Your Small Business Accountant in Detroit
We can potentially minimize your tax burden by $10k to as much as $1M, as well as, help you to grow your business profitably.
Serving the Detroit area’s 3,522,2060 residents and 54,126 businesses spanning Brush Park, Corktown, Downtown Detroit, and beyond for all of your Detroit Small Business Accountant needs.
Trusted by Detroit Business Owners
Frustrated with Your Current Detroit Accountant?
If you’re reading this page right now, then you’re probably:- Fed-up with your accountant failing to return your calls
- Concerned that delinquent financial reporting will jeopardize your financing
- Aware that your Small Business Accountant in Detroit has dropped the ball with the IRS, your bonding company, or insurer
- Uncertain what your accountant is or isn’t working on
Here's Why Most Tax Advisors FAIL Small Business Owners
Most Accountants are “generalists”. They work with anyone.
They’re “jacks of all trades and masters of none.”
“We’ll keep your hard-earned money from going to the taxman because small business tax minimization is what we do ALL DAY, EVERYDAY – even while we SLEEP!”
Meet Your Partners
Allen Ming
Practice Principal
David Puotinen
Tax Manager
Belford E. Voegelin
Senior Associate
Jivanne Foster
Senior Accountant
Three Reasons to Work With Us
A Focus on Owner-Managers
Our practice is organized to serve private companies and their Owners. We offer exceptional service that is focused on increasing profitability, preserving wealth from tax and increasing your net worth.
Proven Track Record
We’ve been consulting Business Owners for over 15 years. Small Business Accountant Detroit is dedicated to your success and treats your business as if it were our own.
Expert Solutions to Your Problems
New problems arise every day for Business Owners. We offer Partner-level attention and implement tailored solutions to your tax, accounting, and other business problems.
We Strive for World Class Service
Switching Accountants Is Easier Than You Think
Switching accountants only seems like a major pain in the butt…
But in reality, it’s a brief communication with your current accountant:
“It’s time for a new direction. Please send my books over to Accountant Partners. Thank you for your service.”
Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.
We’ll Integrate with Your Cloud Accounting Software
Small Business Accountant Detroit Also Serves Cities Around Detroit, Michigan:
Hamtramck, MI
Highland Park, MI
River Rouge, MI
Grosse Pointe Park, MI
Dearborn, MI
Melvindale, MI
Ecorse, MI
Lincoln Park, MI
Harper Woods, MI
Grosse Pointe Farms, MI
Hazel Park, MI
Wyandotte, MI
Allen Park, MI
Ferndale, MI
The Only CPA Firm with a Pricing Guarantee
Our pricing guarantee is simple: If we don’t quote you upfront for the work, we don’t expect you to pay. Whether that’s in our first engagement with you, or it’s in 20 years from now.
You’ll never receive an unpleasant surprise in our invoicing.
Our guarantee makes it a no-brainer to work with Small Business Accountant Detroit.
