Customized accounting solutions for real estate professionals, investors, and developers.
Maximizing tax benefits for real estate investors and ensuring compliance.
Meticulous real estate bookkeeping for clear financial insights and informed decision-making.
Meticulous real estate bookkeeping for clear financial insights and informed decision-making.
What our clients say
At last, a CPA who is not only professional and detail-oriented, but knowledgeable about the real estate and AEC industry. I cannot say enough great things about Colin and his team. From routine book keeping and tax prep, to reports and CFO services, Highborne has been an integral part of my firm's success. Thanks again Highborn CPA!!!
Ray @ Foxtail Home Designs
I recently had the pleasure of working with Highborn CPA, and I must say, they exceeded my expectations in every way! From the moment I reached out, Colin, the partner in charge was incredibly helpful and responsive. He took the time to understand my specific accounting needs (rental properties) and set up a simple and effective monthly reporting process. He also acts as our fractional CFO, we meet with him at the end of every month and he walks us through the business. Never had a CPA this interested in my success.
Joshua Morton
Highborn's tax strategies have been an absolute game-changer for us! Colin and Shariq are experts in their field and were able to analyze our more complicated situation> we have 6 operational companies, 1 management company and various family LLCs. They guided us through the benefits and pitfalls of various strategies and company structures like LLC vs. Scorp vs. Corp. I believe we ended up with a great structure and cannot wait for them to do our tax returns as well. Their attention to detail and commitment to finding the best solutions for their clients is truly commendable.
Harrison Wheeler
Background:
A thriving company with approximately $5 million in revenues sought the expertise of Highborn CPA after facing challenges stemming from inaccurate financial records. Recognizing the critical need for precision in bookkeeping, the company engaged our services to rectify discrepancies left by a previous bookkeeper.
Challenge:
The existing financial records were marred by errors, totaling $500,000. These errors included non-reconciled bank statements, improperly posted journal entries, discrepancies in payroll amounts compared to records from Gusto W-2s and W-3s, and improper depreciation calculations. The challenge was not only to correct these errors but also to establish a robust system to prevent future discrepancies.
Approach:
Highborn CPA approached the challenge with a meticulous and systematic plan. Our team conducted a comprehensive review of the company's financial records, identifying the root causes of the errors and devising a strategy to rectify them. The goal was not only to correct the immediate inaccuracies but also to implement best practices for ongoing financial accuracy.
Execution:
Implementing rigorous bookkeeping practices, we systematically addressed each identified error. This included reconciling bank statements, rectifying journal entries, aligning payroll amounts with Gusto records, and ensuring accurate depreciation calculations. Our approach involved not just correction but also education, empowering the company with knowledge to maintain accurate financial records moving forward.
Results:
Financial Accuracy Restored: Through our comprehensive review and corrections, Highborn CPA restored financial accuracy to the company's records. The $500,000 in errors were meticulously rectified, providing a clear and reliable financial foundation.
Preventive Measures Implemented: Beyond correcting errors, our team implemented preventive measures to safeguard against future discrepancies. This involved streamlining bookkeeping processes, regular reconciliations, and training the company's internal team on best practices.
Operational Efficiency Improved: The corrections not only enhanced financial accuracy but also improved operational efficiency. With reliable financial records, the company could make informed decisions, secure in the knowledge that their financial data was accurate and reflective of their true financial position.
Conclusion:
Highborn CPA successfully transformed the financial landscape for the $5 million revenue company, uncovering and rectifying $500,000 in errors. This case highlights our commitment to not only correcting past mistakes but also implementing measures to prevent future discrepancies, ultimately fostering financial confidence and operational efficiency.
Contact Highborn CPA today to transform your financial accuracy and ensure a solid foundation for future growth.
#BookkeepingServices #FinancialAccuracy #HighbornCPA #OperationalEfficiency
In the intricate realm of financial management, businesses face a pivotal decision when it comes to choosing between a Certified Public Accountant (CPA) firm and bookkeepers. While both play crucial roles, the unique expertise offered by a CPA firm can make a substantial difference in navigating the complexities of modern business finance. Highborn CPA stands as a testament to the advantages businesses gain by opting for CPA expertise over traditional bookkeeping services.
CPA Firms: Certified Public Accountants undergo rigorous education and training, equipping them with comprehensive financial knowledge. Highborn CPA's team brings expertise not only in bookkeeping but also in tax planning, compliance, and strategic financial management.
Bookkeepers: Can be knowledgeable in recording simple financial transactions, but they may lack the broader perspective needed for comprehensive financial planning and strategy.
CPA Firms: Highborn CPA goes beyond day-to-day transactions. We provide strategic financial planning, analyzing data to guide decision-making, optimize tax positions, and ensure long-term financial success.
Bookkeepers: Bookkeepers typically focus on the routine recording of transactions, leaving strategic financial planning and analysis to be addressed by other professionals.
CPA Firms: Highborn CPA understands the nuances of tax laws. Our expertise extends to tax planning, ensuring businesses not only stay compliant but also maximize deductions and credits, leading to potential tax savings.
Bookkeepers: While bookkeepers can handle routine tax-related tasks, their expertise may not cover the intricacies of tax planning and optimization.
CPA Firms: Highborn CPA acts as a financial partner, offering solutions to challenges beyond routine bookkeeping. Whether it's resolving discrepancies, navigating audits, or providing financial advice, we offer comprehensive support.
Bookkeepers: Bookkeepers may excel in transactional tasks but might not possess the expertise to address complex financial challenges or provide in-depth financial advice.
CPA Firms: Highborn CPA adapts to changes in tax laws, industry regulations, and economic landscapes. This adaptability ensures that businesses receive up-to-date advice and strategies to navigate evolving financial environments.
Bookkeepers: Bookkeepers may not always keep pace with rapid changes in financial regulations, potentially leaving businesses exposed to compliance risks.
While bookkeepers play a crucial role in managing day-to-day financial transactions, the strategic advantages offered by a CPA firm like Highborn CPA can be transformative for businesses. Beyond recording numbers, we offer comprehensive financial expertise, strategic planning, tax optimization, and problem-solving capabilities, ensuring that your business not only stays compliant but also thrives in a dynamic financial landscape.
Choose Highborn CPA for a partnership that transcends traditional bookkeeping, unlocking the full potential of your business's financial success.
Contact Highborn CPA today to elevate your financial strategy.
#CPAFirm #FinancialExcellence #HighbornCPA #StrategicFinancialPlanning
