Services

We are continually challenging ourselves to achieve more for our clients.

Personal Financial Planning

How can you create Financial Freedom?

Building and preserving your personal wealth requires specialized attention. 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.

We help you…

  • Save enough for a comfortable retirement ​by identifying your retirement  needs, analyzing your assets and sources of retirement income, reviewing  estimated shortfalls, and identifying the best ways to save for retirement  given your financial situation and risk tolerance.
  • Pay for your child’s college education​ by accurately estimating the amount of  money you’ll need, analyzing your assets, reviewing estimated shortfalls and  considering general alternatives and strategies to help address these potential  shortfalls, and developing an optimal savings plan given your financial  situation and risk tolerance.
  • Protect your family in case of you become disabled​ by ensuring you have  enough money in your emergency fund and analyzing your life, disability,  health, home, and auto insurance coverage. We also review your will and  various powers of attorney designed to take care of your affairs in the event  you are incapacitated and can’t manage them yourself.
  • Achieve your investment goals​ by identifying the steps needed to maximize  your investment returns as well as the steps needed to help minimize your risk  while building increased predictability of your investment returns.
  • Leave a legacy for your heirs​ by maximizing the value of your estate by  saving tax dollars, professional fees, and court costs. As well as minimizing the  costs of probate, creditors, lawyers, and estate taxes, which can negatively  impact the value of your estate. We also help you stay in control of your  affairs by providing a road map for passing your estate on to your heirs.

Estate Planning

Estate planning on your own can be complicated and costly. And the list is endless…  state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns,  eligibility of heirs, life insurance, IRA’s, 401K’s, annuities, burial or cremation costs,  and intent regarding death-postponing treatment to name a few. Not knowing your  legal and financial rights often ends up costing you more in the end.

Thoughts of estate planning often bring more questions than answers: Could an heir  be too young to inherit? Should the inheritance be given at a certain age? Is the  intended beneficiary in a shaky marriage with divorce as a possibility? Are there  children from a previous marriage? Should inheritance be protected from potential  creditors of the heir? Are there taxes that can be avoided? Are you able to avoid the  probate court rules, delays, and costs?

Planning what happens to your estate when you’re gone can seem frustrating and  intimidating without qualified help.

You may feel that you’re too young to care about estate planning. Or, perhaps the  reminder of death makes you uncomfortable. You might be tempted to put the whole  thing off, assuming that it will just take care of itself. In all cases, estate planning  ends up saving your family lots of time, heartache and money.

And we can help.

 

Every estate planning situation is different. In order to help you, we want to know  you, your unique situation, and the nature of your relationships. We offer discussion,  recommendations and useful research tools to make your planning simple, efficient,  and worry-free. We are available throughout the process for further discussion  regarding questions, change of circumstances, and alternatives. At every step, we’ll  be there with you.

We help you…

 

  • Clearly define your estate planning goals.
  • Organize and create your estate planning team (experts on law, finance, and  taxes) if you need one.
  • Evaluate and recommend estate planning options.
  • Prepare, organize and review your estate planning documents including  current wills, trusts, health care and power of attorney.
  • Decrease the problems and expenses associated with probate.
  • Lessen taxes at time of death.
  • Arrange for management of your estate in the event you are incapacitated.
  • Draft a working plan for conserving and effectively managing your estate after  death.
  • Transfer the assets of your estate to heirs the way you want.
  • Organize fair and adequate liquidation of estate to cover taxes and other  expenses.
  • Amend your plan as needed. You also get help with…
  • Living Wills and Trusts.
  • Lifetime Family Wealth Transfers.
  • Family partnerships and other business relationships.
  • Leaving money to charities.
  • Preparation for estate and trust tax problems. The hassles and red tape associated with estate planning can be daunting, but you  don’t need to do it alone. Our team is waiting to assist you through every step of the  process.

Elder Care

Financial Assistance for the Elder

As your cherished family member gets older, they may need some help with their  day-to-day financial tasks. Ordinarily simple tasks such as balancing a checkbook and  paying household bills become increasingly difficult for the elderly.

You could take care of their day-to-day financial tasks yourself, if you have the time  and live close. But if you don’t, you may want to consider hiring a professional to help.

With our elder care services, you get the help of a caring, honest and knowledgeable  professional. Someone on your team, looking out for your loved one’s best interest.

Your loved ones get assistance with their daily finances and business duties and you  are kept informed of every step we make. That way, you always know that your  family member’s needs are being met.

