Top 10 Best Bookkeeping Services in Phoenix, AZ June 2023

Check out the average hourly rate for accounting services in your area. Thomas S Holly CPA PLLC specializes in accounting solutions and money-saving tax strategies for small business owners. We understand the importance of accuracy when it comes to bookkeeping. When you choose BooXkeeping, you can rest assured bookkeeping phoenix knowing that you’re getting the most reliable bookkeeping services from a team “obsessed” with helping your business. Providing personable and professional human resource and payroll services to businesses which are tailored to support an owner’s primary motivation to grow and succeed at whatever they do.

• They often work closely with law enforcement and lawyers, and they can help determine the legality of financial activities, according to the BLS.
• They can receive a degree in accounting or another financial specialty like economics or math.
• Bookkeepers would keep track of money spent and received within a physical ledger.

There is no requirement for someone to work as a bookkeeper, other than perhaps experience. But there are optional certifications for bookkeepers from different associations of bookkeepers. Bookkeepers manage the small details of a business’s financial interactions. The average bookkeeper in Phoenix, AZ earns between $28,000 and $50,000 annually.

Kathleen M Egan, CPA

That difference in credentials also translates to how much each service costs. When people think of accountants and bookkeepers, the nerdy, socially awkward character with a passion with numbers often comes to mind. And often, accountants and bookkeepers get looped into the same role. Xendoo and the Xero accounting platform work hand-in-hand to integrate seamlessly with virtually all of the cloud software used by Phoenix small businesses today. Every service to save you money at tax time, with access to a CPA all year. Join dozens of Phoenix businesses that already count on us to handle their bookkeeping.

• However, this doesn’t necessarily mean they will be the best candidate to provide the help you need with your income tax preparation.
• Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450.
• Check out the average hourly rate for accounting services in your area.
• BooXkeeping offers affordable and accurate bookkeeping services for small and medium-sized businesses in Phoenix and the surrounding areas.
• There are major differences in what it takes to be an accountant vs. a bookkeeper.

Some Phoenix small business owners might get them confused, but we’re here to make sure you don’t. We offer small businesses in Phoenix, Arizona, CPA services to free you up so you can get back to why you started your business. No more mad dash to get organized for income tax day, or filing extensions when you fall behind. Plus, we’ll keep you in compliance with sales tax regulations in Phoenix and Arizona.

Bookkeeper Pay Difference by Location

Accountants assist businesses with financial decisions and meeting government regulations around taxes. Large businesses hire accountants to “crunch the numbers” and find out where they can make cuts or additions. Bookkeepers and accountants often work together on a business’s finances, though with different specialties.

You can also ask an accountant to provide proof of their license and credentials. They can also give in-depth financial forecasting, which is helpful when seeking out investors or negotiating business deals. Your Xendoo team is always available by live chat, email, or phone call. It’s like we’re right there in Phoenix making it happen with you. Get small business financial solutions with a hometown human touch. You’ll know how much your project costs even before booking a pro.

Phoenix Tax Experts

Any individual with a preparer tax identification number (PTIN) is eligible to file your income taxes on your behalf. However, this doesn’t necessarily mean they will be the best candidate to provide the help you need with your income tax preparation. The IRS explains that CPAs, attorneys and enrolled agents are all allowed to legally represent their clients before the IRS. They have a more thorough understanding of tax code than an individual operating solely with a PTIN or an Annual Filing Season Program participant who provides their services on a volunteer basis. Consider the complexity of your tax return and what level of expertise you’ll require.

On top of their degree, many accountants also choose to pursue extra certification as a CPA (certified public accountant). To become a CPA, an individual must have professional experience as an accountant and pass the CPA exam. But as their finances grow, the need for an outside bookkeeper becomes apparent. Another role of accountants is planning for taxes and filing for tax returns.

Law & Reed, CPA PC

All with a human touch and tech that integrates with your platforms seamlessly. The main difference between a bookkeeper and an accountant is the scope of the financial https://www.bookstime.com/ tasks they cover. Other Phoenix bookkeeping services may have no formal education or training but can rely on consumer software to input transactions based on receipts.

This compares to the national average bookkeeper range of $30,000 to $52,000. A full benefits package to include medical, dental, and vision insurance; paid holidays, vacation, and sick time; and quarterly performance-based bonus opportunities. The title bookkeeper comes from before most records were digital.

Bookkeeper Jobs in Phoenix, AZ

We can take over your bookkeeping, payroll, and tax planning needs so you can stay focused on doing what you love, serving your patrons. But we’ll do more than handle your routine accounting functions, we’ll help your restaurant stay profitable. Accountants do not automatically have a Certified Public Accountant (CPA) designation unless they have passed the Uniform CPA Examination and received the proper license. CPAs are also eligible to represent clients before the IRS if audit support is required, while a non-CPA accountant is not.

Whether you’re a business owner or someone with questions about your finances, it’s good to know the difference between the two. Most bookkeepers on the market have no specialized education or training. Choosing bookkeeping services directly through an established CPA firm is the best way to go for quality and peace of mind as well as the option to have additional support. According to the American Institute of CPAs, certified public accountant (CPAs) financially advise individuals, big companies and small businesses to help them reach their financial goals.