Want a secret to simplifying your business...

Make sure your accountant has more than just an accounting

degree

Here's why.

Sure, getting your taxes done properly, ensuring that you get all the appropriate deductions and benefits that you are due, and having your payroll done correctly if you have employees, is all essential. And this needs to be the number one requirement.

However, if this is all you're getting from your accounting firm, you may be getting short-changed from all the opportunities available to you.

 Serving Charleston and Hilton Head, South Carolina

Hi. I'm Larry Wright, President of Ross Wright Chason, a professional accounting and financial management firm serving businesses and entrepreneurs in Charleston and Hilton Head.

Over the years we've worked with everything from home-based entrepreneurs and startups, to businesses with a growing payroll and major overhead.

We provide a full range of services, including:

- Accounting Systems custom fitted to the

   specific needs of each client,

- Taxes and payroll services done properly

   and professionally,

- Business and financial planning to help

   identify problems and opportunities for

   our clients,

- Budgeting and forecasting, 

- Business planning and document

   preparation for lending and credit

   purposes, 

   and even

- Management of household finances for

   disabled and elderly family members.

We are able to do all this because, besides an accounting degree, I also have an MBA from the Wharton School, one of the best business schools in the nation.

I also have considerable experience running a small business of our own.

So I can speak your language.

Most importantly, all this education and experience means, our firm can provide you with services and insights not available from many other firms -- at a very competitive fee.

ACCOUNTING and
TAX SERVICES

All this education and experience means, our firm can provide you with a full range of business services, to help you manage and grow your business, and achieve your personal goals.

At the heart, our company provides our clients with:

~ Financial Accounting Management

 
~ Tax Planning and Preparation,

 
   and

 
~ Business Intelligence

We are a management resource that focuses on the needs of the smaller business enterprise as well as, those of "not-for-profit" organizations.  

We firmly believe that rigorous financial and management systems must provide the basis  for measuring  success. We recognize that the keys to success are the same for any enterprise, regardless of size or purpose.  

Our goal is to PROVIDE SOLUTIONS to the challenges of:

WE PROVIDE COMPLETE TAX SERVICES

This includes Tax Preparation & Planning for

• Individuals,
• Sole Proprietors,
• Partnerships,
• Corporations

WE SPECIALIZE IN QUICKBOOKS® CONSULTING

We are a QuickBooks Certified ProAdvisor. This means we have been certified and can provide you with the following:

- Custom design and installation

   of accounting systems,

- Identifying and fulfilling

   compliance reporting needs,

- Performing the accounting

  function,

- Training your staff on the use of

   QuickBooks, and other related

   system,

- Complete payroll services,

- Managing accounting departments (if needed),

- Remote access to your accounting systems.

QuickBooks is the #1 Small Business
Financial Software

OTHER SERVICES AVAILABLE

We also provide

- Full payroll services,

- Business intelligence,

- Business organization formation,

- Protection of your personal assets

- Tax savings and management,

- Reducing your chance of an audit,

- Establishing a professional identity

- Raising capital

Business Intelligence

In combination with QuickBooks®,  We use Microsoft Excel® and Access to spot, dig-out, and analyze 'hard' data, such as sales revenue by product or department or associated costs and incomes, with the objectives of:

- understanding a firm's internal and external

   strengths and weaknesses.

- understanding  the relationship between different

   data for better decision making,

- detecting opportunities for innovation, and

- cost reduction and optimal deployment of

   resources.

Business Organization Formation

Are you considering incorporating?

You don’t have to be a large operation with dozens of employees to benefit from incorporating. In fact, quite the opposite is true. Many  one-person businesses with less than $50,000 in revenues—or even no revenues and just getting started could benefit from incorporating in one form or another.  Let's look at some of the advantages.

Protect Your Personal Assets

In our increasingly litigious society, it is becoming ever more important to limit your exposure and protect yourself from liability. As a sole proprietor, your liability for business debt is unlimited, meaning personal assets such as your home, personal bank accounts and other valued assets may be at risk.

Forming a corporation or LLC draws a firm line between your personal and business assets, helping protect your personal assets from risks or debts associated with running your business.