Whether your loved one is no longer entirely independent or simply needs extra help  to enjoy their lives, you get help in any of the following areas…

  • Reviewing and paying household bills, budgeting, and record keeping.
  • Assistance with check writing and checkbook balancing.
  • Making sure money is received, receipted, and deposited.
  • Offering second opinions regarding household issues and unexpected  situations.
  • Handling day-to-day financial transactions such as home repairs, routine  maintenance, and emergency medical expenses.
  • Planning retirement account distributions and safeguard against improper  disbursements.
  • Organizing and reviewing personal, financial, and legal documents to  determine what needs to be addressed.
  • Preparing an inventory of personal assets and investments.
  • Identifying and planning their retirement income, needs, and goals.
  • Determining current and long-term cash flow needs by analyzing income and  expenses.
  • Addressing questions about lifestyle, Social Security, pensions, Medicare, and  long-term insurance.
  • Monitoring investment portfolio and other assets in conjunction with their  investment advisor.
  • Preparing, planning and filing income, trust, gift and estate tax.
  • Providing referrals to local services and agencies.
  • Arranging proper level of care, transportation, and caregiver assessment.

Planning for the future is important, and elder care services are crucial to help your  elderly family members maintain their independence and financial freedom. Contact  us today for more information.

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.

Each month or quarter we’ll do the following things for you…

  • Reconcile your bank account
  • Generate an income statement
  • Generate a balance sheet
  • Clean up your general ledger
  • Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You  can customize the package of services you receive by adding payroll, tax planning, tax  preparation, or any of our other services.

 

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank  account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to…

  • Identify lost checks, lost deposits and unauthorized wire transactions
  • Detect and prevent excess/unjustified bank charges and ensures transactions  are posted correctly by your bank
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can’t really know unless all accounts are  reconciled and properly accounted for on your financial statement
  • Manage your cash more effectively. Proper management of funds not only  saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank  about any unauthorized, fraudulent or forged checks presented to your bank  and paid by that bank, you can relieve your agency of responsibility for the  shortfall and transfer the risk to the bank. This reason to reconcile alone  should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank  accounts are reconciled, in balance and that all escrow funds, accounts,  checks and disbursed funds are properly accounted for.

 

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds  an itemized list of all your revenues and subtracts an itemized list of all your expenses  to come up with a profit or loss for the period.

An income statement allows you to…

  • Track revenues and expenses so that you can determine the operating  performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone,  fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a  percentage of sales.
  • Determine your income tax liability.

 

Balance Sheet

A balance sheet gives you a snapshot of your business’ financial condition at a specific  moment in time.

A balance sheet helps you:

  • quickly get a handle on the financial strength and capabilities of your business
  • identify and analyze trends, particularly in the area of receivables and  payables. For example, if your receivables cycle is lengthening, maybe you can  collect your receivables more aggressively
  • determine if your business is in a position to expand
  • determine if your business can easily handle the normal financial ebbs and  flows of revenues and expenses
  • determine if you need to take immediate steps to bolster cash reserves
  • determine if your business has been slowing down payables to forestall an  inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in  providing financial reporting to potential lenders such as banks, investors, and  vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company’s financial records. These records  constitute the central “books” of your system. Since every transaction flows through  the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any  discrepancies such as double billings or any unrecorded payments. Then we’ll fix the  discrepancies so your books are always accurate and kept in tip top shape.

 

Unlimited Consultations

We are always available to spend time with you so you fully understand how to  interpret and utilize the financial information we provide. Our consultations are  already included in our price, so please feel free to call us whenever you have a  question or concern.

Payroll

When it comes to paying employees, laws and the IRS have made the payroll  function a time consuming nightmare for the small business owner.

Small business owners spend an average of eight hours a month performing payroll  functions. That’s 12 full days a year that could be spent generating sales,  prospecting new business opportunities, improving products or services, or  servicing customers.

We offer payroll solutions that meet your business’s needs and enable you to  spend time doing what you do best–running your company.

Why Outsource Your Payroll…

  • It’s Cost Effective
    Use your staff more efficiently by letting us handle payroll and the  associated legal details. Reduce overhead by removing the need to hire  specialized employees.
  • It’s a Time Saver  Our payroll service eliminates the burden of customizing, updating and  maintaining your own payroll system–no more data entry, no more  researching updates or new laws, no more worries.
  • It’s a Time Saver
    Our payroll service eliminates the burden of customizing, updating and  maintaining your own payroll system–no more data entry, no more  researching updates or new laws, no more worries.
  • Worry Free Payroll Tax Filing
    Eliminate the risks of calculating and filing your own payroll taxes by  having professionals do it for you. Federal, state and local payroll tax laws  are frequently changing and becoming more complex. How much time do  you want to spend learning all the rules and keeping your information up  to date?
  • Allows You To Focus On Core Competencies
    Our professional staff allow you to focus on the core competencies of your  business. We are accounting professionals–you get the experts working for  you and with you.
  • Comprehensive Reports  You get a wide variety of user-friendly and accurate payroll reports. For a  nominal fee, we will include union reports, certified payroll, workers’  compensation reports and much more.

