C. E. Thorn, CPA, PLLC has been serving small business owners in Raleigh for almost 30 years. If you are looking to outsource your accounting, our Raleigh CPA firm provides small business accounting services including monthly bookkeeping, financial statements, and end-of-year tax preparation, so that you can focus on running your business.
Small Business Accounting in Raleigh, NC
Our small business Raleigh accountant understands the general needs of small business owners and knows that not every business is the same.
We understand that maintaining your business accounting can be overwhelming, time consuming, and can quickly lead to falling behind, increasing your risk of error.
The environment for small businesses is competitive, and we can assist you with your accounting matters so you can dedicate your time to the growth and success of your business.
Our services include:
FAQs Regarding Small Business Accounting in Raleigh
What accounting services are needed for a small business?
Most small businesses benefit from the following accounting services:
- Preparation of financial statements
- Bookkeeping services
- End of year tax preparation
- Maintenance and upkeep of an income statement as well as a cash flow statement
- Payroll management
Can I do my own small business accounting?
If you have a dedicated in-house accountant who is experienced and confident with accounting and bookkeeping, you may choose to keep your accounting matters in-house. However, if you don’t have the time or resources to keep your books up-to-date, it pays off to work with a local CPA. The benefits of working with a Raleigh CPA outweighs the cost of incurring penalties when your business is not tax compliant or experiences an audit by the IRS.
Is an accountant worth the cost for a small business?
As small business owners ourselves, we understand that minimizing costs is at the forefront of most business owners. However, our CPA firm can identify errors on your prepared tax return and other accounting measures. When these errors are corrected promptly, your small business can avoid an audit by the IRS as well as costly penalties. The cost of working with a CPA provides irreplaceable peace of mind and allows you to focus on business management.
Do you need an accountant if you use QuickBooks?
QuickBooks is an accounting platform some small businesses use to do their own bookkeeping, but it does not detect errors, determine accuracy, or file your tax return. Working with a trusted CPA mitigates errors and consolidates small business functions.
What is the difference between bookkeeping and accounting?
Bookkeeping refers to the recording of day-to-day business transactions. These bookkeeping tasks include data entry, bill payments, invoicing, payroll, and more.
Accounting deals with the classification, reporting, and summarization of financial data of a business for a specific purpose, such as tax preparation. Accounting practices take the bookkeeping tasks, such as data entry, and classifies it in the appropriate category so the transaction is properly accounted for.
What do small business accountants do?
Every small business accountant offers different services which can include bookkeeping, end-of-year tax preparation, financial statement preparation, and payroll. Contact our CPA firm in Raleigh at 919-420-0092 to discuss your small business accounting needs so we can determine if we’re the right fit for you!
Contact Us for Small Business Accounting Services in Raleigh
If you are a small business in or around Raleigh, NC in need of accounting or CPA services,
call 919-420-0092 or by filling the form below!