Small Business

 Maximizing Your Business After Tax Income


Small businesses are currently being affected by new regulations at both the Federal and State level. Keeping up with these changes can grow tiresome and leave potential opportunities for growth untouched.


With over 25 years of serving growing businesses, Sterling’s Bookkeeping & Tax Service offers small business owners practical advice in plain English no matter how complex the business, to maximize after tax profits.


In addition, Sterlings Bookkeeping & Tax Service can act as your CFO with a team, creating a full service offsite bookeeping, tax and payroll department. This then allows you as the owner of the business do what you do best, grow the business, while Sterling’s Bookkeeping & Tax Service takes care of the routine financial matters.


 Services Offered to Businesses


  Consulting: We review your current financial and operations to determine how you can maximize your after tax earnings. This review is conducted periodically as you or your business changes.


   

  Financial and Cash Flow Management Consultations

     

Your personal advisor will make recommendations for maximizing after tax income including; minimizing taxes, taking advantage of tax breaks, tax deductions and tax credits, asset purchases, operational practices etc., thus improving operating costs and enhancing the bottom line.


  Taxes We provide full service tax planning and compliance. We are open 52 weeks a year to work with you to maximize your after tax income. We also subscribe to IRS E-services which allows us direct access to IRS databases and clients records so that you don’t spend hours on the phone with the IRS trying to obtain information.


   

  Tax Return Preparation

     

Individual, Fiduciary, Estate, Trust, partnership, and corporate returns are prepared by a CPA or EA (Enrolled Agent). We can prepare all federal, state, and local tax returns no matter how complex your financial needs.

  Filing Back Tax Returns

     

We can work with you to catch up on past due tax returns, and work with the IRS to ensure all returns are accurate and complete. Not sure you have all your records or don’t know what the IRS has; we can obtain that information directly from the IRS saving you time and money.

  Good Corporate Citizen

     

Sterling’s Bookkeeping & Tax Service is a Good Corporate Citizen with the introduction of our Going Green services, meaning all tax returns are prepared electronically. Sending return to clients electronically and e-filing returns gives you a more reliable receipt of the return, submission method, and quicker refunds - not to mention helping save our environment.

  IRS Representation

     

Because we are enrolled in IRS E-services and are authorized under Circular 230 to practice before the IRS, we have a number of services that will save you time, money and ensure accuracy. We have worked with many clients so we know what the IRS will accept and what programs will work. This enables us to negotiate a favorable payment plan or settlement for you that will result in lower taxes.

  IRS Audit Representation

     

We represent tax clients when audits have been scheduled. We will answer all questions and explain deductions. With the proper power of attorney; we will deal with the IRS and you won’t.

  IRS Liens and Levies

     

If a lien or levy is initiated, we try to resolve the dispute with the IRS to remove the lien or come to a settlement.

  IRS Wage Garnishment

     

When processing payroll, if a wage garnishment has been issued, we manage the payment to the appropriate authority.

  Loan Assistance

     

Assist businesses and individuals to obtain financing with institutions we have relationships with, thus increasing your chances of getting the loan you need.

  Budgeting

     

In order to maximize cash flow we work with you to establish a budget for both income and expenses.

  Bankruptcy

     

Assist client in filing past tax returns, and coordinate with an attorney to forward relevant documents and information to minimize the pain associated with bankruptcy.


  Bookkeeping - We assume responsibility for daily financial operations to reduce client time spent on administration, allowing the client to focus on income generation.


   

  General Ledger

     

Enter all data, review, and readjust to ensure proper coding and reclassification of transactional entries for maximizing deductions.

  Bank Account Reconciliation

     

Ensures your record of transactions match bank records.

  Accounts Receivable Reports

     

Assists your company in managing cash collections and foresee any potential problems to avoid complications.

  Accounts Payable Reports

     

Assists your company to determine the best method of bill payment to maximize cash flow.

  Personal Financial Statements

     

Gathers all relevant documentation and creates a summary of financial position.

  Bill Payment

     

Reduces your time spent on paying bills (check or online) - personal and business.

  Invoicing

     

Reduces your company time and resources spent on invoicing customers, by preparing all invoices to be sent out.

  Collections

     

Sterling’s Bookkeeping & Tax Service will chase your clients' past due account reducing your administration time and resources.

  Budgeting

     

Help you establish a budget for both income and expenses, to maximize after tax income and limit liabilities each month.

  Sales Tax Preparation

     

Sales Tax Preparation includes a number of services that will save you time, and ensure accuracy.

  Payroll

     

Process payroll for your company on your pay dates (by direct deposit or check), and electronically pay the payroll taxes and e-file payroll tax returns. Additionally, Sterling’s Bookkeeping and Tax Service calculates payroll for clients that pay themselves and offer advice to maximize after tax income.

  Forecasting

     

Help you to determine cash flow and income verses expenses through data analysis.

  Payroll Tax Problems

     

Assist clients with current and past due payroll tax issues by filing all tax returns


  Additional Services


   

  Coming Soon - Client online access to their financial statements 24/7

     

Coming Soon.

  Financial Software Consultation and Conversion

     

We will convert financial data to QuickBooks if it is in another format, and train you in using this financial software.

  Training In-house Bookkeeping Staff

     

This assures consistency and quality.


Please click here to e-mail us for a free consultation or call Gilbert Castillo at 214.330.4682 ext 12


Maximizing After Tax Income



receive our e-newsletter

Facebook  Twitter  LinkedIn  Google+  YouTube  RSSFeed

Income tax rules affect your Web business

Comments: 0 • Not rated yet

Did you start an online business in 2011? If so, you might have income and expenses that affect your federal income tax return. Here are three items t... [more]

Caregivers could qualify for tax breaks

Comments: 0 • Not rated yet

When you're focused on the rewards and stresses of taking care of a parent or family member who can no longer manage on their own, it's likely you're ... [more]

Depreciation update for 2012

Comments: 0 • Not rated yet

If you bought business assets in the past few years, you probably noticed more than one change to the immediate expensing depreciation rules. While th... [more]

      ©Copyright 2012 M. Sterling, Inc. - All Rights Reserved | Privacy Policy | Terms & Conditions | Site Map

Sterling's does not employ Certified Financial Planners and does not offer financial planning advice, other than how it relates to individual tax situations.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.