Absolute Tax & Accounting provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
The strongest reason for using a professional accounting service is to free up your time so you can do what you do best with your time. Let us do what we do best with ours. Sure, you can go down to the nearest office supply store and buy the latest and greatest QuickBooks. But the negative effects of that move can be disasterous.
First, QuickBooks makes everyone feel like an accountant. Let's not forget the 5 years of business school for accounting, plus, in some cases, a 3 or 4 day exam. While it is not necessarily difficult, an accountant will look at things much differently than a bookkeeper. We are accountants. We are not bookkeepers. QuickBooks, as with most software, is only as good as the data that is entered into it; meaning, it won't prevent you from making goofy payroll or financial statement entries.
Most importantly, would you rather be closing your next sale or relaxing on a Sunday with friends and family? The alternative is getting sucked into the world of accounting at the hands of your latest QuickBooks purchase.
Keep in mind, the longer you put off your record keeping, the greater the chance is of missing transactions or losing the documents related to transactions. Focus on growing your business, and we'll focus on reporting it to the IRS while minimizing the tax consequence.
At Absolute Tax & Accounting we provide tailored accounting services to meet the specific needs of each client. While counting money may not be the same thing as making money, we believe that a well-run organization requires timely, meaningful and reliable financial information. We work with clients of all sizes and industries to design and monitor accounting systems that get the right information to the right people.
While collecting and organizing information is critical, we don't stop there. We help our clients analyze and interpret their financial information. Whether it is understanding the key drivers for past performance or projecting and planning for future growth, we can provide the information, insight and analysis that will help you make the critical decisions that will lead to sustained success.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Absolute Tax & Accounting can steer you closer to these goals with accurate record-keeping and reporting.
Absolute Tax & Accounting can assist with your accounting needs regardless of size and scope. We can help startup companies select and implement accounting systems, or provide specialized services for long standing businesses.
Our services include:
- Financial Statement Preparation and Analysis
- Cash Flow Analysis
- Lease vs. Buy Decisions
- Accounting System Setup and Development
- Accounting Systems Outsourcing
- On-Site Accounting Assistance
- Personal Financial Statements
- Depreciation and Amortization of Long Term Assets
- General Ledger Assistance
- Payroll Services
- Accounts Payable and Accounts Receivable
- QuickBooks & Peachtree Consulting
- Bank Reconciliations
- Preparation of Projections and Forecasts
- Individual & Business Income Tax Preparation
- Tax Planning
What We Offer With Accounting Services
Absolute Tax & Accounting offers accurate and comprehensive financial reporting with our accounting services. An in-house bookkeeper is good, but another set of objective eyes can prevent errors and possible fraud. Banks, Lenders and Governmental Tax Agencies prefer accounting records and financials that have been prepared by an outside accounting firm.
Even if we don't do the data entry for you, at least consider using us as a backup to your current accounting. This type of insurance can help you sleep at night.
Lastly, when we are involved in your financial world, we can offer healthy and sound business consultation and tax planning services.
Anyone can crunch numbers, but we crunch numbers AND tell you what they mean. Plus we offer business consultation and coaching to create a successful future.
Contact us to learn more about our Accounting Services
Accurate record-keeping is essential to a successful business, yet, can also be complicated and time consuming. Absolute Tax & Accounting can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
We encourage preparation of business financial statements on a monthly or quarterly basis. However, preparation of financial statements can be done annually as well.
Contact us to learn more about our Bookkeeping / Write-Up Services
We offer value added services that help you structure and manage your business to its best advantage. We help new businesses get off the ground and provide objective assessments of existing ones. We help you establish policies and procedures to protect vital assets. You reap the benefit of increased efficiency, control, and insight.
New Business Formation
Are you thinking of joining the ranks of small business owners? Along with a great idea and strong sense of the market you'll serve, you'll need a business and financial advisor who can help your dream take flight while keeping your feet firmly planted on the ground.