Bookkeeping Service Toronto
68 Ontario St, Toronto, ON M5A 2V1, Canada
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Bookkeeping Service Vancouver
5 E 6th Ave, Vancouver, BC V5T 1J3, Canada
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Bookkeeping Service Mississauga
120 Traders Blvd East, Mississauga, On L4Z3K7
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Bookkeeping Service San Antonio
9800 Lorene, San Antonio, TX 78216, United States
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Bookkeeping Service Dallas
5065 Amesbury Dr # 308, Dallas, TX 75206, United States
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Bookkeeping Service Houston
6650 Corporate Dr, Houston, TX 77036, United States
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Bookkeeping Service Austin
6836 Austin Center Blvd Ste 260, Austin, TX 78731, United States
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Bookkeeper Toronto
68 Ontario St, Toronto, ON M5A 2V1, Canada
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Bookkeeper Vancouver
5 E 6th Ave, Vancouver, BC V5T 1J3, Canada
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Bookkeeper Mississauga
120 Traders Blvd East, Mississauga, On L4Z3K7
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Bookkeeper San Antonio
415 Shannon Lee St, San Antonio, TX 78216
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Bookkeeper Dallas
5065 Amesbury Dr # 308, Dallas, TX 75206, United States
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Bookkeeper Houston
6650 Corporate Dr, Houston, TX 77036, United States
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Bookkeeper Austin
6836 Austin Center Blvd Ste 260, Austin, TX 78731, United States
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Small Business Accountant Toronto
4 Collier St, Toronto, ON M4W 2G9
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Small Business Accountant Los Angeles
120 W Wilson Ave, Glendale, CA 91203
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Small Business Accountant New York City
304 Community Dr Unit 2A, Manhasset, NY 11030
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Small Business Accountant San Diego
888 Summer Moon Rd, San Marcos, CA 92078
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Small Business Accountant Atlanta
212 Amy Overlook, Atlanta, GA 30349
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Small Business Accountant San Francisco
2407 Lincoln Way, San Francisco, CA 94122
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Small Business Accountant San Jose
980 Fair Ave, San Jose, CA 95122
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Small Business Accountant Phoenix
3225 W Galvin St, Phoenix, AZ 85086
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Small Business Accountant Chicago
3940 N Nordica Ave, Chicago, IL 60634
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Small Business Accountant Detroit
13216 Crofton Ave, Detroit, MI 48215
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Small Business Accountant Miami
1401 SW 22nd St, Miami, FL 33145
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Small Business Accountant Denver
7755 E. Quincy Avenue #59, Denver, CO 80237
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Small Business Accountant Charlotte
1206 Georgetown Dr, Charlotte, NC 28213
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Small Business Accountant Columbus
462 E Clearview Ave, Columbus, OH 43085
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Small Business Accountant Sacramento
4830 Watt Ave, Unit 15, North Highlands, CA 95660
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Small Business Accountant Austin
4711 E Riverside Dr, Austin, TX 78741, United States
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Small Business Accountant Oklahoma City
338 Whispering Ln, Newcastle, OK 73065
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Small Business Accountant San Antonio
415 Shannon Lee St, San Antonio, TX 78216
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Small Business Accountant Ottawa
6 Young Road, Ottawa, ON K2L 2X2
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Small Business Accountant Dallas
5065 Amesbury Drive Suite 308, Dallas, TX 75206
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Small Business Accountant Mississauga
2175 Dunwin Dr, Mississauga, ON L5L 1X2
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Small Business Accountant Vancouver
755, Burrard St,Vancouver, BC V6Z 1X6
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E-commerce Accountant Toronto
68 Ontario St, Toronto, ON M5A 2V1, Canada
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E-commerce Accountant Vancouver
5 E 6th Ave, Vancouver, BC V5T 1J3, Canada
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Amazon Accountant Toronto
68 Ontario St, Toronto, ON M5A 2V1, Canada
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Amazon Accountant Vancouver
5 E 6th Ave, Vancouver, BC V5T 1J3, Canada
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Shopify Accountant Toronto
68 Ontario St, Toronto, ON M5A 2V1, Canada
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Shopify Accountant Vancouver
5 E 6th Ave, Vancouver, BC V5T 1J3, Canada
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Business Owner’s Definitive Guide to Growth, Profits, & Tax Minimization By 10 Year+ Accountant Partners.
It doesn’t matter what type of customer you are – whether you are a small business, a giant corporation, or a private party – chances are that at some point, you will come to rely on the services of a Small Business Accountant. Is now that time? Moreover, how will you know when it’s right to hand your situation over to professional hands?
You’ve come to the right place for the answer to those questions and more. Read on to learn about what you should know before you hire a Small Business Accountant.
It doesn’t matter what type of customer you are – whether you are a small business, a giant corporation, or a private party – chances are that at some point, you will come to rely on the services of an accountant. Is now that time? Moreover, how will you know when it’s right to hand your situation over to professional hands?
