(847) 426-2100
Benefits of Hiring a Bookkeeper

Benefits of Hiring a Bookkeeper

In order to maintain a successful business, it’s advisable to work on keeping your finances in check. Bookkeeping is the recording of financial transactions made by your business and is an essential aspect of ensuring that your accounting remains on track.

Overall, bookkeeping is similar to going to the doctor…no one wants to take the time to do it, but it is something that can’t be neglected. Therefore, in order to save you time and to have confidence in your business’s finances, you should consider outsourcing your bookkeeping operations to a vetted bookkeeper.

We understand just how important it is for your business operations to run smoothly! Our award winning accounting services provide bookkeeping for several businesses in Dundee, IL and neigbouring cities  That’s why we at Motl Accounting  have gathered some benefits of hiring a bookkeeper for your own business. If you are looking to gain some great insights, here they are:

  • Prevents Errors. Even the most experienced business owners make mistakes when it comes to their books. From data entry errors, missing entries, double entries and even mixing up types of expenses, there is certainly a great deal of room for errors to occur. By hiring a bookkeeper, you can ensure that their keen eye won’t miss any errors.
  • Saves You Time. You are busy as a business professional! Do you really want to spend time managing your books and paying bills when there are other areas of the business that need more of your attention. Bookkeepers know when it’s time to spend within your budget, along with accurately invoicing and handling your accounts receivable. By hiring a bookkeeper, you can have more time to focus on your business operations, while also having confidence that your bills are paid on time.
  • Provides You with Insight. As a business owner, you may believe that you have a good sense about the state of your business’s finances. However, having another pair of eyes overseeing yours could provide you with some surprising insight! Bookkeepers typically provide reports that show you how your business is doing each month, where the funds are going and how your efforts are paying off. This way you can see the big picture once the numbers are crunched and learn of areas where you may need to make improvements.
  • Saves You Money. Without money you wouldn’t be profitable as a business. Therefore, saving it in any way that you can is certainly of importance! The salary and benefits of hiring an in-house bookkeeper can be significant. So by outsourcing your bookkeeping services, you can save a great deal of money while still having your finances taken care of.

A bookkeeper is a wonderful asset to a business! Our clients appreciate the relationships they have with their dedicated bookkeepers and the technology we have for them to have access to their statements at their convenience. These are just a few of the many reasons as to why you should consider hiring your own.

If you are ready to learn about our bookkeeping services, or ready to have us assist you,  please get in touch with us here at Motl Accounting. As a leader in the Northwest Suburbs, we would be pleased to have the opportunity to assist your business with our award winning accounting services.

Motl Accounting wins 2018 PASBA Award – Accounting Firm of the Year

Motl Accounting wins 2018 PASBA Award – Accounting Firm of the Year

The Professional Association of Small Business Accountants Holds 12th Annual Awards Ceremony and Honors Six Members

Sunny Isles Beach, FL, May 9, 2018 — The Professional Association of Small Business Accountants held its 12th annual awards ceremony at the 2018 Spring Marketing Conference in Sunny Isles Beach this week. Six well-deserving members were honored with awards during the conference dinner party, located at Trump International Beach Resort. The winners were chosen in four award categories, including PASBA Accounting Firm of the Year.

The Motl Family were chosen as the 2018 large practice recipient of the Association’s Accounting Firm of the Year for their firm, Motl Accounting. The Motl’s were nominated by the members of the association to receive this outstanding award that honors a member who has consistently demonstrated the beliefs of the association’s motto, Teach~Share~Learn.  The Motl’s have been members of the Professional Association of Small Business Accountants for 18 years and have served on the Board of Directors, Website Committee, National Conference Planning Committee, Payroll University, Future of PASBA Committee and presented at multiple conferences.

The Professional Association of Small Business Accountants represents Certified Public Accountants, Public Accountants, and Enrolled Agents who provide accounting services to small businesses throughout the United States.  Members of the Association have built a nationwide network of accountants to benefit small business clients across the country. Using the collective resources of this network, Association members offer their clients a level of service and expertise that individual practices are unable to rival.

For more information, visit www.smallbizaccountants.com.

Contact:

Jordan Bennett

4919 Lamar Ave.

Mission, KS 66202

(866) 296-0001

jbennett@dci-kansascity.com

Benefits of Outsourcing Payroll

Every new business owner begins with a vision of how things will be a few years down the line. What you probably never imagined were piles of paperwork and payroll headaches! It makes sense to handle payroll processing by yourself when you only have a few employees – there isn’t too much to keep track of, and you can easily resolve problems quickly. As your company scales up, what was once a small task can quickly become something that’s not as manageable. You might even have a run in with the IRS if you make a mistake. Feeling helpless? An outside payroll service like Payroll Vault may be just what you need to get back on track.

Our payroll service, overseen by Blair Motl, provides unmatched client service and powerful scalable solutions that meet the needs of all types of businesses. The benefits of outsourcing your payroll can make a significant difference in the success of your business and your work-life balance. Here are some of the benefits of outsourcing your payroll:

You’ll Save Time

A few hours spent on payroll every week can really add up throughout the year. Whether you’re processing the paperwork yourself or hiring internal staff to do it, you’re in a fight against the clock. There aren’t enough hours in the day for one person to handle the responsibilities of several full-time employees. Payroll tasks are a lot like the backstage of a theatrical production — important, but what really matters is what happens on the main stage. For businesses, your sales and other revenue generating activities should be front and center.

