Services
Service for Individuals
A Tax Headache Is Only One Mistake Away
Every year, Congress promises to simplify the tax code, but every year, the tax code seems to become more complicated than ever. If you’ve tried tax preparation software and found it confusing, you’re not alone. As the tax code becomes more complex, so does tax preparation software — and you might not be getting all of the tax breaks you’re entitled to.
Here’s something else you might not know: When you use tax software, you might not understand what’s on those forms you sent to the IRS. If the IRS audits your return, do you know that your tax preparation software is not liable — you are. Why take a chance?
How Can We Help You?
Affordable, experienced, and friendly, you can count on us for all of your tax preparation and accounting needs. Take a look at our tax services for individuals below or give us a call to find out how we can help. You’ll be glad you did!
Personal Financial Planning You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth. | Retirement Planning Do not put retirement planning on the back burner. Use a tax professional to plan ahead now, and reap the benefits later. |
If Your Goal Is Financial Independence, We Will Help You Get There
Most people have clear financial goals, whether it’s having enough money to retire comfortably, saving enough for your children’s education, or passing accumulated wealth to future generations. Less clear is how to get there, and you may have questions such as:
- How much risk should I take to reach those goals?
- Will I have enough money to retire?
- How can I save for my children’s education and save for retirement too?
- Are there ways to minimize taxes on accumulated wealth?
- Should I convert to a Roth IRA?
- What impact does social security have on my tax situation?
These are valid concerns. Financial planning is complicated, and you’re busy enough with everyday life. The good news is that we have answers. As a premier financial services firm, we know what it takes to make sure our clients achieve the financial independence they deserve after a lifetime of hard work.
What we do for you:
- Develop a comprehensive personal financial plan to achieve your goals
- Periodically review your personal financial plan as your life situation changes
- Integrate your financial plan with your tax planning (individual and business)
- Evaluate estate, gift tax, and trust tax strategies to preserve wealth
- Review investment strategies (are you paying too much in fees?)
- Evaluate investment and retirement portfolio risk (more aggressive, less aggressive)
- Help you understand Required Mandatory Distributions (RMDs) from IRAs
- Analyze your current budget versus your retirement budget
- Create a retirement income distribution plan that meets your goals
Your Partner in Achieving Financial Freedom
If you’re ready to take the next step, please contact us, and one of our financial planning advisors will be in touch soon. It’s that simple.
It’s Never Too Early To Start Planning For Retirement
The key to successful retirement planning is developing a plan that while based on your current financial situation, also meets your projected financial goals down the road.
That’s no easy task, however. Tax rules regarding retirement plans are complex. Each benefit plan has specific requirements as outlined by the IRS and it’s important to understand the tax implications of your retirement planning choices.
If you’ve already started saving for retirement, are you confident that you’re saving enough to live the comfortable lifestyle you deserve or that you have your money in the right retirement plan for you?
If you haven’t started saving for retirement, we’ll help you figure out a plan that works for you and your family.
Retirement Planning Services:
When you use our retirement planning services, you benefit from our in-depth knowledge and years of retirement planning experience. Here’s what we do for you:
- Evaluate your current financial situation, including assets and liabilities.
- Create a budget that meets your retirement goals, including how much you need to contribute to your current retirement plan to meet those goals.
- Review your Social Security account to determine the best time to begin taking your benefits.
- Make sure that you understand how other sources of retirement income affect the retirement planning process.
- Determine whether taking a lump-sum distribution or opting to take monthly payments is better for your particular financial situation.
Isn’t It Time You Started Planning for a More Secure Financial Future?
Whether you’re already retired, close to it, or just getting started in your career, it’s never too early to start thinking about retirement planning.
To get started simply contact us. We’re happy to help!
Need help? Fill in the form below, and we'll get back to you.
Business Services
We’re On Your Side
As a business owner, you work hard every single day. Whether it’s managing your employees, overseeing your company’s day-to-day operations, or generating new ideas, you don’t have much time left over to deal with the financial side of your business. Even if your cash flow is good, are you sure you’re maximizing your profits? Are you paying estimated taxes on time? Are you complying with federal and state payroll or sales and use tax?
