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Services for Startups

Thinking of owning your own business?

Starting a business is difficult and unpredictable, and having the right advice every step of the way is critical. With the experience to consider all the variables, outside advisors can help you think about important considerations, such as what type of entity your company is going to be. Are you going to have partners? Do you need to bring in money from other people, or are you going to self-start this business? How are you really going to make money?

Our advisors begin working with early-stage and emerging businesses on day one to establish a strong footing. Our team is here to explain the options and to help you think through the implications of your decisions, which can be anything from what kind of image you are giving yourself as a sole proprietor to what type of employee benefits can be had through diverse types of entities. In the end, we can work with you to answer the questions necessary to make sure the company you start is one that can grow with you.

We help you...

  • Prepare and file your application for your Federal Employer Identification Number.
  • Prepare and file applications all required state and local licenses and permits.
  • Develop a Partnership Agreement based on your requirements.
  • Prepare Business Plan/projections deck for your needs.
  • Evaluate and quantify your borrowing power.
  • Helping in sourcing start-up capital if needed.
  • Prepare a Cash Flow Budget to help you in forecasting monthly/quarterly cash requirements.
  • Establish process for quote to cash and procure to pay.
  • Establish process for internal controls.
  • Identity, implement and train on accounting software based on your budget and needs.
  • Setup payroll and payroll tax filing when you bring on your first employee.
  • Compliance with statutory filings required as per Federal/State Laws.
  • Identify business insurance needs and find competitive quotes.
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Tax Services

At CPA Tax force, we recognize the specialized tax needs of the closely held business, as well as the business owner and his/her family.

Through our proactive approach we are able minimize the tax consequences of doing business through careful tax planning. This is accomplished by maintaining constant client communication, and being an active member in the decision-making process.

If your organization is in its start-up phase, we can offer advice on tax-related consequences of different corporation entity options. For established businesses, strategies involving year-end tax planning, transaction tax consequences and tax minimization are keys to your company's growth. Our tools for tax planning include the latest and most sophisticated tax planning software available to aid in the most complex tax strategy situations.

We also help clients meet the compliance requirements of the various federal, state and local taxing authorities. Beyond the standard tax preparation services, we will work with you in an ongoing effort to minimize your future tax burden. We process and file all tax returns internally to maintain complete confidentiality of our clients’ information.

The following are tax services that we provide:

Tax return preparation for:

  • Businesses
  • Individuals
  • Not-for-profit organizations
  • Employee benefit plans
  • Trusts
  • Estates
  • Tax planning for individuals and businesses
  • Payroll tax filing
  • Sales tax filing
  • Business property tax reporting
  • Multi-state and international tax preparation and planning
  • Gift Tax
  • Preparation of information returns for non-profit organizations and retirement plans
  • Representation before the taxing authorities
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Accounting Services

Accurate financial data will allow management to make decisions to enhance company operations. Depending on your needs, we can provide the following on a monthly or quarterly basis:

  • Reconciliation of your accounts.
  • A balance sheet reflecting the current financial position of the company.
  • An income statement indicating current period and year to date financial operations.
  • Maintenance of the general ledger.
  • Preparation of financial benchmarking analysis.
  • Accounting system design, setup, and installation
  • Payroll and local taxes
  • Assistance with record keeping and month-end closing
  • Virtual bookkeeper, accountant or controller
  • Assist with Receivables/payables management

You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Account Reconciliation

By reconciling your accounts each month or quarter information becomes available that will fortify:

  • An understanding of how your business is operating.
  • Knowledge of company cash flow. Proper management of funds can save money and in many instances, make money.

Balance Sheet

A balance sheet summarizes a company's financial condition at a specific point in time.

A balance sheet:

  • Illustrates the ability of a company to meet future obligations.
  • Indicates if cash is available for distribution to owners.
  • May identify the need for additional working capital.
  • Helps conclude if a business is in a position to expand.

Income Statement

An income statement, also known as a profit and loss statement, reports revenue and expenses of the company over a certain period.

An income statement can assist in identifying:

  • Trends in company revenue.
  • Historical gross profit. Gross profit analysis will reflect the result of a company's product pricing policies.
  • Cost centers that need further analysis.
  • The capability of generating cash flow.
  • Potential income tax liabilities.

Balance sheets and income statements are the basic reports of company financial statements. Including a statement of cash flows and footnote disclosures along with these basic reports may provide additional useful information. We provide financial reports that allow management to understand the economics of their company and make informed decisions to further the success of the business entity.

Maintaining a General Ledger

All accounting transactions are recorded in the general ledger. The general ledger provides data for the balance sheet and income statements. Since every transaction flows through the general ledger, a problem with your general ledger often materially affects financial reporting data and inhibits the management decision process. We can assist you in maintaining a concise and informative general ledger.

QuickBooks Help and Support

As a small business owner, you may need QuickBooks help from time to time. We offer personalized QuickBooks value-added services for small businesses. We can help with first time setup, cleaning-up problem books, as well as support and training.

Benchmarking

How does your business compare to other companies? We have the ability to analyze pertinent financial data and report your company's positioning in your industry or a similar industry.

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CFO Services

Overall financial management

  • Strategic planning activities
  • Financial statement analysis
  • Budgets and projections
  • Establish and maintain financing
  • Manage risk
  • Merger, acquisition, and divestiture services
  • Corporate workout
  • Turn-around consulting
  • Crisis management
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IRS Audits

At CPA Tax Force, we deal with the IRS so you don't have to. When you are faced with an audit by the IRS you may not know where to turn or what to do. We specialize in working with you to solve your tax problems and negotiate the lowest possible tax debt settlement allowed by law.

We'll talk directly with the IRS for you and negotiate on your behalf. We speak their language and we understand their rules.

Ignoring IRS problems won't help and can make things worse. If you owe taxes the IRS may garnish your wages, your pension, your savings, your property, or even your social security checks. Don't let it get out of hand. We can help.

Services offered:

  • Audit assistance
  • Offer in compromise
  • Relief from IRS collection procedures
  • Negotiate payment plans
  • Correct previously filed tax returns
  • Wage garnishments
  • Bank account levies
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Mergers and Acquisitions

Mergers and acquisitions are complex and often risky transactions. With CPA Tax Force as your partner, it can also be rewarding. We offer unbiased insight and confidentiality, and a true desire to help you achieve a seamless transition and maximum profitability. Our M&A specialists can help maximize the transaction value of your sale and help retain the integrity of the business with a buyer who cares about the business. If you are seeking to acquire a competitor or related business, we’ll also help ensure an acquisition compatible with your business and personal goals.

Our Mergers and Acquisitions Services Include:

  • Business Valuations
  • Due Diligence
  • Business Sale Preparation
  • Corporate Turnaround Services
  • Acquisition Services
  • Sale/Purchase Negotiations
  • Post-Merger Integrations
  • Cultural Compatibility Analyses