Get the Payroll Solution That Best Fits Your Needs

We know that when it comes to payroll service – no one size fits all. That’s why we  offer the following 3 custom payroll processing options.

  1. Comprehensive Payroll Services
    Our Comprehensive Payroll Service takes care of all of the payroll processing for  you, so that you won’t have to. You get…

    • Your payroll checks prepared and printed on-time, every-time.
    • All of your payroll checks are laser printed on “blank” check stock to ensure  maximum security and meet the micro encoding standards as set forth by  the Federal Reserve System.
    • Free Direct Deposits
    • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
    • User friendly, and easy to understand monthly, quarterly, and annual  payroll tax reports, including W-2, W-3 and 1099 forms.
    • Detailed reports on your employee’s vacation, sick days, and personal days  accruals.
    • Creation and filing of the required new hire reports
    • Your payroll records maintained in tip top shape.
  2. After-the-Fact-Payroll Services
    We will take your manually-prepared payroll records and other payroll information  and post this information to our data files, so you get…

    • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
    • User friendly, and easy to understand monthly, quarterly, and annual  payroll tax reports, including W-2, W-3 and 1099 forms.
    • Detailed reports on your employee’s vacation, sick days, and personal days  accruals.
    • Creation and filing of the required new hire reports
    • Your payroll records maintained in tip top shape.
  3. Online Payroll Processing
    You can enter your employee’s hours and earnings securely online and get…

    • The ability to instantly print payroll checks on your own printer.
    • Free Direct Deposits
    • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
    • User friendly, and easy to understand monthly, quarterly, and annual  payroll tax reports, including W-2, W-3 and 1099 forms.
    • Detailed reports on your employee’s vacation, sick days, and personal days  accruals.
    • Creation and filing of the required new hire reports
    • Your payroll records maintained in tip top shape.
  4. Custom Payroll Reports Service
    There seems to be an endless amount of special reports Government agencies  require. We can prepare the following reports for you.

    • Worker’s Compensation Audits
    • Unemployment Claims
    • Social Security Audits
    • Child Support Audits
    • W-2 and W-3 processing
    • 1099 and 1096 processing
    • Preparation/assistance with Federal and State registration forms
  5. How much do we charge?
    In order to give you an accurate price for our payroll services we need to know a  little more about your business and what services you’re interested in. Our prices  are very affordable.

Part-Time CFO Services

Do you need part-time CFO Services?

Growing businesses often reach a point where they need professional financial advice,  but can’t afford a full-time CFO or controller.

If you’re fortunate enough to be in this position then we have the perfect solution for  you. Our Part-Time CFO service gives you a professional financial manager who works  with you to help guide your business to success.

The cost of hiring a full-time CFO can range from $60,000 to over $100,000 per year  plus bonuses and benefits. Our Part-Time CFO services provides you with experienced  support at a small fraction of that cost.

Here’s what you get with our Part-Time CFO services…

  • More time to focus on new services, new customers and other core business  issues.
  • Better understanding of the financial side of your business. So you have less  surprises and more control over the money.
  • Improved decision-making capabilities from clearly seeing the hard and true  numbers of your business.
  • A readily available sounding board to help you with those tough business  decisions and help you clarify your business plans.
  • The comfort from knowing that a professional is overseeing, protecting and  constantly improving the financial side of your business.
  • A professional who establishes strong financial controls in your business to  reduce employee theft and increase profits.
  • Training and managing your accounting staff.
  • Improved quality and timeliness of financial information.
  • Budget preparation and monitoring.
  • Profitability analysis by service or product line.
  • Tax saving strategies.
  • Trend analysis.
  • Assistance in defining long-range plans and the quantification of goals.
  • Cash management.
  • Liaison with bankers, attorneys, vendors, insurance agents, etc.
  • Assistance in obtaining financing from banks, including assistance with  negotiations.
  • Review/negotiation of insurance policies.
  • Development of company accounting procedure manuals.
  • Analysis of equipment purchases, expansions, etc.
  • Mergers and acquisitions assistance
  • Custom designed collection policies and procedures

Audits – Reviews – Compilations

Stockholders, creditors, and private investors often need assurance that the financial  statements accurately represent the true financial position of a company.

stockholders, creditors, or private investors have different levels of risk  tolerance, so we provide three levels of assurance to meet your needs.

Audit – Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and  objective examination of the financial statements, including the verification of  specific information as determined by the auditor or as established by general  practice.

Our work includes a review of internal controls, testing of selected transactions, and  communication with third parties. Based on our findings, we issue a report on whether  the financial statements are fairly stated and free of material misstatements.