Tax law is complex. That’s why it pays to have an accounting firm you can trust on your side. From generating cash flow statements to handling payroll and preparing your tax returns, we are here to help your business succeed.
What Can We Do For You?
We’re committed to your success. Take a look at our services below or contact us today and find out how our comprehensive accounting & tax services benefit your bottom line.
Small Business Accounting As a small business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits. | Bookkeeping Services Accurate bookkeeping is essential to your company’s long-term viability. Experienced, affordable, and reliable, we serve a variety of industries and clients. |
Payroll We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best–running your company. | Part-Time CFO Services Our Part-Time CFO Service gives you a professional financial manager who works with you to help guide your business to success. |
Forensic Accounting Forensic accounting – also called financial forensics or forensic auditing – is an area of accounting that investigates actual or anticipated disputes. | Cash Flow Management A cash crisis can be emotionally devastating. It can even kill your business. The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. |
Business Advisory Services If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company’s direction. | Financial Planning for Businesses 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. |
New Business Formation Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill have worn off that dictates whether a small business will make it or not. | Internal Controls We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures, then we make recommendations that help your company become stronger. |
Litigation Support In today’s world of increasingly complex litigation, you simply cannot do it alone. Your probability of success increases when you have the expertise of an experienced accountant on your side. |
We Help You Take Control of Your Finances so You Can Focus on Your Business
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.
Leave the Accounting to Us.
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
We’re Here to Help You Succeed in Reaching Your Business Goals.
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!
When You Leave the Bookkeeping to Us, You Can Focus on Growing Your Business
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.
Bookkeeping Services for Small Businesses
- 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
There’s No Better Time Than Now to Take Advantage of Our Bookkeeping Expertise.
Call today and let us put our bookkeeping services to work for you!
Cost-Effective Payroll Services for Your Business
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?
Outsourcing Your Payroll Is More Affordable Than You Think.
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
There’s No Need to Go It Alone.
If dealing with payroll leaves you stressed out and overwhelmed; we can help.
Give us a call today or submit the form below.
CFO Services: A Cost-Effective Solution for Your Business
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.
Experienced, Knowledgeable and Trustworthy, We’re in Your Corner.
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
Dedicated CFO Services
The role of 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.
You’ve Got Questions – We Have Answers
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?
A Fraud Investigation Team You Can Count On
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
Isn’t It Time You Uncovered the Truth?
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.
Many Businesses Fail Because of Poor Cash Flow Management – Don’t Be One of Them
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.
Managing Cash Flow Is the Key to Operating Any Successful Business.
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
Avoid a Cash Crisis, Call Us First.
If your business is suffering because you operate in cash crisis mode more often than not, give us a call today.
Business Planning Is the Foundation of Future Success
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.
If You Feel Like You’re Spinning Your Wheels, We Can Help.
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
Start Planning for Future Success Today
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?
We’re Experts at Financial Planning & Analysis
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 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.
An Accounting Firm That Understands Your Business.
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)
The Best Business Decision You’ll Ever Make
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.
Helping You Build the Foundation for a Successful Business
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.
What We Do for You:
- 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
Planning for Success – and Profit
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.
Mitigating Risk and Protecting Your Business From Fraud
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.
Effective Internal Control Systems That Meet Your Business Needs.
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 through 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.
Don’t Let Employee Fraud Be the Downfall of Your Business.
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.
Legal Disputes Can Be Complicated, Especially When They Involve Financial Issues
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.
Our Litigation Support Services:
- 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
Expert Litigation Support Services That Help You Achieve Success in the Courtroom.
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.
Need help? Fill in the form below, and we'll get back to you.
Tax Services
Tax Services for Businesses and Individuals
Today’s tax laws are complicated. Whether you’re preparing the return for your business or filing individual taxes, IRS compliance can be overwhelming. With so many important details to consider, it’s easy to make an error or omit something which could end up as a penalty, fine, or unwanted problem with the IRS.
