Looking for a bookkeeper and accountant for your blacksmith business? We'll handle your books, so you can forge ahead and focus on your craftsmanship. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your blacksmith business? We'll handle your books, so you can forge ahead and focus on your craftsmanship. Try us for free.
Our team takes the time to thoroughly comprehend your blacksmith business, address your queries, assist you in integrating your accounts, and demonstrate how Accracy can facilitate your work.
Each month, your personal bookkeeper sorts out your blacksmithing transactions and compiles your financial reports. If they require any additional information from you, they'll make sure to contact you.
Each month, your personal bookkeeper sorts out your blacksmithing transactions and compiles your financial reports. If they require any additional information from you, they'll make sure to contact you.
We'll consistently provide you with up-to-date bookkeeping records, tailor-made for blacksmiths. Have urgent concerns that simply can't be delayed? We pledge to respond to your queries within one business day or even less.
Our platform streamlines your financial tasks by automating data entries from prevailing providers, dodging typical errors. We associate with industry-giants like Gusto, Stripe, Shopify, and Squareensuring your blacksmithing business's finances are always precise and up-to-date.
Say farewell to mountains of receipts and endless hours spent on manual record tracking — we streamline inputs directly from your connected accounts. Gain insights from a single, centralized dashboard, enabling you to effortlessly comprehend your blacksmith business's financial health and make strategic decisions expertly.
Craftsmen like blacksmiths are skilled at forging and shaping iron, but navigating the intricate world of bookkeeping and tax compliance may be a challenge. With Accracy, it doesn't have to be. We understand the unique tax implications and laws associated with the blacksmithing industry, from filing for the correct tax deductions related to acquiring raw materials, to managing the overhead costs associated with running a furnace. Blacksmiths often grapple with inventory management, income tracking, and pricing their hand-crafted wares. These are common bookkeeping issues that may impact your business's profitability and tax obligations.
Accracy revolutionizes how small businesses like yours handle bookkeeping and tax, by marrying powerful software with real-life bookkeepers. Our certified bookkeepers are experienced in handling industry-specific financial matters and are well-versed with blacksmithing industry regulations. It can be overwhelming to manage production, design, sales, while also keeping pace with fiscal responsibilities; and that's where we come in. We not only help keep your books accurate and up-to-date but also guide you through your tax season, making sure you claim all applicable tax deductions and stay compliant with industry laws. At Accracy, we're not just crunching numbers- we're empowering small business owners, freeing them to focus on their craftsmanship.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a blacksmith, there are several specific accounting considerations you need to take into account. One of the major ones is the cost of tools and equipment. In accounting terms, these are considered capital expenses.
A capital expense (CAPEX) is a significant amount of money put in by a company to purchase, maintain, or upgrade fixed assets, such as buildings, vehicles, or equipment. In the case of a blacksmith, these would include your forge, anvil, hammers, and other blacksmithing tools.
Due to their value and long-term use, these costs are often spread over the duration of their usage in a process called capitalization. This is significant because it affects how your income will be calculated.
It's also important to note that the IRS allows businesses to write off a portion of these CAPEX as a tax deduction, through a process known as depreciation, which over time, can lead to significant cost savings.
However, keep in mind that accounting rules around capital expenses and depreciations are complex and often change. As such, it's usually a good idea for professionals in specialized industries like blacksmithing, to seek out the services of a knowledgeable bookkeeper or accountant who can help you navigate the tax landscape and ensure you're meeting your financial obligations.
Yes, Accracy Accounting can definitely assist in identifying potential tax deductions for your blacksmithing profession. Our experienced team of bookkeepers has comprehensive knowledge about various allowable deductions specific to different industries and professions. They can guide you through tax-deductible expenses, ensuring you capitalize on every possible business deduction during tax season. This way, you can ensure accurate and optimized accounting for your blacksmithing profession.
Accracy Accounting services can greatly help you manage your income flow during your blacksmithing profession's peak and slow seasons. With a professional bookkeeper tracking your income and expenses, it becomes easier to visualize your financial performance. This can help you understand when you're earning the most revenue and when you're spending the most resources.
Accracy provides monthly financial statements letting you know exactly where you stand during all seasons, peak or slow. This data allows you to plan ahead, budget effectively, and make necessary adjustments. Additionally, if there's an unusual change, your bookkeeper will take notice and can help you understand what's happening.
They can also help strategize for the slow season by recommending effective tax strategies, providing insights into cash flow patterns, and suggesting ways to save costs. Ultimately, Accracy provides a committed bookkeeper to provide you with the right advice, ensure your books are organized, accurate, and offer help whenever you need it.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership