We help web design, development, and consulting agencies maximize profits, minimize taxes, and build personal wealth.
Is your web design, development, or consulting agency growing fast?
We understand the accounting, bookkeeping, cashflow management, and tax nuances of running a web design, development, or consulting agency. We pride ourselves on clear, fixed pricing, and in our ability to work remotely for our customers.
Here are some of the challenges we help digital agencies tackle:
- Learning how to handle non-U.S. based employees
- Maintaining culture and growth around financial topics
- Asynchronous vs. syncronous communication
- Company mergers and acquisitions
- Giving employees technology stipends (or other incentives) when they're working remotely
- ...and much more
Financial Literacy for Digital Marketing Firms
A recent webinar I did with Bureau of Digital
Summit CPA is not just accounting. From the beginning we could tell this was going to be a different kind of relationship. Each week we have a cashflow meeting and every month we have meetings for sales/invoicing, forecasting and monthly financial reports. Jody’s team worked relentlessly on making the reports meaningful to us and our line of work. He helped craft custom metrics to track the performance of our company and even track how we compare within our industry. At first I was worried about having such a critical part of the business being done remote but the level of engagement is bar none. Each meeting is usually preceded by an email or video summary and I can pick up the phone and call them anytime. If you’re thinking about using Summit CPA, prepare yourself for hard work though: they want you to be successful and help you facilitate a healthier relationship with money. It’s not easy but once you’re there you wonder how your business survived without the best practices Summit CPA puts in place.
Articles Published on Medium
How $10 Can Net You An Extra $300,000
Two of the biggest problems I see with service-based businesses are underpricing and a lack of a proper cash reserve, both of which I wrote some thoughts about in this Medium article. Enjoy!
Forecasting? You're Doing It Wrong.
Most companies employ a bookkeeper or accountant who looks at past performance to forecast what the company’s next month, quarter, or year will look like. And that’s fine…but it’s not enough.
The Art of Cash Flow: Tackling the Lifeblood of Your Business
I’ve spent the better part of 15 years as a Virtual CFO, helping service-based businesses boost their financial health with stronger forecasting and cash flow management. In this Medium article, I tackle the subtle art of cash flow, the real lifeblood of your business.
The Future of the CPA Firm in the U.S.
Our take on what the CPA firm of the future will look like, taking a look at the web design industry as a basis of comparison.