Tailored Business Solutions for Optimum Results
SERVICES
BOOKKEEPING
Bookkeeping is the practice of systematically recording, classifying and summarizing financial transactions relating to a business. This involves documenting accounting data related to sales, purchases, payroll, taxes, expenses and other business transactions in a company's books. The primary purpose of bookkeeping is to track money coming into and going out of a business and in order to produce reports on the business' financial position including assets and liabilities.
FINANCIAL STATEMENT PREPARATION
Financial statement prep is the process companies go through to put together reports that track their financial performance over a set period of time. There are key statements prepared that give the money lowdown - they include income statement and balance sheet.
The income statement sums up everything a company earned and spent to show whether they're operating in the black or red. The balance sheet is like a financial snapshot in time, listing everything the company owns and owes to show what's left over for owners.
Preparing standardized financials following accounting guidelines means the statements provide reliable info year after year to owners, investors and anyone else wanting an inside look at the dollars and cents of how well a company is doing.
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GENERAL BUSINESS CONSULTING AND ADVISORY
General business consulting and advisory services for a small business tax client typically involves providing advice and guidance across a wide range of areas to help them effectively operate, manage, and grow their business. Some of the key things it may include:
Providing guidance on regulatory and legal compliance issues like licenses, permits, labor laws etc.
Advising on business entity structure and ensuring they have the right corporate structure in place
Analyzing their tax situation and identifying potential tax savings opportunities and strategies
The idea is to serve as a strategic thought partner and provide knowledgeable guidance and advice across all areas of operating a successful small business. The goal is to help identify ways to be more profitable, efficient, and positioned for sustainable long-term growth.
CLIENT "CHECK-IN"
A client "check-in" refers to a scheduled touchpoint or meeting with a client to connect, open a dialogue, assess the current state of affairs, and discuss any outstanding items or emerging needs.
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The intention is to "check-in" on client health rather than only being reactive. It allows for you to course correct, provide proactive support, and deepen alignment through an open two-way dialogue rooted in understanding the client's current mindset and emerging needs. Regular check-ins lead to greater client retention over the long-term.
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PAYROLL PROCESSING AND FILING
Payroll processing and filing refers to all of the tasks involved in:
Calculating employee pay - Using information on hours worked, pay rates, deductions, withholdings, etc. to calculate each employee's gross and net pay for each pay period.
Processing payroll payments - Disbursing net pay to employees on scheduled pay dates, whether via check, direct deposit, etc. Processing and paying all required payroll withholdings and taxes to appropriate entities.
Performing payroll reporting and filing - Generating and distributing pay stubs with appropriate payroll information to employees each period. Preparing and filing required recurring payroll tax forms and returns like payroll tax withholding payments, quarterly forms 941, and yearly W-2s and 1099s.
Maintaining payroll records and accounts - Carefully recording all payroll transactions, maintaining employee records, leave and attendance tracking, storing all filings and tax records usually for a minimum period based on regulations.
It is handled as an entire process to accurately calculate worker pay, correctly withhold and remit payroll taxes, disburse net employee earnings, distribute earnings statements, and file all required payroll forms and returns, while keeping diligent records of the transactions involved in this key employer responsibility. Proper payroll handling ensures compliance for both the business and its workers.
ANNUAL TAX PREPARATION & TAX PLANNING
Annual Tax Preparation & Tax Planning refers to the process and set of services involved in helping a client prepare their annual income tax returns while also getting ahead of the curve on tax planning for the current and future years.
Specifically, it typically includes:
Tax Preparation Activities:
Gathering all information related to income, deductions, expenses, life changes affecting filing status, etc.
Using the latest tax codes and forms to prepare federal and state tax returns
Taking advantage of any tax credits or deductions the client is eligible for
Determining the right filing status based on the client’s personal situation
Completing and submitting all annual tax forms before each year's tax deadline
Tax Planning Activities:
Projecting the client's tax position and liabilities for the current year to determine estimated payments needed
Discussing any major changes to current or following year tax situations for proper planning
Advising on actions the client can take pre-year-end to legally minimize tax liabilities
Informing clients of upcoming tax code changes and strategies to utilize or adjustments that need to be made
Consulting on tax considerations around major financial decisions - investments, retirement plans, home purchases, college savings, estate planning etc.
The goal is to not only handle compliance via accurate annual tax filing but also provide consultation to optimize a client's current and ongoing tax positions.
QUICKBOOKS SUBSCRIPTION MANAGEMENT
As your ongoing Quickbooks advisor, I have secured for you a lifetime discounted subscription rate through a wholesale partnership to minimize your long-term costs.
My comprehensive subscription management spans:
Selecting the optimal features and user count as you scale
Ensuring a reimbursed, uninterrupted subscription via lifetime discounted rate
Upgrading capabilities as your needs evolve
Installing regular QBO enhancements customized per your workflows
Troubleshooting and optimizing performance to maximize value
Being your single point of contact for subscription-related issues
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