ACCOUNTING SERVICES

We provide accounting services from basic bookkeeping through the preparation of corporate and individual tax returns. Our team can provide any of the accounting needs you require. We scale our services to match the needs of each client.

Our team can become your accounting department. We understand that you need reliable financial information to make business decisions. Yet many business owners are pressed for time and cannot keep up with the changes in accounting regulations and software.

We provide full accounting services to enable you to focus on your business. The tasks we can handle for you include the following:

• Bank Reconciliations
• Payroll Preparation
• Accounts Receivable
• Accounts Payable
• Financial Statement Preparation and Analysis

TAX PREPARATION

We provide tax preparations services for businesses, nonprofits and individuals. Our team takes pride in proactively managing our client’s tax filings. We strive for accuracy and seek to make sure our clients take full advantage of tax deductions and credits.

We can handle all aspects of your small business tax preparation, filing and returns. We handle taxes for all types of small businesses. We can help you find all tax credits and deductions available to your type of business. We can also work with you throughout the year in making decisions with tax implications (such as an equipment purchase vs. a lease).

Our team stays current with tax laws and regularly attends industry training programs. We prepare your taxes with a software program that enables us to double check all tax forms and file your return electronically.

We have prepared hundreds of tax returns over the years for individuals, proprietorships, partnerships, corporations, limited liability companies, and tax-exempt entities. We know what to look for when we prepare your return. More importantly, you have someone to ask questions of during the rest of the year.

Our accounting team can prepare your individual tax returns and tax extension. We will also help you accurately estimate your next year’s taxes and avoid costly underpayment penalties.

QUICKBOOKS CONSULTING

For QuickBooks to work well for your company, you must make the correct decisions during the setup. We will help you set up your QuickBooks properly. If you understand accounting, the system is easy to launch correctly.

If you are not an accountant, you can make mistakes during the setup process. If you do make a mistake during the initial QuickBooks launch, you may need to spend a lot of time correcting the issue.

You should get help from an accountant before you install your first version of QuickBooks. Our team has worked with this system for many years. We can streamline the setup process for you and make sure you avoid some of the common installation mistakes. Some mistakes can result in erroneous financial information and incorrect tax liabilities.

We can come to your office on a regular basis to review your financial records in QuickBooks. We will review your accounts to insure you are maintaining the data properly.

If we catch and correct an issue early in the year, you can avoid end-of-the-year problems. We can also give you regular guidance on accounting concepts to help you monitor your company’s financial records.

BUSINESS START-UP SERVICES

We can guide you in a range of startup activities from setting up your accounting system to organizing your accounting and bookkeeping records. Without a good financial record keeping and accounting setup, it may be hard for you to know the financial impact of a given course of action.

• Selecting the appropriate business entity formation (from an accounting and tax perspective)
• Developing your initial business plan and financial forecasts
• Setting up your startup budget and providing tax evaluation strategies
• Selecting and configuring your initial accounting software
• Establishing your record keeping system
• Completing and submitting federal and state applications for identification numbers
• Applying for a business license
• Registering for state income tax and sales tax collection and remittance

AUDIT PREPARATION SERVICES

What is involved in audit preparation?

Before the auditors arrive, our team of accountants can:

•   Compile your workpapers (see below)
•   Review account balances
•   Prepare financial statements, reconciliations and schedules
•   Respond to the auditor’s technical questions on your behalf
•   Compile information for tax preparation

We have helped companies and nonprofits prepare for audits since 1987. Many on our team have also worked as auditors; so, we know what auditors need. We can speak to your auditing accountants and understand their requests.

Our team can help you prepare. With our years of auditing experience, we understand what auditors need. Our audit prep experts will make sure your books and documents are in order before the audit process starts. If you fully prepare for the auditors before they arrive, your process will go more smoothly. We will free up your time prior to the audit and enable you to remain productive.

FINANCIAL PLANNING SERVICES

Comprehensive financial planning is something that everyone can benefit from.  While you can spend hours researching some of this stuff on your own, you have a day job that keeps you busy. We provide our clients peace of mind by providing a road map for moving your finances forward and we answer all your questions along the way.

What’s included?

• A comprehensive financial plan that provides an analysis of your strengths and weaknesses
• Written, easy-to-understand action steps.  Recommendations that are in your best interest with no product sales or commission (we are fee-only fiduciaries)
• Financial goal setting, scenario analysis, and help with making financial decisions
• Net worth analysis/tracking as a barometer to see how you’re doing
• A summary of your income, cash flows and budget including any necessary recommendations
• Retirement projection(s) based on your goals
• Access to your own financial planning dashboard to help visualize your progress
• Assistance with planning when and how much to invest, and in what type of account based on your goals and needs
• An asset allocation recommendation for retirement and non-retirement accounts
• Identification of strategies that could optimize your financial position, including those related to tax-advantaged accounts and debt
• Career planning and brainstorming as it relates to your finances
• A review of your estate planning documents, employee benefits, and insurance policies and recommendations for adjustments if necessary
• Referral to other professionals if needed, such as insurance brokers, or attorneys, to assist with implementation
• Unlimited virtual/email follow-up as needed while engaged as your financial planner