Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability. We lend our expert support to meet your accounting needs so that you can focus your time and energy on building a strong business.

Bookkeeping

We’ll create and maintain a chart of accounts to capture all of your financial transactions, provide the right information to manage your business, and prepare federal, state, and local tax returns. Through periodic internal audits, we’ll identify and resolve discrepancies (e.g., double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position. We offer monthly or quarterly bookkeeping to make sure you are able to make the correct payments and are able to capitalize on your business's income.

Bank Reconciliation

While a clean set of “books” is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements. Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records. This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees. It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc.), and expedites restitution. And it gives you a clearer picture of your cash position for addressing planned outlays and investments.

Financial Statement Preparation

We can prepare a complete set of financial statements to help you assess the health of your business. This package includes:

• A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end

• An Income Statement (a.k.a. Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business

• A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns

• A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

• Estimated tax liabilities

Our analysis of your financial statements helps you frame strategic initiatives (e.g., business expansion, acquisition) as well as tactical plans (e.g., accounts receivable and accounts payable management). Professionally prepared financial statements are also an essential resource when dealing with creditors (e.g., vendors, banks) and investors.

Individual Consultation

When you use our professional accounting services, you get more than a collection of records and reports. You get the benefit of our skills, experience, and expertise. We’re happy to invest the time to make sure that you understand and utilize all of the information we provide. Call us whenever you have a question or concern.

Contact us to learn more about our Small Business Accounting services.

Tax Services

Tax law is a complicated affair that changes with each season. Through rigorous professional training and routine participation in industry briefings, we sustain mastery of the current tax law, complex tax code, and new tax regulations. This discipline enables us to offer a full range of tax planning, preparation, and support services.

Tax Preparation

Are you anxious about filing your on tax returns? Even a simple return may require multiple forms. The instructions often evoke more questions than answers. While a computer software program may help, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.

Here are a few of the benefits you’ll reap when using our service:

• We’ll prepare all of the appropriate forms and record all figures and calculations accurately.

• We’ll make sure that you receive all of the deductions and credits to which you are entitled.

• We’ll file your return electronically to speed delivery of refunds.

• We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.

• We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.

Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we'll help you set up an easy system to keep your books current going forward.

Tax Planning

Proactive planning is the key to minimizing your tax liability. We work with businesses and individuals to pay the least amount of tax required by law. A few of the strategies that we consider include:

• Splitting income among several family members or legal entities to take advantage of lower income tax brackets

• Shifting income or expenses from one year to another when it can yield a lower tax rate

• Deferring or eliminating tax liability through use of tax-advantaged investment vehicles

• Tracking all expenses eligible for itemized deduction

• Taking advantage of tax credits

Your unique circumstances will determine the strategies that we can employ to maximize the money you keep in your pocket.

IRS Audit Representation

If you have been selected for an IRS audit, professional representation can set your mind at ease. We’ll take the lead in dealing with the tax authorities based on our familiarity with their procedures and our intimate knowledge of the tax code. We’ll make sure that you don’t get an unpleasant and unwarranted surprise at the end of the process.

Tax Problems

Even if you have not been targeted for an IRS Audit, you may be aware of problems that will catch up with you eventually. Common examples include:

• Missed tax filings for one or more years

• Insufficient funds to pay the tax liability when due

• Failure to remit payroll taxes

We’ll work with you to review your prior tax years and make sure that all of your tax filings have been submitted accurately. If you don’t know what’s included in your tax record, we’ll help you get copies from the tax authorities without raising any “red flags.” We’ll assess your tax liability and the associated interest and penalties. Then, we’ll work with you on an approach to negotiation. For example:

• You may be able to settle your tax debt for less than the full amount owed if the tax authority deems your offer to be the most they might collect within a reasonable time period. This arrangement is referred to as an Offer In Compromise.

• We could work with the tax authority on a Payment Plan to resolve your debt. This approach protects you from asset seizure to settle your obligations. It may be possible to secure relief on penalties and/or compound interest.

• The IRS provides Innocent Spouse Relief when for an aggrieved party when his or her spouse or former spouse failed to report income, reported income improperly, or claimed improper deductions or credit.

