To provide business owners financial clarity to grow healthy businesses by guiding them through the ever-changing tax and financial landscapes. Our clients trust that we have the experience and the to best handle their challenges and questions. Our clients know they're relationships are valued as their issues and questions are responded to and resolved quickly.
Our clients are inspired and uplifted in an otherwise dry and painful area of their lives. Our clients feel safe exposing their private and personal challenges and weaknesses and are encouraged knowing they will be armed with information and strategy moving forward. Rich & Company embodies an environment where its team and its clients can be the best version of themselves as we all navigate life.
We offer a wide range of accounting services that include everything you need as a small or mid-sized business owner. While preparing for your business, non-profit or individual tax returns, we want to know the story behind the numbers.
Our clients are inspired and uplifted in an otherwise dry and painful area of their lives. Our clients feel safe exposing their private and personal challenges and weaknesses and are encouraged knowing they will be armed with information and strategy moving forward. Rich & Company embodies an environment where its team and its clients can be the best version of themselves as we all navigate life.
We offer a wide range of accounting services that include everything you need as a small or mid-sized business owner. While preparing for your business, non-profit or individual tax returns, we want to know the story behind the numbers.
Services
Matt had built a successful plumbing company over a four-year period when he realized that he was about to face one of the largest expenses of his career in the form of an individual tax liability stemming significant flow through business income.
The problem, he stated, was that his bank account clearly didn't reflect the amount of income shown on his income statement.
Consequently, he didn't have enough cash available to cover the pending tax liability.
After review of his financial statements, we uncovered large, fixed asset purchases and corresponding notes that were not included in his balance sheet, giving rise to large first year depreciation deductions.
The problem, he stated, was that his bank account clearly didn't reflect the amount of income shown on his income statement.
Consequently, he didn't have enough cash available to cover the pending tax liability.
After review of his financial statements, we uncovered large, fixed asset purchases and corresponding notes that were not included in his balance sheet, giving rise to large first year depreciation deductions.
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