If you are like many small business owners, accounting has become more complex due to ever-changing laws and regulations related to small businesses. Running your own business requires you to understand the fundamental record keeping – needs not just accounting. You must also have a clear baseline of understanding to effectively run your company and handle your financial records. The more informed you are, the better equipped you are to address problems regarding accounting, taxes, and legal compliance. It is also necessary for you to follow local, state and federal regulations to keep your small business running smoothly. 

Recent studies have shown some surprising, yet telling, small business accounting stats. Check them out…

  1. 82% of businesses that failed cited cash flow problems as a factor in their failure
  2. Over 70% of small-business accountants see their advisory roles becoming more strategic
  3. 60% of companies aren’t happy about their current Accounting & Finance process.
  4. 70% of small businesses outsource tax preparation 
  5. Only 17% of companies have an asset management system in place to track assets 
  6. Only 40% of small businesses have a CFO or controller 
  7. Less than 40% small business owners feel they are extremely or very knowledgeable about accounting and finance
  8. Over 50% of small businesses say they outsource payroll
  9. Nearly 50% of small business owners admit they do not understand how ghost assets affect their bottom-line 
  10. 30% of small business owners believe their accountants are their best advisors
  11. More than 42% of small businesses expect their accountants to offer business advice

Some clear trends are imaging from the data. Small businesses struggle with accounting services, while simultaneously, small businesses are looking to be more strategic with their finances. This is where TSAT fits into your plan! 

At TSAT Accounting Solutions we offer a variety of services to not only generate reports but going deeper so that you can fully understand your business. These include Elite CFO packages to our Small business Starter Package. Don’t let accounting inexperience hinder your business! 

Accounting firms may all seem the same because you can’t change accounting standards and procedures, HOWEVER, at TSAT Accounting Solutions it’s the high quality of care and compassion that we have for our clients that makes us different.

Accounting with TSAT is the Trusted Solution!

Our Solutions:

-CFO Advising

-Financial Health Reviews

-Personalized Bookkeeping/Accounting

-Recon/Review Quality Assurance

-Payroll/Payroll Tax Filing

-Income Tax Preparation

Interested in learning morning about us? Apply today! Contact Us!

Accounting with TSAT is the Trusted Solution!

Phone: (417) 208-2858

Email: info@tsataccountingsolutions.com or sales@tsataccountingsolutions.com 

“We want to Amaze our Clients not just serve them”. – Tabitha Smith