Lodestar Tax and Accounting

As a small business owner, mounting accounting responsibilities can distract you from day-to-day operations. At Lodestar Tax and Accounting Inc, our Westminster, CO accounting firm can handle all or part of your accounting and bookkeeping functions so you can make running your business your top priority. We have a passion for working with small businesses and will give yours the boost it needs with a full package of accounting services and tax strategies.

Our accounting solutions put you in control of your finances instead of letting financial tasks consume your time. We'll organize your accounting processes and generate the precise reporting needed to reveal a clearer picture of your finances. With our assistance, you'll easily monitor cash flow, track expenses, and manage your money with efficiency. We'll also devise a tax strategy aimed at reducing liabilities and directing more revenue towards your bottom line.

Our goal is to become the trusted advisor who gives you the tools and suggestions to make smart business decisions. When you want to discuss important issues, we're always easy to reach and eager to offer advice.

Lodestar Tax and Accounting Inc offers business valuation services for a variety of situations, like forming a deal for the sale of a business or to develop a buy-sell agreement. We also provide business valuations for all types of litigation including prenuptial agreements, divorce proceedings, and fraud investigations. No matter what the reason, we can interpret your financial data and deliver conclusions that best represent the present state of your business.

Our comprehensive process employs our years of accounting experience along with the highest standards in business valuation. First, we methodically analyze your financial data including tangible and intangible assets. Next, we consider how your industry and other economic factors impact the overall value of your business. Finally, we carefully weigh all this information to calculate the current business value and document our findings in a detailed report.

TURN TO US FOR CERTIFIED BUSINESS VALUATIONS
Forensic accounting and litigation support
Mergers and acquisitions
Selling a business
Buy-sell agreements
Tax planning purposes
Insurance purposes

Cloud accounting is an indispensable financial tool for the modern small business owner. To keep up with the pace of business in today’s world you need to be ready to make business decisions from anywhere. The cloud-based accounting system offered by Lodestar Tax and Accounting Inc makes your financial data accessible from virtually any place you can jump on an internet connection. This convenient 24/7 access will empower you to make the quick decisions that you need to in order to keep your business moving forward, day or night.

Managing your accounting data from a cloud platform is both safer and more practical than traditional desktop accounting software. When your financial information is living on a local hard drive it can be stolen, destroyed in a natural disaster, or burned up in a fire. But, when your accounting software is in the cloud, it's safe from theft and the elements. The online accessibility also allows your accounting firm to oversee your transactions regularly to help keep your data organized and error-free.

CLOUD-BASED ACCOUNTING FOR BUSINESSES
Setting up QuickBooks Online for your business
24/7 access to financial data on the cloud
Setting up your chart of accounts
Creating templates for invoices
Mapping the accounts for tax preparation purposes
Setting up online downloads from financial institutions

Lodestar Tax and Accounting Inc is a leading resource for QuickBooks consulting services in the Westminster, CO area. As Certified QuickBooks ProAdvisors, we partner with small businesses to oversee their accounting and bookkeeping needs including the software configuration and providing ongoing support via phone or email.

Our experience setting up QuickBooks for businesses of all shapes and sizes enables us to anticipate and head off any problems during the setup process so you can hit the ground running with your new accounting software. From installation and initial creation of invoice templates and your chart of accounts to full-service QuickBooks support to correct data entry mistakes and answer questions, we offer everything small business owners need to use QuickBooks to its full potential.

As our client, we'll do more than get you comfortable with basics of using the QuickBooks platform. We'll make sure you develop the skills needed to extract the accurate and valuable financial data you need to precisely track expenses, manage cash flow, and run your business efficiently. With our assistance, you'll never be in the dark when it comes to your finances.

QUICKBOOKS CONSULTING FOR SMALL BUSINESSES
Selecting the best version of QuickBooks for your business
QuickBooks software installation
Setting up your chart of accounts
Creating templates for invoices
Troubleshooting problems and offering advice
Data file review and clean-up

Emerging businesses require the financial expertise of a CFO or controller but aren’t always ready to invest in hiring one on full-time. At Lodestar Tax and Accounting Inc, we are committed to supporting the rapid growth of small businesses with outsourced CFO and controller services. Our support is the economical choice for businesses that need to improve accounting efficiencies, refine tax strategies, and conquer financial challenges in order to keep moving forward. When we step in as your part-time CFO, we’ll help you implement strong accounting and tax practices that will streamline your finances and improve business performance.

You can rely on our Westminster, CO accounting firm for the targeted business strategies that will eliminate obstacles and empower you to reach your financial goals. We’ll consider all the facets of your business in order to develop an actionable plan based on solid financial analysis that will enhance controls, increase productivity, and manage risk. We can also assist with business mergers, acquisitions, and raising capital.

PART-TIME CFO SERVICES AND CONTROLLER
Interim CFO or Controller
Part-time CFO services
Business improvement strategies
Strategic business planning
Financial analysis and reporting
Cash flow management
Tax planning to maximize profits
Operations review
Training for in-house accountants and bookkeepers
Risk management
Mergers and acquisitions
Due diligence
Raising capital

For many small business owners, managing accounting and bookkeeping can place grueling demands on their limited supply of time and resources. Before important financial responsibilities start to fall through the cracks, consider the outsourced accounting and bookkeeping services offered through Lodestar Tax and Accounting Inc. Our reliable accounting services are the smart and economical choice for busy business owners.

When we’re in charge of your accounting and bookkeeping, we present a common sense approach with an uncommon level of personal attention and sound advice. We’ll organize your finances in a way that makes sense, is convenient, and makes tax preparation at year-end easier and less expensive. You’ll be free to concentrate on running your business while we handle time-consuming tasks like monthly closings, financial statements, and bank reconciliations. Even though we’ll be doing the heavy lifting, we’ll make sure you’re still in control and always have access to the essential financial data you need to make important financial decisions.

LOCALLY OUTSOURCED ACCOUNTING SERVICES
Outsourced accounting from a local accounting firm
Bookkeeping services
Payroll processing services
QuickBooks™ support and file clean-up
Financial statements
Accounts payable and receivable
Weekly and monthly reporting
Cash balance tracking
Balance sheets
Monthly closings
General ledger maintenance
Credit card reconciliations