Business Accounting Services For the Main Line and Philadelphia PA

We offer a full range of business accounting services including bookkeeping, forecasting, strategic planning and consulting. Leave your accounting to us to get it done right, on time and with a personalized service to meet your needs.

Let MGS LLP’s professional CPA services paint you a true picture of your business choices and decisions. We offer a full range of accounting and bookkeeping services for our clients including compilation of financial statements, forecasting, and strategic planning.

A CPA firm with offices in both Wayne PA and Radnor PA, MGS LLP understands what issues small businesses face throughout the year and their lifecycle. We have been working for businesses and owners across the Main Line and Philadelphia area with decades of business accounting experience. Whether it be responding to the tax questions, financial management consulting, or helping to resolve cash flow issues that can strain small business accounting, our partners have the experience that will matter to your business.

We know how critical timely and accurate financial statements can be for a small business. You are making critical decisions daily and without a clear view of your past, present and future, these decisions can carry high risk. Our partners will help you gain the confidence you need in your accounting and bookkeeping and free up your time to run your business and focus on daily operations and future strategy while we manage the critical business accounting services that are required for every business. Give us a call today to find out more on how we can partner with you for a successful future.

Full Service Accounting for Small Businesses and Corporations

MGS LLP proudly offers the following business accounting services for our clients.

Small Business Accounting and Bookkeeping

When you own your own business, your time is valuable and spending it updating your own books can be time consuming.  You have more important things to do, so let us take care of your bookkeeping while you get back to running your business and focusing on what’s important – making money.

Each month or quarter we’ll do the following:

  • Reconcile your bank account
  • Generate an income statement
  • Generate a balance sheet
  • Clean up your general ledger
  • Provide unlimited consultations

Cash Flow Management and Forecasting

As a business owner, having more money coming in than going out and having ample cash on hand for inventory and key business ventures can be the difference between success and failure.  Our cash management services:

  • Help you know when, where, and how your cash needs will arise
  • Let you know what the best sources are for generating additional cash
  • Get you prepared through upkeep of relationships with bankers and other creditors

Tax Planning and Preparation

MGS LLP has experience with planning, preparing and filing taxes for various business types and scenarios including taxes for corporations, partnerships, multi-state returns and more.  We can assist you with:

  • Corporate Tax Services: Determine the best tax strategies to achieve your business and personal financial goals.  This may include planning associated with health care reform, real estate depreciation and business equipment or compensation strategies for company executives.
  • Freelancer and Self-Employed Tax Services: Regardless if you are a small business owner with several employees or a sole proprietor with limited expenses and overhead, we can provide guidance related to recordkeeping and tax filing requirements that are unique to self-employment.
  • Sales and Use Tax: MGS LLP can help with questions related to Sales and Use Tax and can be a partner in situations where you have been selected for a sales tax audit.  We can review your existing returns and documentation and provide you with the representation you deserve.

Financial Statement Preparation

MGS LLP works with our clients to provide meaningful financial statements that can be put to use within their business.  MGS provides monthly reports and statements, profit and loss statements, trial balance, balance sheets, general ledger reports, bank reconciliation, and payroll reconciliation.

Strategic Business Planning

Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.  MGS LLP can assist you in assessing your current business, building the plan for the future and then determining the steps necessary to get there.

Business Valuation

Objective valuation can make the difference between loss or gain, success or failure. You need professionals who are well qualified, with significant experience in evaluating all types of organizations.  MGS LLP can help.

New Business Advisor and Incorporation

MGS LLP can provide guidance and consulting when forming a new business and determining the ideal type of legal structure for your company.  We can help you take into account the scope of your new business, your other business interests, and your personal goals to choose among entities that include: sole proprietorship, partnership, Limited Liability Corporation (LLC), S-corporation, or C-corporation.  Once this has been decided, we can assist with filing for your Federal Tax ID number and determining what other important documents will need to be submitted as well.

Experience That Matters in Accounting For Small Business Owners

MGS LLP understands that the tax climate can be complex and forever changing, sometimes what seems like overnight.  Our partners are all certified public accounts (CPAs) and members of the American Institute of Certified Public Accountants (AICPA).  With over 40 years of experience, they have seen it all and worked with many small businesses throughout the Main Line, Philadelphia area, Montgomery County, Delaware County and Chester County.  We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.


We know that corporate and small business clients have very different accounting needs and requirements than individuals may require.  Tax preparation and filing is a necessary evil, but tax planning can be a critically important component for business owners as they need this information to make key decisions and manage their day to day operations.  We personalize our plans to our clients and their specific needs, helping to create the growth they want, maximize their profits and keep their tax liabilities to a minimum. MGS LLP has the experience to provide services to help you plan your first sale, accurately track revenue and expenses, identify key performance indicators and financial reporting all while looking to the future and planning for succession to your children and grandchildren one day.  Give us a call today at 484-580-6467 to start the conversation and understand the value we will bring to your business.