Small Business Services

DO YOU FIND YOURSELF …

• Frustrated that your current CPA relies on outdated systems or is perpetually in reactionary mode?

• Surprised by an unexpected tax bill in April?

• Struggling to attract and retain team members who have the same passion as you to provide an excellent customer experience?

• Strapped for time, leaving little margin for family and fun?

• Wondering what your business is actually worth and the tangible steps you can take to increase its value?

We’re here to help.

Formerly SV CPA Services, WorthyNest® now provides cloud-based accounting, exit planning, payroll, and tax services to established small business owners. Below are five benefits of working together.

Types of Small Business Services

Accounting & Bookkeeping

Working with us alleviates the stress of not knowing the state of your finances. Our experienced professionals not only keep track of where your money is going but also help you plan for future business growth. Eliminate surprises and meet tax obligations by working with us. The data we provide gives you financial insight to take your company to the next level. It helps you plan wisely for future growth and make important decisions.

Stop spending all your time at a desk and start doing what you love. You can drastically cut down the amount of time you or your employees spend on bookkeeping matters by utilizing QuickBooks Online ("QBO"), the most popular accounting software for small business owners. Our QBO accounting services include:

• Determining the right fit for your needs

• Activating a subscription and training you on QuickBooks Online

• Providing ongoing QBO support

• Issuing unaudited owner-level financials

Exit Planning

Deb Meyer, Certified Exit Planning Advisor and founder of WorthyNest®, is committed to helping entrepreneurs maximize the value of their business, take personal financial plans to the next level by incorporating charitable giving strategies, and enjoy future adventures. Sadly, she has witnessed too many small business leaders who work so hard in the business, yet come to the end of their career and find out they are not ready to successfully transfer the company to another person (even family). These entrepreneurs missed the opportunity to grow transferable business value through exit planning.

Did you know that 70% to 80% of businesses put on the market do NOT sell? The main reason is a lack of proper planning. One common calculation of business value is this:

Value = Earnings x Market Multiple

Entrepreneurs spend a lot of time focusing on earnings. Many of them, however, underestimate the impact of the Market Multiple, which is an industry-specific range determined by the Private Capital Market. Entrepreneurs DO have control over where their company lies within this range by focusing on the four intangible capitals:

• Human talent within the company

• Customer strength and longevity of relationships

• Structural back-end infrastructure, including defined processes and accurate financials

• Social culture or team environment

Payroll

Is your current accountant using outdated payroll methods while your employees wait on paper checks to cash every other Friday? Or are you trying to run payroll yourself and stay compliant with state regulatory agency requirements? Payroll shouldn’t be so stressful.

WorthyNest® takes the guesswork out of payroll processing for accounting clients. We partner with Gusto, a trustworthy full-service, and online payroll provider. Payroll can literally be run in a matter of minutes! Gusto doesn’t just calculate your payroll taxes. They remit the appropriate taxes to the right governmental agency each time you run payroll. Additionally, their software plays nicely with others such as QuickBooks Online. Besides providing payroll services, Gusto also offers employee benefit programs such as:

• Health reimbursement or small group health insurance

• 401(k) solution through Guideline

• Worker’s compensation insurance

Tax Consulting & Compliance

We help clients reduce their tax liability through proactive reduction strategies and careful planning. Effective tax planning takes experience and in-depth knowledge of the very latest changes to the tax law. It’s not about gaming the system, but rather finding opportunities to legally lower your taxes. We have what it takes to help you create an effective long-term tax plan. When you partner with us, we’ll work closely with you to identify and implement effective tax-saving strategies, including:

• Taking advantage of all available tax deductions

• Deferring income when possible so that it’s taxed at the lowest rate

• Choosing the right accounting methods for your business

• Selecting the proper depreciation methods

To give personalized attention to clients during tax season, tax preparation services are only offered in conjunction with other ongoing WorthyNest® services.