Focus on Your Business, We’ll Handle the Numbers:

Streamlined accounting & bookkeeping for accurate records, insightful reports, and growth-driven decisions.

DOES THIS SOUND FAMILIAR?

Feeling overwhelmed by numbers? Drowning in receipts and invoices? Ever wonder where all your money goes?

You’re not alone! Many business owners and individuals struggle with managing their finances. It can be:

01

LOSING CONTROL

Are your finances a mystery?

Are you missing crucial information when making important decisions? Feeling unsure about your business’s profitability?

02

TIME BANDITS

Spending hours tracking expenses, reconciling bank statements, and wrestling with accounting software?

Imagine that time used on growing your business instead! 

03

RESTLESS

FINANCIAL anxiety:

Worrying about errors, missing deadlines, or failing to meet financial goals can weigh you down.

You’re not alone! Many people find tax season a complex and daunting experience. But here’s the good news: you’ll have someone in your corner when you call us.

Finances can be overwhelming to business owners

Why choose us?

Get organized, gain clarity, and make informed decisions – all with the help of your expert financial guide.

Peace of mind

Eliminate financial chaos with accurate, organized records and timely reports.

Clarity and Insights

Gain a clear understanding of your financial health with easy-to-grasp reports and dashboards.

Empowered Decisions

Make strategic choices with confidence, backed by accurate and insightful financial information.

Frequently Asked Questions

Below are some of the most frequently asked questions we get about accounting and bookkeeping services.

The answers are meant to be helpful although should not be construed as accounting, legal or tax advice.

Do I need a CPA for my small business in Kentucky?

Not necessarily, but a CPA can offer significant benefits beyond basic bookkeeping. They can provide tax optimization, financial analysis, and strategic guidance, ultimately saving you time and money. Consider your business complexity and growth plans when making the decision.

 

What are the specific bookkeeping requirements for Kentucky businesses?

Kentucky generally follows IRS recordkeeping guidelines.

Specific requirements vary based on your business structure and industry.

A Kentucky CPA can ensure you comply with all state and federal regulations.

Is cloud accounting software beneficial for my Kentucky business?

Absolutely! Cloud software offers secure access, real-time collaboration, and automated features, streamlining processes and improving financial visibility.

A Kentucky CPA can recommend suitable software and assist with implementation.

How often should I reconcile my bank statements?

Monthly reconciliation is standard, but some businesses benefit from weekly or bi-weekly reconciliation depending on transaction volume. Your Kentucky CPA can advise on an optimal frequency based on your needs.

What are the common tax deductions available for Kentucky businesses?

This depends on your industry and business structure.

Common deductions include business expenses, home office expenses, depreciation, and employee benefits.

Consult a Kentucky CPA for personalized tax advice and maximizing deductions.

How can I protect my business from payroll tax errors in Kentucky?

Utilizing accurate payroll software and partnering with a Kentucky CPA specializing in payroll taxes can significantly reduce errors and potential penalties.

They can manage payroll calculations, filings, and ensure compliance with state and federal regulations.

How can I prepare my business for an audit in Kentucky?

Maintaining organized and accurate records throughout the year is key.

Having a Kentucky CPA review your bookkeeping practices and financial statements beforehand can provide peace of mind and minimize audit risks.

 

What financial reports are crucial for my Kentucky business?

Profit and loss statements, balance sheets, and cash flow statements are essential.

Depending on your industry or specific needs, additional reports like accounts receivable aging or inventory reports may be beneficial.

Discuss your reporting needs with a Kentucky CPA.

What are the benefits of outsourcing bookkeeping to a Kentucky CPA?

Benefits include access to expertise, improved accuracy and efficiency, cost savings compared to hiring full-time staff, and peace of mind knowing your finances are in qualified hands.

How can I find a reputable Kentucky CPA for my business?

Seek referrals from trusted sources, research credentials and expertise, and schedule consultations with potential candidates.

Look for a CPA who understands your industry and specific needs, offers transparent pricing, and prioritizes communication.

NEIKIRK, MAHONEY & SMITH CPAs

700 N. Hurstbourne Pkwy , SUITE 200
Louisville, KY 40222
info@neikirk.net 
Phone: (502) 896-2999

Whether you consult us for business accounting services, personal accounting, tax planning – for corporations or individuals – or tax preparation purposes, Neikirk, Mahoney & Smith can provide a plethora of tax-saving ideas and related services that can positively impact your business for years to come.