Tax Services

gallery-50200894-xs.jpgGiven the complexity of the ever-changing laws and the difficulty of interpreting them, you need a tax advisor who not only can ensure you’ve complied with the law, but who can help you claim valuable deductions and credits you may have not been aware of. We do not only prepare your tax returns in the best-informed, most ethical manner possible, but also work with you year-round as needed to minimize your total tax burden. We are qualified to prepare all federal, state, and local tax returns for: individuals, C and S corporations, partnerships, limited liability companies, estates, trusts, and associations. In addition we can handle multiple state taxation, part-year residencies, which require allocations of income and deductions by state to properly compute each state's tax liabilities, and U.S. tax returns for foreign nationals.

IRS and State/Local Representation

We know the tax laws and we know how your tax return was prepared. We can provide complete representation services before the IRS as well as state and local taxing authorities. We are also experienced in negotiating Offers in Compromise with the IRS.

Accounting Services

Our accounting experience runs the gamut from cash basis, modified cash basis, income tax basis, accrual basis, GAAP (Generally Accepted Accounting Principles) basis, SEC accounting, and OCBOA (Other Comprehensive Basis of Accounting). We have dealt with the following accounting issues: When should an item be recognized in the financial statement, How to quantify the item, How is the item to be presented in the statement, and what other information should be disclosed. (Hint to the small business owner while SEC accounting might be overkill, financial statements prepared for a bank, for shareholder/partners, or a tax return requiring a balance sheet, do require knowledge and proper treatment of the accounting bases and issues.)

The firm provides the following accounting services: preparation of financial statements, performing compilations and reviews, providing accounting and bookkeeping, tracking and analysis of receivables and payables, preparing bank reconciliations, bill paying and check preparation, making and recording deposits, preparing monthly financial reports, and preparation of court accounting reports for fiduciaries of estates, trusts, and bankruptcy.

While we are familiar with several accounting systems, we have found Accounting Relief to be an ideal accounting package that lets you collaborate with us to make and record deposits, write checks, enter bills, schedule bills for payment, and perform other functions. We then access the system to analyze your trial balance and prepare your financials. We are able to customize this system, depending on your needs and your background in accounting, for your benefit, so that it provides an ideal comfort level. Because this system is Internet-based, both of us have 24 hour access and can log in to it securely, without the cumbersome process of transferring data back and forth between your computer and ours.

Payroll Services

We offer a state-of-the-art payroll processing system that lets you collaborate with us and is customized for your specific needs. Our service includes: setting up information on your company and employees, entering your regular payroll data, calculating the payroll, check printing, direct deposit of paychecks, scheduling your tax payments and paying them electronically, and filing your federal and state payroll tax forms. We also will prepare the various year-end reports, W-2s and W-3s. You will receive all the payroll reports you need to run your business efficiently. We also provide advice to comply with wage and hour laws.

We utilize Payroll Relief, an internet based, payroll processing system that fully integrates with our accounting system. This results in less time for recording payroll and performing bank reconciliations, improves accuracy, and helps to keep our fee low. Generally, processing a payroll would entail the client to enter the hours, salaries, and elective withholdings, print the paychecks and pay stubs for direct deposits, while we take care of calculating the payroll, your tax payments, and filing of the tax forms. The system allows for 24 hour secure access by both of us.

Elder Care Services

Our elder services encompass: care management, housing management, paying bills, recording income and expenses, advocacy, needs assessments, referrals, guidance, and guardianship. The practice does not provide hands on care, but helps in arranging and monitoring the care. We are committed to assisting elders maintain a high quality of life, independence and safety.

Unique experience gained by caring for parents 6 years and clients 4+ years. Experience includes dealing with: heart conditions, open wounds, amputation, diabetes, dementia, Alzheimer's disease, hospitalization, discharge, day care, 24 hour home care, physical and occupational therapists, and Medicare. We also advise homeowners on the option of using a reverse mortgage as a source of income.

Business Valuations

Valuations are performed for: buy-sell agreements, estates, divorce, partnership dissolutions, or lost profits damages. Valuations are particularly useful for medical or dental practices buy-ins or buy-outs. We provide litigation support and expert witness testimony. The firm can assist in market evaluations for a new business and business valuations for the purchase or sale of an existing business. Practice is limited to small privately owned businesses.

Business Services

We provide controllership functions for businesses not large enough to afford a controller.
Other services we provide include: writing and developing business plans, projections of profitability, cash flow and financing needs, review of internal controls and work flow, start-up company assistance with choice of entity type and accounting system, and consulting. Consulting encompasses operations improvement, cost controls, variance analyses, and management advisory suggestions. Our goal is to help your business succeed, no matter what the economic climate.

