New Business Start Ups

We have assisted several small business owners form their corporations or limited liability companies.

First, the right entity type for your business must be chosen. We thoroughly explain the differences between S corporations, C corporations and limited liability companies. The tax advantages of each entity are examined.

After the best entity type for the business has been chosen, we offer a complete incorporation or limited liability formation service to include:
• Filing of the articles of incorporation.
• Filing of the limited liability company's operating agreement.
• Delivery of the corporate kit to include seal, stock certificates, by laws, corporate resolutions and other useful forms.
• Obtainment of employer identification number, S corporation election, sales tax certificate number, and Florida unemployment compensation tax number.

QuickBooks

We are proficient in the use of QuickBooks accounting software. We have worked with many local businesses to set up and maintain their books in QuickBooks.

QuickBooks is designed for the layman to understand; but, the ongoing accounting must be done correctly to maintain accurate records.

We possess the knowledge to help you maximize the use of the QuickBooks accounting software program. We will review and make necessary adjustments to your QuickBooks file.

Compilations and Reviews

The financial reporting process provides constructive solution for maximizing profitability by presenting information to the business owner for effective decision making.

The compiled financial statement results from assembling data from business books and records and presenting it in a financial statement format.

Reviewed financial statements involve applying analytical procedures to data and making inquiries of management to provide a limited level of assurance.

Tax Planning

We go beyond preparing tax returns. We recommend tax-saving strategies to minimize your tax liability. We do this by analyzing situations where your taxes will be affected and we take a look at alternate scenarios to find the best approach to minimize your tax liability.

There are various situations where tax planning can lower your taxes such as :
• Selling assets such as stocks, bonds, and real estate.
• Investing in tax-exempt securities.
• Funding a Roth IRA versus a traditional IRA.
• Incurring employee business expenses.
• Shifting expenses to higher income years and bunching itemized deductions.