Empowering Your Business with
Customer-Centric Accounting
Growth Accounting offers small business accounting & bookkeeping with a personal touch. We are customer-centric, committed to continuous improvement (CANI), and practice servant leadership, ensuring tailored and exceptional financial services to help your business thrive.
Featured Services
Accounting Set-Up
Bookkeeping
Corporate Tax Filing
Business Consulting
Our Certifications
About Us
Since 2017, we’ve empowered small business owners to boost their profits by helping them understand their business numbers. At Growth Accountants, we are a customer-centric firm committed to continuous improvement (CANI) and servant leadership. Our personalized approach ensures that we meet your unique needs while consistently enhancing our services, guiding you toward financial success with integrity and dedication.
"At Growth Accountants, we empower small businesses with personalized accounting and bookkeeping services, committed to your financial success through servant leadership and continuous improvement".
Founder
FAQ
Most of the clients have this issue specifically those that are business owners. Because they wrongly have heard that they can not deduct the payments of a car if you finance it.
When you lease you can deduct those payments. For example, let’s say you paid $200 that’s a tax write-off. It completely depends on your personal situation, and what your preferences are: to have more cash sitting in your bank account or pay less taxes. You can’t have both at the same time. In terms of being expensive, leasing is a more expensive choice. The cheapest choice is to buy the car with cash.
You need only to incorporate for tax purposes only and there are no liability purposes. Then you should incorporate above the 120 net profit, if your net profit is $120,000 dollars then you should incorporate because that way you probably save more taxes.
Incorporating has legal benefits as well. You have less liability as a person to your customers that way. The corporate will have liability.
Workers' Compensation Insurance (workers’ comp) is a state-required insurance that covers medical costs and lost wages if an employee gets injured on the job.
Whether you need it depends on your state and industry. High-risk businesses like construction usually must have it, while some small or professional businesses may be exempt.