Small Business Accounting & Taxation

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting and taxation services including:

  • General ledger and financial statement preparation

  • Bookkeeping: Monthly/quarterly/annual

  • Income tax return preparation: Business and/or personal

  • Tax Planning: This is an essential element of the tax preparation process. Tax planning should be part of your overall business strategy - you can use our experience and have access to the most current new developments in tax laws to minimize both your current and future tax liabilities.

QuickBooks Services

 We provide QuickBooks setup, installation, training and support.

Audits - Reviews - Compilations

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:

  1. Audit - an intensive examination with the highest level of assurance.
  2. Review - some analytical procedures conducted with limited assurance.
  3. Compilation - based upon client information provided and used primarily for internal use.

Each type of financial statement report may suit specific circumstances, depending on requirements from your bank or other parties.

Succession Planning

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death and financial affairs.

Succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord - or both.

Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.

New Business Formation

Thinking of owing your own business?

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common  pitfalls that many new small business owners make when starting their new venture.

Non-Profit Organizations

We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.

Each year the IRS requires most tax-exempt organizations to submit Form 990 with schedules, which includes the following items:

  1. Income Statement
  2. Balance Sheet
  3. Functional Expense Statement
  4. Individual Program Expense Statement
  5. Revenue Support Schedules

The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. It is imperative that you build your accounting system around these revenue and expense classifications.

Tax Problems

Are you having problems with the IRS?

We can help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discrete. The IRS problems will not go away by themselves; they just keep getting worse with penalties and interest added each day.

If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up to you, but they are relentless and have no mercy in collecting monies owed. When the collection process stars, they will make your life miserable and literally ruin all aspects of your life.

We can help you with:

  1. IRS Problems
  2. IRS Solutions
  3. IRS Audit Representation
  4. Non-Filed Tax Returns
  5. Back Taxes Owed
  6. Payroll Tax Problems

Business Valuation

Few things are more important to business owners than the value of their business. The valuation you get for your business can make or break a proposition.

Whether you are:

  • Negotiating a merger,
  • Considering new shareholders,
  • Attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution,

You need to have an objective valuation which can make the difference between loss or gain, success or failure.

Business valuation is not an exact science. It is based on judgment, experience and relevant information. You need professionals like us who are well qualified, with significant experience in evaluating all types of organizations.

Part-Time CFO Services

Growing business often reach a point where they need professional financial advice, but cannot afford a full-time CFO or controller.

If you are fortunate enough to be in this position then we have the perfect solution for you. Our Part-Time CFO services gives you a professional financial manager who works with you to help guide your business to success.

The cost of hiring a full-time CFO can range from $60,000 to over $100,000 per year plus bonuses and benefits. Our Part-Time CFO services provides you with experienced support at a small fraction of that cost.