Small Business Bookkeeping and Accounting is simply the recording of financial transactions such as sales, purchases, receipts, and payments of an organization. Bookkeepers typically perform these functions. Bookkeeping is easily confused with accounting because the accounting process includes the bookkeeping function, but bookkeeping is just a part of the accounting process. Accountants take the information recorded by the bookkeeper and transform it into a set of financial reports that tell the financial history of the organization for the last month, quarter, or year.
We believe these two processes – bookkeeping and accounting – are critical in the life and growth of a business. Without the history produced by these two processes, the stakeholders have no sense about where they have been, much less where they want to go in a financial sense. When we help clients with their bookkeeping we are helping them with both these processes. It is our goal to not just record the transactions accurately, but to produce financial reports that reflect what really happened, accurately, clearly, and in an organized fashion for ease of understanding and use by business owners who want to focus on running their business rather than spend time bookkeeping for the banks and the IRS.
You have probably heard the old adage, "garbage in, garbage out”. There are some that think that their job is to take what the client gives them and record it in the bookkeeping system, as is, without questioning anything. That’s where the phrase came from. In order to deliver extraordinary service to our client, we know that clients want us to look out for their interest and ask the right questions so that their transactions can be recorded accurately and reflect reality. It takes us a little longer to do it right but our clients say it’s important to be able to rely on their bookkeeping/accounting results and they appreciate our attention to details.
Attorneys, physicians, dentists, veterinarians, farmers, small business owners - distributors, retailers and manufacturers have at least one thing in common - they don't have the time or patience to deal with keeping the books and records for the organization. Until a company reaches a certain "critical mass” it may be more economical to outsource the bookkeeping function to people who live and breathe accounting for a living. Leave the accounting work to the professionals. Save your time for things you enjoy doing, like working "On" your business instead of "In" your business. Call us for help with your bookkeeping needs.
When it comes time to prepare your income tax return or financial statements you can take to the bank at the end of the year, the process is quick and easy if we have been keeping your books all year. Take the pain out of compliance with IRS rules and bank reporting – let us prepare your tax returns and financial statements.
"A very Uncommon CPA firm. Brent Ross and his team are extremely helpful and not only care about counting beans, they care about teaching their clients how to plant and grow the beans! They have unique ways of finding... read more
"I have known Brent and his family for over thirty years and have always had the highest respect for him as a friend, as a Christian, and as our accounting and business consulting partner..." read more
"Brent and his staff have provided excellent services in a timely manner for many years. The Firm is one of knowledge, experience, and integrity." read more
"I have retained the services of Brent and his team for many years. I have found them to be honest, reliable, on top of current law change, and communicate well with me. They have always..." read more
"John and Brent were extremely helpful throughout the start-up and growth phases of the business. They provided timely, clear and useful advice regarding appropriate accounting and tax issues. They took the initiative to..." read more
"Brent Ross and his associates have one of the top CPA firms in Jacksonville. They take the time to understand your business so you can maximize your business. Moreover they bring..." read more
"We had a complicated return of 2 states and 3 jobs and he made the process a breeze. Brent and his staff worked together to help make sure we were ready by our target date..." read more
"Brent is a professional at heart that truly tries to understand the issues you face. He then tries to understand how he can help you, not only from an accounting/tax benefit, but how to..." read more
"Brent has provided outstanding accounting services for me personally and for some small corporations. His ability to track the details from year to year is amazing..." read more
"Brent and his firm have always been accessible, dependable, timely and creative when needed. His insight regarding a company's operations goes beyond crunching numbers..." read more
"Brent Ross is a powerful business coach. His coaching skill and financial expertise are the perfect combination for any business owner..." read more
"Over many years, Brent's firm has represented several of my clients (Disclosure-I am Brent's brother and a practicing attorney), and those clients and myself have found the personnel in Brent's firm to be very knowledgeable..." read more
"I have know Brent for a while now. He does more than just your taxes. He is a true advisor that help business owners unlock more profit in their operations..." read more
"Brent and his team don’t just "crunch numbers”. He provides a variety of services to help their clients improve their businesses. Brent’s cost segregation studies can generate an immediate increase..." read more
"It is without a single reservation that I recommend Brent Ross. I have worked with Brent and the Harrison Assessments organization for a while now ..." read more
Real estate investors have reason to celebrate in the upcoming tax season: The Tax Cuts and Jobs Act significantly expanded the first-year tax breaks for bonus depreciation and Section 179 deductions. But Congress may need to fix one intended change before it can benefit investors. And there are some pitfalls to consider before taking advantage of first-year depreciation breaks for real estate.
Historically, companies that wanted their employees to be protected with health coverage, but didn't want the hassle of having a company health plan, could simply give employees an amount of money sufficient to reimburse them for the cost of buying that coverage or some portion of it. As long as the individuals provided evidence that they used those funds for that purpose, the dollars were excludable from taxable income for the employees.