Small Business Accounting

We’re accountants and we enjoy crunching numbers, but chances are good that as a small business owner, you don’t. In fact, you probably started your business because you had a great product or service to offer and not because you were excited about cash flow analysis, profit and loss statements, budget forecasting, and strategic tax planning. That’s why we’re here.

When you use our team of experienced tax and accounting professionals, you get all of the benefits of hiring an experienced financial executive without the added expense.

Whether we meet with you monthly, quarterly, or once a year, we help you take financial control of your business, enabling you to focus on your core business tasks and make informed decisions about your financial future.

What we do for you:

• Generate reports and analyze financial data
• Evaluate cash flow and improve profitability
• Prepare budgets
• Strategic tax planning and financial forecasting
• Accounting systems set-up, Chart of Accounts, and General Ledger
• Internal controls for fraud prevention
• Quarterly, monthly, and annual financial statements
• Use and sales tax processing
• Profit statements and balance sheets
• Custom financial reports
• Business tax returns
• Outsourced CFO services
• 
  

As your trusted financial advisor, our job is to help you succeed. If you’re ready to take your business to the next level, improve cash flow, increase the profitability of your company, and focus on growing your business, we are here for you.

Contact us today using the form below if you have any questions. We're happy to help!

Accurate bookkeeping is essential to your company’s long-term viability. Experienced, affordable, and reliable, we serve a variety of industries and clients from self-employed home-based business owners to small and medium-sized businesses with employees. When you outsource your bookkeeping services to us you get one on one personalized service and state-of-the-art technology and payroll software.

If you’re just starting a business, we’ll set up reporting and recordkeeping systems that make it easy for you to keep track of where your money is going. If you’ve been in business for a while, but need help cleaning up your books, we’ll work with you to streamline your bookkeeping systems and set up a system of checks and balances.

But the best reason to use our bookkeeping services? You’ll have more time to focus on running your business and generating more profits.

• Accounts payable (entry, bill paying)
• Accounts receivable (entry, invoicing, deposits, collection)
• Bank Reconciliations
• Inventory management
• Bookkeeping clean up
• General ledger
• Tax forms (1099s, 1096)
• Payroll processing
• Outsourced bookkeeping
• 
  

Call today and let us put our bookkeeping services to work for you!

On average, small business owners spend eight hours per month on payroll-related tasks. While it may not seem like a lot of time, it does add up--and it takes time away from running your business.

If you own a small to medium-sized business with more than a few employees, you already know that payroll is complicated. It seems like every year a new piece of federal, state, or local legislation related to payroll is passed that you need to comply with.

If you’re just starting out, you may only have a few employees to worry about. You might be able to handle payroll on your own, but wouldn’t your time be better spent on developing new products or services for your business?  

When you outsource your payroll responsibilities to us you get a dedicated payroll specialist who works with you throughout the entire payroll process. There’s no need for you to hire an in-house specialist or maintain a payroll system. We also stay on top of legislation affecting payroll compliance, so you don’t need to.

Here’s what we do for you:

• Direct Deposit and Electronic Fund Transfer (EFT)
• Payroll checks printing
• Payroll tax compliance, e-filing, tax payments
• Payroll reporting by employee or department
• W-2, W-3, and 1099 processing
• User-friendly, and easy-to-understand monthly, quarterly, and annual payroll tax reports
• Payment of third-party  withholdings such as insurance
• 
  

If dealing with payroll leaves you stressed out and overwhelmed; we can help.

Give us a call today or submit the form below.

Businesses of all sizes benefit from hiring a Chief Financial Officer (CFO) or controller. But many small business owners worry that they can’t afford it. Maybe you’ve been trying to take care of your business financials in your spare time (or ignoring them altogether), but quickly realized it’s a losing battle because unless you’re an accounting professional yourself, your expertise lies elsewhere.

Fortunately, there is a cost-effective solution: part-time, outsourced CFO services.

