Tax Planning & Preparation

We will prepare your business and personal tax returns including cleaning up any past tax return issues.  We have1040-form expertise in:

  • Sole proprietorship, home-based businesses, and Single Member LLCs
  • Partnerships, Corporations, S Corporations and Limited Liability Corporations (LLCs)
  • Real Estate & Rental Property
  • Multiple State Consolidated Returns
  • IRS Audits


IRS Representation

Should you be audited by the Internal Revenue Service or be in a situation where you debate their assessments, we IRShave decades of experience working with the IRS on behalf of our business and individual clients. Our services include:

  • Audit Representation
  • Payment Negotiation
  • Resolution for Tax Liens or Levies
  • Proper planning and bookkeeping to avoid future problems
  • Available year around

Turnaround and Services for Businesses in Transition

GuidepointIn these difficult financial times, a business owner may find that there are too many expenses left when the cash runs out.  A business can operate at a loss for years but when it is out of cash, it is out of business.  Tim has over 15 years experience helping businesses in transition whether it is caused by financial difficulties, unexpected change in management, or other factors needing specialized education and training.

Tim is associated with Advanced CFO LLC, a firm of professionals who have the special skills to help these businesses. You can find out more about ACFO here.

ACFO has developed a three-step approach to return businesses to stability and profitability.

  • Stabilizing cash flow to help calm creditors
  • Preparing a turnaround or recovery plan tailored to the needs of the business
  • Communicating and implementing the plan.


Monthly Bookkeeping

When you’re company is big enough that you are unable to do it yourself, but not big enough to need an accountingPencil&Calculator department, we are the perfect solution. We will handle the monthly bookkeeping details so you can focus your energies on running your company. We also will supplement internal bookkeeping processes to ensure all entries are being done correctly. Our services include:

  • Accounts Receivable and Accounts Payable
  • Bank, credit card & loan reconciliation
  • Payroll Filing
  • Federal and State Tax Reporting and Filing
  • W-2s and 1099s
  • File Clean-up
  • Quick Books Training

Monthly Financial Analysis

Having accurate data is important, but what you do with that data is even more critical. We will review your financial Reportinformation either monthly or quarterly, with an eye toward growing your cash on hand. We will analyze profitability and make recommended changes for improvement. Our analysis includes:

  • Balance sheet
  • Profit & Loss Statements
  • Cash Flow Statements
  • CRS-1
  • Accounts Receivable Aging
  • Accounts Payable Aging
  • Payroll Reports
  • Interfacing with other professionals

Business Consulting

Because we work solely with small business owners, and we, too are small business owners, we walk your talk. We ideas-and-questionswill provide the outside expertise needed to make informed and judicious decisions. We are available to consult on a myriad of business opportunities and issues including:

  • How much cash do you need to run your business?
  • Business valuation when looking to sell or merge
  • When and what to pay for equipment purchases
  • When to Buy or Lease
  • The financial implications of hiring or firing people
  • When to contract versus hire someone
  • Inventory control