Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Accounting Software Selection & Implementation
There is no shortage of accounting software solutions for your business. Software as a service (SaaS), cloud computing, and other technological innovations are adding more dimensions to technology decisions. Choosing the right solution that will meet the needs of your business now and in the future while also providing a necessary level of security is crucial. Our staff includes Quickbooks Pro Advisors, Sage/Peachtree Accounting experts and individuals with expertise in other business software applications. We can analyze the nature of your business and financial transactions, current technology, future business plans and emerging needs to identify and implement a software solution that is flexible enough to grow and change with your business.
Financial Statement Preparation
Our financial statement preparation is a core part of our services. We tailor each process to the unique needs of your business. We deliver financial statements and reports that are clear, concise and acceptable to all outside parties and that can provide information and insight to help you run your business more effectively. We will work closely with you and your key employees to develop and execute a plan to complete this work by minimizing employee time spent on the process and without disrupting operations.
Bookkeeping/Write-Up
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs. Each reporting period (monthly or quarterly) we will…
• Reconcile your bank account
• Generate an income statement
• Generate a balance sheet
• Clean up your general ledger
• Provide office consultations
These tasks form a solid foundation of your business bookkeeping system. You customize the package of services you receive by dictating the period we will cover, and then adding payroll, tax planning, tax preparation, or any of our other services.
Business Consulting
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
A Strategic Business Plan is much more than a tool to obtain financing. If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company’s direction. It can ensure that your key leaders are all on the same page, and keeps both management and staff focused on the tasks at hand.
A Strategic Plan is often needed when…
•Starting a new venture, product or service
•Expanding a current organization, product or service
•Buying a new business, product or service
•Turning around a declining business
Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.
Business Entity Selection
Thinking of owning your own business?
Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the “thrill and excitement” period forever.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.
Whether you’re negotiating a merger, considering new shareholders, attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure.
Business valuation is not an exact science. It’s based on judgment, experience and relevant information. So, you need professionals who are well qualified, with significant experience in evaluating all types of organizations.
Our approach is to intimately know your business in order to understand what constitutes its value. We work closely with you to analyze your operations and historical financial data. Our in-depth knowledge of your business enables us to provide a well-reasoned, fully documented and defensible valuation opinion.
We provide a full range of business valuation services for the following needs:
•Bankruptcy
•Business Disputes
•Buyouts
•Divorce
•Estate Planning
•Financing
•Gifting
•Mergers & Acquisitions
•Other Business Valuation Scenarios
Return to Top
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters. Estate planning on your own can be complicated and costly. And the list is endless… state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA’s, 401K’s, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few. Not knowing your legal and financial rights often ends up costing you more in the end.
Financial Analysis
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
IRS Representation
An IRS audit can be an intimidating and complex process. A letter or visit from an IRS Revenue Officer trying to collect form you can be even more stressful. If you or your business face an IRS audit, or collection issue, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
IRS Problems
•Have you received a Notice of an IRS Audit? See IRS Audit Representation.
•Have you failed to file your tax return for a prior year? See Non-Filed Returns
•Do you owe the IRS any money? See Back Taxes
•Do you have a Payroll Tax Problem? See Payroll Tax Problems
•Has the IRS placed tax liens on your home? See Liens
•Is the IRS threatening to seize your bank account? See Levies
•Is the IRS threatening to garnish your paycheck, 401(k), and/or other retirement accounts? See Wage Garnishments
•Is the IRS threatening to seize your personal property? See IRS Seizures
IRS Solutions
•Do you owe the IRS a lot of money? – Settle for pennies on the dollar! See Offers In Compromise
•Do you need more time to pay what you owe? See Payment Plan
•Would you like to get out of a tax debt caused by misdeeds committed by your spouse? See Innocent Spouse Relief
•Would you like to see what the IRS has on you? See Your IRS File
Please call or email to get a Free Consultation with a tax specialist, and receive more information about our Resolution Services.
IRS Audit Representation
Rarely do our clients have to talk with the IRS. We handle it all for you so that you need not take time off of your job to handle the bureaucracy and paperwork of the IRS.
Non-Filed Tax Returns
If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns?
Back Taxes Owed
It’s amazing how fast tax penalties and interest add up. Luckily, we offer several options when it comes to resolving unpaid taxes. Contact us for a Free Consultation with one of our tax specialists.
Payroll Tax Problems
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings.
IRS Liens
Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home.
IRS Levies
We are often able to get levies released and help you get out of a terrible situation. Our goal is to get you even with the IRS and let you start life anew.
IRS Wage Garnishment
The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.
