Accounting and Tax Services

We provide exceptional compliance and planning assistance. Tax services include planning and projections, tax preparation and client advocacy during examinations or collection procedures.

Tax Preparation vs. Tax Planning

Many people assume tax planning is the same as tax preparation but the two are actually quite different. Let’s take a closer look:

What is Tax Preparation?

Tax preparation is the process of preparing and filing a Tax Return. Generally, it is a one-time event that culminates in signing your Return and finding out whether you owe the IRS money or will be receiving a refund.

For most individuals, tax preparation involves one or two trips to your accountant (preferably a CPA), generally around tax time (i.e., between January and April), to hand over any financial documents necessary to prepare your Tax Returns and then to sign them.  We can also handle these visits via video conferencing, an online portal for the exchange of documents, and electronic signature capabilities.   They will also make sure any tax reporting on your Returns comply with federal and state tax laws.  You expect them to be trustworthy, skilled in tax preparation and likewise expect them to accurately file your Tax Returns in a timely fashion.  You can count on our authenticity, confidentiality, experience, dependability, and proactive nature.

What is Tax Planning?

Tax planning is a strategic year-round process (as opposed to a seasonal event), typically performed by a CPA and accounting firm with in-depth experience and knowledge of tax law and is a separate service from tax preparation.  We help our clients align their financial goals with efficient tax planning. Both individuals and business owners can and should take advantage of tax planning services.

Examples of tax planning include bunching expenses to maximize deductions, how to use tax-loss harvesting to offset investment gains, increasing retirement plan contributions to defer income, and best timing for capital expenditures to reap tax benefits.  Good recordkeeping is also an important part of tax planning and makes it easier to pay quarterly estimated taxes, for example, or prepare Tax Returns the following year.

For businesses, planning can help optimize activities such as the timing of revenues and expenditures, identifying the least-cost, after-tax alternatives among competing accounting treatments, and avoiding counterproductive tax-related activities. The result is ensuring our clients pay their legal tax obligations and not a penny more.

If you are in need of tax preparation or are ready to learn more about strategies you can use to reduce your tax bill next year, help is just a phone call away.

When you work with us, you get more than just an accountant – you get a trusted business advisor.

Utilizing an extensive knowledge base of financial and business services, we work with your financial (and non-financial details) to make big-picture recommendations. For your day-to-day operations, we offer services like accurate bookkeeping and general ledger review, helping you maintain meaningful financial and operational information, and perform activities such as internal control assessments to protect your business from within.  For broader decisions affecting your business’ future, we can assist you with planning for your cash flow and financing needs and estimating costs through budgeting and forecasting.

Our clients include individuals, partnerships, not-for-profit entities, small businesses, and larger organization, from startups to more established entities, across a variety of industries. We strive to keep your business ahead of the game by acknowledging the unique situations surrounding each business and by being mindful of the competitive and economic trends that directly impact your business.

Regardless of the type of engagement, the size of your business, or your industry, we will be aligned as your business partner, helping you make informed decisions to protect the legacy you have worked so hard to build.

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities.  Our accounting services steer you closer to these goals.

Our services include, but are not limited to:

•   Bookkeeping (monthly, quarterly, or annual)
•   General Ledger maintenance and preparation
•   Financial statement generation and analysis
•   Reconciliations
•   Accounting system setup and support
•   Accounting assistance and training
•   Financial budgeting and forecasting
•   Cash flow management
•   Cost-containment
•   Controller services
•   Financial Analysis
•   Metrics development
•   Sales and Use Tax filing assistance
•   Tax planning
•   Personal financial statements