Chamberland Business Accounting is the “business owner’s accountant.” We specialize in serving small businesses and start-ups with the best accounting services and financial advice available anywhere.
Being a small business owner means that you wear many different hats and are responsible for the success of your business.
Our proven-system of small business services, can help you whether you are having a difficult time managing your business's finances, obtaining a loan, our filing your taxes or you are looking for guidance on growth for your business. We also ensure your business's taxes will be accurately completed and our team will find all legal deductions available, so you can save money and time.
• Bank Financing
We know how bankers think. If you’re looking for a loan, or an increase in your line of credit, our team will work with you to create a supportive and professional loan application or request.
• Cash Flow Management
Cash flow is critical to the day-to-day operation of your business. We monitor and record cash coming in, as well as cash commitments going out, so you can manage your revenues and expenses while avoiding any surprises.
• Cost Controls
Cost control is essential to both maintaining and growing the profitability of your business. Our accounting professionals will review and analyze both your business's expenses, calculating the difference in actual and expected costs, and developing a realistic budget for your business to follow. This will help your business cut down on expenses and grow your profits.
• Small Business Accounting
We provide our small business clients with bookkeeping and payroll services, as well as preparation of financial statements on a monthly basis. Visit Our "Accounting Services" Page
• Small Business Advisory
Our team of experienced professionals will provide your business with expert advice and guidance, to help you make the most beneficial decisions for a more profitable business. Visit Our "Advising Services" Page
• Small Business Tax
We offer our small business clients tax strategy for federal, state, and local taxes to help you find the most legal deductions for your business, saving you more. Visit Our "Tax Services" Page
• Last Three Months of Bank Statements or Check Stubs
• Last Year's Business Tax Return
• Last Three Months of Credit Card Statements
• QuickBooks Access
• Business's Bank Information
Please Note: This is a generalized list of what is required for a business consultation. As each business's needs will differ, we will notify you on what to specifically bring when booking your initial appointment.
The new tax code law has maintained most of the self-employment deductions and now has included some new deductions to help offer some relief. Some of the tax deductible benefits the self-employed can look to claim this year is: receiving a deduction on 50 percent of the Social Security and Medicare taxes your pay as both employer and employee; you will still be able to deduct 50 percent on food and beverages having to do with business, though certain entertainment expenses have been eliminated. Small businesses now have a new deduction, the Qualified Business Income Deduction (QBI), in which they can deduct up to 20 percent of their QBI.Learn More
Senator Ana Quezada of Rhode Island is proposing that the state enact a 1 percent tax on the sales of hookah and vaping products. The senator plans to use the money from the acquired sales tax on the products to send back to cities and towns to go toward educating the youth on the dangers of smoking e-cigarettes. A spokesman for the Consumer Advocates for Smoke-Free Alternatives Association argued that the state has plenty of money to already educate the youth with the nearly $200 million they collected in 2018 from tobacco revenue. He also went on to say the tax would be a punishment to those looking to get away from smoking tobacco products.Learn More
This year has seen the biggest tax overhaul in years from the Tax Cuts and Jobs Act. Many residents in Massachusetts and Rhode Island are frustrated over seeing a smaller tax return, though they did not pay more in federal. With the new withholding changes, many Americans were taking home more home in their paychecks, which resulted in less being withheld and having a lower tax return. Unfortunately, the new cap on SALT tax deductions hurt many residents as the automobile taxes, high real estate taxes, and high state taxes for both Massachusetts and Rhode Island caused many to go over the $10,000 threshold.Learn More