When you take advantage of our outsourced CFO services, you get a dedicated, experienced financial professional who helps you make the tough business decisions you need to guide your business to future success.

You’ll also have a better understanding of the financial side of your business based on hard numbers. No more guessing about whether you’ll qualify for that loan to buy more equipment or wondering why you’re always short of cash.

When you use our CFO services, here’s what we do for you: 

• Prepare monthly, quarterly, or annual financial statements
• Financial forecasting
• Accounts payable and receivable
• Provide guidance for increasing cash flow and improving profitability in support of future financial goals
• Strategic tax planning
• Tax compliance (sales use and payroll taxes)
• Set up an accounting system and controls
• 
  

The role of the CFO is crucial to every business no matter what size. Whether you’re a start-up business, have made it to the five-year mark, or are ready to expand, we have the expertise -- and experience -- you need.

Need more information about our CFO Services? Contact us using the form below. You'll be glad you did.

As a business owner, you may be accountable to creditors, private investors, and shareholders, all of whom are interested in ensuring that the company’s financial statements accurately represent the true financial position of the company.

There are three types of CPA-certified financial statements:

Compilations. The first level of service is the compilation. There is no verification that the numbers presented in the statements are accurate and the financial statements produced are for management and third-party use.

Reviews. More involved than a compilation, but not as comprehensive as an audit, reviews provide “limited assurance.” Key personnel are interviewed about the company’s accounting policies and procedures, industry, operations, and financial statements. A review report is issued as well.

Audits. Audit services are the highest level of service provided. We work closely with key personnel to gain knowledge of internal control systems (“checks and balances”). Verification and substantiation procedures are performed in accordance with Generally Accepted Auditing Standards (GAAS).

You may be wondering which one is best for your business. The answer depends on the level of assurance or financial accuracy that you want. For instance, you may decide a compilation is all you need this year, but in subsequent years, you may decide that a review - or even an audit - provides better information about your financials and enables you to make better decisions about the future growth of your company. 

Whether your business or organization needs an audit, compilation, review - or maybe even all three - our experienced team of CPAs, accountants, and tax professionals is here to help.

Not sure which level of assurance your business needs? Contact us using the form below.

If you’re considering our forensic accounting services, there’s probably a reason. You could be a victim of fraud, and we can help you find out if your suspicions are true. 

Consider the following:  

• Do you feel like your business is making plenty of money, but you can barely pay your bills?
• Have you ever had a nagging suspicion that a trusted member of your team has committed fraud, but you can’t prove it?
• Is your soon-to-be ex-spouse claiming there are no matrimonial assets, but you know there are?
• Do you suspect some of your employees are taking kickbacks?
• Have you discovered missing inventory that can’t be accounted for?

Forensic accountants are more than just number crunchers. It takes a unique combination of skill, intuition, perseverance, diligence, and integrity to do what we do and to do it successfully. We’ll help you get to the bottom of complex financial matters no matter how long it takes.

Our forensic services include:

• Quantifying losses due to fraud
• Records examination and reconstruction
• Analyzing bookkeeping and accounting systems
• Investigation of financial reporting irregularities
• Analyzing insurance claims
• Searching for unreported income and assets
• Investigating bribery and kickback schemes
• Identifying weaknesses in your accounting processes
• Developing procedures that enable you to detect -- and deter -- fraud better

If you believe that you’ve been a victim of fraud including embezzlement or any other white-collar crime, we can help.

Call or email a member of our forensic accounting team today to schedule a consultation. You won’t be sorry.

Cash flow refers to the movement of money flowing into and out of a business. Positive cash flow is when you bring in more money than you spend. It is what every business owner strives for because it enables you to pay your liabilities and invest in your business.

Conversely, if you are spending more money than you are bringing in, it is called negative cash flow. While there will be times when every business experiences temporary periods of negative cash flow, too many months of negative cash flow can - and will - cause a business to fail. 

As tax and accounting professionals for small and medium-sized businesses, our expertise lies in helping business owners manage their cash flow better with the goal of increased profitability.