We can help you:
- Develop or refine your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget
- Select a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability
- Prepare and file all required state and local licenses and permits
- Apply for your Federal Employer Identification Number (EIN)
- Identify start-up capital needs and available resources to address them
- Examine your borrowing power and provide coaching on how to cultivate a mutually beneficial banking relationship
- Select the right accounting software and establish the appropriate chart of accounts
- Establish billing and collection procedures to maximize your cash flow
- Establish procedures to monitor and control costs
- Provide payroll and payroll tax filing when and if you hire employees
We're eager to get your business off to a good start.
Contact us to learn more about our New Business Formation Services
We help you establish appropriate internal controls to ensure proper handling of resources and guard against employee theft. Some best practices include:
- Segregating duties across multiple individuals to minimize exposure to error and inappropriate behavior
- Establishing lines of authority and the associated processes for transaction approval
- Assigning responsibility for periodic review and reconciliation of financial records by someone who was not involved in executing transactions or preparing statements
- Scheduling periodic manual counts of equipment, inventory, and other tangible property to ensure alignment with the accounting records
- Documenting policies and procedures as guideposts for your employees' day-to-day activities
- Training employees on their respective job duties and establishing appropriate levels of ongoing supervision
- Reviewing operations to ascertain whether results are consistent with established goals, objectives, and protocols
Contact us to learn more about our Accounting Services
Business Advisory Services
Consulting Services – We partner with our clients to help them reach financial success and create strategies that drive growth and profits.
Business Entity Selection – We assist new or existing businesses with the process of choosing a business entity including analysis of tax ramifications, legal protections and employee benefit options. We will submit federal and state applications for identification numbers.
Business Planning – We help new or existing businesses lay the groundwork for business success. We meet with business owners to determine their short and long-term plans and develop a business plan that will guide them for future success.
Contact us to learn more about our Business Advisory Services
Cash Flow & Budget Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Absolute Tax & Accounting can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly.
To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Contact us to learn more about our Cash Flow and Budgeting Services
There are three levels of assurance provided when creating financial reports: Compilation, Review and Audit. Each level has unique standards as governed by professional organizations such as American Institute of Certified Public Accountants (AICPA) and Generally Accepted Accounting Principles (GAAP). The majority of small business owners only require compiled financial reports. When we compile financial reports for your small business, your financial reports are considered compilations, and are limited to internal management use only.
Compilations are normally requested for internal purposes and are based upon information provided by a company's management. They do not offer any assurance, but may involve some adjustments to accounting records.
Anyone can crunch numbers, but we crunch numbers and tell you what they mean, as well as offer business consultation and coaching to create a successful future.
Contact us to learn more about our Compilation Services
Pursuing a passion and making it into a business is a great way of life, but certain foundational steps need to be in place for long-term success. Liability, self-employment taxes, retirement savings, accountable plans, etc. are all considerations that many small business owners neglect. What type of entity should you be: an LLC? C-Corp? S-Corp? Perhaps a Limited Partership? We can help.
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Absolute Tax & Accounting 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.
Contact us to learn more about our Entity Selection Services
Professional representation can be vital during an audit, 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, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
If you have been selected for an IRS audit, professional representation can set your mind at ease. We'll take the lead in dealing with the tax authorities based on our familiarity with their procedures and our intimate knowledge of the tax code.
Even if you have not been targeted for an IRS Audit, you may be aware of problems that can catch up with you eventually.
We'll work with you to review your prior tax years and make sure that all of your tax filings have been submitted accurately. If you don't know what's included in your tax record, we'll help you get copies from the tax authorities without raising any "red flags." We'll assess your tax liability and the associated interest and penalties. We'll work with you on an approach to negotiation. It is far better to face your problems than to wait for them to land on your doorstep. We're here to help in any way we can.
Contact us to receive more information about our Tax Preparation, Planning, Audit Support, and Troubleshooting services.
Financial Projections & Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Absolute Tax & Accounting combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come.
