Joseph Tax & Consulting Services, LLC takes a proactive interest to help our clients and friends meet their goals and needs. Our referral network is established for specialized requirements, so in essence we are a "one stop shop" for professional services.
Joseph Tax and Consulting Services, LLC is a Brooklyn accounting firm comprised of highly qualified, experienced accountants. Since our inception, we have offered a full range of accounting services.
Accounting & Bookkeeping Services - We are proud to continue our long tradition of designing accounting systems to meet your business needs whereby you are able to measure your cash flow, business performance and financial position. We specialize in various accounting software.
* Journal and general ledger maintenance
* Bank statement reconciliation
* Receivables and payables tracking and analysis
* Financial statement preparation in accordance with
* Generally Accepted Accounting Principles (GAAP)
Audit Services - Audited financial statements and reports are requested by banks, governmental agencies, and investors to ensure that accounting records are reliable, and internal control systems are effective and efficient.
* Financial audits
* Operational audits
* Grant compliance reviews
* Compilations and reviews
* Internal Control reviews
Tax Services - With over 20 years of tax experience, our goal is to minimize your tax liability and maximize your tax refund through adequate tax planning and staying abreast of the latest tax updates as well as implementing tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.
* Individual tax preparation
* Business & Tax-exempt entities tax preparation
* Payroll tax returns
* Sales tax returns
* E-filing
* Offers in compromise
* Tax (including estate and retirement) planning
Consulting Services - Our company offers a wide range of consulting services to help you improve business operations, boost efficiency, and increase the bottom line:
* Business plan development
* Business start-up (Corporations, Partnerships, LLC, Exempt organizations, etc.)
* Business Valuations
* Projected financial statements
* Breakeven analysis
* Managment advisory services
* Setting up internal control systems
* Assistance in selecting an accounting software
Brooklyn Accounting Service: Affordable Accounting Solutions
Even if you thought that it would be easy to handle all your accounting finance issues by yourself, as your business grows you will find it difficult to keep up with the new challenges and requirements of your financial accounting. You will need the help of experienced accountants to handle your accounting. Whatever the size of your firm, a Brooklyn Accounting Service will assist you with your financial accounting.
If you are thinking about starting a new business, a Brooklyn Accounting Service can help with all the proceedings. The Brooklyn Accounting Service provides qualified accountants, who will form a crucial support structure for your new business, and offer you the best advise on sound accounting protocols. The major role of a Brooklyn Accounting Service in a new firm is to perform the crucial function of developing the accounting finance structure.
Brooklyn Accounting Service: Services Provided
A professional Brooklyn Accounting Service provides many services such as financial accounting, financial reporting, accounts receivables, accounts payable, preparing cash flow statements, cash management, budget process, and payroll services.
Accounts receivables are one of the most important areas to watch when doing financial accounting, especially when the company sells on credit. Qualified accountants at the Brooklyn Accounting Service can keep you up to date with the accounts receivables of your firm. They will also help you grow your business by forecasting future profitability of the business by carefully preparing cash flow statements. This will enable you to see how money is being spent and thereby help you make prudent business decisions.
The accountants at the Brooklyn Accounting Service are highly qualified professionals. The CPA title – Certified Public Accountant, is held by most of them. A CPA is a title conferred upon qualified accountants in the US who successfully complete the Uniform Certified Public Accountant Examination. Accountants also have to meet additional state requirements of education and experience to be certified as CPA. The most important services that a CPA provides is in assurance services or public accounting. However, financial accounting of private firms also has much to gain from the expert services of a qualified CPA.
A Brooklyn Accounting Service will maintain an internal client procedure manual to document all the processes within the company. The preparation and delivery of monthly financial packages is done in a timely manner. The fact that the Brooklyn Accounting Service works at real time, ensures increased productivity and efficiency for your organization.
Benefits of Using a Brooklyn Accounting Service
Your firm’s accounting system is customized to your needs. There is no one-size-fits-all accounting system that works for all the firms in the world. However, qualified accountants can customize the accepted accounting protocols to create a system that is beneficial for your business. That is what a Brooklyn Accounting Service does for you. A Brooklyn Accounting Service helps you by taking care of the financial accounting aspect of your business so that you can concentrate on how to run it profitably.
A professional Brooklyn Accounting Service will also generate monthly financial statements for you. This will detail the condition of your business and the outcome of your operations. Financial statements are considered the focal point of any accounting system. They give you an accurate appraisal of the status of your organization.
Internal financial accounting does not cover the entire accounting process for private firms. They also have to follow governmental requirements regarding filing of payroll, sales and tax returns. The Brooklyn Accounting Service will take care of all government related documentation for you, thereby saving you from the frustration of getting caught in red tape.
To survive in today’s fiercely competitive marketplace, companies have to work extra hard and be lean, which means you really cannot afford to overstaff. And if all your financial accounting is being handled by just one accountant, how do you cope if that person becomes unavailable? Since a qualified Brooklyn Accounting Service offers you the security of a pool of qualified accountants, it ensures that your accounting system does not suffer a breakdown. If one person becomes unavailable, there are still many available to serve you.
A Brooklyn Accounting Service provides you with an excellent data processing facility. The results remain consistent because of they work with proven programs, whether it is on their system or on a system that they install for you. The icing on the cake is the phenomenal flexibility that is a part of the services provided by a reputable Brooklyn Accounting Service. The Brooklyn Accounting Service adapts to your every need, whether you need the changes to be incorporated on a weekly, monthly, quarterly or annual basis.
Another huge benefit of having professional accountants knowing the ins and outs of the financial accounting aspects of your company is in the event of an audit. Preparing for audits can eat into weeks of your productive time. Having a professional Brooklyn Accounting Service will help you face any audit successfully, comply with any records requested or use any method of calculation.
Why Brooklyn Accounting Service?
Having professionals to crunch numbers means that you don’t have to do it yourself. As a business owner, you might as well spend your time thinking about the long term growth plans for your organization, or perhaps even take some personal time off. More time allows you to focus more on making existing processes and procedures more efficient. You may also choose to acquire new customers or strengthen your existing customer base.
Leave the drudgery of number crunching to the qualified accountants at the Brooklyn acAccounting Service. To understand the value of this decision in dollar terms consider, how much your time is worth. Let’s say that your time is worth $40 per hour. If you spend 5 hours a week doing the labor intensive financial accounting by yourself, you are costing your company $200. Couldn’t you use your time in a better way? Even if an accountant makes more per hour, it takes them just half the time, so you end up actually paying less. By using the services of a Brooklyn Accounting Service, the accountants can do more for you in less time, and you can do more for yourself in the time that you free up.
Besides, with an experienced Brooklyn Accounting Service, the accuracy of numbers does not have to be questioned. The accountants are trained and committed to calculating accounting numbers quickly and accurately. A professional Brooklyn Accounting Service makes a name for itself with reliability, dependability and accuracy of information.