You received an IRS Notice of Intent to Levy 30 days ago and you forgot or ignored it. Now it’s Payday. Expecting a check, you open the envelope and find that the IRS has taken most of your money. What’s left is not enough to pay the rent, car payment, buy groceries, or pay the rest of the bills. This action will continue on every check due you, until the tax owed is paid in full.
Now you’re in big financial trouble. No matter how hard you plead with your employer they cannot give you your money. Once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks.
We are regularly retained to negotiate the release of IRS wage garnishments by arranging a payment plan. The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.
IRS Seizures
A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets; your home, cars, boats, jewelry, motorcycles, insurance polices, and even your retirement funds.
Unlike the levy, which involves intangible assets such as your bank account, a seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes.
A seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. Don’t think they won’t. Many a newspaper or television show has reported citizens being forced out of their homes after it was sold at an IRS auction, often for as little as half its value.
When the IRS seizes your assets they want to quickly sell them at auction. They often get less than half your assets value, so they often seize everything you own including your home, cars, boats, jewelry, motorcycles, insurance polices, and even your retirement funds.
IRS Payment Plan
If you don’t qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts.
Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.
Offer In Compromise
Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).
Often it is possible to fully and completely eliminate the taxes you owe – including all penalties and interest – at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done “right.”
If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.
Bankruptcy
Your back taxes, interest and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems. Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first. If you file bankruptcy and don’t meet the rules, the IRS will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution.
Innocent Spouse Relief
Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse. Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.
Get Your IRS File
Most people would be surprised to learn how much the IRS knows about them. Obtaining a copy of your IRS file is critical in analyzing the options available to resolve your tax problems. Requesting copies of your IRS file is best done by a professional who understands how to obtain them without raising any red flags as well as how to interpret the information in your file.
Management Advisory Services
Our Management Advisory Services focus on improving the efficiency and effectiveness of your business and its operations. We can provide support in business planning, mergers, acquisitions, and other advisory support. Contact our office to learn about the full range of services we provide.
Notary Public
A notary public can help you to handle various business matters, including witnessing and authenticating document execution and signatures. We offer Notary Public services and are available when you need us.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our payroll services professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become. When paying employees, complex laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.
Small business owners spend approximately eight hours a month performing payroll functions. This is nonproductive time that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers. Those ‘things’ that generate income for your business!
We offer several payroll solutions to meet your business’s needs and enable you to spend time doing what you do best-running your company.
Why Outsource Your Payroll?…
• It’s Cost Effective
It allows you to use your staff more efficiently by letting us handle your payroll and the associated legal and governmental details. You can actually reduce your overhead by removing the need to hire specialized employees to handle this process.
• It Saves time
Our payroll service eliminates the need of designing and maintaining your own payroll system. No more data entry, no more researching updates or new laws, no more worries.
• Worry Free Payroll Tax Filing
Eliminate the worry of calculating and filing your own payroll taxes by having our professionals do it for you. Your Federal, and State payroll tax laws are constantly changing and becoming more complex.Our professionals stay abreast of these changes and insure that your filing and information is current and up to date.We are accounting professionals–you get the experts working for you and with you.
• Comprehensive Reports
You get a wide variety of user-friendly and accurate payroll reports.
We Have a Payroll Solution That Will Fit Your Needs.
We know that when it comes to payroll service – there is no “one size fits all”. That’s why we offer custom payroll processing options.
Comprehensive Payroll Services
Our Comprehensive Payroll Service takes care of all of the payroll processing for you…
•Your payroll checks prepared and printed on-time, every-time.
•All of your payroll checks are laser printed on quality check stock to ensure maximum security and meet the micro encoding standards as required by the Federal Reserve System.
• Direct Deposit is available.
• Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
• User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
• Creation and filing of the required new hire reports.
•Your payroll records are maintained in tip top shape.
After-the-Fact-Payroll Services
Give us your manually-prepared payroll records and other payroll information…
•Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
• User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
•Creation and filing of the required new hire reports
•Your payroll records are maintained in tip top shape.
Custom Payroll Reports Service
There are many special reports that Government agencies may require. We can prepare the following reports for you.