Our accounting and tax background enables us to deal with the complex tax issues encountered in organizing and terminating an LLC/Partnership or S corporation. We also handle conversions such as: single member LLC to partnership LLC, partnership to partnership LLC, S corporation to partnership LLC, C corporation to partnership LLC, and partnership LLC to single member LLC.

We can assist you in your planning for capital acquisitions including the tax consequences and benefits. Our analyses of cash flow sources and uses can be a very important planning tool for companies with seasonal ebbs and flows of sales.

Inventions & Patents

We provide assistance in developing an invention or patent and achieving your goals for the invention or patent. Your goals may be: an outright sale of the invention or patent, to hold the invention or patent and license the product's production and sale, to contract the manufacture and license the sale of the product, to entirely manufacture and sell the product, or some variant of the preceding. Developing an invention or patent includes determining how a product is to be produced, its cost, what are its markets, how it is to be marketed and distributed, what will be its sale price and its profitability. We provide feasibility studies, cost profit volume analyses, business plans and tax planning. Our goal is more than to help you achieve your goal for the invention or patent, it is to help you achieve your goal for the invention or patent efficiently at the lowest cost or to show you that further development of the item is not feasible. It is far less expensive to spend money on a prototype, a feasibility study, a cost profit volume analyses, or a business plan than to abandon a manufacturing facility, terminate leases, and dispose of unwanted inventory.

We provide assistance in obtaining financing to develop the invention or patentable product. Development costs typically include: having models, prototypes and production quality samples produced, testing performed, alternative materials compared, design costs, consultation services with professionals such as engineers and marketeers, and advertising.

Our experience includes work on several inventions and patents, and obtaining FDA approval for a class II medical device.

We are willing to sign nondisclosure agreements.

Medical, Dental and Veterinary Practices

By fulfilling your accounting needs we can lower your costs and improve your service. How do we do it? Applying our experience and utilizing the internet based Accounting Relief system; we can integrate the Accounting Relief system with your daily receipts, your bank deposits and your billing system. We can handle insurance reimbursements and patient co-pays. All checks received are scanned, electronically deposited in your bank account, (no more trips to the bank), the amount of the deposit is recorded electronically in the accounting system, and the deposit information along with the scanned copies of checks & EOB's is transmitted to your billing and collection system. This results in easier bank reconciliations, billing and collection system reconciliations, which save time, improve financial controls and reduce our fee. You can write and print checks, enter bills, and schedule bills for payment. We are able to customize this system, depending on your needs and your background in accounting, for your benefit, so that it provides an ideal comfort level. You will be able to see your current financial picture and customized financial reports at any time because the system is internet-based. Both of us have 24 hour access and can securely log in.

Legal Practices

Whether you are a solo or a 20 person practice we can not only meet all the accounting needs of your practice but also serve as your "back office" for the accounting needs of your fiduciary clients. We can prepare customized accounting reports that are needed for court reporting as well as tax returns for your fiduciary clients. The system we use allows you to collaborate with us to make and record deposits, write checks, enter bills, schedule bills for payment, and perform other functions. We then access the system to analyze your trial balance and prepare your financials. We can customize the system, depending upon your needs and background in accounting, for your benefit, so that it provides an ideal comfort level.
Because this system is Internet-based, both of us have 24 hour access and can log in to it securely. We can prepare and file electronically all of your 1099's.

Retirement Planning

It is never too early to start planning for retirement. We will help you compare the relative benefits of stocks, bonds, and other retirement assets, and will explain the differences between such retirement plans as standard IRAs, tax-deferred annuities, and Roth IRAs. We can analyze your projected income and expenses and suggest investment funding techniques to help you ensure your golden years 10, 20, and even 30 years from now live up to your expectations.


Bankruptcy is a frightening word to hear when you are running a business. However, Our Firm, working with your attorney, will help you through the entire ordeal and guide you through the maze of financial and tax implications that arise. We will also consult with you regarding the benefits of reorganization or the possible necessity of dissolution. On behalf of creditor’s committees in Chapter 11 cases, we can assess the viability of the debtor, and work to maximize distributions to creditors. The firm will assist debtors in filing the required schedules and statements, developing plans of reorganization, claim reconciliation, and liquidation analysis. We support Chapter 7 trustees in liquidating, accounting, and administering their cases.


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