What industries does Code Accounting specialize in? +
Code Accounting focuses on technology startups and real estate companies, while also serving diverse small businesses and entrepreneurs in other industries including retail, service providers, consultants, and nonprofits.
What makes Code Accounting different? +
Code Accounting offers personal attention with a dedicated U.S.-based team that never outsources work, reliable and transparent service with accurate numbers and predictable pricing, industry expertise in technology, real estate, and small business, flexible integration with existing software, and scalable solutions tailored to businesses at every stage of growth.
What is the founder's background? +
Sean Allaband has been in the accounting industry for 14 years, working closely with hundreds of small businesses, startups, and real estate clients. He has advised clients managing more than $1 billion in combined assets, revenue, and real estate investments.
When should a small business hire an accountant? +
A small business should hire an accountant as soon as finances become complex: filing taxes, handling payroll, or managing growth. An accountant can save time, reduce errors, and identify tax savings that business owners often miss.
What's the difference between a CPA and an accountant? +
An accountant handles financial records and prepares tax documents, while a CPA has passed a rigorous state licensing exam and met education and experience requirements. CPAs can represent clients before the IRS, perform audits, and provide advanced tax and financial planning services.
What are common tax strategies for small businesses? +
Common tax strategies include Section 179 deductions for equipment, the home office deduction, business mileage, retirement plan contributions, and health insurance premiums. Leveraging these deductions properly can free up cash flow and lower taxable income.
What IRS records should small businesses keep? +
Small businesses should keep receipts, invoices, payroll records, mileage logs, and bank statements. Organized financial records make tax preparation faster and ensure no valuable deductions are missed.
What's the difference between bookkeeping and accounting? +
Bookkeeping tracks daily financial transactions like expenses, invoices, and payroll. Accounting uses that data to prepare financial statements, file taxes, and provide strategic advice. Both are essential for a healthy business.