Myths Busted

Here at Lockshield Partners, we understand the struggles and needs that life throws at you. We want you to use your money wisely but we also understand that life is for living! Our goal is to not make you miserable until you retire, but to instead utilize your money so that you can enjoy your life in every stage.

Truth: Your accountant should be a resource, not a catch-all. While they keep track of the books and file taxes, they can–and should–do much more. The bread and butter of what we do is much more involved. By acting as consultants and small business experts, we are able to help you with business advice, guide tax plans, ensure compliance, look into financing and credit possibilities, manage cash flow, and find ways to reduce your overhead expenses while protecting assets etc. With that being said, we still want and need you to be involved firsthand in order to understand how the business is doing overall.

The earlier you can start working on your financial goals, the better results you will be able to have over time. Especially with things like retirement and estate planning - it is never too early to weigh out your options.That way when the force of life is directed at you and a curveball is thrown your way, you have a team standing next to you to lock shields with.

While we do handle tax returns for individuals and businesses, we also handle a wide variety of other tasks.⁣⁣

✔️Monthly, Quarterly, and Annual Payroll Tax Reporting⁣

✔️Bookkeeping and Reconciliation of Bank Accounts⁣

✔️Bill Paying/Accounts Payable⁣

✔️Accounting Software Assistance and Consulting (QuickBooks)⁣

✔️New Entity Setup⁣

✔️Retirement Reporting⁣⁣⁣Just to name a few.

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Having someone to keep up with your business’ finances, payroll, and taxes year-round is what we are here to do.

All advisors are in fact not the same and you need to be very aware of this when selecting yours.  If you remember, Jeremiah did a great job covering this topic in his “Selecting a Financial Planner” blog article. Our firm is set up a little differently. With two CERTIFIED FINANCIAL PLANNERs (CFP®*), an Attorney and an accounting firm at your disposal, we can provide expert opinions on the complex world of Financial Planning. The planners at Lockshield Partners are also what is called Fiduciaries, meaning we are legally held to a higher standard that requires us to give you advice that is best for your situation. Financial Advisors that are not “Fiduciaries” only have to recommend something that is “suitable” for you. There is a big difference in these standards.

As a small business ourselves, our team understands your concerns and the love you have for your business. That is why we work with you, not just for you. ⁣⁣Less transactional, more relational is the Lockshield approach. We are here to help you succeed. You will still have access and control of your finances, we just keep them clean and clear to help you run your things more efficiently, while hopefully giving  you more time to focus on your expertise.