At LeFever Bookkeeping, we serve both individual and business planning, preparation and filing needs while remaining compliant with the continuously changing tax laws and regulations. We offer comprehensive tax services for upcoming returns and will work with you to plan ahead to maximize appropriate deductions and credit opportunities.
How Can We Help You?
At LeFever Bookkeeping, our success is based on your success. Take a look at our services below or contact us to learn how we can save you time and money with our comprehensive tax services.
Individual Tax Preparation According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. | Tax Preparation for Businesses It is important to develop a relationship with a tax preparation firm that understands how your business works. As your trusted advisor, we make sure you stay on top of your tax obligations and avoid penalties and fees that reduce your profitability. |
Tax Planning Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. | Estate & Trust Tax Services Preparing income tax returns for trusts and estates can be complex and confusing. We have professionals on our team who are experienced in all aspects of trust and estate administration, including the tax and accounting issues unique to trusts and estates. |
Cryptocurrency Accounting Services The rules surrounding the reporting and taxation of cryptocurrency are complex, but we are here to help you every step of the way. | Tax Relief We’re here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet. |
Your Source for Trusted Personal Accounting and Tax Preparation
As your trusted advisors, we evaluate your individual tax situation and guide you through any tax challenges that develop. Our goal is to minimize your tax liability so that you can keep more of your hard-earned money.
It’s also our job to stay up-to-date on current federal and state tax laws through continuing education and we use our in-depth knowledge of tax codes when we prepare your individual tax returns — so you don’t miss out on any tax credits and deductions that you are entitled to take.
Tax Preparation Services for Individuals
Here’s what else we do for you:
- Prepare accurate tax returns that are filed on time
- Calculate estimated taxes for self-employed small business owners
- Develop tax planning strategies that reflect individual financial goals
- Electronic filing and direct deposit for a faster tax refund
- File extensions and calculate estimated tax to avoid interest and penalties
Tax Season Is Just Around the Corner.
If you need a fast, accurate tax professional to prepare your tax return this year give us a call today or fill out the contact form below.
Start Planning Your Financial Future Today
Many people feel like their tax bill is too high. Maybe you do too. The good news is that it doesn’t have to be. When you work with an accounting firm like ours, we make your financial success a priority.
If Financial Success Is Your Goal, We Are Here to Help!
There is more to preparing your taxes than simply filling out forms at tax time. It’s also about understanding our clients’ needs and helping them plan for a secure future.
Here’s how we do it:
- Based on careful analysis of your tax situation we make sure you take every tax credit and deduction you deserve on your tax return.
- We help you set up a recordkeeping system that meets IRS requirements.
- We work with you all year long–not just at tax time to develop tax planning strategies that lower your tax bill.
- We review and adjust your paycheck withholding so that it accurately reflects your tax situation and lets you keep more of your money (why give the IRS a free loan?).
- We help you understand how to defer tax liabilities through pension plans, retirement contributions, and similar plans.
- We make sure you take advantage of certain investments to produce tax-exempt income (federal or state or both).
Ready to Take the Next Step?
If you feel like too much of your hard-earned money goes straight to the IRS instead of your bank account, then we can help.
Simply fill out the form below or give us a call. It’s that easy!
Estate and Trust Tax Preparation Helps Preserve, Protect, and Enhance Your Financial Legacy
Estate and trust tax preparation and planning are an important part of managing your financial future — and it’s not just for the one percent; it’s important for everyone — especially if you have a spouse or children or own a business.
As your trusted advisor, we help you develop an estate and trust plan that protects wealth and minimizes the tax burden on you and your loved ones.
Protecting your assets is critical to ensure financial security for your loved ones and we know that estate planning and trust tax return preparation is not easy, often requiring specialized knowledge and expertise.
We Understand Fiduciary Tax Laws
Our tax and accounting professionals have many years of experience helping clients just like you. We work closely with investment advisors, attorneys, and other financial professionals so that we are able to develop a long-term estate plan that meets the individual needs of every client. We also stay current on tax law changes that affect estate and tax trust preparation.
