Taxes

Tax Compliance and Planning:

Through Analysis of our client’s financial situation we aim at reducing taxes as well as tax liability. With our extensive knowledge we apply new tax laws and legislation to create an outstanding tax strategy in a manner that is both dynamic and legal.

1-Tax Planning: We'll work with you to develop a tax strategy that minimizes your tax liability and supports your business goals.

2-Tax Compliance: We'll help you navigate the complex world of tax compliance, ensuring that you meet all federal, state, and local tax obligations.

We'll also identify potential areas of tax savings and provide you with advice on how to optimize your tax situation.

Tax Preperation:

Tax preparation is a critical service offered by Advision CPA to help service providing businesses fulfill their tax obligations while maximizing their tax savings. We understand that tax preparation can be a time-consuming and complex process, which is why our team of tax experts is here to help. Here are some of the tax preparation services we offer:

1- Federal, State, and Local Tax Preparation

2- Business Tax Preparation:

3- Individual Tax Preparation

At Advision CPA, we understand that tax preparation can be a stressful and time-consuming process. That's why we're here to help.

IRS Representation:

Dealing with the IRS on your own can get hectic, having a knowledgeable entity can prove vital when dealing with federal/state tax agencies. If you are facing an IRS audit, tax dispute, or other tax-related issue, you need a trusted advisor who can represent your interests and protect your rights.. We offer IRS representation services to help you navigate the complexities of the tax system.

1- Collection Representation

2- Appeals Representation

3- Audit Representation

At Advision CPA, we understand that IRS representation can be a daunting and stressful experience. That's why we're here to support you every step of the way.

Choosing Advision CPA

Outsourcing taxation to a Advision CPA can offer several benefits for a business, including:

  • Expertise: Businesses can tap into expertise with us and ensure that their taxes are prepared accurately and in compliance with all applicable tax laws.

  • Time savings: Preparing taxes can be a time-consuming process. By outsourcing taxation to a CPA firm, businesses can free up time and resources that can be devoted to other core business activities.

  • Cost savings: This is because we have economies of scale that allow them to prepare taxes more efficiently and at a lower cost than businesses can do in-house.

  • Strategic planning: We can analyze the business's financial data and operations to identify tax savings opportunities and develop a plan to minimize the business's tax liabilities.

  • Reduced risk: Advision CPA stay up to date on tax laws and regulations and can help ensure that businesses are in compliance.

 

Accounting

 

Accounting Services

Accounts Payable

We manage your accounts payable process to ensure you are paying vendors and suppliers on time, and monitoring cash flows.

Bank Reconciliation

Our team scours your bank statement to confirm that your transactions align with your balance sheet, to avoid discrepancies, errors, or fraud.

Credit Card Reconciliation

We check your credit card statements as well to verify that all transactions made through your corporate card are accurately reflected on your balance sheet, keeping your financials secure.

Payroll & Payroll Reconciliation

Verify that the right wages, salaries, and deductions get distributed to your employees — and that the right payroll entries are made in your ledger — with our payroll accounting services.

Accounts Receivable

We manage your accounts receivable entries and invoicing, so you know who needs to pay you when — and so you do not lose out on money you are due.

Balancing ledgers

Our financial accounting team will ensure ledgers are balanced to reflect accurate financial statements.

Bookkeeping

Allows our team to take full charge of the day-to-day transactions and recordkeeping.

Financial Reporting

Stay informed on the health of your business with our detailed financial reporting, including income statements, balance sheets, statements of cash flows so you are aware of transactions, cash flow, and reconciliations.

Statutory Compliance

Be confident that your records will be current and risk-free, with the deep knowledge our accounting and bookkeeping services team has around federal regulations and statutory compliance requirements.

Whether you are a small or a medium size business with a constantly changing marketplace, many business accounting teams struggle to manage the day-to-day tasks along with difficult financial compliance requirements, complex decision making , and a need for financial data insights. With time, these issues can have a significant impact on managing your business.

We can help augment your accounting process with additional financial expertise ranging from accounting transformation to the technology you need to keep your business moving forward in the constantly changing marketplace.

