We provide you with a monthly or quarterly income statement and balance sheet which compile your financial transactions for the period. These financial statements are custom designed for your type of business. They may include reports which give you comparisons of actual results with budgeted, or current year results with prior year results. These statements include a general ledger, payroll journal and bank reconciliation. We will show you how to use these “tools” to run your business successfully.
Compilation and Review Services
Our firm provides professional compilation and review services to businesses of all sizes. We prepare financial statements in accordance with Generally Accepted Accounting Principles (GAAP) or other basis of accounting for use by banks, investors, and other third parties.
Financial Forecast and Projections
We can work with you each year to develop a monthly budget for the upcoming year. Coupled with the financial statements we give you, these reports will be your tools that tell you how your business did versus what you planned.
Tax Services
We prepare all your taxes – payroll, sales, and income taxes – promptly. We regularly offer tax saving advice and periodically send you literature regarding the latest tax law changes and how they affect you. If you’re new in business, we can help you decide if you should incorporate and if you should elect S corporation status.
IRS and State/Local Representation
Our firm knows the tax laws, and we are knowledgeable of current tax practices. We can provide you complete representation services before the IRS as well as state and local taxing authorities. We are also experienced in negotiating Offers in Compromise with the IRS.
Business Valuations
Our firm provides cost-effective business valuation services, quickly and efficiently.
Computer Consulting
We can show you how using a computer (and the right software) to perform your daily accounting tasks can save you time. Tasks such as billing your customers on the computer and knowing quickly how much they owe you, writing checks on the computer and knowing your cash balance at any time. If you have some accounting knowlege or the proper staff, we can help you set up the chart of accounts to properly keep track of your general ledger in-house, with us periodically perusing these financial statements but not compiling or auditing them.
Retirement Planning
It is never too early to start planning for retirement. If you want to live the same lifestyle–or an even better one–than you do now, you need to start planning for retirement…NOW. We can analyze your projected income and expenses and suggest investment funding techniques to help you make sure that your golden years 10, 20, and even 50 years from now live up to your expectations. We can even help you decide on the specific investments to make.
Pension & Profit Sharing Plans
We can help you decide which retirement plan is best for you, and then we will help you fill out all the paperwork necessary to implement it. For example, if you own a small business, we can show you how the new SIMPLE Retirement Plan can save you three to six times more money than an IRA, and how it’s cheaper to maintain and easier to understand than a 401K and other retirement plans.
Investment Review
Our firm will perform a custom portfolio analysis and review the risks and returns of specific investments including stocks, bonds, REITs, and limited partnerships. We will also determine an optimal asset allocation for you by taking your unique personal and financial goals and resources into account.
Payroll Services
Our firm offers complete payroll preparation and payroll tax reporting services. We prepare all federal and state returns and offer full magnetic media and electronic filing capabilities.
Debt & Financial Services
We offer complete debt and financial counseling services, including installment debt consolidation, refinancing, and repackaging.
Benefit Plan Services
Our firm can help your firm weigh the complex benefits and costs posed by todays qualified and nonqualified pension and profit sharing plans, including 401(k), SEP, SEP IRA, Keogh, life insurance and health insurance plans.