An Audit allows you to…

  • Satisfy stakeholders such as employees, customers, suppliers and pressure  groups, as well as the investing community, as to the credibility of published  information.
  • Facilitate the payment of corporate tax, goods and services tax, and other  taxes on-time and accurately, thereby avoiding interest, penalties, and  investigations.
  • Comply with banking covenants.
  • Help deter and detect material fraud and error.
  • Facilitate the purchase and sale of businesses.

Here’s what you get…

You get the highest level of assurance because we go outside your company to obtain  more information. Typically, we’ll have written communication with:

  • Your customers, to check outstanding receivable balances,
  • Your banks, to confirm cash or debt balances and terms,
  • Your vendors, to verify outstanding payable balances, and
  • Your attorneys, for information on pending or threatened legal action.

We also perform physical inspections by observing your inventory counting methods  and perform test counts. We document and test each operating cycle, including sales  and cash receipts, expenses and cash disbursements, and payroll. Our audit papers  include a detailed work program to document the examinations and testing  performed, as well as the client’s supporting work papers.

Audits Not Just for Public Entities

All public companies are required to have an annual audit, but some nonpublic  entities must undergo an annual audit as well. These include local governments,  not-for-profit agencies and other organizations receiving government grants.

Moreover, some financial institutions require audits of nonpublic companies based on  the financing amount and/or the bank’s assessment of the company’s risk. Also,  companies with absentee ownership (such as those owned by investment firms, or  individuals who no longer run the business) may order audits as checks of their  management teams.

Review – Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review  engagement consists primarily of analytical procedures we apply to the financial  statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise  questionable, we may need to perform additional procedures.

A review doesn’t require us to study and evaluate your company’s internal controls or  verify data with third parties or physically inspect assets. Rather, a review report  expresses limited assurance in the form of the statement: “We are not aware of any  material modifications” for the financial statements to be in conformity with the  Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must  include all required footnotes and other disclosures.

Why might a business request a review engagement? It can be a good middle ground,  providing the advantages of a CPA’s technical expertise without the work and expense  of an audit.

Compilation – Lowest Level of Assurance

In compiling financial statements for a client, we present information that is the  “representation of management” and expresses no opinion or assurance on the  statements. Compilations don’t require inquiries of management or analytical  procedures. Instead, we rely on our knowledge of accounting principles and a general  understanding of your business.

Banks often require compilations from an independent CPA as part of their lending  covenants.

Which Report Should You Use?

Each type of financial statement report may suit specific circumstances, depending on  requirements from your client’s bank or other parties, as well as meet budgetary  needs.

Understanding each report’s unique strengths and weaknesses can help you choose the  most appropriate one. Please call if you have questions about which type of report is  right for you.

Understanding each report’s unique strengths and weaknesses can help you choose the  most appropriate one.

Forensic Accounting

Experiencing Fraud? Paltiel Accounting Services LLC can help

Do you worry that you or your business might be the victim of fraud?

Do you need to analyze your financial data to uncover potential misconduct?

Are you investigating an entity for possible acquisition and need to ensure the absence  of financial irregularities? Maybe you’re involved in litigation and require an expert  witness to testify on your behalf?

If any of these situations apply, you need our Forensic Accounting services.

Who Needs Forensic Accounting?

Forensic accounting – also called financial forensics or forensic auditing – is an area of  accounting that investigates actual or anticipated disputes.

Disputes can range from business-related litigation to marital dissolution. We handle  both litigation support and investigative accounting.

Litigation Support 

This area covers accounting assistance for current or pending litigation.
For a litigation assignment, we…

  • assist in obtaining the necessary documentation to support or refute a claim;
  • examine the relevant documentation to form an assessment of the case;
  • review the damages report by the opposing expert;
  • assist with settlement discussions and negotiations; and
  • attend trial to hear the testimony of the opposing expert and provide  assistance with cross-examination.

Investigative Accounting 

Occasionally, you may need to explore whether fraud or misconduct has occurred,  such as employee theft of property or inventory, misappropriation of funds by  employees, kickbacks to employees from outside businesses, securities fraud, and  insurance fraud.

With our investigative accounting services, we bring to bear our accounting knowledge  and experience in the field to give you a clear understanding of the situation. When  you retain our expertise, we skillfully…

  • review the situation and offer suggestions for possible courses of action;
  • assist with the protection and recovery of assets;
  • coordinate with other experts, including private investigators, forensic  document examiners, and consulting engineers; and
  • assist with any necessary civil action or criminal prosecution.

Forensic Investigations Take a Variety of Forms

The services of a forensic accountant are required for a range of investigations across  many different industries.

