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.
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Financial and Cash Flow Management Consultations
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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.
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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.
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Tax Return Preparation
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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.
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Filing Back Tax Returns
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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.
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Good Corporate Citizen
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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.
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IRS Representation
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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.
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IRS Audit Representation
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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.
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IRS Liens and Levies
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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.
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IRS Wage Garnishment
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When processing payroll, if a wage garnishment has been issued, we manage the payment
to the appropriate authority.
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Loan Assistance
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Assist businesses and individuals to obtain financing with institutions we have
relationships with, thus increasing your chances of getting the loan you need.
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Budgeting
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In order to maximize cash flow we work with you to establish a budget for both income and expenses.
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Bankruptcy
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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.
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Bookkeeping - We assume responsibility for daily financial operations to reduce client time spent on administration, allowing the client to focus on income generation.
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General Ledger
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Enter all data, review, and readjust to ensure proper coding and reclassification of transactional entries for maximizing deductions.
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Bank Account Reconciliation
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Ensures your record of transactions match bank records.
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Accounts Receivable Reports
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Assists your company in managing cash collections and foresee any potential problems to avoid complications.
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Accounts Payable Reports
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Assists your company to determine the best method of bill payment to maximize cash flow.
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Personal Financial Statements
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Gathers all relevant documentation and creates a summary of financial position.
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Bill Payment
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Reduces your time spent on paying bills (check or online) - personal and business.
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Invoicing
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Reduces your company time and resources spent on invoicing customers, by preparing all invoices to be sent out.
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Collections
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Sterling’s Bookkeeping & Tax Service will chase your clients' past due account reducing your administration time and resources.
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Budgeting
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Help you establish a budget for both income and expenses, to maximize after tax income and limit liabilities each month.
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Sales Tax Preparation
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Sales Tax Preparation includes a number of services that will save you time, and ensure accuracy.
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Payroll
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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.
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Forecasting
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Help you to determine cash flow and income verses expenses through data analysis.
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Payroll Tax Problems
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Assist clients with current and past due payroll tax issues by filing all tax returns
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Additional Services
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