Welcome to Gunnell Financial
Making your accounting, tax, investments, and insurance work better together.
What we Do
We Cover a Wide Selection of Services
Accounting and Business Planning
The day-to-day, month-to-month, and year-to-year tracking of income and expenses is known as the Profit and Loss Statement, commonly referred to as the P/L. This is crucial for a few things- the first is to know if your business is making you or breaking you. The second is the tax returns can’t be done until the accounting is done. Lastly, when it comes time for bank financing to expand, they will insist on a year-to-date Profit and Loss report, potentially last year’s P/L, and the past 2-3 years of tax returns.
Do you have enough life insurance, disability insurance, long-term care insurance, or Medicare supplement insurance for when the bad things in life happen? If you are a business owner, banks frequently will require life and or disability insurance on the owners.
With many people, we manage their retirement accounts as they rollover over old 401ks and pensions into IRA accounts. For those who are self-employed, we can set up the right type of retirement plan and help you invest for your retirement.
Some returns aren’t too hard, and some get difficult. Knowing where and how to track the P/L can mean the difference of thousands of dollars in tax savings, or done poorly, an overpayment in taxes. At some point, you will want to retire and if your ducks are not in a row, meaning having the right company structure tracked with the right type of tax returns, it can mean the difference of tens of thousands, or in some cases, hundreds of thousands of dollars in tax savings, or done poorly, overpayment of taxes.
“Great service will be using his services for years to come“
Expertise You Can Rely On
You want to make sure the folks handling your finances are not only experienced but also have your best interests at heart. With more than 25 years of experience, Gunnell Financial is your preferred financial advisor.