For Small Businesses

ESTABLISH GREATER PROFITABILITY AND BUSINESS EFFICIENCY!

Your business’ profitability and operational efficiency are at the center of your business’ success!
Our experience, resources, and attention to detail make our accounting services second-to-none. As an experienced accounting team, we look forward to the opportunity to help transform your business’ financials as we work with you to establish short- and long-term strategies for growth and profitability.

 

Working with us and enlisting our business services could make all the difference!

Whether you need help starting a business, cleaning up your bookkeeping, setting up QuickBooks, handling payroll, or you crave some much-needed business coaching or other strategic consulting, we have been doing this for years, and stay on top of all of the new regulations to help you take the most advantage possible. Legally, and ethically — and profitably.

We work with our clients in a relational way to help them experience the financial success they desire — whether the business is just an idea, relatively new, or a well-established entity. Whether small, large, or in need of some special attention, we have the experience you need so that you can focus on what your business does best.

I am so impressed with the 4 monitors Randall uses when we meet to do taxes. It's easier to understand our financial picture as he fills in numbers going from monitor to monitor explaining as he goes. This is reassuring. A little side note, he keeps me laughing the whole time.

S. Latta

I could only get some of what I needed looking at numbers. Looking at graphs along with Randall's guidance has really helped me in managing my business

C. Dutton

Whoever said accountants are dull and boring? I am very appreciative for all the services I have received from Mr. Hancock and his staff and want to say a sincere thank you. They give top-notch professional advice.

E. Sims

What sets Randall apart from so many other accountants is understanding what my needs are. He's also very knowledgeable.

D. Layton

8 Important Steps for Birmingham Non-Profits Before Year-End

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...

The Seven Primary Tasks For Any Birmingham Business Team

A week past the election, and still plenty of disagreement about the results.That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games ... while you go about quietly building...

Randall M. Hancock CPA, PC’s thoughts on Healthy Skepticism in light of the 2020 Election

Believe it or not, we're very busy around here.While the nation's eyes are fixated on political things, we're spending our days working hard on behalf of our clients right here in Birmingham (and beyond, of course), talking through tax-advantaged financial moves,...

Effective Financial Documentation Strategies for Birmingham Taxpayers

A few timely things to get to, before I offer you my thoughts on a good task for you to do this week...First of all, the IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say.That means that...

Save On Your Taxes With Randall Hancock’s Nine Tax Planning Questions

Tax Pro World is abuzz about the increase of the Social Security wage base standard.Well, I should clarify -- most of Tax Pro World is taking naps this week and not really thinking much about taxes whatsoever, ha! After all, that was one of the most epically intensive...

Nine Crucial Questions To Prepare Birmingham Taxpayers For Their 2020 Taxes

First some important reminders for all Birmingham taxpayers, then I have a bunch of questions to which I'd like you to respond...The October 15th tax return extension deadline (for families and individuals) has finally passed.Therefore ... a word on filing -- if you...

Tax and Financial Planning for Multi-Generational Caretaking for Birmingham Families

Say it with me: four more weeks. Four more weeks until this crazy election cycle is behind us and we can all return to normal here in Birmingham.Except, well, if it isn't. With the way that 2020 has been going, we might as well emotionally prepare for that eventuality...

Trump’s Tax Returns Are Not The Real Story by Randall Hancock

Like many things political, one of the best ways to look at the tempest of the day is analytical bemusement. This is (always) especially true when it comes to tax issues.And I might have a take today that could surprise you. I am not interested in getting into...

How Birmingham Taxpayers Can Lower Their 2020 Tax Bill

Finally, the IRS issued guidance on Friday evening about payroll tax deferrals.And, as we've been communicating ... this may not be a very helpful program for most Birmingham taxpayers. In fact, it's actually up to employers (not employees) whether or not to withhold...

Controlling Your Tax And Financial Strategy In The Midst Of Chaos By Randall Hancock

Still no guidance from the IRS about the payroll tax "holiday" (deferral), so it's extremely unlikely that your Birmingham employer will be ready -- simply because the major payroll companies (Paychex, ADP, Gusto, and many others) don't have the answers to many...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.

But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!