Accounting Solutions Tailored for Small Businesses
Running a small business comes with unique challenges, and managing your finances shouldn't add to your stress.
At
ClarkHirth CPAs, we understand that every dollar counts when you're building your dream business. Whether you're operating a bustling restaurant, managing a construction crew, or running a nonprofit organization,
our small business accounting services are designed to keep your finances organized and your business compliant.
Our boutique firm has been serving small businesses throughout the country since 2016. Ready to take the financial stress off your plate?
Call us at (860) 904-4436
to schedule your consultation.
Comprehensive Small Business Accounting Services
Financial Statement Assurance
Professional review and compilation of your financial statements to ensure accuracy and compliance. We help small businesses present reliable financial information to lenders, investors, and stakeholders with confidence.
Tax Preparation & Planning
Year-round tax services including federal and state return preparation, quarterly estimated payments, and strategic tax planning to minimize your business tax liability while staying compliant.
Financial Statement Assurance for
Small Businesses
Small businesses often need reliable financial statements for various purposes – securing loans, attracting investors, or simply understanding their financial position. Our financial statement assurance services provide the credibility your business needs.
We perform compilation and review services that present your financial information in a professional format. Unlike basic bookkeeping, our assurance services add a layer of professional oversight that lenders and stakeholders trust. We ensure your statements follow Generally Accepted Accounting Principles (GAAP) and highlight any areas that might need attention.
For restaurants and hospitality businesses, we understand industry-specific challenges like tip reporting, inventory management, and seasonal fluctuations. Our experience with construction companies means we know how to handle job costing, contract accounting, and equipment depreciation. This industry knowledge makes our financial statements more meaningful and useful for decision-making.
Tax Preparation & Strategic Planning
Tax season doesn't have to be overwhelming when you have the right team in your corner. Our small business tax preparation services go beyond just filing returns – we're your year-round tax strategists.
We handle everything from simple LLC returns to complex multi-state filings. For restaurant owners, we navigate the intricacies of tip reporting, depreciation on equipment, and meal deduction rules. Construction businesses benefit from our expertise in Section 199A deductions, equipment purchases, and project-based accounting.
But we don't stop at preparation. Our tax planning services help you make smart decisions throughout the year. Should you buy that new piece of equipment now or wait? How should you structure your business for maximum tax efficiency? We provide answers that save you money and keep you compliant.
The IRS estimates that small businesses overpay their taxes by billions each year simply because they don't know about available deductions and credits. We make sure you're not part of that statistic.
Comprehensive Bookkeeping Services
Good bookkeeping is the foundation of every successful small business, yet it's often the task that gets pushed aside when you're busy serving customers or managing projects. Our bookkeeping services ensure your financial records are always current and accurate.
We use modern cloud-based accounting software that gives you real-time access to your financial information. Whether you prefer QuickBooks, Xero, or another platform, we'll work with what fits your business best. Our team handles everything from daily transaction entry to monthly bank reconciliations and financial report generation.
For restaurants, we understand the unique challenges of tracking cash sales, managing inventory costs, and reconciling credit card processing fees. Construction businesses appreciate our expertise in job costing, subcontractor payments, and equipment tracking. We tailor our approach to match your industry's specific needs.
Regular bookkeeping also means you'll always be ready for tax season, loan applications, or any situation where you need to present your financial information quickly and professionally.
Professional Payroll Solutions
Managing payroll correctly is crucial for small businesses, but it's also complex and time-consuming. Between federal and state tax withholdings, unemployment insurance, workers' compensation, and changing regulations, there's a lot that can go wrong. Our payroll solutions handle all these details so you can focus on running your business.
We process payroll on your schedule – weekly, bi-weekly, monthly, or whatever works best for your business. Direct deposit keeps your employees happy, while we handle all the tax filings and payments behind the scenes. You'll receive detailed reports showing exactly where every dollar goes, and we maintain all records for compliance purposes.
