When you own multiple small businesses (not just one business with multiple entities), accounting can get complicated… even if you outsource. But it doesn’t need to!
Outsourcing accounting for two or more businesses shouldn’t mean doubling the cost and doubling the headaches. With the right accounting firm, you can streamline processes and even save money.
CSI Accounting & Payroll has provided monthly accounting services to small businesses for nearly 60 years. That means we’ve polished the multi-business experience in these areas:
When you own multiple businesses and they’re each separate corporations or have different tax IDs, each business will have a separate service agreement with CSI. This is for three reasons:
Now, I’ll cover processes. Specifically, these processes that matter most to multi-business owners:
If a business’s bookkeeping or tax filing falls behind or is done incorrectly, it needs to have a professional accountant handle its back work. Otherwise, any bookkeeping moving forward will be incorrect and have a higher risk of an audit.
We handle each business’s back work separately because the project size will vary, and each business’s books should be unique to that business.
We generate monthly financial statements for all of our monthly accounting clients.
When your businesses have appropriately separated finances, we can create separate reports to keep your financial data clear.
When you choose monthly accounting with CSI, your bookkeeping and taxes are done under one roof. For consistency, all of your businesses are supported by the same Account Manager and Staff Accountant.
This means you benefit from a year-round tax strategy that can lead to significant savings (something that traditional bookkeeping services and annual tax preparers can’t provide because they don’t work together). That savings potential grows for every business you bring on board with CSI!
It’s time to talk money. Starting with the basics, just like any other client, you’ll pay for each business’s back work (if applicable) and each business’s services moving forward.
Then, as I mentioned previously, there’s a large potential for tax savings when multi-business owners work with CSI. (We once saved a client $66,000 in year-end taxes alone.)
The best news? You’ll only have one startup fee, no matter how many businesses you bring on board. We’ll waive this for the rest of your businesses, resulting in potentially big savings upfront.
Now that you know about service agreements, processes, and costs when you join CSI with multiple businesses, are you ready to check out our monthly accounting services?
To see if we can be a good fit for your businesses, click the button below for a free consultation:
Not ready to talk? That’s okay! First, try our pricing calculator by clicking the image below: