small-business-accountant-philadelphia

As Your Small Business Accountant in Philadelphia (PA), We Could Save You $100K to $1M in Taxes

As your trusted Advisors, we could potentially minimize your tax burden by $100k – and often millions – and can help to grow your profits.

Serving the Philadelphia area’s 1.6 million residents and 200,000 small to mid-size businesses spanning Belmont, Fairmount, Fishtown, Logan Square, Old City, Rittenhouse Square, and beyond for all of your Philadelphia small business accountant needs.

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How One Small Business Owner in Philadelphia Unlocked $1M in Capital

4th Generation Small Business Owners & Accountants

My grandfather was an Accountant and my other grandfather was in the insulation manufacturing industry. Doing great accounting work is in my blood.

Since 1989, my father (Kevin Niedoba), A small business accountant of 30+ years founded our family accounting firm. A few years back, I decided to split my time as a small business owner and join him because I’m passionate about both accounting and entrepreneurship. I hope one day my son, William, will also join the business (if he wants to, he’s only 3 years old).

We’ll treat your business like it’s our own, by taking advantage of every possible legal tax minimization and profitable growth opportunity we can, all the while minimizing risks.

On behalf of my family and our amazing team at NB Advisors, I look forward to working with you to grow your business.

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Ryan Niedoba | NB Advisors
Managing Partner

Kevin Niedoba, CPA | NB Advisors
Managing Partner

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Trusted by Philadelphia Small Business Owners

Ernie DeNofa
CEO of Molly Construction (Philadelphia, PA)
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“NB Advisors has been perpetually innovative since we started working with them over six years ago. They have devised multiple strategies that have assisted in generating millions of dollars in savings and benefits for our business.”
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Bruce Paparone
Founder & CEO of Bruce Paparone Communities (NJ)
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"NB Advisors has been a great partner in taking a proactive look at our accounting. They present us with new ideas to help us grow and protect what we have worked so hard to build."
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Jenna Fisher
Owner of Train and Nourish in Philadelphia
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“As a proud owner of several women’s fitness studios, I know firsthand how challenging it can be to manage the financial side of a growing business. From the moment I partnered with NB Advisors five years ago, they’ve been an integral part of my success. The first thing I said in my consultation over the phone with Ryan was "I need help managing money, I'm not great with it". They went above and beyond just managing my business' money. They ultimately helped me grow and make decisions that impacted the business and myself personally.

Their expertise has been invaluable in navigating the complexities of taxes, making smart business decisions, and managing our finances as we expanded from one studio to multiple locations. They don’t just handle the numbers—they provide strategic insights that have helped me make informed choices at every stage of growth.”
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How We’re Going to Build Your Profitability

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Tax Minimization

We’ll look at all aspects of your business to identify tax minimization opportunities.

We’ll extensively review the tax laws, deductions, and deferrals to identify missed and underutilized small business opportunities to minimize your tax bill by $100k to $1M.

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Profitability Benchmarking

Profitability Benchmarking

As Small Business Accountants in Philadelphia, we’ll evaluate your profitability and compare it to the rest of the industry.

We’ll advise you on innovative strategies to increase your profits.

Game Plan

We have the exclusive North American license to “Game Plan” software.

With this tool, we’ll quickly analyze 100s of financial data points to determine the maximum amount capital you can allocate to maximize your revenue growth while minimizing risk.

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Awesome 8

Annually, we’ll a perform a firm-wide “Awesome 8” review on your business, on how to:

    1. Minimize taxes paid
    2. Increase growth, profitability, cash flow, and asset protection
    3. Plan financial retirement, succession, and legacy/estate

Our focus is on making your small business better, faster, and stronger.

We Are a Philadelphia CPA Firm That Strives for World Class Service

Call/Email Response Within 24 Hrs

Call/Email Response Within 24 Hrs

Schedule of Service Delivery

Schedule of Service Delivery

Upfront Fixed Fee

Upfront Fixed Fee

Small Business Experts

Small Business Experts

Multiple Points of Firm Contact

Multiple Points of Firm Contact

Proactive CPAs

Proactive CPAs

Constantly Innovating!