Here’s what we do for you: 

• Develop short and long-term cash projections
• Analyze prior years cash flow statements to help you understand where the money goes
• Prepare monthly, quarterly, and annual cash flow statements
• Provide you with tools to accelerate the collection process
• Develop updated billing  and payment policies
• Assist with obtaining a line of credit
• Help you get the maximum rate of return on surplus cash
• 
  

If your business is suffering because you operate in cash crisis mode more often than not, give us a call today.

The US Department of the Treasury has invested more than $3.9 billion in community banks across 47 states and the District of Columbia as part of the Small Business Lending Fund. Despite the availability of these funds, however, many small business owners have discovered the hard way that securing bank financing is not an easy task. If you’ve tried - and been unsuccessful at - obtaining bank financing for your small business without the help of a trusted advisor like us, you may be wondering where you went wrong.

Banks are not in the business of handing out money to everyone who asks. When you apply for a loan, they are evaluating your ability to pay back that loan by examining a number of factors. Whether you need money for startup costs or expanding your business, understanding what a bank wants and how to prepare for it can mean the difference between securing the financing you need or having to scrape together cash from other sources. 

The first step we take is to make sure we understand your business and what you are trying to achieve. Next, we take a look at financial performance and projections and identify potential sources for financing. 

The final step is to work with you to prepare a successful business loan proposal that includes the following services:

• Executive summary
• Pro forma cash budgets
• Business financial statements
• Owner’s personal financial statements
• Lender introductions
• Representation

Obtaining bank financing for your small business is a major decision, but if you’re ready to take the next step, we are here to help you achieve your goal.

Call today or fill out the contact form below to speak with an experienced Accounting firm you can trust. You’ll be glad you did!

Many business owners have no idea what their business is worth; some may underestimate whereas others overestimate - sometimes significantly. Obtaining a third-party business valuation allows business owners to set a price that is realistic, yet still, achieves maximum value.

There are many reasons a business owner might want to obtain a business valuation:

• Selling a business
• Obtaining seed money from investors
• Annual or quarterly reports to investors
• Divorce proceedings
• Estate, gift, and trust planning
• Shareholder disputes
• Litigation support for bankruptcy, fraud, and business disputes
• Mergers and acquisitions

Highly trained and experienced, when we conduct a business evaluation here’s what you can expect: 

• Use of recognized and generally accepted methodologies to determine the value of your business assets- both tangible and intangible.
• A detailed report that discusses methodologies, analyses, and conclusions for your specific needs.
• An assessment of your business financials including financial history and future predictions.
• A thorough examination of operational, management, and marketing issues.
• An evaluation of every possible factor - internal and external - that could affect the valuation analysis.

Business valuation is a complex process, incorporating specialized knowledge about accounting, finance, economics, and taxation as well as business principles.

If you have any questions or would like more information about our business valuation services, please give us a call or contact us using the form below. You’ll be glad you did.

In today’s fast-paced, competitive world, many businesses face unprecedented challenges.

Maybe yours does too. If you agree, then chances are you’re spending more and more time on human resource issues, payroll tax compliance, and sales and use tax than you are on revenue-generating opportunities and planning for future growth.

With years of proven expertise in business planning, we make sure that business owners like you have the information - and insights - they need to remain competitive and ensure financial stability for you and your loved ones for years to come.

We combine industry experience with time-tested solutions to develop a framework upon which to build your company’s success. Even better, when you leave the business planning to us, you can get back to doing what you enjoy and do best--running your business.

Our business planning and advisory services include:

• Planning for strategic growth
• Performance metrics
• Review and evaluation of internal controls
• SAS 112 compliance
• Business valuations and due diligence
• Budget and cash flow analysis and management
• Business entity selection and restructuring
• Financial projections and forecasts
• Assistance with debt and financing
• Business expansion and acquisition analysis
• Evaluation and implementation of accounting software

It’s more important than ever to have a trusted business advisor like us by your side to help you plan for the future success of your business. If you’re ready to turn today’s challenges into tomorrow’s opportunities, don’t wait a minute longer to contact us. 

