Accounting, Bookkeeping & Financial Statement Services
Maximize your time and focus on business growth with our streamlined accounting processes and enhanced internal controls. Our monthly accounting services provide valuable insights for informed decision-making. Real-time financial alignment and comprehensive reports empower budgeting decisions, ensuring efficiency and accuracy aligned with your business goals. With our support, dedicate more energy to core aspects, accelerating your business's growth and success.
Our partnership approach follows three essential steps for a successful collaboration:
- In-Depth Business Understanding: We immerse ourselves in your operations, goals, and challenges to tailor solutions that address your unique circumstances.
- Specialized Customized Services: Leveraging our industry expertise, we provide customized services in revenue and expense categorization, financial statement preparation, and other key financial metrics.
- Trusted Financial Guidance: As a trusted partner, we listen to your financial concerns and offer guidance for important business decisions, ensuring alignment with your strategy and goals.
Through this comprehensive approach, we aim to establish a strong partnership with open lines of communication, allowing us to deliver customized services that address your unique financial needs and provide valuable guidance when it matters most.
Financial Statement Preparation
Accurate revenue and expense categorization is vital for understanding financial performance and complying with accounting regulations, especially when seeking investments or loans. AccountingInc. understands the significance of precise transaction recording. We provide assistance in navigating accounting rules, ensuring accurate financial records aligned with industry standards. Our use of cutting-edge technologies streamlines the record-keeping process, saving you time and effort. In addition, we provide accounting software installation and staff training to establish a strong accounting foundation for your business. Our team assists in selecting the right software and guides you through implementation. Comprehensive training empowers your staff to effectively and efficiently utilize the software. With AccountingInc.'s expertise and support, you can confidently maintain accurate financial records, streamline accounting processes, and establish a robust foundation for financial management. This positions your business to meet investor, lender, and regulatory requirements.
Payroll & HR Services
Managing payroll can be a time-consuming task for small business owners, taking valuable hours away from running and growing their businesses. At AccountingInc., we understand the challenges and complexities involved in payroll administration, especially for early-stage startups. We offer payroll outsourcing services that are more affordable than you may think. With our experience in assisting numerous startups, we have gained valuable insights into what matters most to founders as they navigate this process. When choosing a payroll system, we prioritize two critical factors:
Scalability for Growth:
- We provide payroll solutions that can accommodate the evolving needs of your business as it grows. Our systems are flexible and scalable, ensuring that your payroll processes can easily adapt to the changing size and complexity of your workforce. This scalability eliminates the need for frequent system changes or upgrades, saving you time and effort in the long run.
Compliance with Tax Laws:
- Staying compliant with tax laws and regulations is crucial to avoid potential penalties and legal issues. Our payroll system is designed to ensure that your company remains compliant with all tax laws and regulations. We handle tax calculations, deductions, and filings accurately and in a timely manner, giving you peace of mind and allowing you to focus on other important aspects of your business.
In addition, our payroll system supports and tracks various essential employee-related elements, including hours worked, salaries, paid time off, and fringe benefits. We provide comprehensive reporting and analysis, enabling you to have a clear overview of your payroll expenses and employee compensation.
By outsourcing your payroll to AccountingInc., you can save time, reduce administrative burdens, and ensure accuracy and compliance. This allows you to concentrate on driving your business forward while leaving the payroll management in capable hands.
Accounting Services:
- Financial Statement preparation: reviews and compilations
- Accounting assistance
- Bookkeeping
- General ledger review
- Business start-up consulting
- Budgeting and forecasting
- General business consulting
- Personal Financial Statements
- Income tax planning and consulting
- Monthly, quarterly, and annual financial reporting statements
- Bill paying services
- Business management
- Payroll Services
- Payroll and sales taxes
- Loan proposal documentation including: Executive summary, Pro-forma cash budgets and Financial Statements, Owners personal Financial Statement
- Small Business Accounting
- Monthly services including:
- Reconcile your bank account
- Generate an income statement
- Generate a balance sheet
- Clean up your general ledger
- Month-end journal entries preparation
- Unlimited consultation
- Worker’s Compensation Audits
- 1099 and 1096 processing
Accounting Solutions for Entrepreneurs & Businesses
We specialize in streamlining your accounting processes, including bookkeeping, cash flow management, tax planning, and payroll management. Our aim is to help your business succeed by providing efficient and effective solutions in these areas. With our expertise, you can focus on growing your business while we take care of the essential financial aspects.
Outsource your accounting to AccountingInc.