Constantly Innovating!

Our Claimed Awards

2018

NJBA:

Best Online Interactive Tool Award

2016-17

SNJBP:

Readers’ Choice Award

2016

NJBA:

Sales and Marketing Excellence Award

2015

Thomson Reuters:

The Rookie of the Year Award

Photo Credit:
Thomson Reuters. Ryan Niedoba (middle) and Kevin Niedoba (right).

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Photo Credit: Thomson Reuters. Ryan Niedoba (middle) and Kevin Niedoba (right).

Our Claimed Awards

2018

NJBA:

Best Online Interactive Tool Award

2016-17

SNJBP:

Readers’ Choice Award

2016

NJBA:

Sales and Marketing Excellence Award

2015

Thomson Reuters:

The Rookie of the Year Award

Switching Accountants Is Easier Than You Think

Switching accountants only seems like a major pain in the butt…
But in reality, it’s a brief communication with your current accountant:

“It’s time for a new direction. Please send my books over to Kevin & Ryan at NB Advisors. Thank you for your service.”

Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.

Book Your Free Consultation

If you’re looking to save on your taxes and grow your business, then we’re your trusted Small Business Accountant Philadelphia.

The Only CPA Firm with a Pricing Guarantee

Our pricing guarantee is simple: If we don’t quote you upfront for the work, we don’t expect you to pay. Whether that’s in our first engagement with you, or it’s in 20 years from now.
You’ll never receive an unpleasant surprise in our invoicing.

We serve Home Builders Across the USA as Construction Accountants:

New Jersey Pennsylvania Florida
New York California Texas
Ohio Georgia Michigan
North Carolina Illinois Virginia
Washington Massachusetts Arizona
Indiana Tennessee Missouri
Maryland Wisconsin Minnesota
Colorado Alabama South Carolina
Louisiana Kentucky Oregon
Oklahoma Connecticut Iowa
Mississippi Arkansas Kansas
Utah Nevada New Mexico
Nebraska West Virginia Idaho
Hawaii Maine New Hampshire
Rhode Island Montana Delaware
South Dakota Alaska North Dakota
Washington D.C. Vermont Wyoming

We Serve Home Builders in Cities Across the USA as Construction Accountants: New York, Los Angeles, Chicago, Houston, Philadelphia, Phoenix, San Diego, San Antonio, Dallas, Detroit, San Jose, Indianapolis, Jacksonville, San Francisco, Columbus, Austin, Memphis, Baltimore, Charlotte, Fort Worth, Boston, Milwaukee, El Paso, Washington, Nashville-Davidson, Seattle, Denver, Las Vegas, Portland, Oklahoma City, Tucson, Albuquerque, Atlanta, Long Beach, Kansas City, Fresno, New Orleans, Cleveland, Sacramento, Mesa, Virginia Beach, Omaha, Colorado Springs, Oakland, Miami, Tulsa, Minneapolis, Honolulu, Arlington, Wichita, St Louis, Raleigh, Santa Ana, Cincinnati, Anaheim, Tampa, Toledo, Pittsburgh, Aurora, Bakersfield, Riverside, Stockton, Corpus Christi, Lexington-Fayette, Buffalo, St Paul, Anchorage, Newark, Plano, Fort Wayne, St Petersburg, Glendale, Lincoln, Norfolk, Jersey City, Greensboro, Chandler, Birmingham, Henderson, Scottsdale, North Hempstead, Madison, Hialeah, Baton Rouge, Chesapeake, Orlando, Lubbock, Garland, Akron, Rochester, Chula Vista, Reno, Laredo, Durham, Modesto, Huntington, Montgomery, Boise, Arlington, San Bernardino

We proudly serve American home builders out of the following locations

Construction Accountants New Jersey
20 E. Taunton Rd. Suite 100
Berlin, New Jersey
08009
1(856) 263-2626
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Construction Accountants Philadelphia
100 N 18th St. Suite 300,
Philadelphia, Pennsylvania
19103
1(215) 201-4646
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Construction Accountants Tampa
100 S. Ashley Drive, Suite 600,
Tampa, Florida
33602
1(407) 809-7474
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Construction Accountants Orlando
9100 Conroy Windermere Rd.
Windermere, Florida
34786
1(407) 809-7474
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Case Study: How One Home-Builder Saved $1M in Taxes

Last updated Octombar 2019
By Ryan Niadoba, President at N0 Boundaries Advisors

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I first met Jim Lupinetti of One Creation Construction on his job site, while he was in the midst of framing a 2,600 square foot cape cod in an idyllic New Jersey neighborhood across from the park. Guys were running around, lumber was laying everywhere.