To find out how we can help your business succeed submit the form below or give us a call. What have you got to lose?

The goal of business financial planning at any company is to advise company decision-makers on how to achieve revenue and growth goals through strategic planning. We do this by analyzing, synthesizing, and translating data and using this information to help the CEO, CFO, COO, and other C-suite management make better decisions about your company’s future.

If you've been in business for a while, you could be coasting along, stuck in the routine of payroll, taxes, and worrying about cash flow. Sure, you're probably earning a good living, but maybe you’ve been wondering if there's any way you could become even more profitable--without making too many changes to your business practices.

The good news is that you can, and we are here to help you do just that.

If you run a successful business, you already understand how important it is to work with an accounting firm that understands how your company operates. What you might not realize is that when you add an accountant with expertise in financial planning and analysis to the team it allows you to take your business to another level.

Here’s what we do for you:

• Financial reporting and analysis
• Identify company-wide trends and variations in your business financials
• Use historical performance data to forecast future performance
• Profitability analysis
• Develop and maintain strategic plans in support of growth
• Business modeling
• Budgeting and financial forecasting
• Sales, marketing, and economic analysis
• Company performance management (developing key performance metrics and benchmarking)

If you're ready to take the next step and regain your competitive edge, we can help.

Simply fill out the contact form below and one of our financial analysts will be in touch soon.

Developing and implementing a well-designed succession plan is essential to the survival of any family business. Yet, while eighty-five percent of family-owned firms have identified a family member as a successor, just one in eight has a succession plan in place.

Are you one of them?

If you already have a succession plan in place, then you’re already on your way to a secure financial future, but if you don’t, we are here to help.

As trusted advisors, we assist business owners in securing financial independence by structuring their businesses in a way that promotes long-term success and stability. We work with business owners and their families to develop plans for transferring business ownership to the next generation or to new leadership.

If you decide to sell, we work with you to identify the financial strengths and weaknesses of your business and develop a plan to maximize its value in preparation for sale. If you decide to keep the business in the family, we work with you to prepare your successor to take over the business or identify one if you haven’t already done so.

Succession planning services include:

• Assist with the internal transfer to a family member
• Identify a potential buyer(s)
• Business valuations in preparation for sale
• Buy and sell agreements
• Estate and trust tax planning
• Gift tax planning
• Retirement planning and tax projections
• Business restructuring

If you need assistance figuring out which exit strategy is best for you and your business, simply fill out the contact form below or give us a call right now.

The decision to start a new business is an exciting one, but as every experienced business owner knows, there’s more to it than developing a product and hoping it sells. As an entrepreneur, you’re probably a "big picture" person with a vision. You'd rather not deal with nitty-gritty details like choosing a business entity, sales and payroll tax, or accounting systems that help you manage cash flow. The good news is that we're here to help you figure it out.

• Determine which business entity best meets your goals and minimizes tax liability
• Partnership agreements
• Prepare a cash flow budget
• Create a business plan to help you secure financing (if needed)
• Set up an accounting system using software that works for you
• Create billing systems and implement policies and procedures for collections
• Make sure you are compliant with state, local, and federal tax laws such as sales and use tax, payroll tax, and Federal EIN (Employer Identification Number)
• Prepare annual tax returns and quarterly estimated taxes as needed
• Assist you in filing paperwork for state and local licenses and permits as required
• Assess your business insurance needs

The keys to a successful - and profitable - business are meticulous planning and a methodical approach to running your business. Failing to do this in the initial stages of business formation is often a recipe for disaster, and it's the reason most businesses fail. Don’t let it happen to you.

Say "yes" to making your dream come true. If you're ready to become your own boss and get your new business off to an excellent start, call us today or fill out the form below.