Here are the most common assignments in forensic accounting:

Disputes Among Shareholders or Partners. ​The compensation and benefits given to  each of the shareholders or partners is one of the more common issues in these cases.

Personal Injury Claims / Motor Vehicle Accidents. ​When economic losses from a  personal injury or vehicular accident are in question, a forensic accountant is brought  in.

Insurance Claims. ​Because insurance policies vary greatly in their terms and  conditions, such engagements require a thorough policy review to determine the  appropriate method of figuring the loss. A forensic accountant can assist from either  the insured or the insurer’s standpoint.

Business/Employee Fraud Investigations.​The investigation of employee fraud often  requires a determination of the extent of the fraud. It may or may not include the  identification of a perpetrator. Many times, such assignments necessitate interviews  of staff who had access to the funds.

Matrimonial Disputes.​ Usually, when a dispute of this nature arises, forensic  accountants must locate and evaluate the disputed assets, be they businesses,  property, or fiduciary.

Business Economic Losses.​These kinds of engagements include contract disputes,  construction claims, expropriations, product liability claims, trademark and patent  infringements, and losses stemming from an alleged breach of a non-compete  agreement.

Give Us a Call

If you think you have reason to be concerned about financial misconduct, please call  us today

Cash Flow Management

Need help with Bank Financing?

Need money to grow your business?

Requesting a business loan without adequate preparation sends a clear message to the lender:  High Risk! Therefore, it pays to be prepared and organized in your approach for financing.
Put your best foot forward by allowing us to prepare a winning loan proposal for you. Our  proposals have a high likelihood of success because they’re created from the lender’s  perspective.

You get the money you need because we know exactly what banks want to see. Even more  importantly, we know how to prove to them that you’ll be able to pay them back.

Our winning loan proposals come complete with…

  • Executive Summary:​ Where we concisely state the purpose of the loan, the exact  amount of money required, an explanation of what the loan will be used for and why it’s  needed.
  • Pro-forma Cash Budgets and Financial Statements:​ We use your data and underlying  assumptions to prepare information that your banker can easily read and buy in to.
  • Owners Personal Financial Statements:​ We make copies of the last 3 years of personal  tax returns for the bank as well as identify the collateral being pledged as security for  the loan.
  • Representation:​ We help substantiate your financial needs/position to your banker in  person.

Business Valuation

What is the value of your business?

Few things are more important to business owners than the value of their business. The  valuation you get for your business can make or break a proposition.

Whether you’re negotiating a merger, considering new shareholders, attempting to resolve  disputes associated with liability, shareholder equity, estate planning or marital dissolution,  objective valuation can make the difference between loss or gain, success or failure.

Business valuation is not an exact science. It’s based on judgment, experience and relevant  information. So, you need professionals who are well qualified, with significant experience in  evaluating all types of organizations.

Our approach is to intimately know your business in order to understand what constitutes its  value. We work closely with you to analyze your operations and historical financial data. Our  in-depth knowledge of your business enables us to provide a well-reasoned, fully documented  and defensible valuation opinion.

We provide a full range of business valuation services for the following needs:

  • Bankruptcy
  • Business Disputes
  • Buyouts
  • Divorce
  • Estate Planning
  • Financing
  • Gifting
  • Mergers & Acquisitions
  • Other Business Valuation Scenarios

Strategic Business Planning

Plan your business strategy with Paltiel Accounting Services LLC

A Strategic Business Plan is much more than a tool to obtain financing. 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. It can ensure that your key leaders are all on the same page, and keeps  both management and staff focused on the tasks at hand.

A Strategic Plan is often needed when…

  • Starting a new venture, product or service
  • Expanding a current organization, product or service
  • Buying a new business, product or service
  • Turning around a declining business

The Strategic Plan provides a blueprint, describing your company, its products, the competitive  environment, management team, financial health, and business risks.

The plan allows you to…

  1. Identify and describe the target customer profile, features, advantages and benefits of  your new venture, product or service.
  2. Justify that your plans are credible by fully researching the need being filled with your  new venture.
  3. Develop marketing plans including full descriptions of targeted promotional campaigns  with implementation timelines. You also get to examine market conditions, the nature  of your customers, as well as your competitors, sales potential, and projected results of  your promotional campaigns.
  4. Develop staffing plans including identifying the key players, skills, attitudes and  expertise needed to build the venture.
  5. Develop management plans including full descriptions of management systems and  timelines for implementation.
  6. Develop financial plans including projected startup costs, operating costs, revenue,  profits, and break-even analysis for the first 3 to 5 years.  Projected financial plans allow you to effectively predict upcoming problems, or prevent  them. In other words, the perspective gained through your Strategic Business Plan can  make a significant contribution to your company’s success, and help you get the funding  you require. In fact, most lending institutions and private investors will not even talk to  you without a solid financial plan.
  7. Identify building and equipment needs including vendors and cost estimates.
  8. Formulate company milestones including timelines for upcoming products and services in  development.