You’ve come to the right place for the answer to those questions and more. Read on to learn about what you should know before you hire a Small Business Accountant.
Reasons You Might Need to Hire an Accountant
You know that most people use the services of an accountant, and for a wide variety of reasons, but do your circumstances warrant the help of a professional? And how do you know when it’s time to pick up the phone and reach out for help? Consider these reasons you might hire any Small Business Accountant:
- You’re not a professional. To put it simply, you don’t have the knowledge, experience, or skill set of an expert. If you want to know for certain that your money matters are in the most competent hands, then your only option may be to recruit a Small Business Accountant.
- You need some advice. You may not be aware of this, but bookkeeper and accountant do much more than just help you with the practical aspects of completing paperwork and filing financial transactions. They are also responsible for educating their clients on all kinds of money matters, from tax and finance law to investment banking.
- You’re not equipped to catch all of your mistakes. Chances are, you made at least one or two mistakes while filling out your tax forms. No matter how tiny those mistakes may be, they can end up costing you a lot of money down the line. Your best defense against your own mistakes is to hire a professional to do your proofreading.
- You might need someone on your side. No one likes the prospect of an IRS audit. If you do find yourself facing this unfortunate circumstance, wouldn’t you like to know you have a professional backing you up? In the event that the worst does happen, call on a Small Business Accountant. They’re prepared to provide you with the support and representation you need. After all, they do this for a living.
Services Provided by Accountants and Bookkeepers
Now that you’re convinced that you might want to have a reliable accountant in your back pocket at all times, you might want to know what, exactly, you can expect from such a professional. You might be surprised to learn how expansive the offerings are. Here is a list of services provided by accountants and bookkeepers:
- Tax preparation services. From itemizing your expense list to advising you on which forms to file, Small Business Accountants and bookkeepers can help you get your end of the year papers in order and ready to send off to the CRA. Additionally, a qualified accountant can represent you should you be audited by the IRS.
- Business start up advice. There are many tasks that you must successfully complete if you wish you start your own business, and many of those tasks center around your finances. Small Business Accountants can help you develop a budget, prepare documents needed for business loan submissions, and implement a payroll and invoicing system, and can also offer legal advice pertaining to business start-up.
- Financial report preparation. If at any point in time you need to produce a financial report (profit and loss statement, balance sheet, etc.) for any of a number of purposes (loan application, for example), then a qualified Small Business Accountant can get the job done.
- Auditing/Review. Generally speaking, an audit is a third-party investigation into your business, taking into consideration all of your financial records, transactions, and account balance. When an accountant audits your business, it is generally because you want to be sure you are operating in compliance with provincial and federal regulations, and that you are handling the financial aspects of your business correctly, so as to avoid serious problems down the line.
- Estate and trust planning. A Small Business Accountant can devise a strategy for how to disperse and allocate your assets in the case of your death. No one likes the idea of planning for their own death, but this is a necessary part of life, especially if you want to protect the well being of any loved ones you might leave behind.
Basic Accounting Terminology
Accountants and bookkeepers seem to speak their own language. Therefore, before you make a first appointment to sit down and chat with a professional number cruncher, you might want to brush up on your lingo. Study up using this list of basic accounting terminology:
- Appreciation. The amount of value your assets gain over a period of time.
- Assets. Everything you own that is worth monetary value. Your assets include tangibles (car, jewelry, etc.) and intangibles (home equity, stock shares, etc.).
- Balance sheet. Detailed record of your financial standing at any one point in time, balancing your assets against your liabilities.
- Depreciation. The amount of value your assets lose over a period of time.
- General ledger. Record of all your financial transactions over a given period of time (accounting period).
- Income statement. Ledger detailing all of your income and expenses (or profit and loss).
- Interest. The amount of money you agree to pay in exchange for borrowing money. Interest may be at a fixed rate, or it may fluctuate in accordance with market conditions.
- Liabilities. Debts that you owe. These include outstanding loans, credit card balances, etc.
