When your livelihood depends on filing an accurate, timely tax return, you simply cannot afford to wing it or entrust your taxes to a second-rate firm with slipshod business practices. Owning and operating a family business creates challenges that can overwhelm even the most seasoned entrepreneur. CPA Ann Irons invites you to consider the unique requirements involved in small business accounting in Bellingham, MA. 

What Are Key Financial Concerns for Family-Owned Businesses?

Securing highly sensitive financial data: In the hands of criminals, your company’s financial information can be used against you, your business, and your family. Instead of outsourcing tax preparation services, we keep data in-house, taking care to shred documents and limit access to your files. You focus on your customers, and we’ll focus on your finances

Complying with complex tax structures and requirements: As if personal income taxes aren’t complicated enough, small businesses must submit financial documents to numerous firms and agencies. Omission or inaccuracies on your business tax return can result in severe penalties, including fines, criminal charges, and damages to your reputation.

Managing risk: We see many small businesses in which “all in the family” translates to lax accounting standards and failure to address risk due to internal fraud or embezzlement. Ann understands that trust plays an important role in any business relationship, but risk management is in the best interest of your business, its employees, and its customers.

Creating a succession plan or exit strategy: Some family business owners take it for granted that the next generation will take up the torch, but this doesn’t always hold true. Ann Irons will work alongside you to determine the safest, most responsive course of action to ensure the longevity of your company.

We Serve the Business Owners Behind the Company, Too

You’re more than just a business owner, and your responsibilities to your family don’t start and end with your company. Ann Irons also provides accounting services to individuals, including trust fund advising, preparing personal income taxes, and estate planning. Partnering with a Certified Public Accountant allows you to define, meet, and exceed your personal financial goals for all areas of your life.

Looking for a CPA who understands small business taxes and finances? Ann Irons, CPA is an active member of the AICPA, MSCPA, and the Bellingham Business Association. To schedule an appointment or request information about our services, contact our office at 508-966-0700. You can also find us on Facebook, where we share tips and insights for managing your finances and saving money. We serve individuals, small and large businesses, and investors in the Bellingham area.