Services for Your Business

• Tax Preparation & Planning • Sales Tax • Accounting • Audit Representation • New Business Setup

• Payroll Services • QuickBooks Setup & Training • Financial Statements • Incorporations

We work with you. We carefully listen to you. We then provide solutions for your business. We have many years of experience, depth of knowledge, and contacts and resources to offer and deliver the services you may need in a professional, timely, and cost-efficient manner.

Tax Preparation & Planning

• Corporate Income Tax Preparation
• Partnership Tax Preparation
• Limited Liability Company Tax Preparation
• Sole-proprietorship Tax Preparation

We work with, and advise, you throughout the year to minimize your tax liability.

We monitor the federal, state, and local tax law changes to minimize your current and future tax liability.

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Payroll Services

• Instruction for Your In-House Payroll Preparation, or
• Payroll & Taxes (Weekly, Monthly, Quarterly, Annually) by us, including payroll tax audit representation.

According to the IRS, a businessman with up to 20 employees spends eight to ten hours a month just processing the payroll. In addition, over a third are penalized for not complying with the complicated tax regulations.

Most businesses do not deserve these penalties which can include:

• Failure to file • Failure to pay • Late payment

• Late filing • Underpaying

*And then there's the interest, and the interest upon interest!
But . . . here is help at a reasonable price:
We charge $1/week/person ($10/week min) and what do you receive?

INCOME ITEMS:

Payroll Check, Voucher, Direct Deposit	Included
Commission Check or voucher	Included
Any Period (weekly, bi-weekly, etc)	Included
Special Payment Itemized:
Vacations, O/T, Holiday, Meals	Included

DEDUCTIONS:

All Required Taxes	Included
Extra Withholding Tax	Included
401(k) and Other Deductions	Included
Garnishments Included	Included

REPORTS:

Summary of Wages	Included
Summary of Deductions	Included
Quarterly Summaries	Included
All Payroll Tax Reports Either Delivered to Your
Office, or Filed By Us	Included
Annual W-2s, W-3s, 1096s, 1099s	Included

ALSO:

We’ll Submit Your Tax Payment Electronically	Included
Or, we’ll tell you what you need to pay and
Prepare your Federal and State/Local coupons	Included
Further, we can accrue vacation & sick time	Included

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Sales Tax Preparation

• Sales Tax Reports (Monthly, Quarterly, Annually)
• Full Audit Representation.

Isn’t your time more valuable than worrying about sales and use tax compliance? We can handle this task for you. We’ll set up a workable program and have your staff prepare and complete as much as you would like. Then, we’ll check and recheck the information, prepare the proper paperwork, and file it with the sales tax authorities.

In addition, we’ll handle all correspondence.

We are a full service firm.

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QuickBooks Setup & Training

Joseph S. Reisman is a Certified QuickBooks Pro Advisor. All PC versions of QuickBooks are supported. In addition, we can help you decide which QuickBooks is right for you. We can set up your books including your chart of accounts, receivables, payables, financial statements, and more, and show you the best way to secure your data. We’ll act as your back office, or train your staff.

Our support is timely, and includes telephone, email, instant messaging, and remote access.

Further, we’ll set up your chart of accounts to correctly report your income and expenses, and show you some tricks and tools to make your bookkeeping less of chore.

Can we help you with your accounting and bookkeeping? Can we help you and your business, taxwise and otherwise? Yes!

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Accounting & Bookkeeping

We are able to act as your back office, and offer accounting and bookkeeping services to keep your company financially correct. We offer full charge bookkeeping services including:
• general ledger preparation
• bank reconciliations
• receivables and payables
• preparation of checks, deposits, and other banking services
• temporary bookkeeping services
• bookkeeping instruction
• payroll instruction

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Financial Statements

• Balance Sheet
• Income Statement
• Statement of Cash Flow
• Notes to Financial Statements

Need professional financial statements for your factor, banker, creditor, or other third party? We can do it. In addition, we routinely provide custom financial reports for internal, managerial use.

Plus:
• Advice on equipment leasing vs. purchasing
• Advice on cash management
• Review of employee benefits, with benefits consultant
• Advice on pension plan, with benefits consultant
• Review of insurance, with insurance consultant

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Audit Representation

Many times, a business audit is much more difficult than the personal income tax audit, especially if you act as your own representative. When dealing with a tax professional, the IRS employee is usually more reasonable. The tax professional generally knows the rules, and is able to keep the IRS agent in check.

It is our job to look after your interests, just as much as it is the job of the IRS agent to look after their interest. We use the tax rules, regulations, and laws to your advantage. We give you that piece of mind that your problem will be solved timely, accurately, and in your best interest.

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Incorporations

Why do you want to go into business? What is your goal? These, and many other questions, need to be explored BEFORE you start. Are you looking for quiet, steady income, or are you shooting to be a Microsoft or IBM? Do you need health insurance, and should the business pay the premiums? Will you have employees? Who is going to support you (and your family) until the business is able? Will you need a bank or other loan to cover start-up expenses?

One type of entity is not for everyone. This is why you need advisors, namely your attorney and your accountant.

As you discuss your ideas, these professionals can advise you as to the best entity choices for liability protection, and much more. Do your bankers or other lenders want to only work with specific entity types? If you have partners, do you need a buy/sell agreement?

An attorney or accountant doesn’t just set up your business entity. These advisors should know your business, your neighborhood, your products, and you, among other issues.

What type of entity should you form?
• Sole Proprietorship
• Partnership
• Limited Partnership
• Corporation – General (C-Corp) or Small Business (S-Corp)
• Limited Liability Company or Partnership

Each has its advantages and disadvantages.

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New Business Setup

A Guide To The Five Most Commonly Used Business Organizations

Let’s answer your questions:
• Which forms and applications must be filed?
• Which is the best year-end for my business?
• Which entity form is best for me, and for the business? What is the significance of each?
• Should income and expenses be reported on the accrual basis or cash basis?
• What is the difference between an employee and an independent contractor?
• Who will perform my bookkeeping?
• How often should employees be paid?
• What kind of insurance is needed?
• Should my equipment be leased or purchased?
• What are my various tax liabilities – sales, payroll, income, trucking, liquor??
• Which licenses do I need?

In General:

• Sole Proprietorships
• Partnerships
• Limited Partnerships
• Corporations – General (C-Corp) or Small Business (S-Corp)
• Limited Liability Companies or Partnerships

Actually, businesses are organized into two groups: those where the profits (or losses) remain within the business, and therefore the business is taxed on its profits, and those where the profits (or losses) are passed-through to the owner or shareholder, who then report their share of the profit (or loss) on their individual tax return.

Each has its advantages and disadvantages.

Taxed at the corporate level:
• Corporations,
• LLCs taxed as corporations (if desired), and
• Non-profit organizations

Taxed at the shareholder level ("Pass-through entities"):
• Schedule C sole proprietors, single-member LLCs,
• S-Corporations,
• Partnerships, and
• LLC/LLP/PLLC/PLLP taxed as partnerships

Sole Proprietorships | Partnerships | Limited Partnerships | Corporations | LLCs

Contact us for help.

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