Churches & Non-Profits
Financial Planning & Tax Office Inc. provides a wide range of services to individuals and businesses in a variety of industries. At Financial Planning & Tax Office Inc., 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:
- Tax Management
- IRS Representation
- Entity Selection
- Bookkeeping & Write Up Services
- Cash Flow & Budget Analysis
- Tax Preparation Services
- Audits, Reviews, & Compilations
- Payroll
Tax Management Services
At Financial Planning & Tax Office Inc., 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 and up to date on the tax laws and can make sense of your receipts, bills and notices.
IRS Representation
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.
These services include but are not limited to:
- Installment Agreements
- Guaranteed Installment Agreements
- Offer In Compromise
- Injured Spouse Allocation
- Innocent Spouse Relief
- Repayment Removal
- Liens & Levies
Entity Selection
Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Financial Planning & Tax Office 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.
Cash Flow and Budgeting Analysis
Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Financial Planning & Tax Office Inc. 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, rebalance 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.
Tax Preparation 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. Financial Planning & Tax Office Inc.’s Tax Preparation services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial Tax Preparation system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Sales & Franchise Taxes
- Overdue/Back Taxes
- Payroll processing (weekly, monthly, quarterly)
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Departmental Tax Preparation
- Multiple Bank Reconciliation
Audits, Reviews, and Compilation
Financial Planning & Tax Office Inc.’s financial statement services comprise all three levels of assurance depending on your company’s needs.
Audits
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.
Reviews
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to Tax Preparation records.
Bookkeeping Service
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Financial Planning & Tax Office Inc. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
Our Bookkeeping service includes but is not limited to:
- Financial Statements
- Balance Sheet
- Income Statement / Profit & Loss Statement
- Check Book Analysis
- Bank Reconciliations
- Multiple Bank Reconciliations
- Trial Balance Sheet
- General Ledger
Payroll Services
Financial Planning & Tax Office Inc.’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.
