Business Details
Expert Accounting & Tax Services in Birmingham, AL
Profitability Squared has been dedicated to delivering comprehensive accounting and financial services to individuals and small businesses in Birmingham, AL since the early 2000s. Our team of experienced professionals brings over 30 years of combined expertise in public accounting, specializing in tailored solutions that align with clients' unique goals. We prioritize building lasting relationships through transparent, innovative services that simplify complex financial processes. Our advisors stay current with evolving tax regulations to ensure compliance while maximizing opportunities for growth. From business planning to payroll management, we handle critical financial operations so clients can focus on expanding their enterprises.Our commitment to excellence extends to tax planning, sales tax compliance, and strategic business consulting, all designed to support long-term success. With a client-centric approach, we offer personalized service plans that adapt to evolving needs, backed by deep industry knowledge and a passion for financial stewardship. Our team's dedication to continuous learning ensures clients benefit from up-to-date insights while maintaining the personal touch that defines our firm.
Services
Accounting & Bookkeeping
Tax Planning
Business Planning
Payroll Services
Sales Tax Compliance
Highlights and features
- We offer over 30 years of combined experience in public accounting and tax services.
- Our team stays current with evolving tax guidelines and financial regulations.
- We create personalized service plans tailored to each client's specific business needs.
- We provide comprehensive tax planning strategies to maximize financial opportunities.
- Our payroll and sales tax services ensure accurate, timely compliance for businesses.
Services
Accounting & Bookkeeping
We provide comprehensive accounting and bookkeeping services to maintain accurate financial records for businesses of all sizes. Our team handles bank reconciliations, general ledger management, and financial statement preparation including income statements and balance sheets. By maintaining precise records of income, expenses, and cash flow, we help businesses make informed financial decisions while ensuring compliance with accounting standards.
Tax Planning
Our tax planning services help individuals and businesses optimize their tax positions through strategic year-round planning. We analyze financial situations to identify deductions, credits, and deferral opportunities while ensuring compliance with current tax regulations. By staying updated on changing tax laws, we develop customized strategies that minimize tax liabilities and maximize returns for both personal and business tax situations.
Business Planning
We offer specialized business planning services covering entity selection, financial forecasting, and operational strategy development. Our experts help entrepreneurs create comprehensive business plans, establish financial frameworks, and navigate regulatory requirements. For established businesses, we provide growth strategies, succession planning, and valuation services to support long-term sustainability and successful transitions.
Payroll Services
Our payroll services ensure accurate and timely employee compensation and tax filings. We manage payroll processing from wage calculations to tax withholdings, handling federal and state tax submissions. By maintaining compliance with employment tax regulations and deadlines, we reduce administrative burdens while ensuring businesses avoid costly penalties through precise payroll tax reporting and payment management.
Sales Tax Compliance
We provide complete sales tax compliance services including return preparation, filing, and payment management. Our team ensures accurate calculation of sales tax liabilities and timely submission of monthly filings to relevant authorities. By maintaining detailed transaction records and monitoring rate changes, we help businesses maintain compliance while minimizing administrative workloads associated with sales tax obligations.
People
Haley Finlay Hammond
CEO / Staff Accountant
Haley leads Profitability Squared with strategic vision while maintaining hands-on involvement in client services. Her expertise in accounting and business operations ensures quality service delivery across all client engagements.
Jennie Boswell
CAO / Senior Accountant
Jennie oversees accounting operations and serves as senior accountant, bringing extensive experience in financial reporting and tax compliance to ensure accurate, reliable service for clients.
Ashton Mize
Payroll & Sales Tax Supervisor
Ashton manages payroll processing and sales tax compliance, ensuring precise calculations and timely filings while maintaining direct client communication for tax-related services.
Rachael Hughes
Sales Tax Specialist
Rachael focuses on sales tax compliance, handling return preparation and submission with attention to detail that ensures complete regulatory compliance for client businesses.
Garland Morlier
Bookkeeper
Garland maintains accurate financial records through meticulous bookkeeping, supporting clients with reliable transaction tracking and financial data organization.
Questions
What accounting services do you offer for small businesses?
We provide full-cycle accounting services including bookkeeping, bank reconciliations, financial statement preparation, and general ledger management tailored to small business needs.
How do you help with tax planning and compliance?
Our team offers comprehensive tax planning strategies and preparation services, staying current with tax code changes to ensure compliance while maximizing deductions and credits.
Can you assist with starting a new business?
Yes, we provide business entity setup guidance, business plan development, and financial forecasting to help new ventures establish strong foundations for success.
What payroll services do you provide?
We handle complete payroll processing including employee compensation, tax withholding calculations, and timely submission of payroll tax filings to federal and state agencies.
How do you manage sales tax compliance?
We prepare and file monthly sales tax returns with accuracy and timeliness, ensuring businesses meet all regulatory requirements while minimizing administrative burdens.
