Accounting & Bookkeeping
Accounting vs Bookkeeping
Bookkeeping focuses on recording financial transactions, maintaining ledgers, and ensuring accurate financial data entry. Accounting, on the other hand, involves analyzing financial data, preparing reports, and offering strategic insights to help businesses make informed financial decisions. While bookkeeping is the foundation, accounting interprets and applies financial information for broader business planning.
Periodic Review
We do monthly comparative analysis of the financial statements to determine the health of your business. Then we meet with each client to review those financial statements and discuss areas of opportunity to improve.
Tax Planning
In The Black Advisors does a tax projection for each client. We look at both business and personal income, determine any tax credit the client is eligible for. We don't want any surprises when it comes time to file the tax return.