| The following is a list of services provided by our firm. However, this list is not all-inclusive, and you should not be concerned about calling in regard to any business, tax or financial related matter. We maintain relationships with other professionals practicing in a variety of specialties. If we are unable to assist, you can be assured we will refer you to the right individual or firm.
If you are a prospective client, please call for a complimentary get acquainted appointment or phone conference.
**Through our affiliation with TASC we are now able to offer Retirement Plan Setup and Administration Services. For full details click on our Links tab.**
TAXES & TAX PLANNING
WE KNOW TAXES!! We spend many hours and invest significant dollars every year on continuing education classes to stay current in every field of taxation in which we are involved. We invest considerable dollars in computer hardware and software each year to assure we can provide the best, most accurate and most comprehensive tax planning and tax preparation services to our clients. Is it cheap?? No! But it is worth every penny because it allows us to provide the highest quality service to the most important people in the world--you, our clients!
From the simplest 1040EZ to the most complicated business return, we offer a complete range of tax services to individuals and small businesses. We can prepare returns for any state in the U.S. We also can assist with prior year returns, if you failed to file earlier or need to correct an error on a previously filed return. We will help you estimate your taxes for the current year and pay sufficient amounts to avoid late payment penalties.
**Through our affliaiton with TASC we are now able to offer Retirement Plan setup and Administration Services. For full details click on our Links tab.**
Tax Planning
Let us help you estimate your current tax liability and assist with decisions and planning to minimize your taxes. As American citizens, we all have responsibility to pay our fair share of taxes, but we also enjoy the priviledge and right to pay only our fair share! We know the tax laws and can help you take advantage of every legal deduction and credit available to you.
Individual (Federal and State) Tax Preparation
1040EZ--Prices start at $60.00
1040A--Prices start at $70.00
1040--Prices start at $120.00
Tangible Property Tax returns--Prices start at $150.00
We know the rules regarding farming, rental property, retail sales & professional services. We provide our clients with free electronic filing and free direct deposit of refunds. This gets your refund to you in 7-10 days, no costs and no hassles. Some tax preparation firms charge a significant fee for "RAPID REFUNDS" that only cost you, the client, a considerable portion of your refund and generate a handsome profit to the tax preparer and the participating financial institution! We prefer to see you get your money quickly, at no additional cost. IRS has significantly enhanced the electronic filing and direct deposit system and over 90% of our clients due refunds last year that e-filed and chose the direct deposit option received their tax refunds in less than 10 days! Many times, we can actually save you money over the fees charged by many of these tax preparation firms and we are open year round should you need our assistance! We do not close or reduce our hours after tax season. We are a full service firm year round!!
Representation Before the IRS
Are you having problems with the IRS or state? If you owe past due money, if you receive puzzling correspondence from the IRS, or if your return is selected for audit, we can help! You should never assume IRS is correct when they send you a notice of additional taxes due. Let us review it and determine whether you actually owe or not. We are fully qualified to represent you before the IRS.
Corporate and Partnership Tax Preparation
1120, 1120A or 1120S Federal and State Corporate Returns
1065 Partnership Tax Returns
Tangible & Intangible Property Tax Returns
We understand business and the many unique situations and opportunities that arise from owning and operating your own business. We can help you organize your data and then prepare an accurate and timely return, ensuring you pay the least amount of taxes you are legally obligated to pay.
Estate & Gift Taxes--Federal and State
706, 709 and 1041 Tax Returns--We can work with you and your attorney to ensure all federal and state income and estate tax obligations are met and all necessary returns are accurately and timely filed in the event of a family death. For lifetime gifts, we can help with planning the timing and makeup of these gifts that ensure the most efficient results are achieved for income and estate tax purposes. We will also prepare the gift tax returns, accurately and timely.
Nonprofit Organizations Taxes
IRS Form 990 and related schedules--We have considerable experience in dealing with the unique tax and reporting issues surrounding nonprofit entities. We can help your organization file for and receive nonprofit status from IRS and then assist with making sure all required annual tax returns are filed and we will help you stay in compliance with state laws regarding entities that solicit tax deductible contributions from the general public.
ACCOUNTING & BOOKKEEPING SERVICES
At Laney's Accounting & Tax Services, we offer a full range of computerized accounting and bookkeeping solutions and services. We can perform all accounting and bookkeeping services for you and your business at a fraction of the cost of hiring a full-time bookkeeper. If you or someone else in your company wants to keep the books, we can provide as little or as much technical support as you need. Most clients prefer to make their own deposits and pay their own bills, with the exception of payroll. We can help you set up a manual or computerized bookkeeping system and produce full accounting records (journals, ledgers and financial statements) from your source documents. This allows you to spend more time managing your company and seeking ways to help it grow and prosper.
