In order to successfully operate your business or nonprofit, you have to take on numerous roles, even when you have little to no experience. However, accounting is not a task you should take on if you have little to no experience as your finances could suffer. Instead, consider outsourcing to Steward Ingram & Cooper PLLC, a CPA firm serving Chapel Hill with comprehensive accounting services that will save you time and improve your financial future.
Our Accounting Services
Financial Statement Preparation & Analysis
Running monthly or quarterly financial statements provides you with a clear, comprehensive look at the financial health of your organization while allowing you to plan for the future. In addition to helping you track your incoming and outgoing funds and determining the profitability of your organization, you will need current financial statements to secure loans, expand your organization, or work with an investor.
We not only generate your business’ financial statements for you, but we will also sit down with you and analyze them so you have a clear understanding of your financial status at the present, what you can expect in the future, and steps you can take to improve your status.
Tax Preparation Services
One of our most common accounting services is tax preparation, both annual returns and quarterly estimated taxes. Business taxes are complicated and time-consuming for most business owners. However, our Chapel Hill CPAs have comprehensive knowledge of the tax codes, including credits and deductions, and we will apply that knowledge to minimize your tax burden ethically and lawfully. We can also sit down with you to create strategies that will minimize your tax payments in the future.
General Ledger Assistance
The general ledger tracks your financial records and is essential for ensuring financial health and solvency. Keeping this ledger updated and organized is necessary, but often time-consuming. Our accountants will analyze your general ledger to look for any discrepancies, reconcile your records, and help you get on a stronger footing moving forward.
Why Choose Steward Ingram & Cooper, PLLC for Accounting Services in Chapel Hill
Since 2000, Steward Ingram & Cooper PLLC has provided tax and accounting services for midsize to large companies in the Chapel Hill area. We have experience to prepare your taxes and financial statements, as well as to help you analyze the data and plan for the future. Our clients see us as trusted financial advisors who are dedicated to their financial well-being, and we can provide you with the same service and peace of mind.
When you outsource your accounting to our CPA firm, you can focus your time on operations knowing that your financial records and tax preparation are in capable hands. We work with clients in Chapel Hill as well as the surrounding area including Hillsborough, Pittsboro, Fearrington, Durham, and Morrisville.
What is the difference between a CPA and an accountant?
A CPA has more qualifications than an accountant. A Certified Public Accountant has earned their CPA license through a combination of education, experience, and exams and is recognized by the government as a person is an expert in the field. Only CPAs can legally audit financial statements and file them with the Securities and Exchange Committee (SEC).
Should I hire an accountant?
Hiring an accountant is a smart decision for several reasons. For one, accountants will keep you up-to-date on tax laws and file legal documents on behalf of your business. Additionally, having an accountant allows business owners to allocate more time to their businesses and minimize the time they spend on taxes and bookkeeping.
Can outsourcing accounting with a Certified Public Accountant help my business?
Outsourcing a CPA can increase your bottom line. Many small businesses find that outsourcing a CPA is less expensive than hiring a full-time, internal CFO. You will still receive top-level professional help with your accounting matters, but you will pay them on an as-needed basis.
What accounting duties can be outsourced to a CPA?
CPAs handle a large variety of accounting matters. A short list of duties CPAs can perform include:
• Managing accounts receivable and accounts payable
• Bookkeeping services
• Financial reports
• Financial audits
• Tax report and filing
Are accounting services taxable in North Carolina?
Outsourced accounting services are not subject to tax in North Carolina. Contact our CPAs in Chapel Hill to learn if taxes are required for your accounting services in North Carolina.
What’s the difference between accounting services and bookkeeping?
Both bookkeeping and accounting services are vital to a business’s health. While they both overlap in their functions, bookkeeping involves the daily record keeping of financial transactions whereas accounting services provide an analysis of the data that was recorded in bookkeeping.