Payroll Services

Managing the employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There’s a host of government reporting and recording keeping requirements that comes with the job. And there are adverse consequences if you get it wrong.

There are 5 good reasons for outsourcing this function:

• You’ll save money by letting the experts attend to the task efficiently and accurately.

• You’ll avoid penalties associated with payroll tax calculation errors or missed filing deadlines.

• We’ll handle employee questions and concerns, and research any issues they uncover.

• You’ll receive comprehensive reporting to help manage your business and attend to any special requirements.

• You’ll gain valuable time to focus on running your business.

We offer three payroll service options to meet the needs of different business owners. All three services include:

• IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits

• Monthly, quarterly, and annual payroll tax reports

• New hire file creation and reporting

• W-2, W-3, and 1099 preparation

The service option you choose defines how payments are processed:

• Comprehensive Payroll Processing Service: We manage the secure check processing

• After-the-Fact Payroll Service: You process all of the payments, and we post your payroll records and information into our data system and handle all of the other payroll functions.

We can also provide ad hoc services, such as:

• Worker's Compensation Audits

• Unemployment Claims

• Federal and State registration

Contact us to get a consultation and cost estimate for our Payroll Processing services.

Tax Services

Tax law is a complicated affair that changes with each season. Through rigorous professional training and routine participation in industry briefings, we sustain mastery of the current tax law, complex tax code, and new tax regulations. This discipline enables us to offer a full range of tax planning, preparation, and support services.

Tax Preparation

Are you anxious about filing your on tax returns? Even a simple return may require multiple forms. The instructions often evoke more questions than answers. While a computer software program may help, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.

Here are a few of the benefits you’ll reap when using our service:

• We’ll prepare all of the appropriate forms and record all figures and calculations accurately.

• We’ll make sure that you receive all of the deductions and credits to which you are entitled.

• We’ll file your return electronically to speed delivery of refunds.

• We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.

• We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.

Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we'll help you set up an easy system to keep your books current going forward.

Tax Planning

Proactive planning is the key to minimizing your tax liability. We work with businesses and individuals to pay the least amount of tax required by law. A few of the strategies that we consider include:

• Splitting income among several family members or legal entities to take advantage of lower income tax brackets

• Shifting income or expenses from one year to another when it can yield a lower tax rate

• Deferring or eliminating tax liability through use of tax-advantaged investment vehicles

• Tracking all expenses eligible for itemized deduction

• Taking advantage of tax credits

Your unique circumstances will determine the strategies that we can employ to maximize the money you keep in your pocket.

Tax Problems

Even if you have not been targeted for an IRS Audit, you may be aware of problems that will catch up with you eventually. Common examples include:

• Missed tax filings for one or more years

• Insufficient funds to pay the tax liability when due

• Failure to remit payroll taxes

We’ll work with you to review your prior tax years and make sure that all of your tax filings have been submitted accurately. 

It is far better to face your problems than to wait for them to land on your doorstep. We’re here to help in any way we can.

Contact us to receive more information about our Tax Preparation, Planning, Audit Support, and Troubleshooting services.

Advisory Services

We offer value added services that help you structure and manage your business to its best advantage. We help new businesses get off the ground and provide objective assessments of existing ones. We help you establish policies and procedures to protect vital assets. You reap the benefit of increased efficiency, control, and insight.

New Business Formation

Are you thinking of joining the ranks of small business owners? Along with a great idea and strong sense of the market you’ll serve, you’ll need a business and financial advisor who can help your dream take flight while keeping your feet firmly planted on the ground.

We can help you:

• Develop or refine your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget

• Select a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability

• Prepare and file all required state and local licenses and permits.

• Make application for your Federal Employer Identification Number.

• Identify start-up capital needs and available resources to address them

• Examine your borrowing power and provide coaching on how to cultivate a mutually beneficial banking relationship

• Identify your business insurance needs

• Select the right accounting software and establish the appropriate chart of accounts

• Establish billing and collection procedures to maximize your cash flow

• Establish procedures to monitor and control costs

• Provide payroll and payroll tax filing when and if you hire employees

We’re eager to get your business off to a good start.

Contact us to learn more about our New Business Formation services.

Personal Financial Planning

It’s easy to get caught up in all of the activities and responsibilities of our day-to-day lives. And yet we need to think about the future, especially with respect to our financial well-being. For a modest investment of your time to help us get to know you and the life you want to create, we’ll help you craft a financial roadmap to meet your obligations, manage risk, and build wealth.

Retirement Planning

Most of us look forward to the day when we have the means to bid farewell to our current occupations and explore new horizons. We can help you create a plan to attain financial independence and enjoy a comfortable retirement. This plan will consider your financial needs, your projected assets and income sources, tax treatments, and strategies to address projected shortfalls.

College Planning

Whether higher education is right around the corner or years away, we’ll work with you to estimate the required resources, explore available options for funding, and develop a suitable savings plan.

Estate Planning

A well-conceived estate plan provides security for loved ones and an orderly succession of ownership for business interests. We’ll help you think through the disposition of your assets to address your preferences and concerns while steering clear of needless complication and tax liability.

Insurance Assessment

Despite the best intentions, each of us may face the unexpected. Although we can’t control everything that crosses our paths, we can protect ourselves and our families from the financial hardship that accompanies bad news. We’ll provide an unbiased assessment of your life, disability, health, home, and auto insurance coverage, and work with you to establish a suitable emergency fund.

Investment Planning

To build personal wealth, you need an investment management strategy that provides an appropriate blend of growth, asset protection, and income generation. Given your investment goals and risk tolerance, we’ll help you devise a savings and investment strategy that helps secure your future.

Contact us to learn more about our Personal Financial Planning services.