We do far more than just provide the bookkeeping services of our clients. We will review your financial records monthly or quarterly and provide advice on cash flow management, budgeting, lease vs. buy decisions, and tax planning. We will compare your business results of operations with other similar businesses and let you know if certain expenses are too high, compared to other similar businesses.
Services we provide include bank reconciliations, preparation of all general journals, general ledger, financial statements and payroll records. In addition, we offer the following services related to the accounting process:
Accounts Receivable Processing where we produce invoices and/or statements for you for your customers
Accounts Payable Processing where we will pay your bills when due
Payroll Processing where we can prepare payroll checks or initiate Direct Deposit of pay amounts to your employees
(All payroll reporting and payroll tax deposits are taken care of for you!)
Fees for these services are quite reasonable, starting at less than $100 per month for very small businesses. Feel free to call our office and set up an appointment to review your needs and situation. We will be glad to provide a fee quote at that time. AND--there is NO CHARGE for this initial consultation!
COMPUTER SERVICES
If you have your own computerized accounting system or are considering converting from a manual system to a computer, WE CAN HELP!!! We can advise on what hardware you will need, help you acquire and install all components and even help you get your entire office networked, if you have or need more than one computer workstation.
Technology is truly wonderful, but if you are not familiar with how it all works, it can be very frustrating! Let us take the frustation out of this process for you. We offer complete turnkey packages and will be there until everything works the way you want it to. In addition, we can help make sure you avoid a very costly, but common misconception--that is, "getting a computer will solve all my problems and give me much more free time to do what I want!" Computers are great, but they are only beneficial if used correctly by someone with the proper knowledge. We have seen real messes created by businesses that computerized without really knowing what they were doing. Don't be a victim of "GIGO"--garbage in, garbage out!!
For accounting software, we can recommend a system that will work best for you considering your specific needs and business environment. We are also certified consultants for Quickbooks, the top-selling small business accounting software program. Our staff is trained to assist you in setting up your books correctly from the start and can continue to help you with questions or problems that arise in day to day activity. We can provide on-site assistance, telephone assistance, and even remote assistance through the Internet if you have high speed internet access. Remote assistance technology is built into Quickbooks, and utilizing third party vendor software, we can access your computer from our office and work on almost any software application or system problem, making support easier, quicker and more cost effective for everyone!
We will also help make sure you do not get caught in that very painful position of--"Backup? What backup??" We will help set up an automated on-site backup routine as well as provide off-site data backup to protect against physical loss of data from natural disasters like fires and hurricanes.
Call our office and make an appointment to allow our staff to show you just how wonderful technology really is! Wouldn't you rather be at the beach (or fishing or shopping or golfing), instead of trying to close out the month on your computer?
BUSINESS CONSULTING SERVICE
As business consultants and advisors, we can provide guidance in how to set up your business entity to take advantage of your specific situation and legal and tax regulations. There are a number of choices of entity selections (corporations, partnerships, sole proprietorships, limited liability companies), each made for specific situations. We can help you choose the one right for you.
We can make sure you are aware of tax reporting requirements, employment issues (such as employee vs. independent contractor issues, minimum wage issues, workers compensation coverage laws--just to name a few!)
You went into business because you are good at what you do and have a desire to succeed. Don't let issues you are not aware of cause you to fail! Let our qualified staff assist you and guide you through the maze of federal, state and local regulations that can put you out of business if you fail to heed them! Ignorance really is no excuse, but it is a reason--for many business failures.
We also can help you develop a business plan, budget, cash flow projection, advise you on fringe benefit packages available and affordable to your business, as well as assist you in obtaining financing for initial business start-up or expansion.
Over the years, we have developed a network of other business service professionals; bankers, attorneys, insurance agents, investment advisors, financial planners. When you need assistance in an area outside our areas of expertise, we will direct you to someone qualified in that field who will work with you to meet your goals and needs.
Our business consulting services tie together all the other services we provide. You cannot plan for business growth or expansion without taking into account income tax issues, estate tax concerns, insurance liability concerns and legal exposure. By providing overall business consulting services, we can help make sure you achieve all your goals--personal and business. In other words, we will help you see the big picture...to put everything in perspective.
We have clients in virtually every area of business--farming, construction, medical services, professional service firms, retail sales and wholesale trade. Call us for a free initial consultation on how we can work together to help you be the best you can be!
"It's not the money you manage to make, but how you manage the money you make"
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