Remember: Failing to plan is planning to fail.

Let us help you develop a powerful Strategic Business Plan that drives your business to the level  of success you deserve.

Succession Planning

Do you have a succession plan in place?

If you own a family business, retirement isn’t simply a matter of deciding not to go into the office  anymore. You’ve got some critical questions to answer like…

“What happens to the business when you’re no longer running it?” and
“Will you have enough money to retire?”

The family dynamic complicates the whole transition because of the relationships and emotions  involved. Most people are not comfortable discussing topics such as aging, death, and financial  affairs.

Comfortable or not, succession planning should be a priority for any family business considering  that more than seven out of ten family-owned businesses fail to survive the transition from  founder to second generation, typically falling prey either to estate taxes or family discord – or  both.

Developing and implementing a well-designed succession plan is essential to the survival of a  family business from one generation to the next.

We help you with these key issues –

  • Keeping it in the family.​ Are you going to pass the business on to your family or sell it to a  third party? We help you weigh the advantages and disadvantages of each of these options.
  • Who’s going to run the business when you’re gone?​ Management and ownership are not  one and the same. You may decide to transfer management of your business to just one of  your children but transfer equal shares of business ownership to all your children, whether  they’re actively involved in the business or not.
  • Minimizing the tax bite.​ The tax burden when transitioning a family business can be  significant. The challenge is that a family business is not generally a liquid asset, but taxes  are typically due when ownership is transferred.
  • Making it fair.​ Transferring family ownership often adds a tremendous amount of stress to  individual family members. We talk with each of the family members to ensure that they  feel they a getting an equitable and fair share of the pie.

What we do for you…

Once we understand how you feel about the key issues above, we begin constructing your  succession plan focusing on these 5 issues…

  1. Business Valuation
  2. Business Restructuring
  3. Tax Consequences
  4. Retirement Projections
  5. Tax Projections

Let us help you pass on what’s taken a lifetime to build

New Business Formation

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It’s everything that comes after the  excitement and thrill has worn off that dictates whether a small business will make it or not. It’s  up to you to maintain and stretch out the “thrill and excitement” period forever.

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and  running a successful business. Success lies in the approach you choose to take. We help you avoid  the common pitfalls that many new small business owners make when starting their new venture.

We help you…

  1. Prepare an initial business plan to clarify your marketing, management, and financial  plans.
  2. Determine your start-up capital needs.
  3. Identify sources of start-up capital and backup sources if needed.
  4. Evaluate and quantify your borrowing power so you know how much money you can get  your hands on if needed.
  5. Select a business structure that best fits your needs by evaluating tax advantages, legal  exposure, ease of operation and portability should you need to relocate.
  6. Select the right accounting software by evaluating your budget, needs and hardware.
  7. Prepare a Cash Flow Budget so you know exactly how much money you need to keep the  business alive each month for the first few years. Unplanned cash requirements are always  emotionally painful.
  8. Establish billing and collection procedures to maximize your cash flow.
  9. Establish procedures to monitor and control costs.
  10. Setup a home office so you can maximize your tax deductions.
  11. Prepare and file all required state and local licenses and permits.
  12. Prepare and file your application for your Federal Employer Identification Number.
  13. Provide payroll and payroll tax filing when you bring on your first employee.
  14. Comply with employment laws so you don’t get hit with fines and unhappy employees.
  15. Identify your business insurance needs.
  16. Develop a solid Partnership Agreement. This is an extremely important document for all  new partnerships and will help prevent a tremendous amount of financial and emotional  problems down the road.

Let us help you succeed by getting your new business off to a good strong start.

Non-Profit Organizations

Let us help with your Non-Profit Organization

We can help you ​setup​ and maintain your non-profit organization’s tax-exempt status by handling  all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its  relations, which includes the following items.

  1. Income Statement​ with very specific revenue and expense categories like donations,  salaries, postage, rent…
  2. Balance Sheet​ with specific categories like cash, accounts receivable, accounts payable…
  3. Functional Expense Statement​ with all the expenses allocated to either program services,  fundraising, or operations.
  4. Individual Program Expense Statement​ that reports all of the expenses for each program  or service like seminar programs or educational mailings.
  5. Revenue Support Schedules​ that detail the organization’s sources of income in specific  categories like charitable donations, membership fees, investment income.

The IRS uses these very specific revenue and expense classifications to determine if your  organization will retain its tax-exempt status. So it’s imperative that you build your accounting  system around these revenue and expense classifications.