Our Estate and Trust Tax Services Include:
- Allocating assets to spouses, children, trusts, and charities
- Reviewing your estate plan and trust tax situation to ensure financial goals are met
- Gift tax returns and strategies
- Business succession planning
- Trust administration
- Trust income tax returns
- Estate tax returns
If You Need Assistance With Estate and Trust Tax Preparation We Are Here to Help.
Preparing income tax returns for trusts and estates can be complicated and if you haven’t developed an estate plan it’s not too late.
Contact us today by filling out the form below. You’ll be glad you did.
Tax Preparation and Accounting Services for Digital and Virtual Currency Transactions
The rise of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, and Dogecoin presents many challenges for businesses. Among them are finding a CPA or tax preparation and accounting firm that is knowledgeable – and experienced – in taxation issues, and laws and regulations are constantly evolving.
Taxation of Digital and Virtual Currency
Cryptocurrency is a form of digital or virtual payment or currency that can be exchanged online for goods and services. These exchanges use a secure computer technology platform called blockchain to validate and record transactions digitally on a digital ledger.
Because the IRS defines virtual currency as a digital representation of value, it is treated as property for tax purposes. Therefore, whether you experience a gain or loss, it must be reported on Schedule D of IRS Form 1040. Long-term gains (assets held more than 12 months) are subject to capital gains tax rates, whereas short-term gains of less than 12 months are taxed as ordinary income.
Comprehensive Cryptocurrency Tax and Accounting Services
Our team of tax and accounting professionals has the knowledge and expertise you need to ensure compliance with a complicated set of rules. Whether you are a small business owner who accepts digital and virtual currency as payment for goods and services or an individual investor, we can help.
Here’s what we do for you:
- Prepare cryptocurrency tax returns
- Amend prior-year tax returns to reflect digital currency transactions
- Ensure compliance with local, state, and federal tax regulations
- Ensure compliance with international regulations, if applicable, such as FBAR (FinCEN Form 114) and IRS Form 8938
- Provide accounting and reporting services for companies that use digital currency
- Assist in the valuation of digital currencies
- Cryptocurrency advisory and consultation
A Cryptocurrency CPA Firm You Can Count On
The rules surrounding the reporting and taxation of cryptocurrency are complex, but we are here to help you every step of the way. If you have any questions or would like additional information about our cryptocurrency tax and accounting services, please give us a call or contact us using the form below.
Need help? Fill in the form below, and we'll get back to you.
Tax Relief
If You Owe the IRS Money, We Can Help!
Have you ever received a letter or notice from the IRS, ignored it, and now you owe penalties and fines on top of the taxes you already owe?
You’re not alone.
Millions of taxpayers receive letters or notices from the IRS every year. Most of the time there’s nothing to worry about. But sometimes there is. Maybe you owe the IRS back taxes or failed to file a tax return because you owed the IRS money that you knew you didn’t have. Maybe you were recently divorced, and your tax situation seemed too complicated to figure out. Or, perhaps you were just too busy to bother filing.
Whatever the reason, if the IRS has caught up to you and is demanding payment, the next step is likely to be garnishing your wages, putting a lien on your home or a levy on your bank account. The worst thing you can do is keep ignoring the situation because it won’t be going away — ever — unless you take action.
We’ll Help You Find a Fair Solution to Your Tax Problem.
We understand how the IRS works and what it takes to successfully mediate a solution on your behalf whether it’s filing a past due return, minimizing back tax debt and any penalties or fines, or submitting an offer in compromise.
Our friendly, knowledgeable tax professionals are experts at what they do and are here to help you resolve the following tax problems:
- IRS Audit
- Back Taxes
- Delinquent Tax Returns
- Failure to File a Tax Return
- IRS Liens & Levies
- Wage Garnishment
Get Tax Relief Now
If you owe the IRS money and are wondering what your options are, contact us today or click on any of the links below to learn more about our tax relief services and how we can help.
