Huddleston Tax CPAs is comprised of experts with extensive backgrounds in bookkeeping and accounting for startups. Much of our clientele comes is a result of referrals from small business owners and self-employed professionals. Our reviews on Yelp and Google speak for themselves. With startups, we’re consistently praised for our accuracy and speed.
As a startup ourselves, we understand the common pitfalls, fears, and pace you need your bookkeeping and accounting done. We have worked with over 700 startups, ushering many to success, improving cashflow, and increasing EBITDA. We’re an all-in-one firm, providing accounting, tax planning, bookkeeping, payroll, business coaching, valuation and QuickBooks consulting.
We have a long history with startups and many of our CPAs specialize in specific verticals and business groups.
What our CPAs can do for your startup?
Startup is a broad term, and can range from one person to a few hundred. At the end of the day, the thing that matters is profitability. Businesses who already have capital know the pressure of the high-growth, fast-paced startup environment. These are companies that need a CPA to provide guidance especially given the unique circumstances. Moreover, Seattle is rapidly growing. As a result, you need a financial expert who knows the laws between cities and states — and we can be that partner.
We can be the resource you need to maximize your deductions, reduce your burn rate, and grow your business. Let us handle the governmental paperwork.
Premier startup CPA services
Although “startup” is a broad term, there’s a obvious difference between those on the ground floor and those backed by venture capitalists. Within those two veins, there are also myriad verticals depending on your industry. We have CPAs that specialize in:
- Construction & Engineering
- Medical & Surgical Practices
- Technology & SaaS Companies
- Real Estate Investments and Realtors
- Law Firms
To ensure due diligence we make sure to pair the right CPA with your industry, so a SaaS company isn’t paired with a CPA specializing in ecommerce. Our CPA specialists can help navigate your particular industry to ensure your company’s growth.
For a detailed dive into our services, view any of the following pages:
- Tax Preparation
- Tax Planning
- Entity Selection
- Payroll Services
- QuickBooks Consulting and Training
- Business Coaching
- Business Planning
You can also schedule an appointment and meet with one of our experts.
Why do you need a CPA?
CPA credentials are rented, never owned. Certified accountants need to renew their license every three years. As a result, CPAs must stay up-to-date with law changes, new methods of financial planning and maintain their accounting expertise. What’s that mean for your business?
First, if you have a VC-backed startup, chances are you can expect growing pains. Whether it’s from an M&A, a new loan, or a complete comprehensive financial record for a new board member to feel at ease. No matter the scenario, there will be myriad due diligence experts with seemingly endless questions – and if you think the questions will be worded in plain English, think again. On the surface this may appear as tedious busywork, but given tight deadlines, it can quickly become a full-time job just to qualify for a round of funding that will keep the lights on for another month. Our CPAs get to know your business inside and out. Not only can we answer those questions, but we do it in a timely fashion, so you can focus on the day-to-day.
Second, being a licensed CPA firm, you can grant us the legal right to perform business tasks on your behalf. Where this saves you time, money, and headache is when it comes to dealing with the IRS directly. Huddleston Tax CPAs have experience representing clients to the IRS, presenting documentation, and in some scenarios, negotiating an offer in compromise. It’s not simply a matter of keeping the books, but being your advocate.
Contact Huddleston Tax CPAs to book an appointment!
Frequently Asked Questions
What should I ask a CPA when starting a business?
For starters, you should ask, “what the best way to set up my business?” Many entrepreneurs start their company as a sole proprietorship, not realizing there are much more cost effective options. Restructuring your business as an S Corp for instance, can enable you to lower your personal taxes by assigning yourself a reasonable salary. Additionally, you can lower your overall company taxes this way as well.
How can I reduce expenses?
One of the benefits of hiring a small business CPA firm is we have the experience from working with myriad startups what you need to do to reduce expenses. We can offer insights and cost-cutting measures that are proven to increase cashflow and reduce expenses. You don’t need to figure out how to invent the wheel, rely on a CPA firm that has this information from decades of experience immediately at your disposal.