Tax Planning and Reporting
Strategic Federal and State income tax planning and consulting for Individuals (Form 1040), Partnerships (Form 1065), S Corporations (Form 1120S), Corporations (Form 1120), and Trusts (Form 1041) including income tax; quarterly estimated taxes; payroll and withholding taxes; credits; sales tax; state entity selection, registrations, and annual reporting; and dealing with the IRS.
Accounting for Income Taxes ASC 740
Accounting for income taxes under Generally Accepted Accounting Practices (GAAP) calculates how companies recognize, measure, and disclose income taxes in financial statements. Corporations that require an audit for bank financing or other purposes must report these calculations in their financial statements under specific rules issued by the Financial Accounting Standards Board (FASB).
Accounting and CFO Services
Outsourced Controller services include bank and account reconciliations, annual (or more frequent) closing adjusting entries, A/R and A/P Management, review of transactions to facilitate tax planning and reporting, and assistance with custom QBO setup. CFO Service includes assistance with budgeting, custom presentation and review of Key Performance Indicators and consulting on strategies to improve operations to maximize the growth and earnings of the business. CFO Service also includes cash flow and working capital management, strategic partnerships and acquisitions and succession planning.
Research
Analysis of statutes, regulations, pronouncements, cases, explanations, and commentary for the research of complex tax issues. Conclusions can include settled and unsettled questions on issues, common errors and traps and includes references to source material for support. Research questions can also be translated into presentation slides and videos for the training of how to address a particular issue.