Jim had several homes actively being built and dozens more on the horizon. He proceeded to tell us how his business was doubling in size every year. How his team was handling the growth, but how he couldn’t stand that his accountant would never return his phone calls, especially with pending tax returns.

See, Jim’s accountant used to be good. He would call back immediately. Jim always knew when his work was getting done, he understood what the accountant did and why he did it.

Unfortunately, Jim’s accountant became more focused on his own retirement than on helping Jim. Despite being very loyal, Jim had grown frustrated and the time to make a change was now.

Sound familiar?

What Good Accountants Do…

So we asked Jim.

Our CPA firm’s policy is to return all customer phone calls/emails within 24 hours, with no exceptions. Is that something that would put your mind at ease?

“Yes.”

And every single project we do for a customer has a known completion date, in advance, approved by you, the client. Would you like that?

“Yes.”

Also, we price all of our services upfront so you know exactly what our bill will be and can make a decision on if you want us to proceed with the work. Does that sound fair?

“Absolutely!”

So are you interested in making the transition to our firm?

“I am.”

At this point, we requested the prior two years of tax returns and access to his books, so that we could evaluate what exactly needed to be done for us to help One Creation Construction.

$1M in Tax-Savings PLUS $1.2M in Profits

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Once we dove into Jim’s records, we unearthed a mountain of opportunity! Specifically:

      1. We felt that we could substantially reduce his tax liability (assuming no growth) by nearly $250k over a decade. If he continued to grow at half of his current rate, we would be able to save in excess of $1M.
      2. We identified a significant opportunity for risk reduction. Certain corporate structures are considered “high-risk” to be audited by the IRS. By restructuring his company, we were able to reduce his audit risk by 90%.
      3. As specialists in the home building space, we identified areas for increased profitability that would increase his income by nearly $70,000 in year one and would result in an additional $1.2 million in profits over the course of a decade.

But you’ll be surprised by Jim’s response…

Accountants Miss This All The Time!

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As we met with Jim and reviewed these opportunities, we could see he was growing a bit upset.

Upset?!

We took the opportunity to ask him why.

To which he replied: “I just do not understand how my accountant could have missed all of these things for so long. I am so happy I met you guys, but so pissed that I never knew all this!”

We explained to Jim that this is something we see all the time because:

      1. Most accounting firms are “generalists”. They work with anyone: $125 personal returns, professionals, manufacturers, etc. They are “jacks of all trades and masters of none”. We are 4th generation home builders and exclusively work with home builders or construction companies. We know the building industry better than most. Plus, we never get stretched thin by having to “keep up” with IRS tax law for other industries (professional services, manufacturing, etc).
      2. Many accounting firms feel their job is to “do your taxes”. It is a lazy business model. They never look for ways for you to improve. One of our core values as a business is to always seek ways for our customers to improve.
      3. For the accounting firms that do find ways to improve. They often do a poor job of explaining why changes should be made and what the benefits are. As builders ourselves, we know what is important to you and can explain in plain English why to do it.
      4. Many accountants never propose new ideas because they are afraid that you will not want to pay for these changes. As I mentioned to Jim in the field, all these changes will be priced upfront and it is “ok” for Jim to say “no”. We will never make that decision on his behalf.

In our first year of working together, we were able to save Jim over $100k in taxes. We have restructured his business to reduce the likelihood that he would be audited.

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How’d we do it?