Here’s what we do for you…

  • Review and compile your financial statements
  • Design, install, and maintain your Accounting System
  • Weekly, bi-weekly, or monthly payroll preparation
  • Payroll Tax Preparation and Deposits
  • Provide training for your accounting personnel
  • Complete and file your non-profit status application
  • Provide training for your board on non-profit financial statement usage and effective  budgeting practices
  • Prepare and file the 990 and 990T tax forms
  • Prepare your initial start-up documentation, including incorporation, federal employee  identification number (FEIN), and payroll setup with federal and state agencies.
  • Churches:​ We prepare the pastoral housing allowance and other required benefit  documentation to meet the complex dual status of ministers.

If you’re starting a new not-for-profit organization we can help you prepare your organization’s 501  (c)(3) application for tax-exempt status.

Here’s what’s needed…

  • Articles of Incorporation​ containing the Exempt Purpose Statement as described in IRS  Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and  the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b  subparagraph 4 (“Organizational Test”).
  • Employer Identification Number
  • By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members
  • Names and addresses of all Active Members
  • Inventory of Assets​ like cash, furniture, equipment, property, pledges…
  • Inventory of Liabilities​ like mortgages, accounts payable, loans…
  • Rent/Lease Agreements and Contracts
  • Revenue and Expense Statements​ for the last four years or as far back as possible if your  organization has been in existence for less than four years.
  • Written Reason for Formation and History​ of the organization.
  • Organization Mission Statement​ or Statement of Faith or Beliefs for Churches and other  Religious Organizations.
  • Organization Activities, Operations and Programs Documentation​ including your  statement of purpose & operations, food programs, fundraisers,  flyers/brochures/pamphlets…
  • Financial Support Documentation​ including all sources of revenue like contributions,  tithes, offerings, fundraisers…
  • Fund Raising Program Descriptions
  • IRS Processing/Filing Fee

We are happy to prepare any of these items if you need help.
Let us help you setup and/or maintain your non-profit tax-exempt status

Internal Controls

How effective are your operating procedures?

At times you may need a trained outside professional to evaluate your company’s operations to  determine if the appropriate controls are in place to ensure proper handling of resources and to  protect yourself from employee theft.
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 and more profitable by correcting any inefficient or ineffective operating procedures  we find.

What we do for you…

  • Implement segregation of duties so that duties are divided, or segregated, among  different people to reduce risk of error or inappropriate actions. No one person has  control over all aspects of any financial transaction.
  • Make sure transactions are authorized by a person delegated approval authority 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, to determine that transactions have been properly processed.
  • Make certain that equipment, inventories, cash and other property are secured  physically, counted periodically, and compared with item descriptions shown on control  records.
  • Provide employees with appropriate training and guidance to ensure they have the  knowledge necessary to carry out their job duties, are provided with an appropriate  level of direction and supervision, and are aware of the proper channels for reporting  suspected improprieties.
  • Document policies and procedures and making them accessible to employees. The  documented policies and procedures provide day-to-day guidance to your staff and  continuation of duties in the event of prolonged employee absences or turnover.
  • Review operations to ascertain whether results are consistent with established  objectives and goals and whether the operations are being carried out as planned.

Tax Preparation

Get the most out of your Tax Return

Preparing your own income tax return can be a task that leaves you with more questions than  answers. According to a ​study​ released by the US Government’s General Accounting Office, most  taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax  preparer.

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple  return can be confusing. It is just too easy to overlook deductions and credits to which you are  entitled. Even if you use a computer software program there’s no substitute for the assistance of  an experienced tax professional.

Here’s what you get…

  • Your tax return will be checked and rechecked by our computer software identifying  potential problems the IRS may look at more closely and reviewing the math to limit IRS  contacts.
  • Your tax return can be filed electronically so you will get a refund back quicker.
  • Our staff will show you how to adjust your payroll withholding to get more money back  each week. Why give the IRS an interest free loan for up to 16 months.
  • We will show you potential deductions to limit your tax liability for next year. In  addition, we will give you a sheet of commonly overlooked deductions to limit the  following year’s tax liability.

Books a Mess? No Problem!

If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help  you. We’ll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your
personal income tax return. Then we’ll help you set up an easy system that allows you to keep  your books in tip-top shape next year.

Tax Planning

Tax Planning with Paltiel Accounting Services

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. 

We make it a priority to enhance our mastery of the current tax law, complex tax code, and  new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we  continually look for ways to minimize your taxes throughout the year, not just at the end of the  year. 

We recommend Tax Saving Strategies that help you…

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you’ve made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style. 

