Accounting Services Offered at HHA Accounting

At HHA Accounting, we provide a range of accounting and consulting services to assist you in achieving your financial goals for your home health care business in Wisconsin or the surrounding states. Continue reading to learn more about our home healthcare accounting services, visit our service page, and if you'd like to talk with a team member, contact us today!

Accrual Accounting

One of the home healthcare accounting services we offer is accrual accounting. This type of accounting recognizes revenue when it's earned, not necessarily when payment is received. This is important for home healthcare businesses because you may provide services but not receive payment for several weeks or even months. Under accrual accounting, you would still record the revenue in the month that the services were provided. Accrual accounting is also important for budgeting and financial forecasting because it provides a more accurate picture of your home healthcare business' income.

Bookkeeping

Another home healthcare accounting service we offer is bookkeeping. Bookkeeping is the process of recording financial transactions, and it's important to have an accurate record of all the money coming in and going out of your home healthcare business. We can help you set up a system to track your finances, and we can train you or your staff on how to use it. This information is then used to prepare financial statements and tax returns.

Budgeting

Budgeting is essential to the success of any business, including home health care businesses. Our professional accountants will work with you to create a budget that covers all of your expenses and leaves room for profit. A home healthcare budget should include all of the costs associated with running your business, such as:

Staff salaries
Rent or mortgage payments
Utilities
Insurance
Office supplies
Marketing and advertising
Taxes

Payroll

As a home healthcare business, you need to ensure that your employees are paid on time and correctly. This can be a complex and time-consuming task, but our team can handle it for you. We offer payroll services that include direct deposit, tax withholding, and more.

Payroll services are important for home healthcare businesses because they help you comply with state and federal laws. They also help you save time by taking care of all the details for you. In addition, our team can provide advice on how to structure your payroll to maximize efficiency and minimize costs.

Tax Preparation and Planning

Another home healthcare accounting service we offer is tax preparation and planning. This involves preparing your tax returns and ensuring that you're taking advantage of all the deductions and credits available to you. We can also help you plan for upcoming tax changes so that you're not caught off guard. While it's possible to prepare your own taxes, there are many benefits to using a tax professional. Here are just a few:

Save time: A tax professional can save you a lot of time by preparing your taxes for you. This frees up your time so that you can concentrate on running your home healthcare business.
Get the best results: A tax professional knows the ins and outs of the tax code and can help you maximize your deductions and credits. This can save you money and help you get the best possible results.
Peace of mind: Tax time can be stressful, but a tax professional can take care of everything for you. This gives you peace of mind and allows you to focus on other things.

If you're looking for home healthcare accounting services, contact HHA Accounting today!

General Consulting Services

In addition to the home healthcare accounting services listed above, we also offer general consulting services. This can include advice on financial matters, business strategy, and more. If you need assistance with anything related to your home health care business, our team is here to help. At the end of the day, it helps to have a professional accountant in your corner, and we're here to support you in all your accounting needs.

Contact Our Team Today

Contact HHA Accounting today to learn more about our home healthcare accounting services or to schedule a consultation. We're proud to serve home healthcare businesses in Wisconsin and the surrounding states.