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The firm understands that individuals, organizations and businesses alike may feel overwhelmed at times by the complexities of America’s local, state and federal tax codes. But as the best Jacksonville CPA firm, they are ready to provide the customized service, experience and expertise you need to cope with this legislation calmly and confidently. For example, through the tax services they offer, BHC can help you comply with the law, save money, and benefit from the various tax incentives available to you, such as rebates and credits.

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Because of their reputation and the contacts they have established within the legal system, the best Jacksonville CPA firm will be on your side whenever you have to appear in court on a business matter. They are experienced in providing both litigation support and expert testimony on every level.

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When compared to other CPA firms in the area, BHC can point with pride to a remarkable client-retention rate that is directly related to the way in which those businesses have thrived since their relationship began. This includes both startups and well-established companies that are operating in an efficient, cost-effective manner because of the various services BHC has to offer and the help they are ready to provide.

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Independence and freedom to manage your small business according to your own vision is likely what drove you to become an entrepreneur in the first place—but when it comes to planning, running and growing your business, you shouldn’t go it alone.  The U.S. Small Business Administration (SBA) states, “a CPA is 70-633 one asset you can’t afford to do without” as you tackle the challenges of owning a small business in Jacksonville. CPA services for small businesses factor into your success in the following ways:

Planning a Small Business in Jacksonville

Small businesses begin with a creative spark, but they come to life thanks to the debt, bank loans, interest and assets that make up your business’s financial 70-638 structure. Your CPA will help you finance your ambitions by determining how much debt your venture can handle, how to approach investors and the advantages and disadvantages of different debt instruments, such as loans and lines of credit.

At Buttner Hammock & Co., we can take that one step further by helping you with the organizational structure of your business as well. Because we’ve worked with so many small businesses in Jacksonville, we can give you sound advice on the optimal structure for your business as well as issues such as insurance, disaster planning, establishing a board of directors and acquiring commercial property in the Jacksonville area.

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Year-round tax planning and tax-seasons preparation—from payroll to deductions and sales tax—are the duties that first come to mind when most small business owners think of CPAs. But CPAs also play a large role in your accounting and general finance, such as when you need to determine the value of your business or analyze your operating costs. A CPA can also help you improve and streamline your day-to-day operation through an internal audit.

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Traditionally, CPAs have played an instrumental role in determining compensation levels for small businesses. CPAs can also advise you on hiring decisions and how to structure your benefits, insurance and stock options.

With the increasing complexity and application of technology, CPAs now shoulder an additional crucial responsibility as well. CPAs can help your small business incorporate state-of-the art accounting systems, such as QuickBooks, that will help you stay compliant and streamline your daily operations and accounting duties.

Conclusion

As a small business owner, placing your trust in a CPA is a key element of achieving success. When you entrust your business’s financial future in a CPA, you’re tapping into a firmly established culture of professional standards and ethics that is backed by extensive peer reviews and a tradition for integrity. Choosing a CPA is much like gaining a new partner in your business. Find out how Buttner Hamock & Co. can further your cause by calling us at (904) 302-9628.

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If you are a budding restaurateur, chances are you’re a devoted foodie or an incurable people person. But how many restaurant owners get into the food service business because of their passion for numbers? Our guess is very few, which is why about three in five new restaurants go under or change ownership within the first three years. But not to worry, you don’t have to go back to night school and get a degree in accounting to run a successful restaurant—as long as you have a CPA on your side.

As a Jacksonville CPA firm that has served local restaurant and retail businesses for over 25 years, here’s how we can help you:

Tips and Wages

How servers, bartenders and line cooks are compensated is just one of the unique accounting aspects of running a restaurant. Our CPA services for restaurants includes a compliant and advantageous plan for reporting tips and other wages.

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The amount and types of taxes you are liable for vary widely depending on your location, right down to the street corner. A CPA can help you take advantage of local tax incentives and stay compliant with the rest of your liabilities come tax season.

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Restaurant owners are exposed to a number of audit risks, from inquiries by the Internal Revenue Service regarding sales taxes to Department of Labor wage and hour audits.  With a CPA on your side, you can reduce your chances of being audited and protect yourself from liability connected with these audits.

Food and Liquor Costs and Taxes

How much should you charge for your food and liquor in order to turn a profit? And how should local, state and federal liquor sales taxes be factored in? These are questions best answered by a CPA.

Buying or Selling a Restaurant

Whether you’re planning on taking an existing under new management or considering selling your restaurant to a new owner, there are a number of complex financial and tax issues to unravel. From valuing your inventory, equipment and intangibles to accurately reporting and paying your taxes, a CPA’s sound advice can be invaluable while buying or selling a restaurant.

At Buttner Hammock & Co., our experience working with restaurants in the Jacksonville area along with our prestigious status as members of the American Institute of Certified Public Accountants can help you turn your restaurant into a financially sound business. Call us at (904) 302-9628 for more information.