Designing and Structuring your Business
We will meet with you and discuss your operations and future goals. We will help you make decisions as to the proper structure of your business and actually handle the tasks of getting your company up and going or developed into the entity that best meets your long term goals.
Tax Planning to Minimize Taxes
The difference between tax evasion and tax avoidance is tax planning…and,Federal Judge Learned Hand said in Helvering vs Gregory 69F (2d Cir.1934), “anyone may so arrange his affairs that his taxes shall be as low as possible: he is not bound to choose that pattern which will best pay the treasury: there is not even a patriotic duty to increase one’s taxes.”
This Case was affirmed by the U. S. Supreme Court in Gregory vs Helvering, 293 U. S. 454 (1935). The U. S. Supreme Court further agreed, “The Legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them by means which the law permits, cannot be doubted.”
Tax planning, therefore, is an integral part of our duty to work with you as your financial tax and accounting firm. As a small business shareholder, director or officer, you need to design your business affairs so as to compliment your personal financial goals. In doing so, you may need to consider asset protection plans and estate plans that will make your financial life easier for your family to inherit whether they sell or maintain operations. Where our abilities end, our referring associates begin.We can help you design a plan of asset protection and when challenged, we can bring in legal associates to help round out the plan to its most effective benefit to you and your needs. If you prefer, we’ll happily sit with your attorney of choice and make suggestions for designing a plan that is both tax friendly as well as friendly in other ways.
Strategies involving multi-state corporations, Nevada corporations, limited partnerships, family limited partnerships, and if necessary, bankruptcies to gain a fresh start with a plan to repay your creditors in a manageable manner of re-organization.
Tax accounting is a stepped up version of bookkeeping based on the tax laws for your type of structured entity. We design and customize your books for the purpose of minimizing taxes; shifting where possible, personally paid expenditures into tax deductible expenses by the business entity.Routine tax accounting includes bank account reconciliations, General Excise Tax returns, Sales Tax returns, if applicable, the generating of financial statements from Balance Sheet, Profit and Loss Statement and Cash Flow Statements to formal Projections and Business Plans. There is no job too small nor too large for us!
Complete payroll services for your business including calculation of checks, reports, payroll taxes that are paid monthly, quarterly and annually. Insurance audits are included, TDI reports, Federal Unemployment, State Unemployment, W-2 forms and annual reports. We do not write checks and we never sign checks!
Budgeting and Estimated Tax Payments
Financial Statements are generated by our accounting services. As a tool, this valuable set of reports can help you manage and lead your business towards its goals. Budgeting is a critical part of management. The key is not to have too strict a budget that will only cause one to fall away from the budgeted goals. Estimated tax payments for both business and personal obligations are an integral part of budgeting and setting projections. We can do this FOR you or we can WORK WITH YOU in doing this necessary part of financial management.
Income tax preparation is an annual reporting that is required by just about every country in the world. In the United States, there are state returns in many states, and even local returns that range from city returns, school district returns and multiple types of sales tax and excise tax returns for every different type of entity you can imagine having created for doing business. We prepare all these types of returns. We use the numbers you give us or we handle the books for your entity and pull from our own audited or un-audited numbers to generate such returns. We can advise you as to which governments you must make a reporting for your business and for your personal and family situations. We can advise you as to how to treat various dependents, young or older, in reporting your income and expenses to such agencies.
Abbreviated Services include two types of outside services to you or your organization. (1) I, Sandra Jones, can personally coach you or your designated person(s) in the administration of your business plan. I can do this by listening in on your board meetings or engaging in conference calls with your upper level management and providing advice and/or suggestions regarding issues at hand. (2) I can personally consult with you or your designee in helping with the actual tax accounting issues, legal structuring issues or internal report preparations.
All services listed above are billed at the time of service. An estimate will be given up front and, if necessary, an adjustment is made in the event that the estimated time or extent of work should become greater than first thought.
Business Writing Services
Sandra Jones is a published author and often provides writing services. Whether you need an important business letter written or a full blown business plan for a new,reorganized business, or an investment project. Fees are based on a per hour rate with a minimum $50 for a one page letter.
Business Plans can be prepared in part or as a complete package. You can provide the financial projections, analyses and worksheets or we can. You can provide the graphic artist work to beautify the finished Business Plan, or we can provide that service as well by outsourcing to one of our associates.
We require that you provide all the facts, data, photographs and research materials to be used with the written pages.
Please email or call should you have questions regarding our services or a special requirement not addressed on this website.