  • Cost savings on overhead.

  • Freedom to focus on your business while we handle the accounting.

  • Access to higher level of expertise.

  • Accurate, timely and meaningful financial information.

  • Augment Business Processes and controls.

  • Leveraging Technology to stay ahead.

  • Secured storage of accounting records.

Bookkeping

Making an Impact

We provide information that can be understood by those who are empowered to make decisions at the business. We manage and record the financial details of the company, tracking financial transactions and ensuring records, as well as accounts, are fully complete and accurate. We give you the accurate and comprehensive financial information you and your team need to make sound financial decisions and formulate an overarching financial strategy that helps your business reach its true potential.

Bookkeeping is an essential part of running any business, and automotive businesses are no exception. Keeping track of financial transactions, expenses, and revenue is crucial for the success of an automotive business. Hiring a bookkeeping service can provide a range of benefits that can add value to an automotive business.

As a leading CPA Firm, we can help you with business tax preparation, outsourced accounting and bookkeeping, budgeting and more. With our personalized support your business will streamline accounting procedures, stabilize cash flow and monitor expenses more efficiently so you can realize higher profits.

  • Accurate Record Keeping

  • Improved Cash Flow Management

  • Improved Tax Compliance

  • Reduced Risk of Errors

  • More Time For Business Operations

  • Improved Financial Planning

QuickBooks Certified Accountants

  • Selecting the best version of QuickBooks for your business.

  • Setting up your chart of accounts.

  • Installation, setup, and configuration of QuickBooks.

  • Integration of QuickBooks with other business applications.

  • Financial statements (balance sheet, profit & loss, statement of cashflow)

  • Performing data entry periodic journal entries

  • Importation of bank & credit card transactions

  • Credit card & bank statement reconciliation every month

  • General Ledger reconciliation annually

  • Journal entry and general ledger maintenance

QuickBooks is a powerful financial management software that can help businesses in several ways, including:

  1. Bookkeeping

  2. Invoicing

  3. Payroll

  4. Inventory management

  5. Reporting

Overall, QuickBooks can help businesses streamline their financial operations, save time, and improve accuracy. But it also can be confusing. Thats is where Advision CPA comes in.

Time Savings

Payroll services can save business owners a lot of time and effort by automating tasks such as calculating employee pay, taxes, and benefits.

Compliance

Payroll services can help ensure that your businesses remain compliant with local, state, and federal regulations.

Employees

Payroll services can also help increase employee satisfaction by ensuring that employees are paid accurately and on time.

Cost Savings

This is because payroll services providers can take advantage of economies of scale.

Data Management

We provide businesses with valuable data on employee compensation, benefits, and other related metrics.

Our Payroll services can add value to businesses in several ways. Here are a few examples:

  • Time Savings: Payroll services can save business owners a lot of time and effort by automating tasks such as calculating employee pay, taxes, and benefits.

  • Compliance: Payroll services can help ensure that your businesses remain compliant with local, state, and federal regulations.

  • Cost Savings: This is because payroll services providers can take advantage of economies of scale and often have access to better technology and resources.

  • Employee Satisfaction: Payroll services can also help increase employee satisfaction by ensuring that employees are paid accurately and on time.

  • Data Management: We provide businesses with valuable data on employee compensation, benefits, and other related metrics.

Overall, we can add value to businesses by streamlining processes, ensuring compliance, reducing costs, and improving employee satisfaction.

Formation

Our experienced team of professionals can guide you through the process of selecting the right business entity type, registering your business with the appropriate government agencies, and obtaining any necessary licenses and permits. We'll work closely with you to ensure that your business is set up for success from day one.

Our company formation services include:

  • Entity Selection: We'll help you choose the right type of business entity for your needs, whether it's a

  1. Sole Proprietorship

  2. Partnership

  3. LLC

  4. S-corporation

  5. C-corporation 

  • Name Availability Search

  • Registration

  • Tax registration

  • Licensing and Permits

  • Business Plan Developmemt

 Bylaws and operating agreements: We'll draft the necessary documents to establish your company's structure and governance.