Forecasting business revenue and expenses during the startup stage can be difficult. Many business owners complain about the amount of time that is required to put together forecasts with any degree of accuracy. However, by putting in the time now, proper financial forecasts will help you develop operational plans that will make your business a success.
Contact us to learn more about our Financial Projections Services
Absolute Tax & Accounting's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Each business has unique payroll challenges and we have the flexibility to offer the payroll services that you need.
We are always up-to-date on the frequently changing payroll tax laws and reporting requirements. We have the expertise to handle payroll processing and reporting for businesses of any size.
We offer complete payroll processing, including direct deposit of employee checks and payment of all payroll taxes and withholding. We also offer monthly and quarterly payroll tax reporting for employers who prefer to prepare their own paychecks.
- Complete Payroll Processing
- Remote Payroll Processing
- Direct Deposit Service
- Compliance with Employment Law Updates and Changes
- Monthly and Quarterly Payroll Tax Reporting
- Annual Payroll Tax Reporting and W-2 Preparation
Managing employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There's a host of government reporting and recording keeping requirements that comes with the job, and there are adverse consequences if you get it wrong.
5 good reasons for outsourcing this function:
- You'll save money by letting the experts attend to the task efficiency and accurately
- You'll avoid penalties associated with payroll tax calculation errors or missed filing deadlines
- We'll handle employee questions and concerns
- You'll receive comprehensive reporting to help manage your business and attend to any special requirements
- You'll gain valuable time to focus on running your business
We offer two payroll service options to meet the needs of different business owners and non-profit clients. These services include:
- Vacation, sick, and personal day accruals and tracking
- IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits
- Monthly, quarterly, and annual payroll tax reports
- New hire file creation and reporting
- W-2, W-3, and 1099 preparation
The service option you choose defines how payments are processed:
Comprehensive Payroll Processing Service: We manage the secure check processing and / or direct deposits
After-the-Fact Payroll Service: You process all of the payments, and we post your payroll records and information into our data system and handle all of the other payroll functions.
We can also provide ad hoc services, such as:
- Worker's Compensation Audits
- Unemployment Claims
- Social Security Audits
- Child Support Audits
- Federal and State registration
- Contact us to learn more about our Payroll Services
At Absolute Tax & Accounting, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing, as well as recently altered tax laws. We are knowledgeable, up-to-date on the tax laws, and can make sense of your receipts, bills and notices.
Contact us to learn more about our Tax Management Services
At Absolute Tax & Accounting, we work closely with our clients to ensure that their hard work and sacrifice provides for what matters most to them. Whether you are a business owner or an employee saving for retirement, we will work to help you achieve your goals. We provide tax return preparation, tax planning and many other services to help protect and improve the financial well-being of our clients.
We understand our clients work hard for their money. We also know that sometimes hard work alone is not enough.
That's why we work diligently to bring the right solutions and recommendations to each client's situation. We are dedicated to understanding our clients and applying our experience and insight to help them achieve their goals.
Our services for Families & Individuals include:
- Tax Compliance
- Tax Planning
- Local, State and Federal Tax Planning
- Retirement Planning
- Charitable Planning
Absolute Tax & Accounting serves business clients from a wide variety of industries. We have experience across multiple industries which provides us with a unique set of tools to serve our clients. We provide tailored solutions to meet our clients' needs.
Many of our clients are small, closely-held businesses. This means that the interests of both the business and its owners must be considered at all times. We are dedicated to delivering value-added services to all our clients.
Tax law is a complicated affair that changes with each season. Through rigorous professional training, participation in continuing education classes and routine participation in industry briefings, we gain knowledge of the current tax law, complex tax code, and new tax regulations. This discipline enables us to offer a full range of tax planning, preparation, and support services.
Are you anxious about filing your own tax returns? Even a simple return may require multiple forms. The instructions often evoke more questions than answers. While a computer software program may help, there's no substitute for the knowledge, quality of service and advice you'll receive from an experienced tax professional.
