Services
We provide a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. We also offer client incentives such as a $25 restaurant gift card for each referral that becomes a new client. Please click the tabs below for further explanation of our professional services:
We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
As a business owner you have more important things to do than keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!
Each month or quarter we will do the following things for you:
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Reconcile your bank account
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Generate an income statement
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Generate a balance sheet
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Clean up your general ledger
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Provide unlimited consultations
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation or any of our other services.
Bank Reconciliation
Reconciling your business checking account each month allows us to keep your bank account, accounting and taxes up to date. Having us reconcile your account each month allows you to:
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Identify lost checks, lost deposits and unauthorized wire transactions
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Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank
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Detect and prevent embezzlement of funds from within your company
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Know how your business is doing because you can't really know unless all accounts are reconciled and properly accounted for on your financial statement
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Manage your cash more effectively because proper management of funds not only saves money, it makes money for you
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Protect yourself - By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. The fact that crime exists should be reason enough to allow us to provide you with this service.
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Sleep better - You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for
Income Statement
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list to 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:
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Track revenues and expenses so that you can determine the operating performance of your business.
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Determine what areas of your business are over-budget or under-budget
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Identify specific items that are causing unexpected expenditures, like phone, fax, mail or supply expenses
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Track dramatic increases in product returns or cost of goods sold as a percentage of sales
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Determine your income tax liability
Balance Sheet
A balance sheet gives you a snapshot of your businesses' financial condition at a specific moment in time. A balance sheet helps you:
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Quickly get a handle on the financial strength and capabilities of your business
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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.
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Determine if your business is in a position to expand
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Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
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Determine if you need to take immediate steps to bolster cash reserves
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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.
Maintaining a Clean General Ledger
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transactions 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.
Unlimited Consultations
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.
Individuals and businesses in all phases rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Our accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include, but are not limited to:
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General ledger and financial statement preparation
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Bookkeeping (Monthly, quarterly or annually)
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Accounting system setup and support
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Payroll processing
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Cash flow budgeting and forecasting
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Personal financial statements
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Employee benefit and profit-sharing plans
As we age and our families grow, our attention shifts toward our beneficiaries and our loved ones. We, at Harvey & Tully, recognize the importance of estate planning and protecting your assets so that you can ensure financial security for those loved ones. For businesses, it can maintain a smooth succession of ownership.
We attend monthly seminars and annual conferences to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. We do a comprehensive review of your retirement assets, annuities and insurance to help protect you and your family. Harvey & Tully has teamed up with a network of professionals that we collaborate with to give you the best possible advice.
Some clients require a formal compilation to give to their bank or bonding company while others just want the peace of mind that their record keeping is correct. Our team of experienced bookkeepers follows the guidelines set by American Institute of Certified Public Accountants. We have many levels of service, from complete data entry and reconciliation on a monthly basis to an annual critique of your books before tax. We like to take that burden off of you so that you can focus on your company and your customers. We believe that QuickBooks has the easiest and most user friendly software for record keeping. Also, we are now offering Cloud accounting services to any client that elects this option. The Cloud enables us to get access to your books very quickly and easily with the least amount of interference to your company. Additional rates do apply for this service.
Professional representation can be vital during an audit or IRS negotiation, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies.
Whether your needs are corporate or personal, our professionals can assist you in sorting out the different options available for debt management and financing that will result in optimal tax implications. Good cash management can improve a company's liquidity, reduce costs and increase profitability. We can help you maintain optimal cash flow levels by tracking sources and uses, forecasting and budgeting accordingly.
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, we can advise you on choosing an entity type and later restructuring if advantageous.
Business transactions are complicated affairs and whether you're buying, selling or considering a potential merger, we can provide professional know-how to help you successfully structure and negotiate the deal. We employ careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact and access compatible business functions and tactics.
Choosing and implementing a new accounting software system can be a challenging undertaking. Our experience with various packages currently on the market as well as awareness of new products allow us to aid you in choosing and implementing a system that will suit your company's needs. Training and support will ensure minimal disruption of your everyday business processes.
