What Is the Preparation Path Service?
The Preparation Path Service is designed for service-based business owners who do not yet have a financial system in place or who have primarily managed their finances around tax filing in the past.
It helps establish a simple financial foundation so you can begin tracking and understanding your business finances throughout the year rather than only looking at them when it is time to file a tax return.
The service is designed for sole proprietors and single-member LLCs who want to understand how to set up practical financial systems and processes, stay organized, and build a stronger understanding of how the financial side of the business works.
The Preparation Path combines ongoing financial and tax support with guidance to help you understand the tax and financial decisions that come up throughout the year. A monthly routine and included software solutions help you track what is happening, stay prepared for tax obligations, and develop the financial systems needed to operate the business with financial information.
How to Get Started
Begin With a Financial Review
The first step is a Financial Review of your current financial setup. This gives us the information needed to establish the right starting point for your Preparation Path service.
Receive Your Service Setup
After the review, we outline the service setup, any initial work that needs to be completed, and your monthly Preparation Path pricing.
Start Ongoing Service
Once the setup is complete, ongoing Preparation Path support begins. Services start at $150 per month and include ongoing financial and tax support, a monthly financial routine, and access to the Financial Tracker.
The Financial Review is the first step in beginning Preparation Path service.
It is designed to give us a complete picture of how your business finances are currently being handled so we can identify what needs to be organized, corrected, or put in place before ongoing support begins.
During the review, we look at your current financial setup, how income and expenses are being tracked, the systems or tools you are using, your prior-year tax return, and any tax or recordkeeping gaps that need attention.
From there, we establish the starting point for your Preparation Path service, outline any initial work that needs to be completed, and determine the monthly service setup that fits your business.
Your Financial Review includes:
Review of your current financial setup
Review of how business activity is being tracked
Review of your prior-year tax return
Identification of missing or incomplete financial processes
Review of tax and recordkeeping considerations
Recommendations for the systems and processes that should be established
Preparation Path service setup and monthly service pricing
Not Sure If the Preparation Path Is Right for You?
Start with a Preparation Path Evaluation. This 30-minute consultation gives you an opportunity to discuss your current financial setup, ask questions about your situation, and determine whether the Preparation Path is the right fit for your business.