How to Find a Reputable Accountant
Now that you know how to talk to an accountant, you need to know where to find professionals who are a good fit for your situation. Fortunately, there are many great resources to help you do just that, and right within arm’s length. Here are some tips for how to find a reputable Small Business Accountant:
- Ask around. If you want to find professionals you can trust, then your best bet is to begin your search by asking people you know you can trust. If your loved ones point you in the direction of a Small Business Accountant they say is a good catch, then chances are, you’ve found a keeper.
- Use a referral service. You can find such services in the Yellow Pages or online. The great thing about using a referral service is that the service does all of the fact-checking for you, only delivering search results that meet the qualifications (location, credentials, area of expertise, etc.) that you desire.
- Check with the Professional Association of Small Business Accountants (PASBA). This organization is responsible for credentialing qualified professionals, and can provide you with a list of PASBA members in your area. Call the PASBA, or visit their website, to submit inquiries.
- Attend a Chamber of Commerce meeting. Your local Chamber of Commerce is where business owners in your area congregate and share valuable information. You can be sure to get some great referrals, and even to meet some accountants and bookkeepers face to face, when you attend a Chamber of Commerce meeting.
What to Look for in an Accountant
Once you’ve compiled a list of prospective candidates, it’s time to assess each one in order to find your best fit. How do you identify a quality professional when you see one? Consider these factors to look for a Small Business Accountant:
- Experience. NNot only should the accountant of your choosing have ample experience in the accounting field, but you should also verify that you are working with someone who has a considerable amount of experience working with a clientele that has needs similar to yours. In other words, the accountant who advises a billionaire real estate developer might not be best equipped to handle the practical matters of a part-time employee and full-time caregiver to an elderly parent.
- Credentials. This includes things like education, licensing, and professional organization affiliations. There is no one right solution for everyone. As previously mentioned, the type of professional you need depends on your specific circumstances.
Tips for Making Tax Time Easier
No one enjoys tax season, but that doesn’t mean it has to be as difficult as you fear it might be. There are practical measures you can take throughout the year to ease the tax time burden. Here are some tips for making tax time easier:
- Maintain an organized filing system for your records. Do this throughout the year – i.e. as soon as you have a pertinent tax-related record, file it away. That way you don’t end up with an intimidating pile (mess) of paperwork that must be tackled last minute. Invest in a simple accordion file, or even a file crate, and tuck it away some place where it’s easy to access. Label the files in a way that will help you remember how to get to what you need, when you need it. Not sure what, exactly, you need to save? When in doubt, save everything! Your accountant can help you sort out the details when the time is right.
- Keep your receipts. File them away in an organized manner, in your filing system. It’s not enough to claim how much you spend. You must be able to prove it.
- Maintain a separate spreadsheet for your medical expenses. This is an area that can become very complicated if you don’t take the time to record the details. Create a simple spreadsheet (using any basic spreadsheet application like Microsoft Excel, for example) containing headers like Service Type, Service Date/Time, Provider, Cost, Insurance Co-pay, and Payment Method, and input this information every time you visit the doctor’s office. Or simply use Quick Books online, makes our job so much easier.
Take on Ten Commandments of Growing a Business
A recent article adds a modern business spin to our most basic set of rules. On the American Express forum, Barry Moltz writes about The 10 Commandments of Growing a Business. Many of these are concepts we at Accountant Partners stress weekly in our posts. There are definitely some lessons to be learned – or stressed again – and we think it’s useful to pass them along. Moltz’s 10 Commandments include:
- Thou shalt watch thy cash flow. The most important financial statement to review monthly is the cash flow statement. Do you have more money at the end of the month than the beginning?
- Thou shalt have a brand strategy. Think through the actual pain your business solves and craft a memorable brand around that message.
- Thou shalt not grow thy company broke. Many entrepreneurs try to grow their companies too fast without the cash, people, systems or infrastructure to do it effectively. In the end, they eventually go broke.
