How to Start an Accounting - Bookkeeping Company
This article assumes you have a bachelor's degree in accounting and at least one year of experience generating basic financial statements for small businesses or homeowner associations.
To start your own accounting business, you must have excellent computer skills and preferably knowledge of the following programs: (1) Quick Books, (2) AppFolio, (3) Payroll, and (4) Tax Returns.
Unless you are determined to own 100% of the entire businesses, you may want to associate with a co-owner of a company that will become your first significant client, and who is capable of referring other significant clients to you. The object is to have your co-owner/client cover your basic income requirements while you are building the business. If this concept is attractive to you, contact us. We may be able to match you with the right person.
You will want to select three or four target industries to get you started. Growing industries in need of accounting-bookkeeping services include (1) Property Management Companies, (2) Security Guard Companies (3) Law Firms, and (4) Insurance Agencies.
If you have the knowledge, experience, and burning desire to start your own accounting firm, call us. We can help you get started.
Cost Segregation Analysis
Cost segregation consists of a process whereby building components that can be depreciated over a relatively short time (5 to 15 years) are identified and reclassified so that accelerated depreciation can be calculated and claimed by the building owner, resulting in the significant deferral of state and federal income taxes and greater cash flow. See more.