Other professional, tax, and accounting services

At Glasgow Knight Financial we streamline the world by using systems, automation, and the power of a creative rational mind to do what we do best—prepare and compile financial statements of our clients and the clients of other accounting and professionals by processing large numbers of bank and credit card transactions and other non-bank information and transforming them into properly prepared financial statements.

Glasgow Knight Financial employs public accountants and technology professionals to fulfill this mission. And, consistent with Ricardo’s comparative advantage theory, we can’t be best at everything our clients may need from us. Therefore, we’ve built strategic partnerships with other professional service providers who offer our clients the following services:

• Employee Payroll and Payments to Independent Contractors. We have partnered with one of the best payroll processing and HR solutions specialist in the marketplace—ADP. Their scalable solutions go beyond payroll processing and include a full suite of human resources, retirement, and workers’ compensation, health and wellness programs, and other employee payroll and benefits offerings. And, of course, ADP’s world-renowned automated payroll calculation and processing, timesheet capture, and federal, state and local payroll tax management tools are easily accessible by both our clients and ourselves on a shared web portal. All clients we refer to ADP receive a 15% discount. Talk to us about ADP and we will assist with setting up your business payroll with them.

• Sales and Use Tax Filings. Glasgow Knight Financial has staff dedicated to registering our clients for sales/use tax compliance purposes and to filing low volumes of sales / use tax returns. For larger-volume clients we’ve engaged two local accounting firms to assist us with these tasks. All of our clients receive volume discounts on these services. We will be happy to connect you with either of our partners in this space.

• As we’ve stated in the financial statement preparation and compilation services page (see line 1.A. in the table on that page), we do not offer ongoing, day-to-day or periodic bookkeeping and accounting services. However, we have partnered with several accounting and outsourcing service providers who assist our clients with this need and we will gladly put them in touch.

• Clients who need to set up retirement plans and are looking for competent, experienced retirement plan advisors and administrators (different from retirement plan custodians), we refer to our business colleagues at TEFRA, Inc, in Annapolis, Maryland at www.tefrainc.com. 

• For clients who are looking for a retirement plan custodian or a retirement account custodian, we recommend our long-term partner, Charles Schwab at www.schwab.com. Schwab’s services are the most competitively priced in in this space and are truly representative of someone with a distinct comparative advantage. Take a look at their IRA product offerings, for example, here. 

• Consistent with the recommendation above, for clients who want to open Sec. 529 educational savings accounts, consider talking to a Charles Schwab 529 plan representative and learning more about their offerings here.  

• We’ve worked with several self-directed IRA and self-directed solo 401(k) plan custodians in the past and have chosen Rocket Dollar as one of the best, applying the comparative advantage theory. You can meet their team here  and learn more about their products at www.rocketdollar.com. 

• Credit Repair and Business Coaching. Glasgow Knight Financial has partnered with one of the best players in the space, www.creditbooster.com, to assist our clients with all of their credit repair and business coaching needs. From deletion of derogatory items and credit inquiries, to adding a credit boost to both personal and business credit, Credit Booster is a full service company. Additionally, www.creditbooster.com, just like Glasgow Knight Financial, specializes in serving the trucking community–solo drivers, owner operators, and large trucking company owners alike. Glasgow Knight Financial values its clients and only partners with the best, which is why Credit Booster has a 100% success guarantee. Credit Booster has offices in Los Angeles, California, and in Chicago, Illinois. Glasgow Knight Financial and Credit Booster together form a powerhouse of financial services to help our clients grow their business to the next level. 

• Life Insurance and Annuities Products. We used to sell term life insurance and annuities products to our clients. Today, we refer our clients with these needs to Primerica, one of the best term life insurance companies, and their business partner in the annuities space, Brighthouse Financial, at www.brighthousefinancial.com. Talk to us about your insurance needs and we will connect you with the right people in the state where you live. 

• The heart and soul of the technology that powers our enterprise comes from our sister entity—Glasgow Knight Automation. Accounting and tax professionals use Glasgow Knight Automation’s back office offerings for their time tracking and billing, client management, production scheduling, staff utilization and payment, and internal company reporting needs to run efficient, streamlined professional service businesses. At Glasgow Knight Financial we use all of these back office / workflow technologies and recommend them to other accounting and tax professionals. Additionally, Glasgow Knight Automation offers solutions for financial statement preparation, depreciation, trust accounting, and many other complex, real life financial needs of accounting clients. The technology that powers our bank and credit card processing was developed by and licensed to us by Glasgow Knight Automation.

• Sometimes our clients need legal assistance with the matters concerning Federal and state tax matters (audit appeals or litigation), business litigation, setting up complex entities such as tax-exempt organizations or corporations, businesses that want to make placements of private debt, or individual clients who need assistance with trust and estate matters. We work with a number of attorneys located in different states who may be useful to our clients with these matters.

We are continuously working on delivering exceptional client experience and, therefore, re-evaluate existing partnerships and establish new ones to address the needs of our clients.