- Thou shalt keep thy current customers happy. Many entrepreneurs are so busy chasing new customers in the front doors, they miss their existing customers exiting out the back.
- Thou shalt keep thy overhead low. Entrepreneurs go out of business because their fixed overheads are too high as their revenues fluctuate.
- Thou shalt guard thy reputation and not speak badly of thy neighbor. In the Internet world reputation is your most valuable asset. Watch and listen to what customers say about you and never directly criticize your competitors.
- Thou shalt get referrals from existing customers. Too many times entrepreneurs do not ask satisfied customers for referrals.
- Thou shalt reward outstanding employees frequently and fire bad employees immediately. Everyone in your organization knows who the good and bad people are. It’s up to you to do something about it.
- Thou shalt review thy financial statements monthly. Find a Small Business Accountant who can explain them in terms you can understand.
- Thou shalt take an annual vacation to recharge. This is necessary, not just to recharge yourself but to see how your business does without you.
A great overview, and even some overlap with those original two tablets. As Chartered Accountants working with American small businesses we have found that the small businesses that follow most of these commandments have a much higher likelihood of success. Of course, nothing is guaranteed. But just as living by a few simple guidelines can help us in life, following another set can help in business. By demonstrating the type of vision, focus and discipline inherent in these commandments, you go a long way to increasing your chances of success.
Tax Time!
We’re a chartered accounting firm. We’re probably the only people in the universe allowed to use an exclamation mark after the phrase “tax time.” But we do – because this is our time to shine, and to help you get the most from your income whether personal or business tax services are needed.
March is here…you can feel that spring is just around the corner. Warmer temperatures, longer days, fewer layers of down…the nice signs that winter is on its way out.
And tax season…is on its way in. Now is the time to start getting ready to organize and prepare your income taxes. We’re here to help.
By now, you should have already received most of your employer and investment slips. To make sure your returns are prepared as efficiently as possible, you need to organize your information now. This will let us minimize your 2011 income taxes as much as possible.
Here are a few things to start thinking about:
- Personal life. Were there changes in your personal situation in 2011? That could be an address or phone number change…or a new job, new business or investment. The same goes for anyone in your family. Did they get married, start university, have or adopt a child, start a new business or acquire new investments? Did you turn 71 in 2011?
- Slips. Little pieces of paper with big importance. Make sure you have all the necessary information slips from your various sources of income: employment, interest and dividends, pensions, employment insurance, registered retirement savings plans and tax shelters.
- Deductible expenses. If you’re self-employed, own rental properties or are required to incur expenses as part of your employment have you started assembling your deductible expenses and summarizing all your income?
- Other income. If you received income with no information slips, such as tips, business income, partnership income, rental income, taxable alimony or child support, interest or directors fees, you need to summarize it for the year.
- Capital gains/losses. If you sold any assets in 2011 that may give rise to capital gains or losses (ie. stocks and other investments, real estate, businesses) you need to have information available about the original costs, any additional costs you incurred while you owned it, and what you received for the asset when it was sold.
- Other deductibles. There are a whole lot of deductible expenses out there – make sure you keep track of things like: Professional or union dues, employment expenses, interest on money borrowed for investment purposes, investment counsel fees, moving expenses, childcare expenses, business investment loss and deductible alimony or support payments.
- Tax credits. Have you made payments that make you eligible for a tax credit? These include rental property taxes, student loan interest, adoption, tuition fees, charitable donations, medical expenses, political contributions, children’s fitness programs, children’s recreation programs, monthly transit passes and more.
- Foreign property. If you own any foreign property that has total original costs greater than $100,000, it needs to be disclosed annually to the IRS.
Conclusion
If you have financial records to manage and you’d like to know that you’re making the most of your money, then you could greatly benefit from hiring a qualified Certified Professional Accountant (CPA). For the utmost in service, competence and reliability, contact the professionals of Small Business Accountants.
Book Your Free Consultation
If you’re looking to grow your business and willing to listen to new and better ideas, then we’re the trusted Small Business Accountant for you.
