- We will reduce the problematic translations from book to tax
An impression will be taken of your business for a structured time period
The accounts will be customized to your business
We will fit you with the tools to understand your operations
You will come in again knowing your books
We also regularly provide unaudited financial statements as needed for the business. Understanding business operations today is the first step in building a better future tomorrow.
By having a full understanding of the year, we will be able to file on-time
Integrating with us we will make the process easy and seamless
FAQ’s
Yes! Every business, regardless of entity type or whether or not they had a profit or a loss, must file a tax return.
Yes, but this practice could have tax implications. The expenses must be properly tracked and accounted for. A qualified business expense is anything that is “ordinary and necessary” to run the business. For more information, check out Publication 334.
Simply put, the Profit & Loss statement is not cash flow. Repayment of debt and other items of the Balance Sheet are not reported on the Profit & Loss statement.