How to Transition from Employee to Private Practice Owner (Without Losing Your Mind)
Here’s a quick guide on the transition from employee to private practice owner to help you be prepared on the business side of things
As a small business owner, we know how important your bottom line is. But how sure are you of your bottom line profit if your financial books are a mess every month? If you’re thinking to yourself, “it’s been awhile since I took a look at exactly where we stand financially…” it’s probably time to get outside help! We’re a virtual firm of accountants who help small business owners and freelancers nail down their income & expenses, rectify historical books & setup long term business goals to achieve your vision for success.
We don’t just service Seattle – in fact, we are a virtual accounting services firm for small businesses across the United States. Our team members are located up and down the west coast and work with clients through Zoom meetings, phone calls & email.
Why do other small businesses outsource bookkeeping services in Seattle? Let’s take a look.
We keep track of your daily income & expenses in a cutting edge software tool to ensure your business is right where it should be.
We'll verify that your books are a 1-to-1 mirror of the transactions as listed by your bank. Avoid headaches come end of month or tax time.
It's almost impossible to bring on new employees or clients if your books are a mess. With an organized process in place, you'll know exactly when and how you can afford to expand.
When you meet with the team, we can assess the scope of the set-up job. We will draft a proposal in a software program called Practice Ignition, and you will sign and send your agreed-upon initial payment.
We collect information from you so that we can set up your QuickBooks account. We talk to you about how you use your books, what you expect of them , how to link your bank accounts, and how granular you like your financial statements to be.
Our clients use Gusto to process payroll payments. We’ll set up benefits, deductions, and any special circumstances. This helps us understand your employee reimbursements, benefits, time off, and all the other details.
Washington business must file State Business & Occupation Tax regularly. (You may need to pay city tax, too) to enable us to file your B&O taxes, we work together to link your taxes.
Here’s a quick guide on the transition from employee to private practice owner to help you be prepared on the business side of things
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