About Lionshead Bookkeeping
​At Lionshead Bookkeeping, we are dedicated to providing comprehensive financial solutions that empower businesses to thrive. With expertise in CFO services, bookkeeping, tax planning, tax preparation, clean-up accounting, payroll services, and invoice & bill pay management, we take the stress out of managing your finances so you can focus on what you do best—growing your business.
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Our Mission:
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Our mission is to deliver accurate, efficient, and personalized financial services that simplify complex processes and help our clients achieve their financial goals. We pride ourselves on building lasting relationships through trust, transparency, and a commitment to excellence.
Our Slogan:
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Stay Organized and Stay on Top of Your Finances.
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Why Choose Lionshead Bookkeeping?
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Professional Expertise: With a strong background in accounting and finance, our team brings years of experience and industry knowledge to every client relationship.
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Comprehensive Services: From day-to-day bookkeeping to strategic tax planning and CFO-level insights, we offer a full range of services to meet your needs.
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Customized Solutions: We understand that every business is unique. That’s why we tailor our services to align with your specific goals and challenges.
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Tech-Savvy Approach: By leveraging the latest accounting tools and technology, we ensure efficiency, accuracy, and real-time financial insights.
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Client-Centered Philosophy: Your success is our priority. We work closely with you, providing clear communication and ongoing support every step of the way.
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A Personal Touch:
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At Lionshead Bookkeeping, we value more than just numbers—we value people. Our team is passionate about helping business owners achieve peace of mind and financial confidence. When we’re not crunching numbers, we’re active in our local community, supporting small businesses and fostering connections that make a difference.
Let Lionshead Bookkeeping be your trusted partner in financial success. Contact us today to learn how we can help you manage your finances and achieve your goals.
Frequently Asked Questions
Feel free to explore some of our frequently asked questions below. If you still have any unanswered questions, don’t hesitate to email or call us. Our team of knowledgeable accountants will be glad to assist you and provide the information you need.
General Accounting FAQs
Q: What is the difference between accounting and bookkeeping?
A: Bookkeeping focuses on recording daily financial transactions, while accounting involves analyzing, summarizing, and interpreting financial data to provide insights and prepare reports like balance sheets and income statements.
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Q: Why is accounting important for my business?
A: Accounting provides a clear picture of your business's financial health, helps you make informed decisions, ensures compliance with tax laws, and supports long-term planning and growth.
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Q: How often should I update my financial records?
A: Financial records should be updated regularly—ideally daily or weekly—to ensure accuracy and stay on top of cash flow and expenses.
Q: What documents should I keep for accounting purposes?
A: You should keep income statements, expense receipts, invoices, bank statements, payroll records, and tax filings for at least 3–7 years, depending on regulatory requirements.
Tax-Related FAQs
Q: What can I deduct from my taxes as a small business owner?
A: Common deductions include office expenses, travel costs, business meals, employee wages, utilities, and professional services fees. Always consult a tax professional to maximize deductions while staying compliant.
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Q: How do I know if I need to pay estimated taxes?
A: You must pay estimated taxes if you expect to owe at least $1,000 in taxes for the year after subtracting withholding and credits. This typically applies to self-employed individuals or businesses.
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Q: Can I amend my tax return if I made a mistake?
A: Yes, you can file an amended return using IRS Form 1040-X within three years of the original filing date or within two years of paying the tax, whichever is later.
Payroll and Business FAQs
Q: How can I ensure my employees are paid accurately and on time?
A: Using reliable payroll software or outsourcing payroll services ensures accuracy, compliance, and timely payments. Accountants can manage payroll taxes and filings to prevent errors.
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Q: What is the best structure for my business: LLC, S-Corp, or C-Corp?
A: The best structure depends on factors like liability protection, tax implications, and growth plans. An accountant can help you evaluate the pros and cons of each option based on your business needs.
Financial Planning FAQs
Q: How can I improve my cash flow?
A: Strategies include invoicing promptly, managing expenses, negotiating better payment terms with vendors, and monitoring cash flow regularly. An accountant can provide tailored recommendations.
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Q: How do I prepare for a financial audit?
A: Organize financial records, reconcile accounts, ensure compliance with regulations, and address any discrepancies beforehand. An accountant can help streamline the process.
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Q: How do I create a budget for my business?
A: Start by analyzing past financial data, forecasting income and expenses, and setting realistic financial goals. Regularly review and adjust your budget as needed.
Technology and Tools FAQs
Q: Should I use accounting software or hire an accountant?
A: Accounting software is great for basic tasks, but hiring an accountant provides expert insights, customized advice, and ensures compliance with tax and regulatory requirements. Many businesses use both for optimal results.
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Q: What’s the benefit of using cloud-based accounting software?
A: Cloud-based software allows real-time access to financial data, automated backups, easy collaboration with your accountant, and secure storage.
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Q: Can you help me transition to a new accounting system?
A: Yes, accountants can assist with migrating data, setting up the new system, training staff, and ensuring a smooth transition.