Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Business Accounting & Tax Professionals, Inc.'s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues.

These services include but are not limited to:

• General ledger and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Accounting system setup and support
• Payroll processing
• Cash flow budgeting and forecasting
• Personal financial statements
• Corporate tax planning and return preparation

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Business Accounting & Tax Professionals, Inc. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

The range of needs for valuing businesses continues to widen, and Business Accounting & Tax Professionals, Inc. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate the value of your business or other entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Business Accounting & Tax Professionals, Inc. cash management service allows you to know when, where and how your cash needs will occur, maintain optimal cash flow levels by tracking sources and uses, forecasting and budgeting accordingly . You can avoid a cash crisis by allowing us to develop a cash flow projection for you. We can develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs. We can also prepare historical cash flow statements to help you gain an understanding about where all the money went.

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Business Accounting & Tax Professionals, Inc. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Professional representation can be vital during an audit or collection procedures, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, or have past due taxes, the professional representation you will find with our firm can put many of your worries at bay. Our knowledge of the intra-workings and strategies employed by government agencies will be a direct benefit to you.

An Offer in Compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer's liabilities for less than the full amount owed. Once a valid OIC is filed, the IRS is prohibited from taking collection action against the taxpayer until after a determination is made and after the appropriate appeal period. However, an OIC is not for everyone and many requirements must be met before the IRS accepts an OIC debt settlement.

Business Accounting & Tax Professionals, Inc. will review your situation and help you determine if you would qualify for an OIC and if it is the best alternative for you to eliminate your tax debt. If you meet the IRS criteria and decide to proceed, we can contact the IRS for you and negotiate your OIC.

If you do not qualify, we can consult with you regarding other debt relief alternatives such as:

• Installment agreement
• Partial-pay installment
• Currently Not Collectible (CNC) status
• Innocent Spouse relief

Business Accounting & Tax Professionals, Inc. can help you reduce the time spent on payroll administration allowing you to do what you do best; run your business. We can take care of your payroll processing needs including preparation of payroll checks and detailed payroll reports while making sure your employees always get paid on time. We will ensure your compliance with all regulations regarding calculating, filing, depositing and reconciling your payroll taxes, so you never have to be concerned about those dreaded penalties and interest.

Our available payroll services include:

• Payroll preparation
• Federal payroll tax filings
• State and local (if necessary) payroll tax filings
• W-2 and W-3 preparation
• 1099 preparation
• Unemployment claims
• Worker's compensation audits
• After-the-fact payroll
• Detailed payroll reports

We realize that our full array of payroll services may not be appropriate for all businesses. For some clients, factors such as number of employees, budget, timing of payroll, etc., may indicate that other alternatives such as payroll leasing companies, online payroll services, or in-house software, or a combination of one of these along with some of the services we offer, may be more appropriate.

Together we will determine which payroll option will be the easiest, most accurate, convenient and cost-effective for you.

Business Accounting & Tax Professionals, Inc. will prepare and file your return electronically so you are always on time with no chance of penalties so you can concentrate on your business.

Business Accounting & Tax Professionals, Inc. is uniquely qualified to handle the most challenging tax issues as well as prepare simple returns in a cost-effective manner. Since 1995, we have provided high-quality, affordable tax preparation services. Our clients appreciate our year-round support and their ability to work with the same tax preparer year after year. This relationship offers you a personalized service that you can’t get from the seasonal tax preparer or service. Through our training and specialization, we have the resources to consult on unique tax issues, recommend tax-saving strategies, and serve as your advocate in tax matters, should the need ever arise. Our goal is to ensure that you pay as little tax as required by law. Throughout the year we monitor tax law changes that may affect you.

Preparing income tax returns should not only focus on minimizing your taxes and maximizing your refund, but should also maximize your after-tax income. We track tax law changes year-round so we are always ready for your situation.