HBB Accounting Saved Clients More Than $1 Million in Tax Liabilities…

Aug 4, 2022 | Press Releases

We do everything for our clients. It is our goal that they can get all of their bookkeeping, personal and business taxes done, while only spending two hours a year on their taxes.

HBB Accounting, a provider of tax planning and preparation services to individuals and small businesses, today announced it has saved 116 clients $1,005,564 in federal tax for tax years 2019-2021. The announcement was made by Ryan Moriarty, Ph.D., president of HBB Accounting.

“If our clients did not work with us, they would have paid about $589,461 extra in taxes,” he said. “We estimate that about 58% of our clients would not have understood they were eligible for business deductions, and likely would not even have done their business taxes. We teach our clients that what they were doing as their side hustle qualifies as business activities per the IRS definition.”

According to SideHustle.com, 45% of Americans (70 million people) report having a side hustle. Among millennials, that number rises to 50%, while 70% of Gen Zs reported looking for a side hustle.

“The gig economy continues to dominate our clients’ lives,” said Dr. Moriarty. “With inflation and the cost of living continuing to skyrocket, there’s no doubt that people want additional streams of income—and that’s where HBB Accounting can help. We keep our fees lower than other accounting firms and help clients maximize their business deductions.”

Dr. Moriarty estimates that if his clients went to other firms, they would have spent an average of $522,000 more in fees.

“We saved our clients $522,000 on fees, while still providing full service concierge bookkeeping, personal tax preparation and business tax preparation at the highest quality,” said Dr. Moriarty, “We do everything for our clients. It is our goal that they can get all of their bookkeeping, personal and business taxes done, while only spending two hours a year on their taxes.”

As a result, Dr. Moriarty estimates the firm has saved its clients more than $1 million on their taxes and more than $500,000 in accounting fees, as well as the countless hours clients would have had to spend struggling with these apps and dangerously trying to interpret tax law on their own.

“That’s money and time we are giving back to our clients so they can enrich their lives and get on the path to success for the long run,” he said.

For more information on how HBB Accounting can help, contact them online or at 772-448-7016.

About HBB Accounting

HBB (Home Based Business) Accounting works with individuals and small businesses to lower their tax liability through tax services, tax preparation and bookkeeping services. Serving a wide variety of clients in healthcare, hospitality, manufacturing and real estate, HBB encourages entrepreneurs to start their own businesses to generate more income and take advantage of the gig economy. For more information, contact HBB Accounting. Find us on social: Twitter, Facebook and LinkedIn.

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