At our firm, we leverage modern cloud-based accounting software to provide you with easy access to your financial data anytime, from anywhere. This empowers you to focus on your core business activities while we handle the rest. As specialists in small business accounting, we understand your unique needs and challenges.
By analyzing your business and goals, we offer sound and strategic advice that can save you both time and money. Our expertise allows us to identify areas for improvement, optimize your financial processes, and provide valuable insights to help you make informed decisions. With our support, you can navigate the financial landscape with confidence and drive your business towards success.
Cloud-based Bookkeeping Solutions
Let the experts handle your accounting by outsourcing to our firm, allowing you to dedicate your time and energy to growing your business. With cloud-based accounting, we streamline your business operations by eliminating time-consuming paperwork and manual data entry processes.
By leveraging cloud technology, we provide a seamless and efficient accounting solution that centralizes your financial data in a secure online platform. This enables real-time access to your financial information, simplifying financial reporting, analysis, and decision-making.
By entrusting your accounting needs to us, you can free up valuable resources and focus on strategic initiatives, customer acquisition, and business expansion. Our team of experts will ensure that your financial records are accurate, up-to-date, and compliant, providing you with peace of mind and the freedom to drive your business forward.
Our cloud-based and virtual bookkeeping services offer secure storage of your financial data, providing you with convenient access anytime and anywhere. At AccountingInc., we provide a range of comprehensive services to meet your accounting needs, including:
- Preparation of monthly financial statements
- Profitability analysis
- Management of accounts receivable/payable
Quickbooks
QuickBooks Online is an ideal choice for your growing business, offering a highly customizable platform tailored to your specific needs. With its cloud-based technology, QuickBooks Online provides numerous benefits that enable you to efficiently track your business's growth. As your trusted partner, we are here to support you every step of the way. We will assist you in setting up your company profile within QuickBooks Online, ensuring that it aligns with your business structure and requirements. Additionally, we offer comprehensive personal and company training to empower you with the knowledge and skills needed to make the most of QuickBooks Online's features and functionalities. With our guidance and expertise, you can effectively leverage QuickBooks Online to streamline your accounting processes, manage your finances, and gain valuable insights into the financial health of your business. Our goal is to ensure that you maximize the benefits of this powerful platform, enabling you to focus on growing your business with confidence and ease.
How we use QuickBooks:
- Leverage our expertise in utilizing the QuickBooks Online platform to effectively manage and track your accounting, invoicing, billing, estimates, and more. By entrusting these tasks to us, you can confidently shift your focus towards shaping the future of your business.
- With our services, you have the flexibility to access and monitor your financial health from anywhere and at any time, thanks to our support for all platforms. We handle the tedious financial tasks, allowing you to focus on more important aspects of your business.
- Benefit from credit card syncing capabilities for transparent collaboration, allowing us to seamlessly integrate your credit card transactions and provide you with accurate financial records. As your trusted bookkeepers, we are here to support your business and promptly address any questions or inquiries you may have.
Financial Statement Preparation
Access your financial information easily at any time and from anywhere with our full-service accounting and monthly financial statement preparation services. We ensure that your financial data is organized and readily available, providing you with the convenience and flexibility to make informed decisions about your business.
- Do you need to get a loan from a bank?
- Are you hoping to get investors and raise capital for your small business?
Financial statements are essential when seeking funding from any source. These statements provide crucial evidence of your company's financial health and stability. Whether you're approaching investors, applying for loans, or seeking other forms of funding, having accurate and up-to-date financial statements is paramount. We can assist you in preparing comprehensive financial statements that showcase the strength and viability of your business, increasing your chances of securing the funding you need.
Financial Statement Review & Compilation
At AccountingInc., we provide financial statement review and compilation services specifically tailored to help you prepare and present accurate and reliable financial statements. These statements play a crucial role in offering a credible and reliable snapshot of your business's financial health, which is essential for investors, creditors, and other stakeholders evaluating your company. Our expertise ensures that your financial statements meet the required standards and provide the necessary level of credibility and reliability to instill confidence in those assessing your business.
Balance Sheet
The balance sheet provides a snapshot of your business's financials, including assets, liabilities, and net worth. Analyzing it helps monitor revenue collection, inventory management, and meeting obligations to creditors and stockholders. The balance sheet will include references to:
Assets
- Represent the use of business funds
- Acquired by funds provided by the creditor/investor
Liabilities
- Represents the obligations to creditors
- Includes Current, Non-current, and Total liabilities
Net Worth
- Represents the owner’s investment within the business
- Enables a business to continue (or expand) operations
Income Statement
The income statement, or profit and loss statement, summarizes all income and expenses for a specific period. It provides a clear view of the business's income potential after accounting for all expenses. This statement considers revenue, expenses, and any capital gains or losses incurred during the period.
