Murphy & Murphy Accounting Group
Accounting, Bookkeeping, Consulting & Taxes
Helping You Focus On What You Do Best
Welcome
Many small business owners pay too much in taxes, waste time doing their own books, and miss out on major business opportunities because they don't have pristine and up-to-date financial statements.
You need accounting and business information that is up to date, and you need it year around. That's the only way that you can make the best decisions possible for your business. In addition, you need to focus on what you do best, working with clients or customers, supervising employees, and running your business. The time that you sit in a back room doing the bookkeeping takes away from all of that. And, if you put it off until the end of the work day, then it takes time away from your family and friends.
Let us take care of accounting, bookkeeping, payroll and taxes so that you can focus on what you do best.
You need accounting and business information that is up to date, and you need it year around. That's the only way that you can make the best decisions possible for your business. In addition, you need to focus on what you do best, working with clients or customers, supervising employees, and running your business. The time that you sit in a back room doing the bookkeeping takes away from all of that. And, if you put it off until the end of the work day, then it takes time away from your family and friends.
Let us take care of accounting, bookkeeping, payroll and taxes so that you can focus on what you do best.
Proactive Accountant
Here are a few of the things I can help you with:
- Virtual bookkeeping services
- Cloud-based Small Business Accounting using QuickBooks Online
- Payroll preparation and payroll tax reporting
Bookkeeping
We use QuickBooks Online as my accounting platform because it is the clear industry leader and is robust enough to handle all the accounting needs of virtually all small businesses. The integration of third-party multitude of apps like time tracking, expense reporting, and online bill pay make it an even more efficient accounting system. This increases accuracy and saves a tremendous amount of time and money.
Our bookkeeping and accounting services include:
- Catch-up bookkeeping -- We will clean up your books, review and update your chart of accounts, and ensure that your system is set up correctly and that your books are up-to-date.
- Capturing and properly coding all bank and credit card transactions -- Most of your transactions flow through your bank account. We will make sure that all of those transactions are recorded in the correct accounts so that you have accurate and up-do-date financials.
- Financial reporting -- Through QuickBooks Online you will have access to up-to-date financials with the click of a button. Once a month or once a quarter, it depends on your needs, we will get together online and walk through your financial to see how your business is doing and where you might improve.
- Management reporting -- Want to know who your best (and worst) customer are? What about slow-moving inventory items. We can track that with QBO management reports.
- Bank and credit card reconciliation
- Accounts receivable
- Accounts payable
- Job costing
- Inventory tracking
- Fixed asset management including depreciation schedules
- Sales tax accounting and filing
- 1099 filings
Payroll
We know that one size doesn't fit all, especially when it comes to payroll. We offer three levels of payroll services, or we can customize our services to meet your specific needs. Here are the three levels.
DIY Payroll
We'll get you set up using Gusto Payroll and train you or a member of your team so that you can be confident that payroll will run right the first time and every time.
- You enter your employee's hours and earnings securely online and you will have. . .
- The ability to instantly print payroll checks on your own printer.
- Free Direct Deposits
- Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
- Detailed reports on your employee's vacation, sick days, and personal days accruals.
- Creation and filing of the required new hire reports
- Your payroll records maintained in tip top shape
- And not only that, but I'm always just a phone call away should you run into a glitch.
After-the-Fact-Payroll Services
We take your manually-prepared payroll records and other payroll information and post this information to your QBO data files, so you get...
- Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
- Detailed reports on your employee's vacation, sick days, and personal days accruals.
- Creation and filing of the required new hire reports
- Your payroll records maintained in tip top shape.
Comprehensive Payroll Services
Let me take care of all of the payroll processing for you, so that you won't have to. You get...
- Your employees report their time, you approve it and forward the data to me and we do the rest, right down to direct deposits or printed payroll checks. On-time, every-time. Of course I'll forward a detailed payroll report for your approval before payments are made.
- All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and to meet the micro encoding standards as set forth by the Federal Reserve System.
- Free Direct Deposits
- Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
- Detailed reports on your employee's vacation, sick days, and personal days accruals.
- Creation and filing of the required new hire reports.
- Your payroll records maintained in tip top shape.
Small Business Consulting
Part-Time CFO Service
We work with you, as your financial manager, to help guide your business to success as your part-time CFO. We can also prepare your procedures and accounting manuals to make sure that your employees know what to do, when to do, and how to do it right. We will also help you design your internal control system so safeguard your assets and help ensure the reliability and completeness of your financial statements.
Small Business Accounting
As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
New Business Formation
Few things are as exciting and motivating as opening your own business. I'll help you select the most appropriate entity from sole proprietor, to partnership, LLC, corporation and even Sub-chapter S corporation. Starting a new business is exciting and thrilling. However, it's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. For example, the decision to form an LLC or Sub-Chapter S corporation can have a significant effect on your cash flow.
Strategic Business Planning
If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction.
Succession Planning
Maybe you have been in business for so long that you want to pass it on to the next generation, or sell it. I will help you develop and implement a well-designed succession to help ensure the the survival of your family business from one generation to the next.
Something Else?
Is something else on your mind, nagging at you? Let's talk about it and see how I can help.
About Dave
My practice is limited to bookkeeping, payroll, and small business consulting. I don't perform audits, reviews, or other expensive services offered by many CPA firms and this means that I can offer my services to you at a substantial discount.
I was born in Colorado in the foothills of the Rocky Mountains, attended college in Washington State, and now call Virginia home. My wonderful wife, Heidi, and I have three sons, all college graduates, and in the little spare time that we have, we enjoy traveling, kayaking and hiking in the Blue Ridge Mountains.
In addition to English I speak fluent, technical Spanish. When we meet you can ask me why.
Credentials
- Certified Public Accountant (CPA - Virginia)
- Certified Gusto Payroll Advisor
- Gusto People Advisory Certified
- BA - Accounting
- MBA - Accounting & Finance
- PhD - Accounting & Finance
ABOUT BRANDON
Hi, I'm Brandon. I graduated from the University of Lynchburg with a B. A. degree in Financial Economics and hold an IBM Certification in Data Analytics. I am currently pursuing an MBA in Finance, and am a CISA and CFA candidate.
I perform write-up work for assigned clients, which is always reviewed by Dave, and develop financial models in Excel. In addition I help clients interpret shifts in their revenue, expenses, and borader economic variables. I especially enjoy financial modeling and analyzing trends in support of good decision making. I also author the key economic indicators column in our monthly newsletter.
I perform write-up work for assigned clients, which is always reviewed by Dave, and develop financial models in Excel. In addition I help clients interpret shifts in their revenue, expenses, and borader economic variables. I especially enjoy financial modeling and analyzing trends in support of good decision making. I also author the key economic indicators column in our monthly newsletter.
Resources
This is a business plan template that you may edit and use to write your own business plan. It includes all of the necessary sections. However, you may add or delete sections to meet your needs.
Read MoreContact
- Lynchburg, Virginia, United States
Copy and use the following link to schedule a free 30 minute consultation: https://calendly.com/davemurphycpa/free-30-minute-bookkeeping-consultation