Gogola Accounting Services Inc

Gogola Accounting Services Inc Accounting services for the small business owner or self-employed. Specializing in QuickBooks insta

Accounting services for the self-employed and small businesses

01/10/2026

Available for year end remote work including 1090’s.

11/03/2024

2025 is just around the corner. No time to waste. If you need 2024 cleanup on your Quickbooks file Gogola Accounting can start today. Don’t pay CPA prices for bookkeeping and clean up service. Reach out and we can schedule a meeting. Gogola accounting services inc

08/06/2024

IMPORTANT STEPS WHEN STARTING A NEW BUSINESS!

1) Consult a CPA or EA to determine the best type of company based on your goals.

2) Open a business checking account and use it only for the business. Do not use it for personal purchases. It will save your accountant a lot of time.

3) Before starting your transactions ask your accountant what items can go through your business based on your type of company. It varies.

4) Understanding what can go through your company will save your accountant time and hence save you money.

5) Most importantly, hire a general accountant who understands GAAP. CPA rates for bookkeeping are outrageous and bookkeeper rates are very low but many do not have the GAAP understanding and you will have to pay someone to clean up your files.

6) If you use Quickbooks don’t hire a bookkeeper who says they are Quickbooks Certified but have no accounting experience. That means they understand how to use the software. You need to understand accounting to categorize the items correctly. Make sure they have accounting experience.

At Gogola Accounting Services we only have Accountants on staff and have over 30 yrs of accounting experience. We take pride in our work and consult with CPAs and EAs as needed.

We also offer free consultations.

08/21/2019

Most small business owners are concerned with their 'bottom line' of their Profit & Loss statement but the Balance Sheet is a very important statement in determining your business's stability. A Balance Sheet gives you a snapshot of your business' financial condition at a specific moment in time.

01/16/2019

QuickBooks® is a powerful business management tool. The leading small-business accounting software program helps you to organize your business finances fast and easy.

10/18/2018

It's already the middle of October. Don't wait too much longer to have someone look at your company's books. All small businesses need a qualified accountant to review their books if they only have a bookkeeper on staff. An accountant will charge about half the cost that your tax accountant will charge. Save your money and have an accountant do your accounting, have a tax accountant do your taxes.

10/11/2018

When hiring a bookkeeper make sure that he/she knows the accounting software you are using. Don't take their word for it - test them on the software. I picked up a client who had the same bookkeeper for over 10 years. She took for granted that the bookkeeper knew the software. Low and behold the bookkeeper was not reconciling her bank account correctly for 10 years. The system would not let her move on to the next period. She did not know how to use the software so she just checked off items just to be able to reconcile. When I took over, there were items outstanding from 10 years ago that definitely should have been reconciled. Also, she did not know how to close the month. I had to close 10 years month by month. It took a whole day! Bottom line, her cash balance was incorrect month after month, year after year. If you are a small business owner, you have a bookkeeper on staff(not an accountant) and your tax accountant does not review your general ledger regularly, I highly recommend you have a qualified 'accountant' review your general ledger at least quarterly if not semi-annually. I say an 'accountant' because they are about 1/3rd the price that your tax accountant would charge you to do the same thing.

04/19/2018

2018 Tax Changes will affect your business

Major changes for your Meals & Entertainment Expenses for 2018. Entertainment will no longer be deductible as a business expense in 2018. Although Employee Travel Meals will remain at 50% deductible, meals provided for the convenience of an employer will no longer be 100% deductible, but 50% deductible. Luckily Office Holiday Parties will remain 100% deductible. So make your changes to your policies now to save money down the road.

03/16/2018

2018 business mileage deduction rate is up this year to .545 cents per mile. Just remember to keep your mileage log up to date incase you get audited.

Address

Palos Hills, IL

Telephone

+17084303347

Website

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