Overview

Each year, Crismore CPA Group reserves 20 positions for small businesses to participate in our Small Business Development Program. The goal of the program is to help central Indiana small businesses get organized, remain compliant with federal, local, and state tax laws, and save money.

Monthly Fees Help With Cash Flow

The Crismore CPA Group Small Business Development Program allows its participants to spread out their annual accounting fees by paying on a fixed monthly payment plan instead of receiving larger bills only at tax time. This allows the small business to spread the cash flow burden across 12 calendar months instead of paying the entire year's fees at tax time.

What is the process?

	Create the Recordkeeping System
	We begin by helping you organize your bookkeeping. You can choose whether you would like us to do the bookkeeping for you, or whether you would like to use a professional software program such as QuickBooks.
	File the Necessary Documents
	After successfully getting your bookkeeping system in place, we will meet with you monthly to make suggestions on improving your business systems, and implementing cost savings that you may not have otherwise noticed.
	Identify Cost Savings
	We will help you determine the correct amount for quarterly and year end tax payments to avoid tax penalties for underpayment of taxes.
	Stay in Compliance
	We will prepare your federal and state tax returns for your business. We will also file one owner’s personal tax return as part of the standard program fee.

Where do the cost savings come from?

Every business has its own challenges, and we won’t know what cost savings are available to you until we get to know you and your business. However, the following cost saving ideas have worked for us in the past, and will continue to work for us in the future:

	Remaining compliant with federal, state, and local tax laws will always cost less than paying those taxes plus penalties and interest.
	Tax Planning with quarterly and annual tax payments will help you avoid penalties and interest.
	Planning tax deductions during the tax year instead of at tax time will help you optimize your tax strategy.
	Businesses with good financial accounting systems should outperform businesses that do their bookkeeping in a shoebox.
	The fee structure both in this program and in our general practice is lower than many competing CPA firms in central Indiana. Most clients save money by switching from their old CPA to use our services.
	The Alternative Minimum Tax (AMT) is like a second tax system that could affect anyone with an income over $75,000 per year. Business ownership and rental properties can result in unexpected taxes due. It is important to consult your CPA to understand where issues might occur.