Our Services
Precise Tax & Accounting Services, LLC provides a wide range of services to individuals and businesses in a variety of industries. At Precise Tax & Accounting Services, LLC, 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:
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Tax Management Services
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Estate and Trust Planning and Tax Preparation
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Litigation Support and Forensic Accounting
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Bookkeeping/Write-up
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IRS Representation
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Payroll Services
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Cash Flow and Budgeting Analysis
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Business Valuation
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Debt and Finance Advising
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Accounting Services
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Financial and Retirement Planning
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QuickBooks Accounting Help and Assistance
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Entity Selection and Restructuring
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Employee Benefits, Pension, and Profit-Sharing Plans
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Financial Projections and Forecasts
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International Taxation
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Non- Profit Tax Service
Tax Management
At Precise Tax & Accounting Services, LLC, 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 notice
QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.
Precise Tax & Accounting Services, LLC offers the following solutions to help meet your QuickBooks needs:
Personal Training
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
Installation
We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
Setup
We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Support
Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Review
Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about
Accounting 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. Precise Tax & Accounting Services, LLC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include but are not limited to:
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General ledger and financial statement preparation
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Bookkeeping (Monthly, quarterly, or annual)
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Accounting system setup and supportPayroll processing
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Cash flow budgeting and forecasting
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Personal financial statements
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Employee benefit and profit-sharing plans
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Corporate tax planning and return preparation
Financial and Retirement Planning
At Precise Tax & Accounting Services, LLC's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Precise Tax & Accounting Services, LLC can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
Bookkeeping/Write-up
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Precise Tax & Accounting Services, LLC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
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.
Litigation Support and Forensic Accounting
Precise Tax & Accounting Services, LLC litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Precise Tax & Accounting Services, LLC 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.
Payroll Services
Precise Tax & Accounting Services, LLC'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.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Precise Tax & Accounting Services, LLC 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 future.
Employee Benefits, Pension, and Profit-Sharing Plans
Choosing and administering benefit plans for your employees is often a complex process. Precise Tax & Accounting Services, LLC can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Precise Tax & Accounting Services, LLC 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. Depending on your needs, our work can range from top-level reports to detailed financial models.
Business Valuation
The range of needs for valuing businesses continues to widen, and Precise Tax & Accounting Services, LLC 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. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.
Debt and Finance Advising
Whether your needs are corporate or personal, Precise Tax & Accounting Services, LLC's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.
Non-Profit Tax Services
Non-Profit Tax
Over the years, our firm has advised many of the largest and most complex entities in the tax-exempt industry. We have the particular expertise in preparing Forms 990 and 990-T. We apply knowledge of current tax law to minimize liabilities and protect exempt status. We understand the importance of knowing each client’s unique situation and closely monitor ever-changing tax laws and regulations.
In addition to Form 990 and 990-T compliance, we regularly assist with issues such as: Unrelated business income (UBI) tax analysis Privation foundation tax analysis Tax implications of “alternative investments” Cost allocation analysis for UBI activities Financial reporting Intermediate sanctions regulations Public support calculations Compliance with IRS lobbying regulations Exempt status consulting Charitable donation reporting Executive compensation planning Independent tax review (FIN48 adaptation) IRS compliance regarding fundraising activities Direct mail solicitations
The benefit of working with a mid-sized accounting firm such as ours is direct access to our professionals to ensure you benefit from significant experience and the highest quality of service delivery.