Equity Statement
An equity statement is a fundamental financial statement that provides detailed information about the financial aspects of a business. It includes the following key components:
- preferred stock
- contributed capital
- common stock
- retained earnings
This statement also highlights how retained profits or surplus has been utilized or allocated during each financial or accounting period. It provides insights into whether the profits were reinvested back into the business, distributed to shareholders as dividends, or used for other purposes, thereby demonstrating the company's financial decisions and strategies.
Cash Flow Statement
The cash flow statement provides a comprehensive overview of the cash generated and utilized by a business within a specific period. It plays a vital role in understanding the inflow and outflow of cash within the company. This statement is crucial for business owners and potential investors as it discloses cash flow activities related to operations, investments, and financing. Additionally, the cash flow statement includes factors such as depreciation, gains or losses on assets, and changes in current assets and liabilities, further enhancing its relevance in assessing the financial health and liquidity of the business.
Accounting Services for Startups
AccountingInc. is a specialized accounting and tax firm that focuses on providing comprehensive support to startups and early growth businesses. Our expertise lies in helping startups effectively navigate their financial data, enabling them to gain control and plan strategically for the future. When you partner with us, you receive the advantages of having a virtual CFO without the high cost typically associated with such services. Our team can assist your business in achieving growth through services such as real-time budgeting, cash flow forecasting, tax planning, and implementing improved bookkeeping practices. With our support, you can drive your business forward with confidence and efficiency.
- Incorporation and Registration with state agencies
- Advice for C-Corp, S-Corp versus LLC
- Registration with the IRS & state agencies
- EIN Number
- Sales Tax ID
- Unemployment Tax ID
- Business plan development
- Cash flow management
- Revenue recognition
- Legal business structuring
- Payroll & Insurance setup
Raise Capital
Securing sufficient funding is often the primary challenge for startups on their path to success. At AccountingInc., we specialize in providing guidance and advice to startups at various stages, whether they are pre-revenue, have secured seed funding, or are seeking series A funding. We understand the crucial importance of organizing your finances effectively as the initial step towards attracting capital investment for your business. Our expertise can assist you in preparing your financials, developing accurate projections, and presenting a compelling case to potential investors. By working together, we can help you overcome the funding barrier and set your startup on a trajectory for growth and success. We can help.
- Profitability assessment
- Secure a business valuation
- Fine tune your business model
- Streamline expenses
Tax Preparation Services
Navigating the complex landscape of payroll taxes, federal taxes, state taxes, and sales taxes can be overwhelming for startups. At AccountingInc., we specialize in working closely with startups to optimize deductions and minimize year-end tax liabilities. Our goal is to ensure that your business takes full advantage of available tax benefits. Additionally, we offer personal tax return preparation services for business owners, ensuring seamless integration between personal and business tax obligations. In the event of any IRS disputes, we provide comprehensive support by addressing and responding to letters from the IRS, helping to resolve any issues efficiently and effectively. With our expertise and personalized approach, we strive to alleviate the tax burden on your startup and keep your financials in compliance with tax regulations.
- Tax projections and year-end planning
- Business income tax returns
- Estimated tax calculations
- Representation for tax audits
- Extension forms
- Quarterly estimated payments
- Personal tax return preparation
- IRS dispute resolution
Bookkeeping
At AccountingInc., our mission is to support your success by providing customized services that streamline your business operations. To achieve this, we leverage industry-leading platforms such as QuickBooks Online. These cloud-based solutions offer secure access to your financial data, ensuring that you can conveniently manage your finances from anywhere, at any time. By utilizing these powerful tools, we enable you to stay connected with your financial information, make informed decisions, and maintain a strong financial foundation for your business. With our tailored approach and cutting-edge technology, we are dedicated to helping you thrive in today's dynamic business environment. We offer:
- Certified ProAdvisor for QuickBooks Online.