IRS Audit Representation Rarely do our clients have to talk with the IRS. We handle it all for you so that you need not take time off of your job to handle the bureaucracy and paperwork of the IRS. | Non-Filed Tax Returns If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns? |
Back Taxes Owed It’s amazing how fast tax penalties and interest add up. Luckily, we offer several options when it comes to resolving unpaid taxes. Complete this form to get a Free Consultation with our tax specialist. | Payroll Tax Problems The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes you pay as an employer is your employees’ tax withholdings. |
IRS Liens Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. | IRS Levies We are often able to get levies released and help you get out of a terrible situation. |
IRS Wage Garnishment The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments. | IRS Seizures An IRS seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets; your home, cars, boats, jewelry, motorcycles, insurance policies, and even your retirement funds. |
IRS Payment Plan If you don’t qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. | Offer In Compromise Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? |
Bankruptcy Your back taxes, interest, and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems. | Innocent Spouse Relief Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse. |
Get Your IRS File Most people would be surprised to learn how much the IRS knows about them. Obtaining a copy of your IRS file is critical in analyzing the options available to resolve your tax problems. |
When It Comes to Tax and Audit Representation, We’re in Your Corner
With the IRS auditing less than one percent of tax returns in recent years, you may be thinking it can’t happen to you. But you could be wrong. Especially if you have a lot of business expenses, your tax return is complicated, or you’re in a higher income bracket.
The good news is that nearly 75 percent of those audits are notices or letters sent by the IRS requesting additional information or clarification. The rest are actual field audits.
While you may be tempted to respond to a letter or notice from the IRS, it’s not always a good idea even if you have a firm grasp of tax law. Because as friendly as IRS auditors might seem, they represent the IRS — not you.
Make the Smart Choice
Sure, taxpayers can and do prevail during IRS audits, but without an experienced tax professional on your side, it’s less likely that it will happen…and you just might end up owing the IRS money instead of getting a refund.
When you hire us to represent you during an audit, here’s what we do for you:
- Take care of all audit correspondence
- Make sure you take the steps needed to minimize your tax liability
- Handle all discussions with auditors to reduce the risk of additional liability
- Appeal a decision, if necessary
Why Take a Chance?
The importance of being represented by a qualified tax professional during an IRS or State tax audit or tax dispute cannot be stressed enough.
If you’ve received a letter or notice from the IRS or are involved in a tax dispute with the IRS, call us today or submit the contact form below. We’re here to help.
Failing to File Your Tax Return Is a Misdemeanor and Should Not Be Taken Lightly
Most taxpayers file their tax returns on time, but sometimes they just stop filing altogether. Usually, this is due to a change in circumstances such as financial or emotional hardship.
Or, maybe they’ve misplaced the paperwork needed to file their return or were overwhelmed by the complexity of the new tax reform laws and just didn’t get around to filing this year. Whatever the reason, failing to take action only makes a bad situation worse.
We Are Here to Help You Get Back on Track
According to IRS estimates, more than one million taxpayers fail to file their tax returns in any given year. Whether you file as an individual, head of household, are self-employed or file a business or corporate tax return, if you’re one of them, we can help.
Here’s what we do for you:
- Reconstruct tax records if you’ve misplaced these documents
- Prepare and submit non-filed tax returns
- Negotiate with the IRS on your behalf
- Submit an offer in compromise to the IRS
- Arrange installment agreements with the IRS to pay back taxes owed
- Represent you throughout the tax preparation and collection process
You Could Be Losing out on a Refund You’re Entitled To
Whether it’s been one year or ten since you stopped filing your tax returns, it’s not too late. If you don’t owe any tax, you might be due a refund. If you do owe tax, then you might be able to minimize the amount you owe.
Help Is Just a Phone Call Away
Not everyone needs to file a tax return, but if you do — and haven’t — you could be liable for failure to file penalties or worse, spend a year in jail. Why take a chance?
