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Business Tax Preparation

Our dedicated team of tax advisors can help you understand and navigate the challenging tax world. Our team has extensive experience with federal and state tax issues regarding the taxation of corporations, S corporations, LLCs, and other forms of partnerships, gifts, estates, trusts, pensions, and much more. We offer much more than standard tax compliance work. We guide you to preserve wealth, optimize taxes, and maintain state and federal compliance. Our advisors work diligently to make sure you are taking advantage of the many tax planning strategies available.

Tax Services For Business
Strategic tax planning opportunities to minimize or defer income
Coordination of personal and business tax issues with a focus on minimizing taxes.
Timely completion and thorough understanding of all tax reporting requirements.
Timely advice on acquisition-related tax issues and tax returns.
High level review of prior year’s federal and state income tax return for new clients
Audit Representation in tax returns

Individual Tax Preparation

Whether it’s for an individual or a business, it’s critically important to make sure your tax return is prepared correctly and on time. The process of preparing a tax return is not only highly technical but also requires specialized knowledge. With revised income tax compliance, the majority of returns need to be submitted online. Your state tax liability is not always limited to the state in which you reside or do business. We can help you file multi-state, resident, and non-resident returns, coordinating your deductions and credits to maximize your tax savings.

Expect the following tax planning services when you work with SFS
We file your return online to make sure you get your refund faster
We’ll find possible deductions to limit next year’s tax liability
After the return is completed, our computer software will double-check it prior to submission to the IRS
An in-depth tax interview
Amended returns
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Accounting Services For Small Business

At the accounting and bookkeeping service of SFS, you'll find accounting and bookkeeping professionals who are willing to build the close relationships you need to add to your company's long-term value. Not all small business accounting firms or accounting consulting firms will offer such affordable bookkeeping. With SFS virtual accounting services, your company’s physical location will never be a problem. The remote bookkeeping expertise of our virtual accounting professionals will free you and your staff to concentrate on the vital task of running your business.

Services we provide include
Bank account reconciliation.
Income statement, balance sheet and other financial statements.
End of year adjustments, depreciation, and general ledger.
Reconcile balances against statements.
Corporate tax planning and return preparation.
Bookkeeping (Monthly, quarterly, or annual).
Reconcile balances against statements.
Corporate tax planning and return preparation.

We can set up financial reports for your review to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance. Request information about Accounting Services

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QuickBooks/ Bookkeping

We provide online and remote bookkeeping services small to medium size businesses and not for profit organizations. Outsourcing your books to us will be a cost-effective decision compared to hiring in-house. We work in the cloud and can service your books no matter where you are located. Our team consists of professional and experienced bookkeepers who are Certified in QuickBooks.

Services we provide include
Bank Reconciliation
Receive bank and credit card statements via scan, email or fax.
Download statements directly from websites.
Update Quickbooks daily.
Reconcile balances against statements.
Fixed Assets Reconciliation.
Accounts Payable
Receive vendor bills via scan, email or fax.
Enter vendor bills.
Vendor balance reconciliation.
Expenses Accounting.
Maintenance and Updating of Miscellaneous Expenses.
Accounts Receivable
Create Customer Invoices.
Weekly customer balance summaries.
Financial Reporting
Reconciliation.
Balance sheet.
Profit & loss .
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Payroll

Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date? Whatever type of business you operate, whatever your payroll needs are, SFS provides a better, more cost-effective way to manage your payroll. Contact us today for an affordable quote and find out what is right for you!

Frequency
Weekly.
Bi-Weekly.
Monthly.
Quarterly .
Taxes
Quaterly reports 941/RT-6.
Year end reports 940.
Forms W-2 / 1099-MISC.
Federal ans state payroll taxes payments.
Worker's Compensation Audits.
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Sales Tax

The requirement for businesses to collect and remit state & local sales taxes is one of the few certainties of business life. Even as state revenues continue to rise, state tax authorities are still seeking new revenue opportunities and conducting more audits. Assessments and penalties are rising steeply. Sales and use tax liabilities can be substantial. For some companies, a failure to implement and apply proper sales and use tax practices may represent a significant deficiency, or even a material weakness, in internal control over financial reporting.SFS can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. We can help your company in its effort to achieve compliance, cut costs, mitigate risks and effectively address sales and use tax exposure.

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New Business Formation

Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date? Whatever type of business you operate, whatever your payroll needs are, SFS provides a better, more cost-effective way to manage your payroll. Contact us today for an affordable quote and find out what is right for you!

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Audit Representation

Tax audit representation, also called audit defense, is a service in which a tax or legal professional stands in on behalf of a taxpayer (an individual or legal entity) during an IRS or state income tax audit.

During an income tax audit or examination, the IRS and all states allow a taxpayer to have an authorized representative. The representative must have permission to practice before the IRS or state, and specific credentials are required. The types of representatives who are allowed to represent taxpayers before the IRS in income tax audits include attorneys, CPAs, and enrolled agents.An audit representative develops the strategy used to defend the taxpayer’s position. He or she assists the taxpayer in preparing all documents requested by the taxing authority and typically attends all meetings and handles correspondence on behalf of the taxpayer.

Don’t ignore the letter

Ignoring the IRS is the worst possible thing you can do. The situation won’t go away.While you should write back as soon as possible, you or your audit representative can ask for more time to gather the paperwork and forms. A two week extension is not an unreasonable request of your IRS agent.

Get Audit Representation from SFS

If you have received that dreaded letter notifying you that your return has been selected for an audit, do not fear! We have represented many clients in both personal and business tax audits. Even if you do not believe that you have done anything wrong or are unsure of why you are being audited, we don’t recommend that you attempt to represent yourself.

We will provide you the experience and professionalism when dealing with your IRS or State audit. For a personal audit it is important to understand that returns are usually selected for statistical reasons. By contacting us we are able to become a buffer between you and the IRS and/or State. If you have a business audit, it is important to understand your rights. Before you allow them to take computers, records, even enter your place of business, stop and understand your rights.