CollectiveReviews of collective.com

My questions are answered promptly and succinctly, my books are completed in a timely manner, and I can't beat the level of service I receive for the price I pay. Victoria, my account manager is one of the best customer service individuals I have ever had the pleasure of working with - and I have worked with many. Though there have been some growing pains, any mistakes are quickly remedied and I notice a significant improvement on all fronts - especially on the tax prep front!

This platform is definitely a relevant solution for business owners and contractors. A nice one stop shop for bookkeeping and tax optimization. Employees are really friendly and I really enjoyed the onboarding video calls. So far so good after a few months. They even helped catch up after starting late in the fiscal year! Some qualified people with a seamless platform.

I have worked with Collective for over a year now and I owe much of my ability to run my new business to them. I left my consulting job in corporate America to start doing freelance design and I was like a baby bird who had just hatched from its egg...I had no idea how to fly. After speaking to some small business lawyers, tax lawyers, and financial planners, I came across Collective who seemed to advertise for EXACTLY what I was looking for. I will make a quick pro/con list and a link if you want to try them out. Pros: - HUGE amount of helpful articles. If nothing else, go read everything they have on all of the topics you want to know about (taxes, LLC formation, payroll, bookkeeping, tips, tricks, etc) -Month by month option - this is nice. If you use them for a couple months, maybe you want 6 months of help to get started, you can end your relationship whenever you want. (See cons list too though) - They did everything to form my LLC in the first month or two. All paperwork, all the stuff. I sat back and enjoyed getting letters from the government and running my new business. It was FANTASTIC. - White glove service to start. Meetings and zoom calls galore to get you started. - membership comes with access to library of applications you need to run a business (gusto, QuickBooks, etc) Cons: - I had a bad experience with their personal tax preparation. This is a newer service and not technically part of their business operations but being added I think. Not representative of any previous interactions with them. I've been very impressed but I was thousands of dollars over what the government required me to pay that year. - Ending your membership with them will require you to purchase subscriptions to other payroll and bookkeeping applications and keep your own books. - Plan on 2600 - 3000 a year to use them ( it is a tax write-off however) - White glove tapers off after 6 months or so but its usually the time you're cruising pretty good - Unsure of specific opportunities related to my unique business that I could take advantage of. This may where finding an individual expert could be useful as your business grows. I am looking deeper into this. Honestly, if you're starting out. Have done this before but looking for organized support my experience has been great. I have no doubt that you'll get off and started and there's flexibility to change your plans as soon as you figure out if something better for you exists. Its hard to say there's too many downsides.

Collective has been an absolute godsend. Working as a self-employed designer, I can offload most of my tax responsibilities and focus on my daily workload. Through the s-corp setup, I also save tens of thousands of dollars in taxes every year. Their service pays for itself!

Before Collective, I had messy books, paid an insane amount of money on self-employment taxes, was penalized for not paying estimated taxes, and struggled with the accounting part of my business. I had no idea how to navigate finances for my small business. After onboarding with Collective, they immediately helped me structure my business as an S corp to save on self-employment taxes, helped me clean up and catch up on my bookkeeping, provide me monthly financial statements, and do my taxes for me. I am estimated to save over $5K in taxes yearly with Collective! I 100% recommend Collective as an all-in-one finance solution for small businesses making over $60K. Let them take care of the finances so you can focus on what you do best!

When I was first introduced to Collective, I needed some serious organization with my record-keeping / bookkeeping. Collective helped me put a process in place to make my life way easier. With Collective handing these tasks, I've been able to scale my business beyond my wildest dreams and for that I'm very appreciative. Like any growing company, there are growing pains. What's most important is that you update your clients when you have those growing pains and tell them tangible ways that you're improving. This builds trust and loyalty, especially since you are working with business owners that understand it. Moving forward, I'd encourage Collective to find ways to connect with their clients, monthly, and address any needs they might have. I'd also encourage them to continue to make improvements to their tax management. I've already noticed a drastic improvement from last year to this year (including moving away from TaxCaddy) so we will see what this tax year brings. I'd also recommend that they give you a single point of contact ESPECIALLY if your business is growing. I want Collective to grow with me and with their current business model, that can be challenging. Overall, using Collective has been one of the best business decisions I've made. I'd like Collective to continue to evolve by getting feedback from their clients who want them to succeed.

Running a business is hard especially when you are THE business. Before Collective, I felt like I was alone. Now, I feel like I have a team supporting me. My paperwork is finally organized. And with the S-Corp designation, I am saving a lot of money that I can finally use to expand my business.

Collective has made caring for my small business finances almost effortless. I have worked with accountants, Small biz CFOs and financial coaches who have charged an arm and a leg compared to collective and none of them have come close to the stellar service that collective offers. I would 10/10 recommend collective if you’re at the place where you’re ready to take your LLC to an S-Corp, make sure huge tax savings and benefit from the business you’ve worked so hard to build! Plus their tech is pretty cool too!