•Worker’s Compensation Audits
•Unemployment Claims
•Social Security Audits
•Child Support Audits
•W-2 and W-3 processing
•1099 and 1096 processing
•Preparation/assistance with Federal and State registration forms
Please call or email to get a Free Consultation and complete pricing of our Payroll Processing
Quickbooks Services
QuickBooks is the ideal business accounting software for small to mid-sized business owners. Although QuickBooks is designed for the layman to understand, the initial setup and installation can be tricky. Save hours of frustration by allowing us to setup QuickBooks for you correctly. Once QuickBooks is setup and working properly, we can train you or your employees to properly operate QuickBooks specifically for your business. Employees in your accounting department will find comfort in knowing that the answers to their QuickBooks questions are only an email or phone-call away. Email and telephone support prevents many wasted hours of aggravation and embarrassment. Whether you need to prepare your books for tax time, a financial review, or you just need to clean up some problem areas, you’ll get your QuickBooks running smoothly again with a complete Tune-up. Plus, as a TaxPro client you can save up to 20% on the newest version of QuickBooks.
TaxPro Quickbooks Certifications
10 reasons why you should be using QuickBooks today!
1.You save time on bookkeeping and paperwork because many of simple bookkeeping tasks are handled automatically making it easier to run your business.
2.You can easily generate the reports with the information you need, so you always know where your business stands. You instantly know whether you’re making money and whether your business is healthy.
3.You save money because QuickBooks is so affordable. You can use it to run a $5 million or a $25 million business for a few hundred bucks. Accounting software is truly one of the great bargains in business.
4.Your business can grow with QuickBooks. QuickBooks will help you design a business plan to use when trying to secure a small business loan or line of credit or to plan for the future. QuickBooks will create a projected balance sheet, profit and loss statement and statement of cash flows in the format recommended by the U.S. Small Business Administration.
5.You can customize QuickBooks to work the way you want. QuickBooks is specifically designed to be flexible and adaptable to a wide range of small businesses. To broaden its appeal, QuickBooks has recently added customized accounting packages for contractors, retailers, health care professionals, and non-profit organizations.
6.You can rest assured knowing that QuickBooks is a stable, reliable and proven product. Hundreds of thousands of small businesses throughout the world have chosen QuickBooks as their accounting software. You can’t go wrong with a software program with such an extensive installed user base.
7.You save typing time and errors by sharing data between QuickBooks and over 100 business applications. You can even share data with popular programs, such as Microsoft Excel, Word, Outlook and ACT.
8.You will get paid faster with QuickBooks online payments. E-mail an invoice or statement and with QuickBooks Online Billing, your customer can easily pay you with a credit card or bank account transfer. No more waiting for the check in the mail!
9.You can easily accept credit cards. With QuickBooks Merchant Account Service, you can accept credit cards with ease. QuickBooks Merchant Account Service is the only credit card acceptance service integrated with QuickBooks software, which means you don’t have to enter the same data twice. No additional software or hardware is required. Your customers can use Visa, MasterCard, or American Express.
10.You can pay your bills and handle your banking online. Setup your current bank account in QuickBooks, and you’re ready to pay your bills without licking envelopes, sticking stamps, or printing paper checks. Just write checks in QuickBooks as you normally would, then click a button and your participating bank does the rest! Pay anyone in the U.S. from your credit card companies to your pizza service. Online banking also lets you download your monthly statement from your participating bank directly into QuickBooks for easier reconciliation.
Retirement Planning
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
Tax Preparation & Planning
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple tax return return can be confusing. It is too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program, there is no substitute for the assistance of an experienced tax professional. Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.
Here’s what we do for you…
•Your tax return will be prepared by one of our qualified professional tax preparers. It is then checked by our computer software to identify any potential problems the IRS may wish look at more closely. It is then reviewed by one of our senior specialists for accuracy and to insure nothing has been overlooked.
•Your tax return can be filed electronically which further reduces potential input errors, gives you a documented acceptance notice from the Internal revenue Services, and insures that you will get your refund back quicker.
•Our staff will verify your payroll withholding to insure that the correct amount of taxes are being withheld from your payroll checks each week.
•We will show you potential deductions to limit your tax liability.
Are your records a Mess? No Problem!
If you own a small business or have rental properties and haven’t kept up your bookkeeping, don’t panic! We can help. We will organize your records for the year, prepare the appropriate tax schedules with your personal income tax return and help you set up an easy system that will allow you to keep your books in tip-top shape for next year.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
We recommend Tax Saving Strategies that help you…
•grow and preserve assets by keeping Uncle Sam out of your pockets.
•defer income so you can keep your money now and pay less taxes later.
•reduce taxes on your income so you keep more of what you make.
•reduce taxes on your estate so your family keeps more of what you’ve made.
•reduce taxes on your gifts so you can give more.
•reduce taxes on your investments so you can grow your wealth faster.
•reduce taxes on your retirement distributions so you can retire in style.
Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.
Please call or email to get a Free Consultation and receive more information about our Tax Preparation Services