Realize Tax Savings

As your business income grows, there may be tax advantages to incorporating and paying taxes at corporate rather than personal tax rates. 

Additionally, if you’re paying substantial self-employment taxes today, forming an S-corporation could help you save on income taxes.

Reduce Chance of Tax Audit

Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared), and tend to underreport revenue or over report deductions. 

For these reasons, the IRS has continually audited a much higher percentage of sole proprietor tax filings than corporate filings.

In 2004, 1.86% of sole proprietors with earnings of >$100K were audited, where only .19% of S-Corporations were audited… So, you’re ten times more likely to be audited if you are a sole proprietor.

Establish a Professional Identity

Many small businesses choose to incorporate or form an LLC to prove their legitimacy to both customers and suppliers. Including the “Inc.” or “LLC” at the end of your business name in all marketing and communications can help to separate you from the competition.

Raise Capital

If you are looking to raise capital, incorporating or forming an LLC also increases the legitimacy of your company from an investor’s standpoint. Investors are interested in making sure they are investing in a sound business – one that has adhered to the proper formalities (whether you’ve formed a corporation or an LLC).

 Serving Charleston and Hilton Head, South Carolina

Would you like to discuss your business with us ...

We are easy to talk to and easy to work with.

Whether you are in the early stages of your business formation or well advanced, and whether you have a smaller entrepreneurial business or a larger organization, we are always happy to discuss your needs and how we may help.

To contact us, call or email anytime at:

 

ROSS WRIGHT CHASON, LLC

Accounting and Financial Management

Charleston, South Carolina

Phone: 843.647.1559

Hilton Head Island , South Carolina

Phone: 1.843.647.1559 (local call)

Larry R. Wright, President
    email: rwchason@rwchason.com

se habla español

FREE VIDEOS AND LINKS (below)

Time
6:53 -- What are the 5 fundamentals to look for when

            choosing a financial and accounting specialist?

            (Areas for evaluation)

4:56 -- What are the risks of trying to do business

            accounting and financial management by

            yourself? (Issues that can come back to bite you)

5:37 -- What types of accounting and financial

             management services are available?
             (Issues and variables)

6:18 -- What are the steps involved in selecting and

             engaging the right accounting and financial

             management specialist?

             (Issues that can come back to bite you)

6:05 -- Process of engagement with the Professional

            Consulting Company? (Areas for evaluation)

+++++++++++++++++++++++++++++++++++++++++++++++++++++

6:53 -- What are the 5 fundamentals to look for when

            choosing a financial and accounting specialist?

            (Areas for evaluation)

4:56 -- What are the risks of trying to do business

            accounting and financial management by

            yourself? (Issues that can come back to bite you)

5:37 -- What types of accounting and financial

             management services are available?
             (Issues and variables)

6:18 -- What are the steps involved in selecting and

             engaging the right accounting and financial

             management specialist?
             (Issues that can come back to bite you)

6:05 -- Process of engagement with the Professional

            Consulting Company? (Areas for evaluation)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

LINKS THAT MAY BE HELPFUL

Here are some links to help answer some of those "nagging" questions:

How Much Mortgage Can I Afford?

How Much Money Am I Really Spending?

How much Federal Tax Should I Have Withheld From My Paycheck?

How Much Should I Save For Retirement?

Thinking of Hiring Employees for Your Business?

Need to Reach the Internal Revenue Service?

Need Information on Social Security?

Common Tax Credits

Personal Finance Glossary

Small Business Administration

Still can't find the answer?

Ask Us !

 Serving Charleston and Hilton Head, South Carolina

Would you like to discuss your business with us ...

We are easy to talk to and easy to work with.

Whether you are in the early stages of your business formation or well advanced, and whether you have a smaller entrepreneurial business or a larger organization, we are always happy to discuss your needs and how we may help.

To contact us, call or email anytime at:

 

ROSS WRIGHT CHASON, LLC

Accounting and Financial Management

Charleston, South Carolina

Phone: 843.647.1559

Hilton Head Island , South Carolina

Phone: 1.843.647.1559 (local call)

Larry R. Wright, President
    email: rwchason@rwchason.com

se habla español