As a nonprofit organization, you face unique challenges that for-profit businesses don’t, such as the annual submission of Form 990, compliance with (OMB) Circular A-133 requirements or paying taxes on unrelated business income. That’s why it pays to have a dedicated team of tax and accounting professionals who specialize in nonprofit accounting and tax compliance on your side.

Using state-of-the-art technology designed for nonprofits, as well as effective communication and proactive tax planning techniques, we make sure that every financial decision you undertake complies with your organization’s bylaws, maximizes your existing funding sources, and reduces costs. Whether you’re an established nonprofit organization, association, foundation, charity, or other service organization or are just getting started turning your idea into reality, we can help.

Here’s what else we do for you:

• Conduct annual audits
• Prepare quarterly and annual financial statements
• Prepare reviewed or compiled financial statements
• Submit annual Forms 990 and 990-T
• Prepare supporting  documents (income, program and functional expenses, balance sheets, revenue support schedules)
• Comply with state laws affecting nonprofits
• Apply for tax-exempt status under (Section 501(c)(3) - including filing Form 1023

If you’re ready to take your nonprofit to the next level, fill out the contact form today to get started. What do you have to lose?

Every business faces risk, but with an effective system of internal control measures in place, that risk is mitigated. This is not a task that is easily accomplished in-house, however, because as a business owner, your focus is running your business, managing employees, and turning a profit. 

As trained professionals, we have assisted many business owners in creating effective internal control systems to prevent employee fraud, ensure compliance with regulations, and make sure company policies and procedures are in place so that your business operations are effective and efficient. We work with your business to identify and document weaknesses with existing internal controls, then perform procedures to test whether the current internal controls you have in place are effective. Finally, we offer recommendations in a report of findings that can be used to strengthen your internal control systems, and that reflect the needs of a particular business.  

What we do for you:

• Recommend segregation of duties for implementation by dividing responsibilities so that no single person has control over all aspects of financial transactions.
• Make sure transactions are authorized by delegating approval authority to an individual only when the transactions are consistent with policy and funds are available.
• Ensure records are routinely reviewed and reconciled by someone other than the preparer or transactor.
• Ensure that equipment, inventories, cash, and other property are accounted for. 
• Physically secure, periodically count, and compared with item descriptions shown on control records.
• Provide employees with appropriate training and guidance to carry out their job duties.
• Set up proper channels for reporting suspected improprieties.
• Document policies and procedures and make them accessible to employees.
• Review operations to determine whether the results are consistent with established objectives and goals and carried out as planned.

If you suspect employee fraud or are concerned about your business risk, then maybe it’s time to review and update your internal control systems.

Contact us today using the form below and find out how we can help your business mitigate risk.

Many legal disputes involve financial matters and they often require analyzing complex financial, accounting, and tax information. Even if you’ve hired an attorney to represent you, you will still need litigation support regarding financial matters. If you’re not sure where to turn, we can help.

When you hire us, you get seasoned professionals with extensive litigation and courtroom experience. We work with your legal team to provide assistance with discovery and witness questioning, analysis of existing financial data, preparation of detailed financial reports and reviewing financial reports from the opposing party.

Specializing in matrimonial disputes including alimony and child support, as well as business valuations, property transfers, and pension valuations we have helped many clients and their legal counsel achieve favorable outcomes in court.

• Forensic Accounting
• Fraud investigation
• Economic damage calculations
• Employment discrimination
• Dispute resolutions (family law, estates, and trusts, business partnerships)
• Business valuation
• Business succession
• Inventory valuation
• Lost profit settlements
• Insurance claims
• Business entity structuring
• Purchase or sale agreements
• Shareholder disputes
• Expert testimony
• Report review and preparation

We focus on results and are here to help throughout the entire litigation process from discovery to damage assessments, deposition, and if needed, expert testimony.

If you’re feeling overwhelmed by complex financial matters during a legal dispute, we can help. Don't hesitate to call the office or if you prefer, simply fill out the contact form below.