- Quickbooks account setup
- Financial statement preparation
- Organize balance sheets, income statements and cash flow statements
- Bill pay services include:
- Paying vendor bills
- Invoicing customers
- reconciling cash and credit account
Startup Virtual CFO
As an entrepreneur and small business owner, your time and resources are valuable and limited. At AccountingInc., we understand the challenges you face in managing multiple responsibilities. That's why we offer comprehensive services to handle the tedious and time-consuming duties of business ownership. By entrusting us with tasks such as bookkeeping, payroll management, and financial reporting, you can free up valuable time and energy to concentrate on growing your business. Our expertise and dedication allow us to efficiently handle these essential tasks, ensuring accuracy and compliance while providing you with the peace of mind to focus on what you do best – driving your business forward. We provide:
- Financial statement analysis
- Cash flow projections and analysis
- Profitability analysis
- KPI analysis breakdown including:
- Return on Equity
- Profitability Ratio
- Asset Turnover
- Revenue growth
- Gross Profit Growth
- Trends, and more.
- Accounts receivable/payable management
- Comprehensive payroll services and more
Individual and Business Tax Services
Reduce your tax liability and ensure financial stability with our comprehensive planning and preparation services, which include tax-saving tactics for both state and federal filings.
Take advantage of our extensive expertise and experience in tax planning for personal and business finances, as we deliver customised methods that are matched with your objectives.
Navigate tax difficulties with confidence, maximise savings, and maintain compliance, optimising your tax outcomes for both personal and company finances.
AccountingInc. is dedicated to helping individuals, businesses, non-profit organizations, trusts, and estates reduce their taxes through meaningful and proactive tax planning and compliance services. We firmly believe that the most significant value for our clients lies in the planning stage, rather than solely in tax return preparation. Our approach to effective tax planning involves carefully structuring transactions and aligning personal and business events to optimize tax outcomes. This is where we derive our greatest satisfaction – by helping our clients achieve tax efficiency and financial success.
Based in sunny South Florida, our accounting firm takes a personal approach to prepare your individual or business tax returns. We pride ourselves on being proactive advisors who engage in ongoing consultation throughout the year, rather than simply focusing on filing paperwork to meet tax deadlines. By working closely with you and maintaining regular communication, we can provide strategic guidance, address any tax concerns or opportunities, and ensure that you are well-prepared for tax obligations. Our goal is to be your trusted partner in navigating the complexities of the tax landscape, maximizing your tax savings, and positioning you for long-term financial growth.
Business Tax Preparation
With our in-depth understanding of state and federal tax laws, we ensure that your business maximizes available opportunities to save on taxes. Business tax Preparation At AccountingInc., we specialize in developing tax-efficient strategies for various business structures including corporations, S-corporations, partnerships, LLCs, and sole proprietorships. Our goal is to minimize your current and future tax burden by identifying opportunities and implementing effective solutions tailored to your specific needs.
Business Tax Services:
- Business tax planning and preparation services
- Cost segregation and depreciation planning
- Like-kind exchange planning
- Tax projections and year-end planning
- Closely held businesses - Passthrough entities - 1120S, 1065, 1120
- Sales and payroll tax return preparation
- Income tax return planning and preparation
- self-employment tax
- Bookkeeping
- Compliance Advisory
- Planning / Estimated payments
- Self-Employment Tax Consultation
- Local, State, & Federal Tax Preparation
- Tax Deductions
- Tax Planning
- Sole proprietor
- Amendments
- Audits
- Planning
- Local, State, & Federal Tax Preparation
- Tax Deductions
- Bookkeeping
- LLC / LLP
- Amendments
- Audits
- Payroll
- Planning
- Local, State, & Federal Tax Preparation
- Tax Deductions
- Bookkeeping
- S Corp
- Amendments
- Audits
- Payroll
- Planning
- Local, State, & Federal Tax Preparation
- Tax Deductions
- Bookkeeping
- C Corp
- Amendments
- Audits
- Payroll
- Planning
- Local, State, & Federal Tax Preparation
- Tax Deductions
- Bookkeeping
- International tax planning
- Multi-state taxation
- Liquidations & reorganizations
- Form of ownership and employee benefits tax planning
- Assistance in the selection of accounting methods, legal organization and financial reporting
- Business income tax returns
- Tax projections and year-end planning
- Estimated tax calculations
- State income taxes
- Sales taxes
- Payroll taxes
- Respond to IRS letters
- Extension forms
- Quarterly estimated tax payments
Individual Tax Preparation
We strive to make tax preparation a stress-free experience for you. You have the flexibility to either visit our office for an in-person discussion of your situation or securely submit your information through our online client portal. Individual Tax Preparation
At AccountingInc., our team of tax accountants specializes in working closely with executives, entrepreneurs, and multi-generational families to develop tailored tax strategies that can effectively reduce tax liabilities and enhance cash flow. With our in-depth knowledge and expertise, we stay updated on the constantly evolving rules and regulations, ensuring that we provide accurate and comprehensive guidance.
