strategically for the future. When you partner with us, you receive the advantages of having a virtual CFO without the high cost typically associated with such services. Our team can assist your business in achieving growth through services such as real-time budgeting, cash flow forecasting, tax planning, and implementing improved bookkeeping practices. With our support, you can drive your business forward with confidence and efficiency

  • Incorporation and Registration with state agencies (Advice for C-Corp, S-Corp versus LLC)
  • Registration with the IRS & state agencies (EIN Number, Sales Tax ID,Unemployment Tax ID)
  • Business plan development
  • Cash flow management
  • Revenue recognition
  • Legal business structuring

  • Payroll & Insurance setup

Raise Capital

Securing sufficient funding is often the primary challenge for startups on their path to success. At Accountit., we specialize in providing guidance and advice to startups at various stages, whether they are pre-revenue, have secured seed funding, or are seeking series A funding. We understand the crucial importance of organizing your finances effectively as the initial step towards attracting capital investment for your business. Our expertise can assist you in preparing your financials, developing accurate projections, and presenting a compelling case to potential investors. By working together, we can help you overcome the funding barrier and set your startup on a trajectory for growth and success. We can help.

  • Profitability assessment
  • Secure a business valuation
  • Fine tune your business model
  • Streamline expenses

Tax Preparation Services

Navigating the complex landscape of payroll taxes, federal taxes, state taxes, and sales taxes can be overwhelming for startups. At Accountit., we specialize in working closely with startups to optimize deductions and minimize year-end tax liabilities. Our goal is to ensure that your business takes full advantage of available tax benefits. Additionally, we offer personal tax return preparation services for business owners, ensuring seamless integration between personal and business tax obligations. In the event of any IRS disputes, we provide comprehensive support by addressing and responding to letters from the IRS, helping to resolve any issues efficiently and effectively. With our expertise and personalized approach, we strive to alleviate the tax burden on your startup and keep your financials in compliance with tax regulations.

  • Tax projections and year-end planning
  • Business income tax returns
  • Estimated tax calculations
  • Representation for tax audits
  • Extension forms
  • Quarterly estimated payments
  • Personal tax return preparation
  • IRS dispute resolution

Bookkeeping

At Accountit. our mission is to support your success by providing customized services that streamline your business operations. To achieve this, we leverage industry-leading platforms such as QuickBooks Online. These cloud-based solutions offer secure access to your financial data, ensuring that you can conveniently manage your finances from anywhere, at any time. By utilizing these powerful tools, we enable you to stay connected with your financial information, make informed decisions, and maintain a strong financial foundation for your business. With our tailored approach and cutting-edge technology, we are dedicated to helping you thrive in today’s dynamic business environment. We offer:

  • Certified ProAdvisor for QuickBooks Online.
  • Quickbooks account setup
  • Financial statement preparation
  • Organize balance sheets, income statements and cash flow statements
  • Bill pay services include:

    • Paying vendor bills
    • Invoicing customers
    • reconciling cash and credit account

Startup Virtual CFO

As an entrepreneur and small business owner, your time and resources are valuable and limited. At Accountit., we understand the challenges you face in managing multiple responsibilities. That’s why we offer comprehensive services to handle the tedious and time-consuming duties of business ownership. By entrusting us with tasks such as bookkeeping, payroll management, and financial reporting, you can free up valuable time and energy to concentrate on growing your business. Our expertise and dedication allow us to efficiently handle these essential tasks, ensuring accuracy and compliance while providing you with the peace of mind to focus on what you do best – driving your business forward. We provide:

  • Financial statement analysis
  • Cash flow projections and analysis

  • Profitability analysis
  • KPI analysis breakdown including:

    • Return on Equity
    • Profitability Ratio
    • Asset Turnover
    • Revenue growth
    • Gross Profit Growth
    • Trends, and more.
  • Accounts receivable/payable management
  • Comprehensive payroll services and more