During our initial consultation, we’ll review your immediate needs and provide a course of action with a fixed-fee quote (no surprise bills here).
Book your free consultation now by calling 1 (313) 217-9099 or book online.
Yes, We Offer Small Business Accounting in Detroit, Michigan
Dearborn, MI
Southfield, MI
Warren, MI
Livonia, MI
Troy, MI
Royal Oak, MI
Westland, MI
Farmington Hills, MI
Sterling Heights, MI
Taylor, MI
Novi, MI
Pontiac, MI
Canton, MI
Dearborn Heights, MI
Redford, MI
Romulus, MI
Madison Heights, MI
Oak Park, MI
Roseville, MI
St. Clair Shores, MI
Allen Park, MI
Garden City, MI
Inkster, MI
Eastpointe, MI
Lincoln Park, MI
Ferndale, MI
Hazel Park, MI
Southgate, MI
Wyandotte, MI
Melvindale, MI
Wayne
Grand Rapids
Oakland
Warren
Macomb
Kent
Ann Arbor
Genesee
Flint
Washtenaw
Ingham
Dearborn
Kalamazoo
Livonia
Ottawa
Saginaw
Westland
Livingston
Farmington Hills
Muskegon
Jackson
Southfield
Bay
Rochester Hills
Monroe
Detroit Small Business Accountants is near Ford Field which is close to Birmingham, Franklin, and Northville at 13216 Crofton ave, Detroit, MI 48215. Comerica Park, Motown Museum, and Campus Martius Park are also nearby.
FAQs
Can you do your own small business accounting as a business owner living in Detroit?
Yes, you can do your own accounting using software like QuickBooks, but it requires a good understanding of financial principles and local tax regulations. As the business grows, professional assistance may become beneficial.
How many accountants should a small business have?
Typically, a small business needs one accountant or CPA to manage financial tasks. As the business expands, additional support staff or specialists might be required to handle more complex financial operations.
Are you less likely to get audited if you use an accountant?
While using an accountant does not guarantee you won’t be audited, it reduces the likelihood of errors and ensures compliance with tax laws, which can lower the chances of triggering an audit.
Should I talk to an accountant before starting a business in Detroit?
Yes, consulting an accountant before starting a business in Detroit is advisable. They can provide crucial advice on business structure, tax planning, and setting up efficient accounting systems.
How much should I pay myself as a small business owner?
Pay yourself a reasonable salary based on industry standards, business profitability, and personal needs. Ensure it aligns with the business’s financial health and allows for sustainable growth.
How much money should you put back into your small business?
Reinvest a portion of profits back into the business regularly, typically around 20-30%. This helps fuel growth, improve operations, and maintain financial stability.
What is the difference between a bookkeeper and an accountant?
A bookkeeper manages daily financial transactions, maintaining accurate records. An accountant interprets financial data, provides strategic advice, prepares financial statements, and ensures tax compliance.
What is a good income for a business owner?
A good income varies by industry and business size but typically allows for covering personal expenses comfortably, saving for the future, and ensuring the business’s financial health. Benchmark against industry standards.
Should I take accounting or bookkeeping?
Take accounting if you seek a comprehensive understanding of financial management and strategic decision-making. Choose bookkeeping if you prefer managing day-to-day financial records and transactions.
Do I need an accountant or bookkeeper?
You need a bookkeeper for daily financial record-keeping and an accountant for higher-level financial analysis, tax planning, and strategic advice. Many businesses benefit from both roles for comprehensive financial management.
1 Fun and 1 Interesting Fact About Detroit
Detroit, Michigan, is famously known as the birthplace of Motown music, with the iconic Motown Records founded by Berry Gordy in 1959. The Motown Museum, housed in the original recording studio, remains a popular attraction. Additionally, Detroit is home to the nation’s largest island city park, Belle Isle Park, which spans 982 acres in the Detroit River, offering a rich blend of natural beauty, recreational activities, and historic landmarks.
