Accounting and bookkeeping are the cornerstones of financial health. Accounting is the system of recording, analyzing, summarizing, and reporting financial transactions. This creates a clear picture of your business’s financial performance and position. Bookkeeping focuses on the day-to-day process of entering data into the accounting system, like sales, expenses, and payroll.

By combining these, business owners and management gain valuable insights to make informed business decisions, track investments, and ensure tax compliance. In short, accounting and bookkeeping help you understand your money and make smart financial decisions.

Individual income taxes apply to money earned from wages, salaries, investments, self-employment, and other sources of income. The goal is to minimize your tax burden by legitimately maximizing your deductions and credits to reduce your tax liability.

Business income taxes depend on your business structure. Sole proprietorships report business profit or loss on their personal tax return. Subchapter C Corporations pay taxes on their net income before distributing profits to owners. Businesses aim to maximize profit while complying with tax regulations. This often involves strategies like depreciation deductions and maximizing business expenses.

Tax resolution services help clients navigate complex tax problems and disputes with the IRS. We can negotiate settlements and minimize tax liabilities.

Financial statement audits examine a company’s financial records to provide assurance that management has presented a ‘true and fair’ view of a company’s financial performance and position. This helps build trust with investors and lenders.

We also offer other services such as consulting and forensic accounting. Consulting services advise businesses on accounting practices and financial decision-making. Forensic accounting investigates financial crimes and helps with fraud prevention.