Services

To get to or stay at peak operation, it is essential that a business owner review an income and expense record monthly, and use the information to take actions to minimize problems and to capitalize on opportunities.

For the owner to build personal wealth, it is also essential to have a personal tax and financial plan – a plan that is integrated with your business, on both a tax and financial basis.

Here’s the tool a CPA Profit Consultant can implement for you to achieve that:

Ongoing Financial Consulting, Monthly Accounting, and Updated Tax Planning So just what do you get with this Essential Service?:

• We’ll prepare your monthly Income and Expense reports – either by doing all your general ledger accounting work for you, or by reviewing the work you or your staff prepares – by around the 15th of the next month

  • We’ll review the QuickBooks general ledger record you give to us monthly and make the necessary changes and journal entries to correct your record and we’ll prepare an accurate Income and Expense report within about 15 days of receiving your monthly updated QB record  from you.

    OR – we’ll record and balance all the checking (1) and credit card (1) entries into a QuickBooks record for you, add the needed general journal entries, then prepare the Income and Expense report by around the 15^th of the next month.

    What is it specifically that I get?

    1. On an ongoing basis, we will record ALL general ledger transactions for your company into a Quick Books company file. This includes checks, deposits and related transactions affecting the checking account (one account).
    2. We will record business credit card charges and any business savings account transactions.
    3. We will also record general journal entries from journals (such as accounts receivable, accounts payable, and inventory) you keep in order that your general ledger (books) are current at all times, and are ready for business tax preparation at year end.
    4. We will perform the bank reconciliation monthly; matching the bank’s balance with the Quick Books balance.
    5. We will balance one credit card statement to your QuickBooks record each month. (for more than 1 credit card, see your Profit Consultant).
    6. We will provide for management use a monthly Balance Sheet and Income Statement that will clearly outline your business income, expenses, and net profit for each month – on or near the 15th of the following month. These reports are provided once per monthly period. Any subsequent corrections or submissions of additional data that come to our attention or that are submitted by you thereafter will be incorporated into the year-to-date record with the following month’s report.

    And what bonuses do I get?

    1. We will set up a Bill-Pay system through your own bank for you and provide training.
    2. Email consults regarding bookkeeping and related matters are included (we find that the ½ hour allowed per month should satisfy that need).
    3. Instructional webinars on how to complete QuickBooks tasks are included, if needed.
    4. A. We will store the Master QuickBooks record for you, making it accessible to you online after each monthly report, or
       B.  We will set up a QuickBooks sharing web portal so you can work on your QuickBooks at any time (a $25 per month surcharge applies for web portal access and storage costs)
    5. We will also monitor up to 4 Key Figures by graphing that information in an understandable format.

    What can I expect after ordering?

    1. A Profit Consultant (or assistant) will immediately call you or your contact person to gain access to information to start right away. Because the security of your information is important to us, please make yourself available for a very short telephone call to discuss security measures. You may also pass the call to your assistant.
    2. After one call consisting of gaining access and related information, and a simple web portal file transfer, we immediately start processing your financial information.
    3. Within 10 business days, you can expect to start receiving the results of our work.
    4. For the current  month’s  work, you’ll receive a monthly report by or around the 15th of the next month.
• We’ll tell you what your income and expense reports mean and how you can use the information to help keep your business operating at its peak (or to get it there)

  • You can stop problems earlier and build on positive opportunities quicker by knowing what your business financial information is telling you. You’ll have several time slots to choose from each month to attend as many webinar consulting sessions as you wish, And you’ll receive a private one hour meeting quarterly with your CPA Profit Consultant.

• From your updated income and expense reports, and based on your current personal situation, we will update you on your present tax position.

  • We believe you should always know your tax position, and that you should always be planning to pay your legal minimum in federal and state taxes. Because taxes can literally take 22% to 42% or more of most business owner’s profits, a constant, ongoing, vigilant effort is a must. We provide your written tax position quarterly in time for your tax estimates. We also include a November complete overall review and Year-End Tax Moves report. Use this tool by asking a Profit Consultant to help you keep more of what you make.

• We will keep your personal and business tax strategies updated for tax law changes, and for changes in your personal circumstances

  • After subscribing to Critical One-Time Services, we’ll keep you upgraded for the personal and business tax strategies that pertain to you with regard to new tax legislation, court cases, and updated IRS regulations, procedures, and bulletins.

Yearly Accounting (YA):

Catch up your entire year of general ledger accounting, or ask us to review the work you did on your entire year of accounting.

We’ll make the changes and journal entries required to correct your QuickBooks to an accurate record of your business income and expense, all ready for tax preparation.

S Corporation Tax Strategy Module:

Tax Strategy that is time-tested, court proven, and/or backed by IRS regulation/bulletin/procedure/PLR

15 Steps to Tax Strategy in a Tax Compliant S Corporation or LLC.

Click Here for more information.

C Corporation Advanced Strategies:

Improve your operation, get greater protection and increase your profits by adding a C Corporation to your entity structures

24 Steps to Increasing Profits and Better Managing Operations through a Qualified C Corporation.

Click Here for more information.

Yearly Accounting (YA):

Catch up your entire year of general ledger accounting, or ask us to review the work you did on your entire year of accounting.

We’ll make the changes and journal entries required to correct your QuickBooks to an accurate record of your business income and expense, all ready for tax preparation.

Annual Business Tax Filing (ABTF):

Preparation of one business tax return from an accurately prepared yearly accounting.

Cost: Your business tax return could be anywhere from very simple to quite complex, and it could require schedules and forms that cannot be anticipated in advance. Nearly all the business returns we prepare range between $750-$2200.

We realize that’s a wide range, so to get a quote for your specific situation, click here.

Annual Individual Tax Filing (AITF):

Preparation of one individual tax return from information you give us by filling out our Tax Organizer and attaching related documents

Cost: Your individual tax return could be anywhere from very simple to quite complex, and it could require schedules and forms that cannot be anticipated in advance. Nearly all the individual tax returns we prepare range between $450-$1,500.

We realize that’s a wide range, so to get a quote for your specific situation, click here.

We’ll build a customized service around your specific needs and wants.

click here to discuss your unique needs with a Profit Consultant and to receive a written quote