Have a closer look at our
SERVICES
We specialize in startups and small businesses. We understand the need to control expenses.
Accounting | Bookkeeping
Your books and records must always be perfect. Nothing else will do. There’s no reason for anyone to have to settle for anything else. With today’s software there is no reason for errors.
For your peace of mind, if you have investors or partners, do any financing, or the ubiquitous IRS.
You need perfect books.
Bookkeeping should be a non issue. It is a vital tool every enterprise needs to exist. It is not rocket science, but it has rules, definitions, and requirements (GAAP) which you must adhere to. Your books should always be perfect. There’s no other way, and no reason for them not to. If you ever need financing, this will be key. If you ever have an audit from the IRS you will be grateful for books that provide peace of mind. We can help in choosing your preffered accounting software, and set it all up for you.
An initial meeting to learn about your business and its needs will be critical in deciding how to proceed with accounting software and which features it should have.
Accounting
Here’s where the books whisperer earns their oats. The books talk to you. You have to understand the language and translate it into what the state of the business is. Your financial condition. Spotting trends with your finances which can be either positive or negative in the near future or the longer term. Discussing the forecast for the economy, and the impact of inflation, interest rates, and new or pending legislation which can dramatically change the business outlook, for better or worse.
Preparation for income and other taxes. It is imperative to plan and take action from the start of your fiscal year. Proper attention to this effort can result in great savings come tax time.
Ancillary accounting and bookkeeping services
Services included in your monthly bookkeeping or accounting package:
1099-NEC and 1099-MISC forms, W2s
Services not included in your monthly package.
Quickbooks (or other accounting software) setup, clean-up, or catch-up.
If you have any issues with improper data entry, or software quirks for any reason, or improper data entry into a wrong account, we can help to find the error and the solution to restore your books to perfect order. If needed, the cost this service will be calculated based on severity of need.
Creation of specialized reports, either any complex report from your software, or if you need reports on excel files which you can update yourself easily, or updated by us on an as needed basis.
Florida Sales Taxes:
Reporting and filing of monthly Florida Sales Taxes. Depending on volume price can range between $75 and $200.
Data entry of transactions:
If you have a backlog of data entry of transactions which need recording we can help, Cost will be based on number of transactions. The cost of the Quickbooks software license, or any other software you use or prefer such as Xero, Freshbooks, etc. is your responsibility.
Taxes
Some of the reasons you need a good tax preparer:
Most people are not aware it’s not only legal to have two sets of books, but highly recommended (for some ).
Yes, it’s legal to have two sets of books for management and taxes. In fact, many businesses do this.
Why have two sets of books?
An example of businesses which benefit from two sets of books, are businesses which have depreciable assets, such as the construction industry. For internal and investor purposes, the assets are depreciated according to their useful life, which is the most accurate valuation per financial purposes.
However, the IRS has different rules for depreciation depending on the government’s interest in encouraging capital investment in certain industries, so they allow an accelerated schedule for depreciating an asset to induce further investment in new equipment. Therefore, one financial statement for the IRS and one for the banks and shareholders.
What is your corporate structure? Single proprietor, C Corp, S Corp, LLC? How have you filed, or have you filed, for a specific treatment by the IRS?
Do you draw a salary? How do you account for withdrawals? Which method is best for saving on self employment payroll taxes.
Your decisions on these matters can have a considerable impact on your tax bill.
Website design
Introductory offer:
If you like our website , the one you’re looking at, and if your needs would be satisfied with a similar site only changing the text and pics to suit your your own business, with possibly a few other minor adjustments (such as removing sections and blocks you don’t need, or duplicating some you need more of) you can have the site for $1000. Does not include any shopping cart or payment functionality. We can recommend some websites where you can download royalty free photos to use on your site. You need to make sure the photos or any other items you want to use are royalty free and no copyright issues exist. We are not responsible for any issues arising from any infringement and litigation. Depending on how you want to set up replies to contacts received you may need to pay for an SMTP server service, although you don’t need this extra expense if you reply from your current email service.
All of the blocks used on this website are available and can be included in your website, for a total of 5 pages, at the stated price.
Remember that is only for our work. There are other expenses you’ll have for other things. You will need to pay a hosting company to host the site for you, pay for a domain name, etc. Any other charges which are paid for products or services, SEO optimization, etc. If you plan on having a store, you’ll need a shopping cart and and payment processing etc. for your website and the additional costs for hosting and our work are your responsibility.
Any other site or work will be quoted depending on the complexity and functionality of your needs. Any small additions will be done on a per hour basis.
Business brokerage
We are licensed in Florida to buy and sell businesses and real estate.
Buying or selling, the first order of business is valuation of the business. This is an art/science combination. If you’re selling, your assets, inventory, income statements, property (if any) and equipment will be carefully considered, as well as the intangible assets that make your business appealing. That’s just your book value as a going concern. Then comes goodwill and that’s where your years of hard work and sacrifice should bear fruit.
Whether you’re deciding to retire from your labor of love, or looking for an ongoing business rather than starting from scratch, we can help.
There’s a great deal of things that should be done in preparation to ensure your business is poised to sell at the highest price if you’re selling and much due diligence to perform in the valuation of a business if you’re buying.
While business brokers in Florida charge up to 20% or more depending on the size and complexity of the business, we will start at 10% depending on the size and complexity of the business.
The emotional attachment to a business is much higher than just a piece of real estate. So, oftentimes, there’s an intangible called love, which can make or break a deal.