Bookkeeping: Recording and organizing financial transactions, including income and expenses, to maintain accurate and up-to-date financial records.
Financial Statement Preparation: Compiling and presenting financial statements, such as income statements and balance sheets, to provide a comprehensive overview of a business's financial performance.
Payroll Processing: Managing the calculation and disbursement of employee wages, including tax withholdings and deductions, in compliance with relevant regulations.
Accounts Receivable/Payable Management: Monitoring and managing the collection of receivables and the payment of payables to ensure effective cash flow management.
Audit Support: Assisting businesses in preparing for and navigating through external audits, providing necessary documentation and support to auditors.
Tax Planning: Strategically analyzing a client's financial situation to minimize tax liabilities by taking advantage of available deductions, credits, and exemptions.
Tax Compliance: Ensuring that businesses adhere to tax regulations and filing accurate and timely tax returns, covering income taxes, sales taxes, and other applicable taxes.
Tax Advisory: Providing guidance on complex tax issues, interpreting tax laws, and advising clients on the tax implications of various business decisions.
Tax Representation: Representing clients before tax authorities in case of audits, disputes, or other tax-related matters, ensuring compliance and fair resolution.
Budget Development: Collaborating with clients to create comprehensive budgets that align with business goals, incorporating revenue forecasts, expense projections, and capital expenditures.
Budget Monitoring and Analysis: Regularly tracking and analyzing financial performance against budgeted figures, identifying variances and recommending adjustments to ensure financial goals are met.
Cash Flow Management: Implementing strategies to optimize cash flow, balancing income and expenses to maintain liquidity and support business operations.
Financial Forecasting: Using historical data and market trends to project future financial outcomes, aiding in strategic decision-making and resource allocation.