Small Business Accounting Services

At Murphy & Associates CPAs, LLC we focus on providing practical accounting solutions for small business owners. From new ventures to established companies, our Springfield, IL CPA Firm offers the right combination of accounting services, tax strategies and personal service to match your needs and budget.

We’re sensitive to the fact that small businesses need to maximize resources in order to succeed in today’s economy so we provide the tools you need to stay on top of your finances. We make sure your bookkeeping is organized and up to date, provide detailed financial reports and develop a comprehensive tax plan to minimize taxes.

We invite you to take advantage of our free initial consultation to explain the accounting and bookkeeping needs of your business. Call 217-544-2120 now to schedule an appointment.

Full-Service Accounting and Bookkeeping

We keep our small business clients on track financially with bookkeeping, budgeting, regular financial statements and cash flow management.

Outsourced Accounting and Bookkeeping

When you outsource some or all of your accounting functions to us you can eliminate the need for an in-house bookkeeper.

Tax Services

In addition to annual tax preparation, we’ll design an innovative tax planning strategy that will reduce your tax burden and allow you to keep more of your profits.

Financial and Business Consulting

Our business consulting solutions will limit expenses, improve operations and enhance profitability so your business can grow.

QuickBooks™ Setup, Support and Training

From initial setup and training to ongoing QuickBooks support, we’ll make sure you’re using this accounting software to the fullest and maintaining accurate records throughout the year.

Compilations and Reviews

We offer compilations of financial statements or conduct a review for a higher level of service with limited assurance.

Audit Services

Our audit services offer the highest level of assurance to investors and creditors so they can be confident that your records clearly represent the financial state of your small business.

Incorporation and New Business Advisory

If you’re starting a new business we can advise on which entity is right for you. We can also help you prepare a business plan, find sources of capital and secure a business loan.

Payroll Services

Besides processing payroll for your employees, we’ll handle unemployment claims and submit all your State and Federal payroll tax filings on time.

Retirement Planning

We work with you one-on-one to outline a sound retirement plan that will preserve assets for the future. We’ll explain your options for a variety of financial products and discuss any tax implications so you can feel confident that you’re prepared for whatever comes next.

Business Succession Planning

Smart business owners take the time to put a comprehensive succession plan in place now so transferring ownership of their business is easier later on and presents fewer tax consequences.

Estate and Trust Planning

We listen to your needs and concerns then formulate an estate plan that reflects your personal financial goals and protects your assets for the next generation.