TAX PREPARATION

COMPREHENSIVE REPORTS

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just 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

I will show you potential deductions to limit your tax liability for next year. In addition, You will give you a sheet of commonly overlooked deductions to limit the following year's tax liability. 

TAX RETURNS

TIME-SAVING

1.  Calculate tax payments
2. Estimate tax returns, deductibles, liabilities, and expenses
3. Prepare quarterly and annual reports
4. Collect data from income statements and expense documents
5. Complete clients' tax documentation
6. Review data on reports and detect possible errors
7.  Answer tax- and finance-related questions

BOOKKEEPING

COST-EFFECTIVE

As a small business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...

1. Reconcile your bank account
2. Generate an income statement
3. Generate a balance sheet
4.  Clean up your general ledger
5. Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

FINANCIAL ADVISOR

WORRY-FREE

A financial advisor is a professional that provides expertise for clients' decisions around money matters, personal finances, and investments. Financial advisors may work as an independent agent, or may be employed by a larger financial firm.

A Financial advisor is a generic term with no precise industry definition. As a result, this title can describe many different types of financial professionals.

Stockbrokers, insurance agents, tax preparers, investment managers, and financial planners can all be considered financial advisors. Estate planners and bankers may also fall under this umbrella.

Still, an important distinction can be made: that is, a financial advisor must actually provide guidance and advice. A financial advisor can be distinguished from an execution stock broker that simply places trades for clients or a tax accountant who simply prepares tax returns without providing advice on how to maximize tax advantages.

Furthermore, what may pass as a financial advisor in some instances may simply be a product salesperson, such as a stockbroker or a life insurance agent. A true financial advisor should be a well-educated, credentialed, experienced, financial professional who works on behalf of his clients, as opposed to serving the interests of a financial institution by maximizing the sales of certain products or capitalizing on commissions from sales.

FINANCIAL REPORTING

Provide a full range of traditional accounting services including:

1.  Audits
2.  Reviews
3. Compilations of financial information
4. Specialized financial reporting for construction contractors, franchises and others
5. Tax Planning and Return Preparation We utilize state-of-the-art software in providing tax

planning for comprehensive tax analysis. All returns are prepared using the most up to date professional tax preparation software.

SPECIALIZE IN:

1. C-Corporations
2. S-Corporations
3. Partnerships, including Limited Liability Corporations (LLCs) Fiduciaries
4.  Estates

We also offer individual income tax return preparation.

BUSINESS PLANNING

Reviewing the results of your financial operation allows us to help you better utilize the information contained in the financial reports. 

We assist companies with the preparation of:

1.  Internal business valuations for the sales or purchases of businesses
2. Business Budgets
3. Business Plans
4. Forecasts
5. Projections
6.  Estate Planning
7. Gift Planning

STATE PLANNING

Other professionals, such as estate planning attorneys, frequently ask our assistance

with planning an estate. We often act as a client advocate during this process.

Our position as financial advisor enables us to interpret your goals to other

professionals.

This approach has proven to be a significant value to our clients and their other advisors.

AUDIT, REVIEW, AND COMPILATION

Offer auditing, review, and compilation services to our clients in the private and non-profit sectors. Our reports are supplemented with specific recommendations for

strengthening management procedures and improving operating results.

Our procedures closely follow the standards of the American Institute of Certified Public Accounts (AICPA) and the Financial Accounting Standards Board (FASB).

AUDIT, REVIEW, AND COMPILATION

Offer auditing, review, and compilation services to our clients in the private and non-profit sectors. Our reports are supplemented with specific recommendations for

strengthening management procedures and improving operating results.

Our procedures closely follow the standards of the American Institute of Certified Public

Accounts (AICPA) and the Financial Accounting Standards Board (FASB).

INDIVIDUAL TAX PLANNING AND PREPARATION

PERSONAL FINANCIAL PLANNING

Creating Financial Freedom!

Building and preserving your personal wealth requires specialized attention. You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your 

wealth.

WE HELP YOU...

1. Save enough for a comfortable retirement by identifying your retirement needs, analyzing your assets and sources of retirement income, reviewing estimated shortfalls, and identifying the best ways to save for retirement given your financial situation and risk tolerance.
2. Pay for your child's college education by accurately estimating the amount of money you'll need, analyzing your assets, reviewing estimated shortfalls and considering general alternatives and strategies to help address these potential shortfalls, and developing an optimal savings plan given your financial situation and risk tolerance.
3. Protect your family in case you become disabled by ensuring you have enough money in your emergency fund and analyzing your life, disability, health, home, and auto insurance coverage. We also review your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and can't manage them yourself.
4. Achieve your investment goals by identifying the steps needed to maximize your investment returns as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.
5. Leave a legacy for your heirs by maximizing the value of your estate by saving tax dollars, professional fees, and court costs. As well as minimizing the costs of probate, creditors, lawyers, and estate taxes, which can negatively impact the value of your estate. 

We also help you stay in control of your affairs by providing a road map for passing your estate on to your heirs.

NON-PROFIT ORGANIZATIONS

We can help you set up 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 and its relations, which includes the following items.

1. Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
2. Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
3. Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
4. Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
5. Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.

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

Here's what we do for you...

• Review and compile your financial statements
• Design, install and maintain your Accounting System
• Weekly, bi-weekly, or monthly payroll preparation
• Payroll Tax Preparation and Deposits
• Provide training for your accounting personnel Complete and file your non-profit status application
• Provide training for your board on non-profit financial statement usage and effective budgeting practices
• Prepare and file the 990 and 990T tax forms
• Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
• Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

MORE OF NON-PROFIT ORGANIZATIONS ...