• If your circumstances do not lend themselves to a negotiated settlement, then it may be necessary to seek protection through a Bankruptcy filing.

It is far better to face your problems than to wait for them to land on your doorstep. We’re here to help in any way we can.

Contact us to receive more information about our Tax Preparation, Planning, Audit Support, and Troubleshooting services.

QuickBooks Services

We provide an array of services to help you set up your business on QuickBooks and get the most out of your investment.

QuickBooks Set-Up

Although QuickBooks is very easy to use, it takes a bit of expertise and foresight to design the system for maximum benefit and effective control. Moreover, a new system set-up or conversion presents the opportunity to address long-standing gaps, inefficiencies, and annoyances. You don’t do it often, so you might as well do it right!

Although we tailor each engagement to each client’s needs, here is a list of QuickBooks Set-Up services that we offer:

• Assess accounting and reporting requirements

• Establish hardware and software specifications

• Install the accounting software

• Design and implement the chart of accounts, loading balances as of the start date

• Record outstanding accounts receivables and payables

• Enter ending statement bank balances and outstanding checks, deposits

• Enter transactions since the start date

• Compare trial balances from the old and new systems to ensure that all data was transferred correctly

QuickBooks Training

Whether you’ve engaged us to help with your implementation or you simply need a refresher course on the system, we can provide training on using QuickBooks to manage your business. We conduct sessions at your location and adapt the course content to your set-up and business issues. [No need to spend time on capabilities that you won’t use!] We’ll spend as much or as little time as you need on each topic, and respond to any questions and concerns.

QuickBooks Tune-Up

A QuickBooks Tune-Up is a great way to prepare for tax time, an important meeting, or a periodic review of your business strategy. In a few short hours, your QuickBooks professional can review transactions, clean up stray entries, balance the general ledger to subsidiary ledgers, and adjust the chart of accounts to reflect changes in your business model. A Tune-Up can help you make better decisions, minimize the ill-effects of undetected errors, and keep money flowing in the right direction,

A QuickBooks Tune-up is a smart and affordable way to get a handle on your books. Accurate records allow you to make educated decisions for your business and will save you money!

QuickBooks Answers

When folks find QuickBooks baffling, it’s generally not because they haven’t mastered the mechanics of using the system. It’s because they’re facing an unusual transaction that doesn’t quite fit the patterns with which they’re familiar. Fortunately, we’re just a phone call, fax, or email away. For a nominal fee, we’ll provide a detailed answer to your problem or question, usually within 24 hours. Our QuickBooks Answers are money-back guaranteed.

Financial Services

It’s easy to get caught up in all of the activities and responsibilities of our day-to-day lives. And yet we need to think about the future, especially with respect to our financial well-being. For a modest investment of your time to help us get to know you and the life you want to create, we’ll help you craft a financial roadmap to meet your obligations, manage risk, and build wealth.

Retirement Planning

Most of us look forward to the day when we have the means to bid farewell to our current occupations and explore new horizons. We can help you create a plan to attain financial independence and enjoy a comfortable retirement. This plan will consider your financial needs, your projected assets and income sources, tax treatments, and strategies to address projected shortfalls.

College Planning

Whether higher education is right around the corner or years away, we’ll work with you to estimate the required resources, explore available options for funding, and develop a suitable savings plan.

Estate Planning

A well-conceived estate plan provides security for loved ones and an orderly succession of ownership for business interests. We’ll help you think through the disposition of your assets to address your preferences and concerns while steering clear of needless complication and tax liability.

Insurance Assessment

Despite the best intentions, each of us may face the unexpected. Although we can’t control everything that crosses our paths, we can protect ourselves and our families from the financial hardship that accompanies bad news. We’ll provide an unbiased assessment of your life, disability, health, home, and auto insurance coverage, and work with you to establish a suitable emergency fund.

Investment Planning

To build personal wealth, you need an investment management strategy that provides an appropriate blend of growth, asset protection, and income generation. Given your investment goals and risk tolerance, we’ll help you devise a savings and investment strategy that helps secure your future.

Contact us to learn more about our Personal Financial Planning services.

Company setup

We will setup the company in the state requested. Please note that if you need an advisory service on what company needs to be opened you will be charged a separate fee.