Cash basis accounting records income when it’s actually received and expenses when they’re paid. It’s straightforward and often used by smaller businesses because it aligns closely with cash flow. Accrual basis accounting, on the other hand, records income when it’s earned and expenses when they’re incurred— regardless of when the money changes hands. It gives a more accurate picture of your company’s financial health, especially if you invoice clients or manage bills over time.
At Havins Business Services, we specialize in helping entrepreneurs like you get started. Whether you need assistance with business formation, structuring, or guidance on the next steps, we’re here to answer your questions and support you through the entire process. Let us help turn your vision into a successful business!
Our bookkeeping services play a crucial role in streamlining the tax preparation process. By maintaining accurate and up-to-date financial records throughout the year, we ensure that all income, expenses, and deductions are properly categorized and accounted for. This minimizes the risk of errors and maximizes potential tax savings. When it’s time to file your taxes, we already have a comprehensive financial overview, which helps us prepare your returns more efficiently and accurately. This integration not only saves time but also ensures that your tax filing experience is as smooth and stress-free as possible.
Yes, we offer budgeting assistance to help you manage and optimize your finances.
Employers with employees are obligated to file quarterly payroll reports. These reports, submitted four times a year (every three months), outline employee wages and related tax withholdings.
Yes! We will figure out what will work best for you and your business based on the information that will be given to us after your initial consult
We manage payroll so you can focus on running your business, ensuring compliance with tax regulations and timely, accurate payments to your team.
Bookkeeping keeps your finances organized, ensures accurate records for taxes, and helps you make informed decisions about your business’s future.
We recommend using QuickBooks and Excel, as they are reliable and widely-used tools for managing your finances. While Xero is another solid option, please note that we do not currently offer training for that platform.
Our team ensures your business stays compliant by handling everything from filing to tax planning, so you avoid penalties and stay ahead of deadlines.
Havins Business Services specializes in tax preparation, bookkeeping, payroll management, and business consulting, tailored to meet the unique needs of small businesses.
