Business Details
23 Years
experience
Trusted Accounting Services in Madison, WI
Established in 2003, LKM Accounting Service has dedicated itself to meeting the accounting and bookkeeping needs of small businesses and entrepreneurs. As a small business ourselves, we understand the unique challenges faced by our clients, from day-to-day financial management to long-term strategic planning. Our approach prioritizes personalized attention, treating each client's business as if it were our own. We specialize in transforming disorganized financial data into actionable insights, enabling informed decision-making.With over 15 years of experience, we offer expertise in bookkeeping, payroll processing, tax preparation, and business consulting. Our commitment to accuracy, transparency, and client education sets us apart, ensuring clients receive not just services but strategic partnerships that contribute to their long-term success. We serve businesses in Madison, WI, and surrounding areas, providing both cloud-based solutions and traditional in-person support.
Services
Bookkeeping
Payroll Services
Tax Preparation
Business Consulting
Financial Reporting
Details
- Year established: 2003
Highlights and features
- We offer 20+ years of specialized accounting experience for small businesses.
- Our team provides personalized, one-on-one financial guidance and support.
- We maintain BBB accreditation for ethical business practices and reliability.
- Our services combine cloud-based technology with traditional in-person support.
- We focus on educating clients to improve their financial decision-making capabilities.
Associations and certifications
- Better Business Bureau
What people say
Fantastic addition to our business
Knowledgeable and professional
Great sense of humor
Saved hundreds in outstanding tuition
Precise and time-efficient
Services
Bookkeeping
Our bookkeeping services ensure accurate and timely recording of financial transactions, including purchases, sales, receipts, and payments. We provide regular reconciliation of bank and credit card accounts, cash flow analysis, and accounts payable management. Our expertise helps businesses maintain organized financial records for better decision-making.
Payroll Services
We handle complete payroll processing, including tax registration, employee payments, and tax return filings. Our services ensure compliance with tax regulations while maintaining confidentiality and accuracy. We manage all aspects of payroll administration so businesses can focus on operations without administrative burdens.
Tax Preparation
Our tax preparation services cover personal and business returns with electronic filing options. We stay updated on IRS code changes to maximize deductions and ensure compliance. Our team works closely with clients to explain tax implications and optimize financial strategies throughout the year.
Business Consulting
We provide strategic consulting for business formation, tax structure selection, and financial planning. Our expertise helps entrepreneurs navigate regulatory requirements and establish effective financial systems. We offer tailored advice to support business growth and long-term sustainability.
Financial Reporting
Our financial reporting services include preparation and interpretation of key financial statements. We analyze cash flow, expenses, and profitability metrics to support data-driven decisions. These reports help business owners understand their financial position and identify growth opportunities.
People
Lisa McConkey
Owner
With over 30 years of accounting experience, Lisa founded LKM Accounting Service in 2003. She holds degrees in Accounting and Data Processing from 1986 and previously worked with major entertainment companies in Los Angeles before establishing her Madison-based practice.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll processing, tax preparation, financial reporting, and business consulting services tailored to small businesses' specific needs.
How do you help businesses with tax planning?
We offer year-round tax planning strategies, business structure analysis, and IRS compliance guidance to maximize deductions and minimize tax liabilities.
Can you work with existing tax professionals?
Yes, we can collaborate with your current tax preparer to ensure accurate financial data for tax filings while maintaining your preferred professional relationships.
What technology do you use for accounting services?
We utilize cloud-based platforms like QuickBooks while offering flexible solutions that balance digital accessibility with traditional in-person support options.
How are your services priced?
We charge fixed hourly rates initially, then establish customized monthly fees based on your specific accounting needs and business complexity.
Videos
