LAB Accounting has over 20 years of experience and in that time we have cultivated the tools needed to solve the problems that are common amongst small businesses. We offer more than just general tax accounting and bookkeeping needs; we offer complete advisory services for both management and financial areas of your business.
We specializes in large and small companies at all levels. While their average client averages revenues between 1 and 7 million, their largest client generates 180 million dollars in annual sales.
You can choose as few or as many services that you wish the company to take on. While some companies choose to only outsource their payroll functions, others have decided to make Lab Accounting their full-fledged accounting department, relying on them for every accounting function that is related to their business.
Why choose us?
A typical in-house accounting department usually costs about 40% more than the cost of hiring LAB Accounting. There are also a number of tools that you will find beneficial when selecting this company, including specialized reporting and coaching programs that will help improve the functionality and profitability of your company.
Increased Company Net Profit from $254,000 to 1.1 million in one-year period. Company Total Revenue was $5 million.
Increased lines of credits from $2 million to $24 million after designing and implementing analytical procedures.
Resolved IRS payroll tax liabilities for unpaid balances of several years, approximately $400,000 including fees and penalties.
Developed cash management system to achieve loan, line of credit, and bonding in a company’s revenue ranging from $200,000 to $10,000,000.
Established systems of controls to verify the integrity of a company’s financial processes.