ADM CPA, PC provides a wide range of services to individuals and businesses in a variety of industries. At ADM CPA, PC, 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. Our professional services include:
- Tax Management Services
- Estate and Trust Planning and Tax Preparation
- Cash Flow and Budgeting Analysis
- Business Taxes
- Individual Taxes
- IRS Payment Plan
Tax Management Services
At ADM CPA P.C. , 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 allows us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
We provide you with a monthly or quarterly income statement, cash flow and balance sheet that compile your financial transactions for the period. These financial statements are custom designed for your type of business. They may include reports that give you comparisons of actual results with budgeted, or current year results with prior year results. Other financial statements we provide include a cash flows, general ledger, payroll journal and bank reconciliation. We will show you how to use these “tools” to run your business successfully .
These services include but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Litigation support
Estate and Trust Planning and Tax Preparation
Effective estate and Trust planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Our firm knows the tax laws, and we are knowledgeable of current tax practices. We can provide you complete representation services before the IRS as well as state and local taxing authorities. We are also experienced in negotiating Offers with the IRS.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
- Direct Deposit
- Electronic Paying
- Electronic Payroll Tax Payments
- Processing of W2s and 1099s
- Multiple payroll schedules including weekly, bi-weekly, or bi-monthly
- Multiple withholding capability and full State Unemployment reporting compliance
- Filing of all quarterly Form 941 and Annual Form 940 federal and state payroll forms, including state insurance, disability reporting and more
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.
We have the knowledge and experience to advise you on the use, advantages and filing of tax returns for all types of business entities. Single state or multiple state tax returns are prepared. Tax consulting for all business entities. Let us help you minimize your taxes by using the Law to your advantage. We also prepare payroll tax returns including W-2’s, subcontractor filing of 1099’s, and Personal Property Tax Returns.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
If you are looking for a firm that will take the pain out of preparing your income taxes you have found the right firm. We prepare all the tax forms and out of state taxes for all states. If you have changed states during the year we can prepare the part year returns required by each state.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.
IRS Payment Plan
If you don’t qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts. Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.
Sales Tax Audit Representation
We represent our client in their audits and have been successful in limiting the ensuing liability to a minimum. Please contact Maknojia if you want to request a redetermination of your tax assessment if your recently completed a sales tax audit and were found deficient.