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FUNDAMENTAL ACCOUNTING
SAVE ON TAXES
ACCOUNTING 1 ON 1
Individual Accounting Services
We know that managing your personal finances can be a daunting task. We are here to review and advise you on your taxes and other financial services. We will help you reach your individual ideals of financial objectives.
TAX SERVICES
Like any accounting firm, we provide tax services. Our goal is to help you minimize or defer tax liabilities. We offer tax planning and preparation for:
- Individuals
- Estates
- Trusts
- Gifts
- Audit Representation
ADDITIONAL SERVICES
We also offer services to meet any immediate or future financial need:
- Bookkeeping
- Financial Forecasts
- Personal Financial Statements
Find out how we can help you. Contact us today to schedule a consultation.
Business Accounting Services
Business owners want a comfortable experience, knowing that their financial and tax needs are being met by qualified and experienced professionals. If your company needs assistance with Accounting Services, Tax Services, Financial Statements or Consulting Services, we can provide you with the necessary financial information.
ACCOUNTING SERVICES
We are a full-service accounting and business consulting firm designed to meet all of your financial needs.
The primary objective of Accounting Services is to provide a structured presentation of the relevant financial data in a simplified manner to assist in understanding the financial performance of a entity. Accurate, timely, and comparable Financial Statements makes use of key financial data that allows entities to have the necessary tools to make informed decisions.
TAX SERVICES
We provide complete comprehensive tax planning, advice and preparation services to minimize or defer tax liability. Our goal is to provide an in-depth consulting tax service to meet your business needs throughout the year instead of an annual event. We believe that tax strategies should be a proactive event to ensure your business has the most accurate assessment of their tax liabilities. Our firm keeps up to date on new tax laws and legislation to bring you the best, most accurate service possible.
We provide tax planning and return preparation services for:
- Corporations
- Partnerships
- LLCs/LLPs
- Not-for-Profit Organizations
- Taxing Authority Representation
- Buying or Selling a Business
FINANCIAL STATEMENTS
To keep you informed on various areas of your business, we offer three levels of Financial Statements:
- Audits: The objective of an audit is to provide an opinion about whether the financial statements presented conform with generally accepted accounting principles (GAAP). The process involves evaluating a company and assessing their risk.
- Audits of Employee Benefit Plans: Regulations surrounding benefit plan compliance becomes increasingly complex each year. Let us provide the expertise required to manage reporting requirements, changes in plan administration, and governmental regulations.
- Reviews: A review is different than an Audit in that it doesn’t provide an opinion. Instead, a Review is a set of procedures performed to provide limited assurance that we are not aware of any material adjustments that should be made with respect to your financial statements.
- Compilations: A Compilation is information provided by the client from which we use to prepare financial statements.
ADDITIONAL SERVICES
As your accounting firm, we offer a full menu of services to meet the needs for your growing business.
How Will the End of Some Popular Credits and Deductions Affect Your Business?
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over time, will tumble to $25,000 from $500,000, where it’s been for the last four years? These are just a few of the changes that businesses should prepare for this year. While many tax rules are permanent, others are written to expire at some point in the future. Some are extended and given new deadlines, but a significant number of popular “extenders” terminated at the end of 2013, including both business credits and deductions.
How will the end of these and other credits or deductions affect you? And what other tax law changes could have an impact on your company finances? Contact our office to find out the
answers. We can offer the advice and planning recommendations you need to minimize your tax bill and enhance your business’s financial situation.
The End of the Line for Some Popular Credits and Deductions
Did you know that while many tax rules are permanent, others are written to expire at some point in the future? These expiring items are often granted a temporary extension, but a significant number of popular “extenders” terminated at the end of 2013, including both credits and deductions. A number of credits for qualified energy home improvements and appliance purchases will no longer be available, along with the credit against health insurance premiums previously granted to certain taxpayers. Teachers will no longer be able to take the $250 deduction for out of pocket classroom supply purchases, and the deduction for qualified tuition and related expenses is set to disappear.
How will the end of these and other credits or deductions affect you? And what other tax law changes could have an impact on your finances? Contact our office to find out the answers. We can offer the advice and planning recommendations you need to minimize your tax bite and enhance your overall financial situation.
How Will the End of Some Popular Credits and Deductions Affect Your Business?
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over time, will tumble to $25,000 from $500,000, where it’s been for the last four years? These are just a few of the changes that businesses should prepare for this year. While many tax rules are permanent, others are written to expire at some point in the future. Some are extended and given new deadlines, but a significant number of popular “extenders” terminated at the end of 2013, including both business credits and deductions.
Let Us Help You Leverage What You Can Learn from Your Tax Return
What does your tax return say about your financial situation? The fact is, the paperwork you file each year offers excellent information about how you are managing your money—and about areas where it might be wise to make changes in your financial habits. If you have questions about your financial situation, remember that we can help. Our firm is made up of highly qualified and educated professionals who work with clients like you all year long, serving as trusted business advisors. So whether you are concerned about budgeting; saving for college, retirement or another goal; understanding your investments; cutting your tax bite; starting a business; or managing your debt, you can turn to us for objective answers to all your tax and financial questions.