Restaurant businesses especially benefit from our tip reporting expertise and understanding of fluctuating schedules. Construction companies appreciate our knowledge of prevailing wage requirements and union reporting. We stay current with all regulations so you don't have to worry about costly compliance mistakes.
Why Work With ClarkHirth CPAs
Choosing ClarkHirth CPAs means partnering with a team that truly understands the unique challenges small businesses face. Our extensive experience in industries such as restaurants, construction, and nonprofits enables us to provide insights that extend beyond the numbers. We take pride in our boutique approach—offering personalized attention, consistent communication, and long-term relationships with our clients.
Recognized by the Connecticut Restaurant Association as 2021 Vendors of the Year, we’ve built a reputation for delivering real results, not just reports. Based locally in Farmington, we stay current with state regulations and regional nuances no matter where you are in the country, so you get expertise that’s both practical and relevant. At ClarkHirth CPAs, your business goals become our mission, and your success is what drives us every day.
Frequently Asked Questions
About Our Small Business Accounting Services
How much do small business accounting services typically cost?
Accounting service costs vary significantly based on your business size, complexity, and service needs. Simple bookkeeping might start around a few hundred dollars monthly, while comprehensive services, including tax preparation, payroll, and consulting, can range higher. We provide customized quotes based on your specific requirements, ensuring you only pay for services that add value to your business.
What's the difference between a CPA and a regular bookkeeper?
CPAs (Certified Public Accountants) have extensive education, training, and licensing requirements that bookkeepers don't. While bookkeepers handle day-to-day transaction recording, CPAs can provide tax preparation, financial statement assurance, audit representation, and strategic business advice. CPAs are also bound by professional ethics standards and continuing education requirements, ensuring higher service quality and accountability.
How often should my small business meet with our accountant?
Most small businesses benefit from monthly or quarterly check-ins with their CPA, depending on complexity and growth stage. Monthly meetings work well for businesses with significant cash flow, multiple locations, or rapid growth. Quarterly meetings suit stable businesses with straightforward operations. However, you should always have access to your CPA for questions or issues that arise between scheduled meetings.
Can you help if my business operates in multiple states?
Absolutely. Many of our clients operate across state lines, particularly in the restaurant and construction industries. We handle multi-state tax filings, understand interstate commerce regulations, and can coordinate compliance requirements across different jurisdictions. Our experience with businesses throughout New England makes us particularly effective for Connecticut-based companies expanding regionally.
What should I bring to my first meeting with a CPA?
Bring recent financial statements, tax returns from the past two years, bank statements, and any current bookkeeping records. If you're starting a new business, bring your business plan, formation documents, and any financial projections you've developed. Don't worry if your records aren't perfect – part of our job is helping you organize and improve your financial systems.
How do you ensure my financial information stays secure?
We use bank-level security protocols for all digital communications and storage. Our cloud-based systems feature encryption, secure access controls, and regular security updates. We're also bound by professional confidentiality requirements that legally protect your information. Additionally, we maintain professional liability insurance and follow industry best practices for data protection and privacy.
What makes ClarkHirth CPAs different from larger accounting firms?
Our boutique size enables personalized attention that larger firms can't match. You'll work directly with experienced CPAs, not junior staff or seasonal employees. We specialize in specific industries, which enables us to provide more profound expertise in areas that matter most to your business. Our local presence allows us to understand Connecticut's business environment, and our competitive fees make professional services accessible to growing businesses.
Ready to Partner With Small Business Accounting Experts?
Managing your business finances doesn't have to be a source of stress and confusion. At ClarkHirth CPAs, we transform complex financial challenges into clear, actionable insights that help your business thrive.
Our team combines technical expertise with genuine care for your success. We're not just processing numbers – we're helping you build the financial foundation your business needs to grow and prosper. From daily bookkeeping to strategic tax planning, we handle the financial details so you can focus on what you do best.
Don't let financial management hold your business back any longer.
Contact ClarkHirth CPAs today at (860) 904-4436
to schedule your consultation.
