Small Business Accounting and Tax Services

As a leading provider of small business accounting services to Farmville, VA and the surrounding area for over a decade, the Benjamin H. Johnson CPA firm has experience working with many different types of businesses in both the retail and service sectors.  We know that having access to a good CPA is critical to the long-term success of any small business, and we are very passionate about helping our clients navigate the often confusing landscape of the business tax code so that they will be in full compliance with all relevant laws.

Benefits of Using a Small Business Accountant

There are many ways that the small business clients of Benjamin H. Johnson CPA benefit from our services, including the following:

More accurate information

Small business owners must make important business decisions based on the most accurate information possible.  Decisions about topics such as how to price products and services, whether or not to add additional employees, or whether or not to purchase additional equipment should not be based on hunches.  Those decisions must be based on actual data from the business’s financial statements, and our clients know that they will have access to accurate information about the financial health of their business.

Access to capital

Being able to produce accurate and detailed financial records for a business is also vital if the business is applying for a loan of any kind.  Most small businesses who attempt to handle all their own bookkeeping in-house without any professional assistance will not be able to produce financial statements required by lending institutions.  A CPA can prepare compiled, reviewed, or audited financial statements.

Assistance with payroll

Managing a payroll of even a few employees can quickly become overwhelming for a business owner that attempts to do all the work themselves.  The Benjamin H. Johnson CPA firm can offer several levels of assistance for small business owners with employees, including payroll check processing and tax reporting.

Peace of mind

Small business owners have enough things that keep them up at night as it is. They shouldn’t have to worry about whether or not they’ve paid all the taxes they need to pay, or whether they’ve missed a critical deduction that could have saved them thousands of dollars.  Our clients sleep better at night knowing that whatever else is going on in their business, at least someone is looking out for their interests in these areas.

Small Business Accounting and Tax Services

The Benjamin H. Johnson CPA firm provides a full range of accounting and tax services to small businesses of all shapes and sizes.  We work with both startups and multi-million dollar corporations, and have the ability to help a business grow from the former into the latter.  Our services for small businesses include:

New business startup consultation

We are proud to provide a free consultation to new business owners in Farmville and the surrounding areas to help them get started on the right foot.  As part of the consultation, we provide guidance in the following areas:

  • Properly setting up the chart of accounts
  • Selecting the appropriate legal entity for the business
  • Obtaining the necessary business licenses and permits
  • Marketing and financing for your business
  • How to price your products and services

Making the right decisions the first time around can mean the success or failure of a new business, so we highly encourage business owners to take advantage of this opportunity as soon as possible, even if they are not yet open for business.

Small business bookkeeping

We provide several levels of bookkeeping service to small business owners.  We can simply set up accounting software for you so that you can handle your own bookkeeping, or we can do all the work for you.  Regardless of your budget, we have a bookkeeping option that can help you save time and energy so that you can focus on what you do best.

Small business payroll services

Our small business payroll services include process payroll checks and properly reporting any paying payroll taxes.  As with our bookkeeping services, we have several levels of assistance we can provide based on your business’s needs and budget.

Small business tax planning

Our tax planning services for small business include helping you to make sure you are using all available deductions so that you don’t pay more taxes than you need to, helping you plan purchases of equipment so that you can take advantage of depreciation options, and advise on lease vs purchase of business equipment.

Small business income tax reporting

Properly preparing and filing a tax return can be a time-consuming endeavor even for a fairly simple small business.  Add in a few employees, equipment purchases, and home office expenses, and it can quickly become overwhelming for a small business owner.  Whether you operate as a sole proprietorship, an LLC, partnership, or a corporation, we can prepare and file your tax return for you, and also assist you if you are audited by the IRS.