"My marketing and creative firm, has been in business for over 25 years. When the Covid-19 pandemic struck, most active and pending projects were put on hold or canceled. This resulted in an abrupt halt to our operating income. When the first round of PPP funds was made available, we were fully prepared and promptly provided all paperwork to our bank. As the weeks went by, we heard of other companies receiving their PPP funds, but our application had yet to be approved. We spoke with our bankers several times, but they were unable to provide any type of update or assurance that funding would be made available to us. When the first round of PPP funds were depleted, we were left high-and-dry with no funding or reasonable explanation as to why or application had not been processed.
When the second round of PPP funds were released, we had been without cash flow for nearly 6-weeks leaving our company was in very dire straits. Again, we submitted an application to our bank. 2-weeks into that process we had yet to be approved and our bankers once again could not provide any assurance that our loan would be processed.
About this time, I had called Jim Schulte for some tax advice. Schulte & Company was not our accounting firm, but Jim very graciously provided me the information I needed. He then asked if our company had received a PPP loan. After I explained our difficulties and our banks inability to secure funding, Jim recommended we contact a banker he has a relationship with. He went so far as to contact that banker on our behalf.
We immediately sent in our paperwork and within 12-hours were approved for the PPP loan. Amazing!
Schulte & Company now manages all of our accounting needs."
- creative firm client, Cuyahoga Falls
"When I went into Schulte & Company for my first meeting I was expecting to hand over my QuickBooks file and get a monthly bill, but instead we discussed my business, how it will affect my personal taxes, and I was given a tour of the facilities. Everyone was friendly and welcoming! I was asked to come in for a second meeting to discuss my tax saving options, correct my payroll, and select a retirement plan. They had it all laid out in the Engagement Letter of how I would save over $16,000 a year by following their strategy!"
-A Very Happy Client, Akron
"Schulte & Company saved me $534,589 in taxes and penalties, filed my back taxes, and provided the information to bring my fraudulent investment advisor to justice. This was a huge weight off my mind. I would recommend their services to anyone."
"As CPAs, Schulte & Company prides itself on being a trusted resource that business owners can count on. Part of being the trusted resource is delivering accurate and timely financial statements and tax returns. These are the starting points for financial decisions and planning.
We provide monthly financial statements and tax services to dozens of franchisees. Here is what one national franchiser, who has dealt with hundreds of accounting firms in his career, recently instructed his franchisee’s in regard to our services.
I’ve found none better for the price and expertise that’s provided than Schulte & Company. I’ve found franchisees that I’ve recommended Schulte & Company to have everything they need to measure and monitor the financial health of their business. Without fail, this makes a huge difference. With the right accounting firm and a few lessons on how to interpret your financials, it can make a difference by tens of thousands of dollars in your favor. I strongly encourage you to reach out to Schulte & Company."
-National Franchiser, Akron
"Most CPA firms are capable of providing financial statements to meet a bank covenant and preparing required tax returns for the government. But with Schulte & Company you get more than just meeting a bank or government mandate. Beyond delivering tax and accounting services in a cost efficient, coordinated manner with no surprises, we view meeting these requirements as a recurring opportunity to improve your bottom line.
The accurate financial statements and timely tax returns we provide become tools for your business: tools that we use to provide tax planning, obtain financing and sell your business. Our expertise to provide these consulting services is one of the things that helps distinguish Schulte & Company from other CPA firms.
Here is what the managing member of a manufacturing client recently said to his new banker:
Schulte & Company has been our accounting firm since 2008. They have done everything we have asked and more, from performing our audit and preparing the tax returns for our business and owners, to tax planning. Their service has been outstanding; they are always asking ‘What more can we do to help?’ They provide our annual business audit and tax services smoothly, in a coordinated effort. They work well with our staff. Over the years, their tax planning strategies have saved our business owners several hundred thousand dollars in taxes. When our chief financial officer fell ill and ultimately passed away, they stepped in, prepared a loan request package, shopped it with different lenders and successfully secured new credit lines and term loans. Most recently, when we were experiencing a transition in ownership, they helped us evaluate the business and tax implications of various buyout alternatives. They deliver big firm accounting experience with the personal touch of a local firm."
-Multi-state Manufacturing Client, Northeast Ohio