Detroit Small Business Accounting Resources
Inside New Center One, 3031 W Grand Blvd suite 470, Detroit, MI
48202
(313) 556-1920
What is the Michigan Association of CPAs?
The Michigan Association of CPAs (MICPA) is a professional organization representing over 19,000 certified public accountants and accounting professionals in Michigan. Established in 1901, MICPA provides members with continuing education, networking opportunities, and professional development resources to enhance their skills and careers. The association advocates for the interests of the accounting profession at state and national levels, promoting high ethical standards and best practices. MICPA offers industry insights, certification support, and resources to stay informed about regulatory changes and industry trends, ensuring that members are well-equipped to meet the evolving demands of the accounting profession.
What is the Michigan Department of Licensing and Regulatory Affairs (LARA)?
The Michigan Department of Licensing and Regulatory Affairs (LARA) is a state agency responsible for overseeing the licensure and regulation of various professions, businesses, and health facilities. LARA ensures public safety and consumer protection by enforcing laws and standards. It manages licensing for professions such as accounting, medicine, and construction, and regulates industries like real estate and telecommunications. Additionally, LARA handles administrative hearings, labor relations, and occupational safety. The agency also promotes business growth by simplifying regulatory processes and offering support services to entrepreneurs and companies operating in Michigan.
Detroit, MI Local Resources
One Kennedy Square, 777 Woodward Ave Suite 800 Detroit, MI
48226
(313) 964-4000
5th floor, 477 Michigan Ave,
Detroit, MI
48226
(844) 545-5640
Top Companies in Detroit, MI
More About Small Business Accounting in Detroit, Michigan
Detroit, the largest city in Michigan, has a population of approximately 670,000. Known as the “Motor City” due to its historical association with the automotive industry, Detroit has a rich cultural and economic history. The city’s demographics are predominantly African American, making up about 79% of the population, with smaller percentages of White, Hispanic, and Asian residents. Detroit has faced significant economic challenges over the past decades, including a substantial population decline and financial hardships, but it has also seen a resurgence in recent years with new investments and revitalization efforts.
Residents of Detroit, known as Detroiters, are recognized for their resilience and community spirit. The city is characterized by a strong sense of identity and pride, with deep roots in music, particularly Motown, as well as sports and the arts. Detroit offers a variety of cultural attractions, including the Detroit Institute of Arts, historic neighborhoods, and a burgeoning food scene. Despite economic challenges, Detroiters are actively involved in community initiatives and urban renewal projects, aiming to rebuild and revitalize their city. This commitment to revitalization is fostering a new era of growth and optimism in Detroit, making it an increasingly attractive place for new residents and businesses.
Small business accounting in Detroit is a vital component of the city’s ongoing economic revitalization. With a diverse array of industries including manufacturing, technology, healthcare, and a growing creative sector, Detroit’s small businesses require robust accounting services to navigate financial complexities. Local accounting firms and professionals offer essential services such as bookkeeping, tax preparation, payroll management, and financial consulting. The use of modern accounting software like QuickBooks and Xero is widespread, enabling business owners to maintain accurate financial records, manage cash flow, and ensure compliance with tax regulations.
Detroit’s supportive business environment includes resources aimed at helping small business owners improve their financial literacy and strategic planning. Organizations such as TechTown Detroit, the Detroit Economic Growth Corporation (DEGC), and local Small Business Development Centers (SBDCs) provide workshops, advisory services, and networking opportunities tailored to the needs of small businesses. These resources help entrepreneurs understand financial best practices, secure funding, and plan for sustainable growth. Effective accounting practices are crucial for Detroit’s small businesses to thrive in a competitive market, contributing to the city’s economic recovery and fostering a resilient and vibrant entrepreneurial community.
Small Business Accountant Detroit works with small businesses to minimize their tax burden and grow their profits. Offering tax planning and accounting services in the greater Detroit area, we work proactively for you. Our clients love our quick response time, fixed fees, and our innovative solutions.