Without going into all the eye-glazing details, here’s a high-level overview what we did for Jim:

      1. Corporate Structure. We reviewed the actual corporate structure that Jim’s business was set up with. There are many different kinds (sole proprietorships, corporations, s corporations, partnerships, UBO, etc) and they all have different tax treatments. Depending on the business, some are better suited than others. We elected to change his structure for significant tax and risk management benefits.
      2. Tax Minimization. We evaluated what tax laws, deductions, and deferrals could be utilized to minimize his tax bill. The US tax code is the second most complex in the world (#1 is Brazil). We have an extensive review process to identify missed and underutilized tax minimization opportunities.
      3. Benchmarking Profitability. As certified NAHB trainers we evaluate the profitability of all our customers and compare how they are doing to the rest of the home-building or construction industry. We commonly see new home builders with gross profitability of 10%-15% when they should be closer to 25% to 28%. There are many factors that can lead to this: lack of knowledge, confusing mark-up and margin, not tracking project costs, etc. We were able to determine that Jim (while very profitable) had room for improvement and have been advising him on strategies to increase profits.

We are now focused on helping him grow and look forward to seeing the results happen.

P.S. Is Now The Time For You To Switch Accountants?

You could stick with your current accountant, and potentially give $1Ms more to the IRS and lose even more in profits.

Book a free consultation now because fairly quickly, in plain English, I tell you whether:

      1. Your current accountant is dropping the ball by leaving $100K to $10M on the table for the IRS, your company structure is a high-risk for an audit, and you’re missing opportunities for profits. Or….
      2. In the rare cases, we discover your accountant is doing an awesome job with your taxes, company structure, and growth strategy.

If you’d rather not, I understand, I appreciate you reading this far!

About The Author

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Ryan Niedoba, is President of NB Advisors. He proudly comes from a 4th generation American family of home-builders and accountants. For over 30 years, his CPA Firm has helped home-builders and construction companies in the Philadelphia, NJ, and Delaware areas to reduce their tax burden and their growth profits to successful exits and successions. Book a free consult with Ryan now.

Do You Know Anyone Who Could Benefit From This Case Study?

Because I’d really appreciate you sharing this case study with your home-builder and construction industry colleagues, family and friends.

“NB Advisors has been a great partner in taking a proactive look at our accounting. They present us with new ideas to help us grow and protect what we have worked so hard to build.”

Bruce Paparone
Founder & CEO of Bruce Paparone Communities

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Yes, We Offer Small Business Accounting in Philadelphia, Pennsylvania

Allentown, PA
Bethlehem, PA
Bristol, PA
Chester, PA
Coatesville, PA
Easton, PA
Harrisburg, PA
Hazleton, PA
Lancaster, PA
Lansdale, PA

Lebanon, PA
Norristown, PA
Pottstown, PA
Pottsville, PA
Reading, PA
Scranton, PA
Wilkes-Barre, PA
Williamsport, PA
York, PA
Chester, PA

Erie, PA
Altoona, PA
Johnstown, PA
Harrisburg, PA
Pittsburgh, PA
Wilkes-Barre, PA
Scranton, PA
Easton, PA
Lebanon, PA
Carlisle, PA

Small Business Accountant Philadelphia is near Independence National Historical Park which is close to Ardmore, Conshohocken, and Exton at 1000 S Broad St # 818, Philadelphia, PA 19146. Rittenhouse Square, Citizens Bank Park, and Wells Fargo Center are also nearby.

Other locations we serve:

1000 S Broad St # 818, Philadelphia, PA 19146

FAQs

Do most small businesses in Philadelphia do their own accounting?

Most small businesses in Philadelphia tend to handle their own accounting initially to save costs. However, as the business grows, many opt for professional accountants to manage their finances more effectively and comply with tax regulations.

Can you do your own small business accounting?

Yes, you can do your own small business accounting using software like QuickBooks or Xero. However, it requires a solid understanding of financial principles and dedication to keep accurate records and comply with tax laws.

How much do small businesses spend on accounting?

Small businesses typically spend between $1,000 to $5,000 annually on accounting services, depending on the complexity of their finances and the level of service required, such as bookkeeping, payroll, and tax preparation.

What does an accountant do for a small business?

