Businesses depend on accurate financial information to remain profitable and capitalize on opportunities. Accounting tax and financial services steer you closer to these goals, from initial accounting system setup to cost-containment, tax planning, employee benefit plans and investments.

They prepare business financial statements and reconcile bank records, track payables and receivables, revenue and expenses, and profit and loss. They also assist with business entity formation and federal and state regulatory compliance.

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Bookkeeping is the process of recording and organizing all financial transactions of a business. This includes sales, expenses, cash and bank transactions.

Depending on the type of business, bookkeeping can be done with spreadsheets, hardbound journals or software. Regardless of the method, it’s important to set aside a time either weekly or biweekly to review your records and reconcile them with your bank accounts.

In addition, keeping up with all your pending invoices will help you improve your cash flow policies. This includes ensuring your customers and vendors pay their bills on time to avoid late payment fees.

In addition to keeping your books organized, a bookkeeper can also help you prepare for tax season by ensuring your taxes are filed correctly and on time. This can prevent you from owing additional money to the IRS or exposing your company to penalties or other financial issues.


Payroll is the process of distributing payments to employees and keeping records on those payments. It also involves paying taxes on behalf of those employees.

Businesses must pay their employees according to state and federal wage-and-hour laws, and they need to report those wages and taxes to the IRS. They must also complete Form W-2 forms for each employee to give the government a record of wages paid, employment taxes and health savings contributions.

It can be a time-consuming process, which is why it is important to get help from professionals. A reputable payroll service can ensure your business runs smoothly and doesn’t face tax penalties.

Payroll is a complex task that requires the involvement of multiple teams. It is important to monitor the process carefully and make sure it is done right the first time.

Tax Preparation

Tax preparation is the process of preparing and filing a tax return, ensuring that it complies with federal and state tax laws. Preparers, such as accountants and tax attorneys, offer this service for compensation.

Accounting firms and local businesses often offer tax preparation services through their branches. These companies may also hire independent tax preparers to work from their offices or home offices.

Individuals interested in a career as a tax preparer need to have a bachelor’s degree and pass an exam to become certified public accountants (CPAs) or enrolled agents (EAs). They can also pursue continuing education to stay up-to-date on tax law changes and technical corrections.

Business Advisory

Business advisory services can be a lifesaver for a small or start-up company. These professionals can proactively help a business owner overcome barriers to growth and profitability that could result from finances, marketing or efficiency issues.

They can also offer support for a business owner to develop strategic plans that can boost the company's overall performance. This can be especially helpful if a business owner has ambitious goals and needs help to achieve those goals.

Accounting firms have a broad spectrum of offerings, and business advisory services are growing increasingly important for accountants to provide. They are able to move beyond tax compliance and auditing, which are the staples of most accounting firms, into more holistic and consultative services that allow clients to build their customer relationships, revamp their processes and technology, and develop new business development activities.