If you are one of the more than one million taxpayers that haven’t filed a tax return recently, call the office to set up an appointment with a tax specialist or fill out the contact form below.
You have filed your returns but didn’t have the money to pay what was owed. You may think, “Oh well—I will catch up next year.” Before you know it you find yourself several years in arrears and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount.
It’s truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up.
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes you pay is your employees’ withholdings. Not paying your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS.
As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time.
If you are behind on paying payroll taxes for your company, WATCH OUT!!! The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities.
If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates.
Federal Tax Liens can really make your life miserable! When your taxes are not paid the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own.
The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables. At this point everything you own is just one short step away from becoming the property of the United States Government.
Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. The banks don’t want the extra work when the IRS comes in to take your money.
With a Federal Tax lien on your record you can’t get a reasonable loan to purchase a car. Think about paying 18-22% interest on a car that is already too expensive. You definitely cannot buy or sell any real estate. The list is endless.
Levies can really do a lot of damage and even ruin your life. A levy is the IRS’s way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!
Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they’ll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don’t care! Their sole objective is to collect the taxes owed. Period.
As bad as that is, a worse method is a wage levy (or garnishment). That’s when most of your pay check goes to the IRS, they don’t leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.
If that doesn’t accomplish what they want, they’ll pull out all the stops. They’ll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, anything of value.
We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.
You received an IRS Notice of Intent to Levy 30 days ago and you forgot or ignored it. Now it’s Payday. Expecting a check, you open the envelope and find that the IRS has taken most of your money. What’s left is not enough to pay the rent, car payment, buy groceries, or pay the rest of the bills. This action will continue on every check due you, until the tax owed is paid in full.
Now you’re in big financial trouble. No matter how hard you plead with your employer they cannot give you your money. Once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks.
We are regularly retained to negotiate the release of IRS wage garnishments by arranging a payment plan. The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.
Unlike the levy, which involves intangible assets such as your bank account, a seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes.
A seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. Don’t think they won’t. Many a newspaper or television show has reported citizens being forced out of their homes after it was sold at an IRS auction, often for as little as half its value.
When the IRS seizes your assets they want to quickly sell them at auction. They often get less than half your assets value, so they often seize everything you own including your home, cars, boats, jewelry, motorcycles, insurance polices, and even your retirement funds.
If you don’t qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts.
Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.
Did you know that you can settle your debt with the IRS for less than the full amount you owe with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
Did you know that you can settle your debt with the IRS for less than the full amount you owe with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).
Often it is possible to fully and completely eliminate the taxes you owe – including all penalties and interest – at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done “right.”
If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.
Your back taxes, interest, and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems.
Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first. If you file bankruptcy and don’t meet the rules, the IRS will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution.
Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.
Did you know that you can obtain a copy of your IRS file? Most people would be surprised to learn how much the IRS knows about them. Obtaining a copy of your IRS file is critical in analyzing the options available to resolve your tax problems.
Requesting copies of your IRS file is best done by a professional who understands how to obtain them without raising any red flags as well as how to interpret the information in your file.
Need help? Fill in the form below, and we'll get back to you.
Services for QuickBooks
Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc.
Used with permission under the QuickBooks ProAdvisor Agreement.
Gain Valuable Financial Insights
If you’ve been thinking about making the switch to a paperless accounting system, QuickBooks is easy to use and is an affordable solution that allows you to manage your business more efficiently.
With both desktop and online (“in the cloud”) versions, it’s easy to view transaction records and prepare custom reports that help you manage cash flow, monitor income and expenses, and make sound business decisions.
More Freedom to Focus on Your Business
When you use accounting software like QuickBooks, you’ll have more time to focus on what you do best, which is run your business. Instead of searching through your filing cabinet or that stack of manila file folders piled high in the corner of your desk, you can quickly find the information you need using the search function and entering keywords. You can even search from your mobile, laptop, or your tax preparer’s office if you’re using cloud-based accounting software.
We understand that the decision to switch to a new accounting system can be a difficult one. But once you’ve made the decision, we’re here for you every step of the way.