An accountant helps a small business by managing financial records, ensuring tax compliance, providing financial advice, preparing financial statements, handling payroll, and offering strategic planning to improve profitability and cash flow management.

How much should I pay for a good accountant in Philadelphia?

In Philadelphia, you should expect to pay between $100 to $300 per hour for a good accountant, depending on their experience and the complexity of the services required. Fixed monthly fees for comprehensive services can range from $300 to $1,000.

When should you consider getting an accountant?

Consider getting an accountant when your business finances become too complex to manage alone, when you need to ensure tax compliance, during business expansion, or when seeking strategic financial advice to improve business performance.

Who should I consult before starting a business?

Before starting a business, consult a business advisor, an accountant, and a legal advisor. These professionals can help you with business planning, financial projections, legal structure, and compliance with local regulations.

Should I consult an accountant when starting a business?

Yes, consulting an accountant when starting a business is highly recommended. An accountant can help with financial planning, choosing the right business structure, setting up accounting systems, and ensuring tax compliance from the beginning.

Can a CPA value a business?

Yes, a Certified Public Accountant (CPA) can value a business. They have the expertise to perform business valuations, which involve analyzing financial statements, market conditions, and other factors to determine the business’s worth.

How to find a local accountant in Philadelphia?

To find a local accountant in Philadelphia, you can search online directories, ask for recommendations from other business owners, check with professional organizations like the Pennsylvania Institute of CPAs, or use services like Yelp and Google Reviews.

1 Interesting & 1 Fun Fact About Philadelphia

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Philadelphia, known as the “City of Brotherly Love,” is home to the world-famous Liberty Bell, an enduring symbol of American independence and freedom. Housed in the Liberty Bell Center, it attracts millions of visitors annually who come to see its iconic crack and learn about its storied past.

Another fun fact about Philadelphia is its rich culinary heritage, notably as the birthplace of the Philly cheesesteak. This beloved sandwich, made with thinly sliced beef, melted cheese, and often onions, was invented in the 1930s by Pat Olivieri. Today, Pat’s King of Steaks and its rival, Geno’s Steaks, both located in South Philadelphia, are famous for serving up this local delicacy, drawing food enthusiasts from around the globe to taste the authentic Philly cheesesteak experience.

Philadelphia Small Business Accounting Resources

Philadelphia Office of the Director of Finance

1401 John F Kennedy Blvd #1330, Philadelphia, PA
19102

(215) 686-1776

Institute of Management Accountants

PO Box 562
Newtown Square, PA
19073

(713) 791-8800

Pennsylvania Institute of CPAs

2001 Market St Suite 950
Philadelphia, PA
19103

(215) 496-9272

Pennsylvania Society of Tax & Accounting Professionals

20 Erford Rd
Lemoyne, PA
17043

(800) 270-3352

What is the Pennsylvania Institute of CPAs?

Small Business Accountant Philadelphia

The Pennsylvania Institute of Certified Public Accountants (PICPA) is a professional organization that represents over 20,000 CPAs and accounting professionals in Pennsylvania. Founded in 1897, its mission is to enhance the success of its members and foster high standards in the accounting profession through advocacy, education, and networking. PICPA provides a wide range of services, including continuing professional education, industry updates, and resources to help members stay current with regulatory changes and best practices. Additionally, it advocates on behalf of CPAs at both the state and national levels, ensuring the profession’s interests are represented in legislative matters.

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What is the Pennsylvania State Board of Accountancy?

The Pennsylvania State Board of Accountancy is a governmental agency responsible for regulating the practice of public accounting within Pennsylvania. Its primary functions include licensing and renewing licenses for Certified Public Accountants (CPAs) and public accounting firms, establishing and enforcing professional standards, and ensuring compliance with the state’s accountancy laws and regulations. The board investigates complaints, conducts disciplinary hearings, and can impose sanctions to maintain the integrity of the profession. By overseeing the qualifications and practices of accounting professionals, the Pennsylvania State Board of Accountancy aims to protect the public interest and ensure the competence and ethical conduct of CPAs in the state.