You’ll Save Money

As the saying goes, time is money, and that is especially true for business owners. It’s typically more costly to hire an internal accountant or payroll specialist than to outsource the job. When you choose Motl Accounting, you get all the benefits of an in-house accountant, without the added expenses. What that means for your business is that you can call our Motl Accounting office in Dundee, IL at any time and speak to a member of our accounting bookkeeping and payroll team. Someone that is familiar with your account will be available to answer your payroll concerns. It’s a fast, reliable and easy way to handle tasks that could otherwise cause financial headaches. Our Payroll Vault team assists by ensuring you have the right tools in place to save you money.

Our systems are used by an amusement park in the Dundee area and Payroll Vault helps them ensure employees are correctly logging in. This, in turn, helps the business save money since payroll is done digitally and not through physical time sheets which are prone to more errors.

You will Stress Less

We all know the feeling of spending extra hours in the office to get things done. Sometimes workplace responsibilities mean that business owners can’t give their friends and family the attention they’d like to give. When this goes on for too long, it can take a toll on a person’s mental wellbeing. Payroll should never get in the way of your personal life. When you start to dread going to work because you know payroll responsibilities are coming up, it’s time to look into outside options. Our co-owner and EA Brent Motl always stresses the fact that we at Motl Accounting and Payroll Vault are in the business of providing peace of mind to our clients.

You Will Get Payroll Experts

Payroll is a meticulous process with small details you may not have the expertise to handle on your own. Tax tables, regulatory changes, new government forms and withholdings are important pieces of the payroll puzzle. In the past, only large corporations were able to stay on top of every payroll detail. Small and medium sized businesses were often left to fend for themselves and many relied on a costly accountant on staff. Outsourcing your payroll to the Motl Accounting team makes sense — both from a business and common sense perspective. Our team is highly experienced and trained on the ins and outs of payroll processing.

Running a business has its perks, but taking care of payroll isn’t one of them. There’s nothing glamorous about devoting your attention to pay stubs, direct deposit or tax forms. So when you feel like your head’s about to explode, allow yourself the luxury of calling Payroll Vault to check all the payroll boxes for you. You will be able to devote more attention to growing your business and the more you grow your business, the more employees there are to handle payroll for. We understand that you don’t take business decisions lightly, so contact Blair Motl and the Payroll team to see how we can help with your payroll. Start growing without unnecessary stress today! We work with businesses all throughout the Chicago area.

3 Reasons Bookkeeping Services for Small Businesses Yield Great Results

3 Reasons Bookkeeping Services for Small Businesses Yield Great Results

Business owners are typically jacks-of-all-trades, and in a competitive market, a versatile skillset is a key ingredient of success. Unfortunately, this means that some entrepreneurs end up stretching themselves too thin with responsibilities.

When one person is in charge of bookkeeping, marketing, and business growth, something’s got to give to ensure quality production and error-free work. Bookkeeping is an important responsibility no matter what industry you’re in, and it should always be a priority to complete it accurately and efficiently. Motl Accounting in East Dundee has a team of bookkeeping specialists to help Chicagoland’s small business community improve their company’s daily operations.

(more…)

What You Need to Know About Employee 401(k) Plan Contributions

What You Need to Know About Employee 401(k) Plan Contributions

You might not know everything about employee 401(k) plan contributions, but if you’re an employer, it is your responsibility to understand the basics when you offer this benefit to your workforce. A 401(k) is one of the most common retirement investment options because it is a flexible way to build capital over the course of a career and the funds mostly get withdrawn from your paycheck. We have a Payroll Vault team that oversees the accurate disbursement of these funds from paychecks to 401(k) or retirement accounts.  Here’s what makes this type of plan unique and what sets it apart from other retirement options.

(more…)

The Advantages of Using a Personal CPA to File Your Taxes

The Advantages of Using a Personal CPA to File Your Taxes

What’s your favorite season? At Motl Accounting in Dundee, our favorite is tax season. It’s the time of year when you should be thinking about the best way to complete your business filing. There are a number of ways to do your taxes, but a personal CPA for your small business like Charles Motl will provide the quality of service you should expect from a customized tax filing. Business taxes are an entirely different animal than your personal filing; they can be much more complex. The more complicated your taxes are, the more you need help from a professional to avoid those unexpected and tedious mistakes that will ruin the start of your year.
When you work with Motl’s certified public accountants, you know that the American Institute of Certified Public Accountants has qualified our professionals to practice in your state. This distinction means the accountants have passed a rigorous exam and have the experience to complete a professional tax return with accurate deductions on your behalf. Many businesses that we service have tried doing their taxes on their own before realizing how much they may be missing out by not understanding the complexities of deductions and taxations. We recently assisted a Photocopy business in Chicago by reviewing a statement they received and helped them save around $1800 dollars by taking a second look at the statement. It’s natural to panic when you receive notices from the IRS or State government, but we provide the peace of mind in such situations. That’s what we pride ourselves on. This among many reasons is why it’s advisable to go with a CPA rather than doing it alone. Read on for some of the strongest benefits.

(more…)