Monthly Accounting

Monthly financial statements are at the core of understanding your business.

The numbers tell the story of your business, and we want to provide you with the tools you need to make data-driven decisions. Our team will provide monthly reports with insight into the growth or struggles of your business. While many other CPA firms stop there, we go further and use those reporting tools to help you manage your business by:

  • Spotting trends across revenue and expenses.
  • Understanding how your revenue is being generated and how it compares to your goals.
  • Ensuring your expenses are in line with expectations.
  • Comparing your business to other businesses
  • Making suggestions on ways to increase growth and profit.

Taxes

For most service-based businesses, federal and state taxes are second only to payroll when considering the largest expenses.

Surprisingly, most business owners are not aware that income taxes are so high on the list. We will work with you to take advantage of the benefits of owning a business to minimize your income tax liability.

We offer a unique approach to handling income taxes. We find it best to formulate a tax strategy based on a three-year purview, as opposed to focusing on just the single year ahead, to maximize legally allowed tax savings. For example, we may suggest delaying an equipment purchase from one year to another if it will result in a large tax benefit in the following year.

Maximizing Profitability

Choosing a CPA firm that understands your industry and helps you adapt your business model is an important step toward meeting your goals.

We aim to take the financial unknowns out of your business and set you up for the highest possible level of success. We focus on ways to run your business as efficiently as possible to drive your bottom line.

Our philosophy is that running a business at its highest potential will make achieving your goals a much more fulfilling journey. One of the best ways to do this is to focus on growing revenue rather than cutting expenses. A focus on revenue is just one part of our process, which is why partnering with Lischer CPA is key to maximizing profitability.