Services Provided
Tax preparation & Filing
Complying with all applicable Tax laws in Tax preparation and filing services.
Gathering income and expense documentations, organizing financial information, identifying eligible deductions and credits, calculating tax liabilities and submitting accurate tax returns to government authorities.
The goal is to streamline the tax process, maximize potential savings and minimize the risk of errors or audits.
Bookkeeping
Single-Entry and Double-Entry bookkeeping.
Creation of Chart Of Accounts and recording all accounting and financial entries in the relevant accounts.
Maintaining various day books including Petty Cash book, Ledgers and Journals.
Recording Sales and Purchases including Invoices and Receipts.
Recording of all Bank transactions including Debits and Credits and Bank Reconciliations.
Creating Trial Balance.
All adjustment Journal entries.
Creating Profit & Loss Statement and Balance Sheet.
Creating Cash Flow Statements and other related statements.
Accounting
Financial Accounting leading to generation of all Financial Statements (Monthly/Quarterly/Annual).
Keeping Internal checks and controls for verification of transactions in all accounts.
Analyzing income and expense ratios compared to business activity and prior years figures.
Making sure all Accounting practices are followed and adhered and all Financial statements are prepared with accepted Accounting Principles.
Providing all relevant information for verification during audits.
Summary & Detailed financial statements to assist in tax preparation.
Financial Reporting
Creation of all Financial records and statements as per Generally Accepted Accounting Practices (GAAP).
Statement of financial position in terms of Assets & Liabilities and Owner's Equity.
All financial statements including Profit & Loss statement (Revenue & Expenses), Balance Sheet and related documents.
Preparation of Footnotes to financial statements.
Cash Flow Analysis.
Statement of Retained Earnings.
Analysis and discussions of financial statements.
Invoicing
Recording of all Sales transactions in regard to Products/Services, Quantities and Pricing.
Making sure Payment Terms are specified and adhered to.
Maintenance of Customer portfolios with Name and contact information.
Keeping track of Invoice numbers, date, credit terms, sales & other taxes.
Pro-forma invoicing and issuance of Credit Notes.
Payroll
Recording of employees salaries and wages, bonuses, taxes withheld.
Calculations of payroll taxes and other taxes withheld.
Frequency of Payroll generation.
Generating checks for Payroll and Direct Deposit of Payroll into employees Bank account.
Cost Cutting
Help businesses reduce expenses and operate more efficiently.
Analysis of company's operations, identifying areas where costs can be trimmed without compromising on essential functions.
Optimizing workflows, implementing technology solutions for automation and restructuring business processes.
The goal is to improve the bottom line by eliminating or reducing expenses while maintaining or enhancing productivity and profitability.
Cost-cutting services are valuable during economic challenges or when the business is looking to enhance profitability.
Advisory
Current and Future prospects for the business.
Analyzing business expansion possibilities and risk factors.
Implications of legal, finance and tax matters for existing business and up sizing as well as down sizing of business.
Advising businesses on change in business trends and adaption to the ever-changing business environment.
Consulting
Providing expert advice and guidance to individuals and businesses seeking solutions to specific challenges or looking to improve overall performance.
Consultancy provided in areas of Management, Finance, Marketing and Technology.
Recommendations for strategic improvements.
Help clients make informed decisions, overcome obstacles and achieve their goals more effectively.