Fort Lauderdale CPA, FL IRS Tax Problems CPA Help Accountant Bookkeeping Service

We always offer dependable financial advice and are committed to providing the best customer experience for every client. Our tax planning strategies are designed to work with the short and long-term goals you have for your business. Small business owners in Florida spend an average of eight hours a month performing payroll functions. That’s 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.

  • We’ll provide the data you need to track expenses and monitor cash flow and will design a personalized strategy to proactively reduce taxes.
  • Whether it is small or large business accounting, we have you covered.
  • Dive in to learn why businesses use it, how to set it up and much more.
  • Business tax help, general tax preparation, financial planning, negotiation strategies, help with payroll compliance issues, IRS audit defense, and international tax services are also available.

Compilations don’t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business. Banks often require compilations from an independent CPA as part of their lending covenants. Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements. Preparing your own income tax return can be a task that leaves you with more questions than answers.

What does a forensic accountant do?

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality. Whether it is small or large business accounting, we have you covered. Your stakeholders are generally satisfied with a reputable, independent, paid 3rd party reviewing your financial records and issuing reports. Management often will make assertions (explicit and implicit claims) for how the business is performing. Financial Statements support these assertions to the satisfactions of stakeholders. If you are a business, most likely you are held accountable for how you spend your money.

Accurate, timely accounting information is vital for any successful business. Our experts can recognize and alert you to financial inefficiencies in your business as well as maximize your bottom-line return. Receive financial tips, tax due dates and tax strategies right in your inbox. As your dedicated tax advisor, we’ll analyze changes in tax regulations to identify the strategies that will save money for your business.

Related Articles for Business Owners

We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client’s supporting work papers. Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.

SMS Tax and Accounting Services, LLC is a local Fort Lauderdale, FL CPA Firm with a strong tradition of excellence in supporting the accounting and tax needs of small businesses. We take pride in helping businesses of all kinds with proactive tax planning, bookkeeping services, cash flow management and much more. We first learn all we can about the demands of your business then concentrate our efforts on developing accounting solutions to fit your needs and budget.

Financial Reporting

For partnership tax returns, we may file these on IRS form 1065 with supporting schedules. Please keep in mind although you may file business and partnership tax returns, you more than likely will still need to file an Individual IRS Form 1040 tax return. Gruber’s professionalism and thorough dissection of our taxes helped my wife and I retrieve a large amount of money from 2009 through 2012. They are a first class business that is very family friendly and I highly recommend them for personal or business taxes.

Meet the Team

You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services. Tax Relief CPA has been an English and Spanish-speaking accounting firm since 1988. The group has helped hundreds of individual, business, and nonprofit clients and specializes in IRS Resolution and Forensic Accounting, including IRS settlement negotiations and agreements. Clients also benefit from iCloud computing technology and state-of-the-art software. Ronald A Muscarella is a CPA with close to 30 years of experience, a member of the AICPA, and a QuickBooks ProAdvisor and has served as an expert witness as well.

We will answer all of your questions, as they impact both your tax and financial situations. To see a listing of our services, please take a moment and look at our services page. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years. Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms.

Fort Lauderdale CPA

The objective is to gather information concerning the effectiveness of internal controls over the accounting system that may impact the preparation of financial statements. At SMS Tax and Accounting Services, LLC, we’re devoted to meeting the accounting and tax needs of small business owners and individuals in the Fort Lauderdale, FL area. When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner. Staying on top of payroll is essential – one mistake or late tax payment can result in a severe cost.