We understand that every client's situation is unique, and we take the time to thoroughly analyze your financial circumstances to identify opportunities for tax optimization. By working collaboratively with you, we aim to implement effective solutions that align with your specific goals and objectives. Our goal is to help you navigate the complexities of the tax landscape, maximize tax savings, and ultimately enhance your financial well-being.
Individual Tax Services:
- Tax return preparation
- Stock option planning
- Multi-State filing
- S. Reporting of Foreign Assets and or Foreign Bank Accounts
- Tax projections and year-end planning
- Individuals: Tax compliance and planning of legal tax saving strategies
- Tax return preparation.
- Personal income tax planning
- Federal Taxation
- State & local taxation
- Multi-state taxation
- Estate and gift tax planning
- Estate and trust administration
- Financial planning
- Tax services for U.S. citizens and U.S. Residents abroad
- Tax problems
- Non-Filed Tax Returns
- Back Taxes Owed
- Payroll Tax Problems
- IRS Payment Plan
- IRS Audit representation
- IRS Liens
- IRS Levies
- IRS Seizures
- Offer In Compromise
- Innocent Spouse Relief
- Now providing formal tax planning services to individuals
- Individual income tax returns
- Tax projections and year-end planning
- Estimated tax calculations
- State income taxes
- Respond to IRS letters
- Extension forms
- Quarterly estimated tax payments
Non-Profit Organizations:
At AccountingInc., we specialize in assisting mission-driven organizations in overcoming the unique challenges they face in financial reporting, tax compliance, and operational improvement. Our dedicated team understands the specific needs of these organizations and provides tailored solutions to help them thrive and achieve their goals.
Nonprofit Tax Services:
- Tax returns preparation
- Financials statements preparation
- Accounting personnel training
- Operational efficiency
- Formation filings
Business Advisory
Shri Associates provides unwavering support throughout your company's journey, customizing business-driven structures to adapt to evolving needs. Our dedicated team understands your goals and develops tailored strategies to optimize processes, implement efficient systems, and enhance organizational structure. We deliver results that drive your business forward, ensuring agility, adaptability, and future-readiness. With Shri Associates. as your trusted partner, focus on your strengths while we customize and execute structures to meet your changing needs.
Entity Selection and Restructuring
At AccountingInc., we understand the importance of choosing the right entity type for your business to optimize liability protection and minimize tax implications. Our knowledgeable team can guide you through this decision-making process, considering your unique business goals and objectives. With our expertise, we can customize and implement business structures that align with your evolving needs, ensuring you have the right foundation for success from the inception of your company through its growth and development.
Mergers, Acquisitions, and Sales
AccountingInc. offers comprehensive expertise in guiding clients through buying, selling, and merger transactions. From strategic positioning to execution, we provide professional know-how, conducting careful analysis and due diligence to determine fair pricing, optimal tax structures, and evaluate financial and cash flow impact.
Business Plans & Financial Forecasts and Projections
We assist in developing a comprehensive business plan that incorporates expected growth, financial projections, and ongoing implementation and updates.
Due Diligence
We offer pre-transaction due diligence services to identify and mitigate issues, preserving and enhancing business value, along with transaction due diligence.
Business Advisory Services
- Business Planning
- Cost Reductions
- Due Diligence
- Forecasting
- Governance, Risk, & Compliance
- Mergers & Acquisitions
- Restructuring & Turnaround
- Strategization & Growth
- Transaction Advisory
- Tax Projections
- Coordination with your other advisors (e.g. investment advisors, attorneys, bankers, insurance professionals)
- Individual income tax planning and compliance
- Investment bookkeeping
- Cash flow analysis and projections
Why Choose Us?
- Big four advising services without the big four fees! Our tailored solutions fit to your specific startup requirements, providing peace of mind and skilled financial management. You can rely on our excellent advice services to help your startup succeed.
- We understand startups and venture-backed businesses. Through our knowledge, we create comprehensive solutions that enable informed decisions and drive transparent growth.
- We take pride in providing unrivalled accuracy and proactive compliance services. We handle complexities and complexity while focusing on deadlines and evolving requirements, allowing you to focus on your main business.
- Achieve seamless collaboration by combining our specialised knowledge with cloud-based bookkeeping software that integrates with accounting programmes for real-time data access and flexible work alternatives. Use our cloud solutions to improve communication, optimise procedures, and maintain accurate financial control.