Here are a few of the benefits you'll reap when using our service:
- We'll prepare all of the appropriate forms and record all figures and calculations.
- We'll make sure that you receive the deductions and credits to which you are entitled.
- We'll file your return electronically to speed delivery of refunds.
- We'll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.
- We'll show you how to adjust your finances to take advantage of tax benefits on future returns.
Are you a sole proprietor? Have you been so focused on your business that you haven't paid close attention to your books? Don't worry, we will tidy things up and prepare your Schedule C as part of your personal income tax return. We will even help you set up an easy system to keep your books current going forward.
Proactive planning is the key to minimizing your tax liability. We work with businesses and individuals to pay the least amount of tax required by law.
Your unique circumstances will determine the strategies that we can employ to maximize the money you keep in your pocket.
Absolute Tax & Accounting provides a variety of tax planning services for individuals and businesses. We research and analyze your tax situation to provide tax projections and specific tax planning advice. We work to understand both business and personal factors which affect tax planning.
Absolute Tax & Accounting is experienced in representing taxpayers before federal, state, and local tax authorities. In addition, we provide advice on the various legal structures for business entities in order to best match your financial goals while maintaining compliance with laws and regulations.
Contact us to learn more about our Income Tax Preparation Services
At Absolute Tax & Accounting, we understand that as a small business owner you have many responsibilities that may include recording the financial activity of your business.
If you are using QuickBooks, we provide a variety of services from the initial setup to ongoing services that will help you get the most benefit out of the program.
We have practical real-world experience in accounting, as well as QuickBooks. Our QuickBooks services include: helping with set up and installation, account preparation, transaction entry, training and ongoing support. As experienced accountants, we understand how QuickBooks works for different types of organizations. We apply this experience to suit our clients' particular needs.
Our dedicated QuickBooks ProAdvisor is here to help you anytime you have a problem or need assistance.
We provide an array of services to help you set up your business on QuickBooks and get the most out of your investment.
Although QuickBooks can be easy to use, it takes expertise and foresight to design the system for maximum benefit and effective control. Moreover, a new system set-up or conversion presents the opportunity to address long-standing gaps, inefficiencies, and annoyances. You don't do it often, so you might as well do it right!
Although we tailor each engagement to each client's needs, here is a list of QuickBooks Set-Up services that we offer:
- Assess accounting and reporting requirements
- Establish hardware and software specifications
- Install the accounting software
- Design and implement the chart of accounts, loading balances as of the start date
- Record outstanding accounts receivables and payables
- Enter ending statement bank balances and outstanding checks and/or deposits
- Enter transactions since the start date
- Compare trial balances from the old and new systems to ensure that all data was transferred correctly
Whether you've engaged us to help with your implementation or you simply need a refresher course on the system, we can provide training on using QuickBooks to manage your business. We conduct sessions at your location and adapt the course content to your set-up and business issues. No need to spend time on capabilities that you won't use! We'll spend as much or as little time as you need on each topic, and respond to any questions and concerns.
A QuickBooks Tune-Up is a great way to prepare for tax time, an important meeting, or a periodic review of your business strategy. In a few short hours, we can review transactions, clean up stray entries, balance the general ledger to subsidiary ledgers, and adjust the chart of accounts to reflect changes in your business model. A Tune-Up can help you make better decisions, minimize the ill-effects of undetected errors, and keep money flowing in the right direction,
A QuickBooks Tune-up is a smart and affordable way to get a handle on your books. Accurate records allow you to make educated decisions for your business and will save you money!
When business owners find QuickBooks baffling, it's generally not because they haven't mastered the mechanics of using the system: it's because they're facing an unusual transaction that doesn't quite fit the patterns with which they're familiar. Fortunately, we're just a phone call or email away.
Give us a call, and we can discuss how to make your life more productive AND easier!
Contact us to learn more about our QuickBooks / Peachtree Services