Remote Accountant, LLC.

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

Track revenues and expenses so that you can determine the operating performance of your business.

Determine what areas of your business are over-budget or under-budget.

Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.

Track dramatic increases in product returns or cost of goods sold as a percentage of sales.

Determine your income tax liability.

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

Quickly get a handle on the financial strength and capabilities of your business.

Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.

Determine if your business is in a position to expand.

Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?

Determine if you need to take immediate steps to bolster cash reserves?

Determine if your business has been slowing down payables to forestall an inevitable cash shortage?
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

Here's what you get...

Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.

Your tax return can be filed electronically so you will get a refund back quicker.

Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.

We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year's tax liability.

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...

grow and preserve assets by keeping Uncle Sam out of your pockets.

defer income so you can keep your money now and pay less taxes later.

reduce taxes on your income so you keep more of what you make.

reduce taxes on your estate so your family keeps more of what you've made.

reduce taxes on your gifts so you can give more.

reduce taxes on your investments so you can grow your wealth faster.

reduce taxes on your retirement distributions so you can retire in style.

Here's just a few of the Tax Saving Strategies we use...

Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.

Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.

Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.

Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.

Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

If you'd like to receive more information about our Tax Planning Service, please complete this form.

Are you having problems with the IRS?

We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discrete. The IRS problems will not just go away by themselves; they just keep getting worse with penalties and interest being added each day.

If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up to you, but they're relentless and have no mercy in collecting all the money that is owed. When the collection process starts, they'll make your life miserable and literally ruin all aspects of your life.

Please take a look through our complete IRS problem resolution services by clicking on the links below.

IRS Problems

Have you received an IRS audit notification? See IRS Audit Representation.

Haven't filed your tax returns for years? See Non-Filed Returns

Do you owe Back Taxes?

Do you have Payroll Tax Problems?

Has the IRS placed tax liens on your home? See Liens.

Is the IRS threatening to seize your bank account and take your money out of the bank. See Levies.

Is the IRS threatening to take your paycheck, 401(k), and other retirement accounts? See Wage Garnishments.

Is the IRS threatening to seize your personal property? See IRS Seizures.
IRS Solutions

Owe the IRS a lot of money? - Settle for pennies on the dollar! See Offers In Compromise.

Need more time to pay. See Payment Plan.

Like to get out from under your tax burden completely. See Bankruptcy.

Like to get out of a tax debt caused by misdeeds committed by your spouse? See Innocent Spouse Relief.

Like to see what the IRS has on you. See Your IRS File.
Get a Free Consultation with our tax specialist by completing the form below.