Philadelphia, PA Local Resources

Small Business Accountant
Philadelphia

1000 S Broad St # 818
Philadelphia, PA
19146

(215) 201-4646

The Chamber of Commerce for Greater Philadelphia

200 S Broad St #700,
Philadelphia, PA
19102

(215) 545-1234

Philadelphia Office of the Director of Finance

1401 John F. Kennedy Blvd. Room 1330
Philadelphia, PA
19102

(215) 686-6141

Philadelphia IRS Taxpayer Assistance Center

600 Arch St
Philadelphia, PA
19106

(844) 545-5640

Philadelphia Police Department

750 Race St
Philadelphia, PA
19106

(215) 686-1776

City of Philadelphia

1400 John F Kennedy Blvd
Philadelphia, PA
19107

(215) 686-1776

Top Companies in Philadelphia, PA

Comcast Corporation Philadelphia

Comcast Center 1701 JFK Boulevard, Philadelphia, PA
19103

(215) 583-8078

Aramark

2400 Market St
Philadelphia, PA
19103

(937) 660-4708

RiteAid

1200 Intrepid Ave #2nd,
Philadelphia, PA
19112

(717) 761-2633

Lincoln Financial Group

2005 Market St #4, Philadelphia, PA
19103

(484) 583-1779

Urban Outfitters

5000 S Broad St, Philadelphia, PA
19112

(215) 454-5500

Independence Blue Cross

1901 Market St, Philadelphia, PA
19103

(800) 275-2583

More About Small Business Accounting in Philadelphia, Pennsylvania

Philadelphia, the largest city in Pennsylvania, boasts a population of over 1.6 million people, making it the sixth-most populous city in the United States. The city’s demographic profile is diverse, with roughly 40% of residents identifying as Black or African American, 34% as White, and 15% as Hispanic or Latino. The Asian community represents about 7% of the population, reflecting Philadelphia’s rich multicultural fabric. This diversity is evident in the city’s vibrant neighborhoods, each offering a unique cultural experience, from the historic African American communities in North Philadelphia to the bustling Asian markets in Chinatown.

The residents of Philadelphia, often referred to as Philadelphians, are known for their strong sense of community and pride in their city’s history and traditions. The city’s median age is approximately 34 years, highlighting a balanced mix of young professionals, families, and older adults. Education levels vary, with several prestigious universities, including the University of Pennsylvania and Temple University, attracting students from around the world. Philadelphia’s workforce is diverse, with significant employment in healthcare, education, and the service industry. Despite challenges such as poverty and crime, the resilient spirit of its residents continues to drive Philadelphia’s ongoing growth and revitalization.

Philadelphia CPA firms are crucial for the city’s vibrant entrepreneurial ecosystem. Many small businesses, from quaint cafes in Rittenhouse Square to innovative tech startups in University City, rely on precise accounting to ensure financial health and compliance. Local small business accountants in Philadelphia offer services tailored to small businesses, including bookkeeping, tax preparation, and financial consulting. These services help business owners manage cash flow, track expenses, and prepare for tax season, thereby facilitating informed decision-making and strategic growth.

Philadelphia’s small business accountants also assist with navigating local and state tax regulations, which can be complex. They provide guidance on tax deductions, credits, and incentives specific to Pennsylvania and Philadelphia, such as the Keystone Opportunity Zone program. Additionally, Philadelphia CPA firms often advise on financial planning and risk management, ensuring businesses are prepared for unexpected challenges. With the support of skilled small business accountants in Philadelphia, business owners can focus on their core operations, confident that their financial matters are in expert hands. This professional support is essential for fostering a thriving small business community in the city.

NB Advisors, LLC works with small businesses to minimize their tax burden and grow their profits. Offering tax planning and accounting services in the greater Philadelphia area, we work proactively for you. Our clients love our quick response time, fixed fees, and our innovative solutions.

Your Next Steps

Request a Consultation

Book a Free Consult

We’ll review your immediate needs and provide a course of action to help you save money on taxes and grow your business.

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Read the Case Study

See how one business owner unlocked $1M in capital.

Consult with a Small Business Accountant in Philadelphia Today.

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