Here’s just a few of the Tax Saving Strategies we use…

  • Splitting income among several family members or legal entities in order to get more of  the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it  will be taxed at a lower rate. 
  • Deferring tax liabilities through certain investment choices such as pension plans,  contributions and other similar plans.
  • Using certain investments to produce income that is tax exempt from either federal or  state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a  vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in  reduced tax liability through careful planning and legitimate tax strategies.

Tax Problems

Are you having problems with the IRS?

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. The IRS problems will not just go away by themselves; they just keep getting worse with  penalties and interest being added each day.

If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up  to you, but they’re relentless and have no mercy in collecting all the money that is owed. When  the collection process starts, they’ll make your life miserable and literally ruin all aspects of your  life.

Please take a look through our complete IRS problem resolution services by clicking on the links  below.

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 are your  employees’ 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. Our  goal is to get you even with the IRS and let you  start life anew.

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

A Seizure should not be taken lightly. The IRS  will ultimately pursue seizure of your physical  assets; your home, cars, boats, jewelry, motorcycles, insurance polices, 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.

IRS Audit Representation

IRS Audit Representation – Paltiel Accounting Services

Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail.  Audits take significant time away from your business and family, requiring you to gather mounds  of records substantiating each and every item reported on your tax return and develop a  comprehensive understanding of tax law.

The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If  you don’t comply with the Auditors’ wishes, the IRS will recalculate your tax and send you home  with a hefty tax bill as your parting gift.

Many taxpayers decide to handle a tax audit themselves, and discover they may have been  “penny wise,” avoiding a representative’s fee, but “pound foolish,” because they received a  substantial bill for a significant tax deficiency.

You see, IRS Auditors are trained to extract more information from you than you have a legal  obligation to provide. IRS Auditors know that most people fear them and are ignorant of their  rights. As a result, they know they can use that fear and ignorance to their advantage.

Rarely do our clients even have to talk with the IRS. We handle it all for you so that you need  not take time off of your business or job to handle the bureaucracy and paperwork of the IRS.  No lost wages or business. You simply forward notification of an audit to us and we handle it  from A to Z.

Non-Filed Tax Returns

Non-Filed Tax Returns – Paltiel Accounting Services

Every day the massive computer center at the IRS is getting more sophisticated, it’s just a  matter of time before they catch up with you.

This is not a situation to take lightly, failing to file your tax returns is a criminal offense. 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?

Let us give you the peace of mind you deserve by helping you get in compliance with the law. If  you voluntarily file your delinquent returns you’ll likely avoid further problems other than having  to pay the interest and penalties.

If you wait for the IRS to file your returns for you, they are filed in the best interest of the  government, usually with little or none of the deductions you are entitled to.

Before anything can be done to extract you from this predicament all the returns must be filed.  You must be current. In most cases, you will likely owe taxes, interest, and penalties after the  returns are filed. Once we see how much is owed, we’ll set a course of action to get you off the  hook!

Back Taxes Owed

Back Taxes Owed – Paltiel Accounting Services

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.

Payroll Tax Problems

Payroll Tax Problems – Paltiel Accounting Services

The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large  portion of the payroll taxes are 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.

IRS Liens

IRS Liens – Paltiel Accounting Services

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.

IRS Levies

IRS Levies – Paltiel Accounting Services

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  paycheck 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 policies, 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.

IRS Wage Garnishment

IRS Wage Garnishment – Paltiel Accounting Services

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.

IRS Seizures

IRS Seizures – Paltiel Accounting Services

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.

IRS Payment Plan

IRS Payment Plan – Paltiel Accounting Services

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. The good news is that there’s a chance we can get your tax penalties removed.

Offer In Compromise

Offer In Compromise – Paltiel Accounting Services

Did you know that you can settle your debt with the IRS for just pennies on the dollar 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.

Bankruptcy

Bankruptcy – Paltiel Accounting Services

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.

Innocent Spouse Relief

Innocent Spouse Relief – Paltiel Accounting Services Di

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.

Get Your IRS File

Get Your IRS File – Paltiel Accounting Services

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. We can help you obtain a copy of your IRS file and analyze your options

Why QuickBooks

10 Reasons Why You Should Use QuickBooks

QuickBooks is the ideal business accounting software for small to mid-sized business owners.  Here’s 10 reasons why you should be using QuickBooks.

  1. You save time on bookkeeping and paperwork because many of simple bookkeeping tasks  are handled automatically making it easier to run your business.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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!
  9. 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.
  10. 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.

QuickBooks Setup

Never Hesitate to Ask a Question!

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. Email and telephone support prevents 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.

QuickAnswers​ keeps your employees on task.

QuickTune-up

Overhaul your accounting system with a QuickBooks Tune-up

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 QuickBooks Tune-up. 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 QuickBooks Tune-up 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!