Home Based Business Tax and Accounting

Home based business tax and accounting has become an important area for our CPA firm as our world has developed. Operating a home based business has continued to grow in popularity over the past few decades. Having the convenience of technology, this has become a viable opportunity for you to be more mobile and run a business from your home giving you the flexibility you need in your busy life.

The fundamentals of home based business tax and accounting is very similar to other businesses, but offers some unique aspects that our Springfield, OH CPA firm can assist you with navigating.

You will be wearing many hats as an entrepreneur and by surrounding yourself with an experienced team, this greatly reduces your time working in the business and allow you to work on the business thereby growing your enterprise to reach your goals.

Our team at BGMF CPAs can you help make your life easier and guide you through the complex areas of accounting, financial statements, payroll reporting and taxes to ensure you’re reporting properly and getting all tax deductions available to home businesses. Let us take this one frustration from you so you know exactly where you stand financially each week, month and year. This allows you to focus on the responsibilities of running the business.

Specialized Services for Home Based Business

BGMF CPAs has both knowledge and experience working with a variety of home based businesses from traditional accounting and tax services to specialty services that impact entrepreneurs of businesses ran remotely or out of their home offices. Below is a small list of ways our firm can assist:

  • Business entity review and selection
  • Accounting support and system set up (i.e. QuickBooks)
  • Financial statement review and reporting
  • Cash flow management
  • Raising money and debt management
  • Payroll assistance
  • Software review and implementation
  • Strategy sessions
  • Tax planning and preparation
  • Tax deductions specific to home based businesses
  • Retirement plan selection assistance