Our Services

Business Formation

Forming a business involves taking the necessary steps to legally establish and register a new business entity. The process of forming a business can vary depending on the type of business entity being formed, as well as the laws and regulations in the jurisdiction where the business will be operating.

  • Help our clients decide on the type of business structure that best suits your business, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation.

  • Obtain any necessary licenses and permits: Obtain any necessary licenses and permits required to operate your business, such as a business license, sales tax permit, and do our research for industry-specific licenses.

  • File the necessary paperwork with the state government to legally establish your business, such as articles of incorporation or a certificate of formation.

  • Create an Operating Agreement or bylaws

  • Obtain an Employer Identification Number (EIN): Apply for an EIN from the IRS.

  • Register for state taxes: Register for state taxes, such as sales tax and payroll taxes.

  • It's important to note that the specific steps and requirements for forming a business can vary depending on the type of business, the state in which the business is located, and locality.

Bookkeeping Services

Bookkeeping services are important for small and medium-sized businesses because it helps business owners to keep track of their financial transactions, and make informed decisions. Our office provides these services using QuickBooks online. Schedule a consultation to discuss your companies needs. Below are the procedures for this service.

  • Recording financial transactions: Recording all financial transactions that occur in a business, such as sales, purchases, and expenses.

  • Maintaining financial records: Keeping accurate and up-to-date records of all financial transactions, including invoices, receipts, and bank statements.

  • Reconciling bank statements: Comparing bank statements to the business's records to ensure that all transactions are accounted for and that there are no discrepancies.

  • Generating financial reports: Creating reports, such as profit and loss statements and balance sheets, which provide a clear picture of the financial health of the business.

Tax Planning and Business Consultations

Tax planning is an ongoing process that should be reviewed and updated regularly to ensure that businesses and individuals are taking advantage of all available tax benefits, and minimize their tax liability. Schedule a free consultation to see if this is something that you or your business should consider.

Tax planning involves:

  • Reviewing financial statements: Analyzing financial statements to identify potential tax savings and ensure compliance with tax laws.

  • Identifying tax-saving opportunities: Advising businesses and individuals on ways to minimize their tax liability by taking advantage of deductions, credits, and other tax-saving strategies.

  • Planning for the future: Projecting future income and expenses to help businesses and individuals plan for taxes in the future.

  • Reviewing new tax laws: Keeping up-to-date with new tax laws and regulations and advising businesses and individuals on how they may be affected.

Estate Planning

Estate tax planning is the process of minimizing the amount of taxes owed on the transfer of assets from one generation to another upon death. The goal of estate tax planning is to preserve as much of the estate's value as possible for the beneficiaries, by taking advantage of deductions, credits, and other tax-saving strategies.

Estate tax planning involves:

  • Reviewing the estate: Analyzing the value and composition of the estate, including real estate, investments, and other assets, to identify potential tax savings.

  • Identifying tax-saving opportunities: Advising on ways to minimize the tax liability on the estate by taking advantage of deductions, credits, and other tax-saving strategies.

  • Gifting assets: Making gifts of assets to beneficiaries during the individual's lifetime to reduce the size of the estate and, therefore, the amount of taxes owed.

  • Reviewing new tax laws: Keeping up-to-date with new tax laws and regulations and advising on how they may be affected.

Income Tax Preparation Individual and Business

Income tax preparation will vary between filers and business. Our firm uses a client portal where we will request documents and ask questions for the preparation process.

  • Gather necessary documents: Collect all relevant financial documents, such as W-2s, 1099s, and other forms that report income and deductions.

  • Organize the information: Organize the financial information in a manner that is easy to understand and in compliance with the tax laws and regulations.

  • Determine eligibility for deductions and credits: Identify deductions and credits for which the individual or business may be eligible, such as home office expenses, charitable contributions, and education expenses.

  • Calculate the tax liability: Use the financial information and deductions and credits to calculate the total tax liability.

  • File the tax return: Prepare and file the necessary tax return forms, such as the 1040 for individuals or the 1120 for corporations, with the IRS and/or state tax authorities.

Business Planning

Business planning is the process of creating a strategic plan for a business, outlining its goals, objectives, strategies, and tactics. It involves analyzing the current business environment, identifying opportunities and threats, and developing a plan for achieving the business's goals and objectives.

Business planning includes:

  • Create a financial plan: Develop financial projections, including income statements, balance sheets, and cash flow statements, to help guide decision making and measure performance.

  • Create an organizational structure: Establish a clear organizational structure, including roles and responsibilities for team members.

  • Identify and mitigate risk: Identify and evaluate potential risks to the business and develop strategies to mitigate them.