Business Solutions

BUSINESS ENTITY SELECTION

Confused about whether you should be operating as a sole proprietor, LLC, partnership, or corporation. Furthermore, what type of LLC? What type of partnership? What type of corporation?
‍
These are legitimate and mind numbing questions. Luckily, we can help you go through your situation in detail and help you decide which entity is best for you. In most cases, we will also be able to help you get your entity created.
‍
Once your entity choice is made and created, we won’t leave you there. We will let you know how to properly maintain your entity. We will let you know of who to inform that you have a new entity; such as your bank and insurance company. We will walk you through the process from beginning to end and make sure you are started correctly.
‍
We provide this service not only to new ventures, but existing ventures also that are either growing or winding down and would like to inquire about a more tax advantageous business entity choice.

BOOKKEEPING

Why do you need to keep a set of books?

Every business owner needs to know how their money is being spent. More importantly, you need to know what products and/or services are generating the most profits and which one’s are costing you money. Know what is going on now so you can plan for the future.

Reconcile Bank and Credit Accounts

Identify lost checks, lost deposits, and unauthorized transactions

Detect and prevent excess/unjustified bank charges
Ensure transactions are posted correctly by your bank
Detect and prevent embezzlement of funds

Profit & Loss Income Statement

Track income & expenses so you can determine performance of your company

Determine what areas of your business are profitable
Identify areas that are causing unexpected expenditures
Track dramatic fluctuations in expenditures and/or revenues
Determine your income tax liability

Balance Sheet

Get a picture of your financial assets and liabilities
Identify trends in receivables and payables
Determine if your business is ready to expand
Determine if you need to take steps to increase cash reserves

Payroll

Paying employees and staying current on weekly, monthly, quarterly, and annual payroll reports can be a terrifying task for the small business owner. We are here to help!

We complete all your federal and state payroll filings for you.

Quarterly and Year-End filings: 941, 940, W-2, W-3, TWC Reports
Payroll tax deposits

We provide:

Direct deposit
Payments to independent contractors
Wage garnishments
Vacation and sick pay tracking
Pay types: salary, hourly, multiple pay rates, bonus, tips, expense reimbursement, allowances, and more
Voluntary deductions: taxable and pre-tax premiums for medical, dental, and vision, retirement plans, flexible spending accounts, dependent care, cash advance, and more

GENERAL LEDGER CLEAN UP & REVIEW

Already keep your own books and just need us to look it over for
tax purposes. Not a problem, we can help there also.
‍
The general ledger is the core of your company’s financial
records. All transactions of your business flow through the
general ledger. A problem with your general ledger throws off all
of your books.
‍
Having us review your general ledger on a monthly basis helps
you hunt down any discrepancies such as double billings or
unrecorded payments. Then, we can fix these discrepancies to
make sure your books are always accurate.