CitadeL
Accounting & FINANCE
Strengthen your business.
Maximize your profits.
Build wealth.
Unlock Your Financial Potential
As a small to mid-size business owner, you want to understand your financials, maximize your profit, and minimize your tax liability. With experience in certified public accounting (CPA), fractional CFO, and financial planning and analysis (FP&A), Citadel is uniquely qualified to understand the breadth of your business and unlock your financial potential.
Our Services
Tax Preparation & Planning
Tax preparation and tax planning throughout the year, including quarterly tax projections and recommendations on investments or capital improvements that you can make to mitigate your taxes.
Fractional CFO
Includes building budgets and forecasts, analyzing month-to-month financials, recommending how to build revenue and cut costs, forecasting cash flow, and developing and tracking KPIs.
Bookkeeping & ACcounting
Good bookkeeping and accounting can provide entrepreneurial insight and empower you with timely financial information. Track income and expenses, reconcile accounts, and prepare financial reports.
Quality of Earnings
Michael has several years experience at a portco performing financial due diligence on acquisitions, as well as experience at a Top 20 accounting firm in transaction advisory.
Business Valuations
To buy or sell a company, there are several important factors. We can help you get your business in the best possible position for selling, as well as calculate EBITDA and help determine a fair multiple.
TRUST & Estate Planning
We will build the structures to minimize your taxes, including utilizing tax-free assets. We will plan so you can be confident you will have enough liquid assets to leave your loved ones with minimal expenses.
Meet Your Partners
Michael started his own CPA firm to solve the problem of business owners who had to push their finances to the back burner as their business scaled. This ends up costing them thousands of dollars that Michael wants to put back in their pocket.
As a CPA with ten years of experience in tax, accounting, and finance, Michael is able to uniquely understand the full breadth of your business and how to create and implement a plan for your success.
Michael is a Christian, husband, and father of 5, who is passionate about unlocking business insights for his clients and maximizing their financial potential. He is local to Boise, and enjoys all the outdoor activities that Idaho has to offer!
Elijah started his career in the medical insurance industry after earning a degree in Health Administration. He soon transitioned into the business management sector, where he spent six years handling bookkeeping and medical records for high-net-worth clients. His work involved managing accounts payable, payroll processing, and financial reconciliations, as well as overseeing healthcare coverage for numerous clients.
Through his handling of high-profile clients with sensitive information, Elijah has developed a razor-sharp attention to detail and a warm, personal touch in every interaction. He is passionate about assisting others with his unique skill set and is dedicated to providing exceptional service.
Currently pursuing an MBA, Elijah aims to bring additional value to Citadel Accounting with advanced business knowledge and innovative strategies. He is thrilled to join Michael as a partner and looks forward to serving the Treasure Valley.
Elijah is a follower of Jesus, husband to his wife, Rebekah, and father to their son, Asa. When he’s not hard at work, he enjoys hiking, working out, and geeking over The Lord of the Rings with his family and friends.
Finance PAckages
You’re already probably paying for a bookkeeper who is telling you what happened to your money, but what you really need to is a plan (a budget) so you know where your money is going and how much you get to keep.
Basic FP&A
Did my money go where I thought it would?
Example: You budgeted $3500 in payroll for last month and paid $4000, so you overspent by $500. Compared to last year, you spent $1000 more. We would help you find a way to cut costs to make up for the shortfall, ensuring you keep what you budgeted.
We will build you a budget, analyze and compare it to last year, and make recommendations to cut costs and increase revenue.
Advanced FP&A
Did I use my money to maximize my profits?
Example: After diving in deeper to the analysis, the extra $500 we paid for this employee actually helped us generate an additional $2000 in revenue which yields a 400% ROI. We’ll update the budget (called forecasting), and make a plan for the extra $1500.
We will do the basic financial analysis plus a deeper dive into variances. We’ll also forecast your budget month to month and develop KPIs (key performance indicators), which quantifiably measure performance in your business operations.
Fractional CFO
Are my profits as tax-efficient as possible?
Example: Your profit for the year is $700,000. You are in the highest tax bracket and will pay at least 37% tax on this income. There investments, capital improvements and more that you can make to mitigate your taxes this year while still building wealth.
In addition to a comprehensive financial analysis, a CPA will also prepare your taxes and advise throughout the year on tax strategy.