What we do for you:
- Set up and customization – After we set up your QuickBooks software, we help you customize it specifically for your business – including integrating third-party invoicing or bill pay software.
- Employee Training – Provide personalized training for you and your employees at your location or ours.
- QuickBooks Review – Review, sort and process monthly or quarterly transactions, reconcile the general ledger and all accounts and prepare required reports.
- Periodic Tune-ups – We are available to perform periodic reviews of your QuickBooks system reviewing transactions and cleaning up and organizing your bookkeeping system.
Make the Smart Choice
QuickBooks is a financial management tool that simplifies your workflow processes, reduces paperwork clutter, and saves your business time and money.
If you’re ready to give QuickBooks a try, contact us today. If you’d like to learn more about how QuickBooks can benefit your business, click on any of the tabs.
Why QuickBooks QuickBooks is the ideal business accounting software for small to mid-sized business owners. Here are 10 reasons why you should be using QuickBooks. | Setup for QuickBooks Although QuickBooks is designed for the layperson to understand, the initial setup and installation can be tricky. Save hours of frustration by allowing us to set up QuickBooks for you correctly. |
Training for QuickBooks Once QuickBooks is set up and working properly, we can train you or your employees how to use QuickBooks specifically for your business. | Answers to QuickBooks Questions Employees in your accounting department will find comfort in knowing that the answers to their QuickBooks questions are only an email or phone call away, preventing many wasted hours of aggravation and embarrassment. |
Tune-up for QuickBooks Whether you need to prepare your books for tax time, a financial review or you just need to clean up some problem areas, you’ll get your QuickBooks running smoothly again with a complete Tune-up. | Tips for QuickBooks Users Please take a look at these shortcuts and “tricks of the trade” designed to save you time and make your QuickBooks experience even more productive. |
10 Reasons Why You Should Use QuickBooks
QuickBooks is the ideal business accounting software for small to mid-sized business owners. Here are 10 reasons why you should be using QuickBooks.
- You save time on bookkeeping and paperwork because many of simple bookkeeping tasks are handled automatically making it easier to run your business.
- You can easily generate the reports with the information you need, so you always know where your business stands. You instantly know whether you’re making money and whether your business is healthy.
- You save money because QuickBooks is so affordable. You can use it to run a $5 million or a $25 million business for a few hundred bucks. Accounting software is truly one of the great bargains in business.
- Your business can grow with QuickBooks. QuickBooks will help you design a business plan to use when trying to secure a small business loan or line of credit or to plan for the future. QuickBooks will create a projected balance sheet, profit and loss statement and statement of cash flows in the format recommended by the U.S. Small Business Administration.
- You can customize QuickBooks to work the way you want. QuickBooks is specifically designed to be flexible and adaptable to a wide range of small businesses. To broaden its appeal, QuickBooks has recently added customized accounting packages for contractors, retailers, health care professionals, and non-profit organizations.
- You can rest assured knowing that QuickBooks is a stable, reliable and proven product. Hundreds of thousands of small businesses throughout the world have chosen QuickBooks as their accounting software. You can’t go wrong with a software program with such an extensive installed user base.
- You save typing time and errors by sharing data between QuickBooks and over 100 business applications. You can even share data with popular programs, such as Microsoft Excel, Word, Outlook and Act!.
- You will get paid faster with QuickBooks online payments. E-mail an invoice or statement and with QuickBooks Online Billing, your customer can easily pay you with a credit card or bank account transfer. No more waiting for the check in the mail!
- You can easily accept credit cards. With QuickBooks Merchant Account Service, you can accept credit cards with ease. QuickBooks Merchant Account Service is the only credit card acceptance service integrated with QuickBooks software, which means you don’t have to enter the same data twice. No additional software or hardware is required. Your customers can use Visa, MasterCard, or American Express.
