Small Business Accounting
Businesses of all shapes and sizes depend on accurate, insightful financial information to manage day-to-day operations, capitalize on opportunities, and grow profitability. We offer our expert support your bookkeeping staff/contractors so that you can focus your time and energy on building a strong business.
Bookkeeping
We’ll advise on suggestions you have for a chart of accounts to capture your financial transactions, provide information to manage your business, and prepare tax returns. We will provide requested reviews to keep the information you need clear and concise for your management use. We advise changes to facilitate tax-reporting.
QuickBooks Services
We offer support services to your bookkeeper so you 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. Changes present the opportunity to address inefficiencies, and annoyances.
Tax Planning
Proactive planning is the key to minimizing your tax liability. We plan strategies with clients to pay the least amount of tax required by law. A few strategies 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
* Entity choice/comparison
* Tax effects from foreclosures
* Bankruptcy Planning
* Depreciation of Business Assets
* Minimum required distributions from retirement plans
* Using charitable remainder trusts for life time income from sale of appreciated assets
Together we consider your unique circumstances to determine to maximize the money you keep in your pocket.
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.
We’ll work with you to review your prior tax years’ status and make sure your tax filings are current.
Advisory Services
We offer value added services that help you structure and manage your business to its best advantage.
New Business Formation
We can help you:
* Select a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability
* Develop business agreements, as needed, to avoid financial trauma downstream
* Select the right accounting software and establish the appropriate chart of accounts
* Recommend payroll service for payroll tax filing when and if you hire employees
Contact us to learn more about Entity choice.
Consulting Services
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:
* Sales or Exchange of Real Property
* Entity Choice/Comparison
* Tax Effects from Foreclosures
* Bankruptcy Planning
* Depreciation of Business Assets
* Minimum Required Distributions from Retirement Plans
Tax Services
We prefer to take a proactive vs reactive approach. Tax laws CHANGE CONSTANTLY. We are in a position to identify key tax-planning opportunities that minimize both your current and future tax liabilities. We provide individual and business clients with expertise and knowledge throughout the year. Tax Planning & Preparation are offered for...
* Individuals
* Corporations
* Partnerships
* LLC's
* Estates
* Trusts
* Gifts
* Entity
* Dissolution/Termination
Estate & Trust Tax Preparation changed preparation to ADMINISTRATION
Estate Planning
We'll help you think though the disposition of your assets to address your preferences and concerns while steering clear of complication and tax liability for your estate or beneficiaries.
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.