It's important to keep your business's books in order. During your tax planning sessions, you'll review these concepts:
These tasks form the solid foundation of your small business accounting system.
It's important to reconcil your business checking account each month; this keeps your bank account, accounting, and taxes up-to-date.
Reconciling your account each month allows you to...
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you...
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
During your tax planning and tax maintenaince sessions, we review your general ledger system. This allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.
We strive to work with clients for whom we can find real tax savings. Our offer is to provide you with a Tax Discovery Session to identify mistakes and missed opportunities in your tax preparation that are costing you thousands.
For $250 we will analyze your last filed tax return, and if you decide to continue with us, this amount will be applied to your first invoice. If we can't identify a way to save you money, we will donate $200 to your favorite charity.
Please fill out this form to get started. We look forward to working with you to reduce your taxes, save cash, grow your wealth, build your business and achieve your dreams.