- You can pay your bills and handle your banking online. Setup your current bank account in QuickBooks, and you’re ready to pay your bills without licking envelopes, sticking stamps, or printing paper checks. Just write checks in QuickBooks as you normally would, then click a button and your participating bank does the rest! Pay anyone in the U.S. from your credit card companies to your pizza service. Online banking also lets you download your monthly statement from your participating bank directly into QuickBooks for easier reconciliation.
Although QuickBooks is designed for the layperson to understand, the initial setup and installation must be done correctly in order for future information to be accurate.
All information necessary to set up manual accounting records is also necessary to set up and install QuickBooks on your desktop. This task is even more complicated if you switch from manual accounting operations to QuickBooks in the middle of the year.
Which accounting method will you use? What chart of accounts do you need for your business? How do you handle beginning balances?
An expert can easily answer all of these questions and complete the initial setup and Installation in a timely manner. In addition, your accounting employees receive training on the accounting software to enhance their performance.
How Much Does It Cost?
We first want to find out a little more about your business and your accounting records before we quote you an exact price. Rest assured that we work with many small business owners and our rates are designed to fit the budgets of our clients.
As with any accounting software program, installation and training take time — time taken away from managing your business. Here’s a short list of the services we provide while setting up QuickBooks:
- Study and evaluate your software and accounting needs.
- Recommend software and hardware requirements.
- Install software, design and set up a chart of accounts and entire accounting package including payroll, accounts receivable, inventory, accounts payable, etc.
- Determination of your QuickBooks starting date.
- Loading your chart of account and balances as of that starting date.
- Preparation of a list of the items that you sell to your customers. This list includes services, inventory parts, non-inventory parts, other charges and sales taxes.
- Entering your outstanding accounts receivable and accounts payable details as of your starting date.
- Entering your ending statement bank balances and outstanding checks and deposits in transit as of your starting date.
- Printing a trial balance as of your starting date and comparing it to your trial balance from your old system.
- Entering your transactions since your starting date into QuickBooks
- Train client or client staff in use of software to meet their accounting, management and tax needs.
Ongoing Services:
- Follow up training to ensure the client is “on the right track.”
- Monthly, quarterly or annual review of client QuickBooks data to assist in tax preparation and management reports.
Once QuickBooks is set up and working properly, we can train you or your employees to properly operate QuickBooks specifically for your business.
Why choose one-on-one attention instead of taking a class?
- We come to your location.
- We focus on the individual issues facing your business.
- We will be there to answer your specific questions and concerns.
- No need to spend time on features that don’t impact your business!
Call today to set up an appointment. We will come to your location!!
Questions about QuickBooks?
QuickBooks users are generally not stumped by the software, they are stumped by the accounting information necessary to complete the transactions. Quick access to correct information is essential to maintain the accuracy of your financial records.
Employees in your accounting department will find comfort in knowing an expert in QuickBooks is only an email or phone call away, preventing many wasted hours of aggravation and embarrassment.
How much does it cost? $20 per question.
Questions may be called in, left on voice mail, faxed or sent via email. A Certified Professional Advisor who specializes in working with QuickBooks will respond with a detailed solution to your problem or question, usually within 24 hours.
100% Money-Back Guarantee: If we cannot adequately resolve your problem or question, your money will be refunded 100%, guaranteed.
Our Answers to QuickBooks Questions service keeps your employees on task.
Overhaul your accounting system with a Tune-up for QuickBooks.
Whether you need to prepare for tax time, a financial review or you just need to clean up some problem areas, you’ll be prepared with a Tune-up for QuickBooks. In four (4) hours, a QuickBooks Professional Advisor will help you clean up and organize your bookkeeping system.
Tune-up Topics:
- Reviewing your transactions for the year
- Cleaning up stray entries
- Customizing reports
- Balancing general ledger to subsidiary records
- Additional personalized training
A Tune-up for QuickBooks is a smart and affordable way to get a handle on your books. Accurate records allow you to make educated decisions for your business and will save you money!
If you interested in the Tune-up for QuickBooks service, call today and schedule a time to meet.
Need help? Fill in the form below, and we'll get back to you.