Client Background
This case study highlights a small landscaping business owned by a solo entrepreneur who works with a few contractors. As a hands-on business owner, he focused on providing high-quality landscaping services but struggled with keeping his books up to date.
The Challenge
When he approached us, he had an entire year’s worth of uncategorized and unreconciled transactions, with the tax deadline fast approaching. Additionally, he was not making estimated tax payments and had not structured his business as an S-corp, resulting in unnecessarily high self-employment taxes.
The Solution
We took a hands-on approach to understanding his business’s cash flow and financial activities through Zoom meetings. Within just two weeks and two focused meetings, we:
- Cleaned up and categorized a full year’s worth of financial records
- Reconciled all transactions to ensure accuracy
- Connected him with a CPA who could handle his tax filings and restructure his business as an S-corp for tax savings
The Results
With his books now organized and tax-ready, we implemented a system to ensure ongoing financial clarity. Key improvements included:
- Monthly bookkeeping: Transactions are now categorized in real time, preventing future backlogs
- Streamlined sales channels: We reduced the number of cash collection methods to simplify bookkeeping
- Peace of mind: The client now has confidence that his books are up to date and that he’s making smart tax decisions moving forward
By setting up strong financial processes and connecting him with the right tax professional, we helped this landscaping business owner reduce stress, save money on taxes, and focus on growing his business.
