Recommendations for bookkeeping and tax prep help for SaaS business owner?

June 29, 2023

by a searcher in New York, NY, USA

Hey Searchfunder fam -

I closed on my business late last year. My current bookkeeper and tax CPA are not cutting it. I am looking for recommendations for firms that can ideally handle both i.e. bookkeeping, tax strategy and optimization, tax prep and filing. Experience with Profit First is a huge plus.

Please share your recommendations with me!

Thank you in advance!

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Reply by a professional
from University of Houston in Chicago, IL 60610, USA

I recommend not looking for a firm that does both. Look for a specialist in accounting/finance and look for a specialist in tax. Center your books around accounting best practices. This makes it easier to plan and manage the business. Let the tax accountant act as an advisor. Your books will be messed up if you are letting taxes be your driver on how to run the books. Tax accountants target should be to minimise the amount of tax you pay. From an ownership standpoint, you want your financials to show your business in the best light WITHIN THE RULES AND WHAT ACCURATELY REPRESENTS YOUR BUSINESS' PERFORMANCE. You also want the financials to makes sense for you/the lender/the board/other shareholders. Two different goals. Message me to talk.

Reply by a professional
from Bentley University in Boston, MA, USA

If you are still seeking support here, my company https://mightystartup.com/ focuses on providing finance and accounting solutions to early stage SaaS startups. We do not offer tax services but can refer to experts in our network and interface with them directly. Happy to chat any time.

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