FULL SERVICE ACCOUNTING, BUSINESS STARTUP, AND PAYROLL SERVICES FOR SMALL BUSINESSES IN CANTON MI AND BEYOND
We provide relief to the business owner by saving them time and effort through handling the business startup process, accounting, and employee payroll. Starting from the creation of the business to handling all the administrative process for creating the business, we provide guidance in selecting the ideal entity type for the business based on what is best suited for each client and their needs. We provide the business owner with internal accounting and payroll service along with fulfilling all the business’s financial reporting and filing needs.
Payroll is yet another service that we handle, and we provide two types of payroll services Full Payroll and Partial Payroll. In Full payroll services the client only provides us with the total hours worked and we hand all the rest (creating paystubs, issuing pay checks, and filing our and reporting the required forms to the state, city, and federal government) . For partial payroll services the client provides the hours and they issue the payroll checks to the client while we do the reporting and issue paystubs.
are you looking for an accountant? Call today
for your free consultation!
CPA in Canton
7365 N. Lilley Rd
Canton, MI 48187
and Reporting Services
Our accounting and bookkeeping services include:
- Full Accounting Services
As a very busy business owner, you need a professional to take care of your accounting and records, and we are here to help. Our CPA has extensive experience in accounting, as well as we keep ourselves up to date with any and all new changes in the accounting standards. Our full accounting services includes: monthly posting transactions into the system, monthly bank reconciliations, quarterly financial statements, or as needed, including Balance Sheet and Income Statements.
- Partial Accounting Services
For those who like to take control of their books, but need some consultation and help in accounting, this is the type of service that best fits your needs. Whether you are using online or onsite QuickBooks, TAX Avenger will help you in cleaning your records, providing accounting advise and also help you in posting end of month adjusting entries, to ensure that your financial statements are within the accounting standards, regardless if you are using them internally or for external use.
- Reviews and Compilations
Whether needed by a bank for a loan, or by any third party, choosing TAX Avenger to prepare a reviewed financials or simple compilation is the best choice.
We conduct the review and compilation as follows:
For Review Engagement
Although a review does not provide third parties assurance regarding the financial statements, however, the review process gives the financial statements more credibility from the point of view of creditors, customers, or any third party.
We first start by applying analytical procedure on your financial statements, as well as understanding the company management hierarchy and duties.
Although evaluating the internal controls of the company is not part of the review process, however, understanding the internal controls will help us in the overall review process. A review report provides limited assurance or negative assurance: “We are not aware of any material modifications” for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP).
For Compilation Engagement
This type of reporting is commonly required by banks and lenders. The compilation does not include any opinion or assurance provided by the preparer. The compilation is simply assembling and arranging the company numbers or ledgers and convert it into financial statements.
In a compilation engagement, the company is fully responsible for the credibility of its books and records.
Budgeting, Forecasts, and Business Planning
We considered ourselves one of the most reputable, knowledgeable, and experienced firm in accounting among the accounting and tax firms in Wayne County. Staring a new business does not consist only of preparing all the administrative papers needed with the State and the IRS. Planning is a key factor.
We provide our clients with guidance on how to start and run a new business from a financial perspective. Starting with a feasibility study, to making sure the client’s ideas are reasonably reflected through numbers and realistic scenarios. We also provide financial forecasts for some projects, that will help our clients to rationally making business decisions. Finally, we also provide budgeting, which is considered a parameter of any new project.
Read the Latest News and Tips on our CPA and Tax Blog
The Tax Cuts and Jobs Act (TCJA) prompted renewed interest in tax deductions. Some deductions were increased, and others reduced, while certain tax deductions were eliminated while others were created. Whether the tax plan benefits you depends greatly on whether you...
A CPA can provide its clients with a broad range of financial and tax services, including Tax Preparation, Tax Planning, Financial Planning, Accounting, Advising…. A lot of business owners, especially small businesses, feel more comfortable and confident in hiring a...
Many taxpayers overlook the importance of a CPA. Automated tax programs may make filing taxes easier, but they don’t cater to the needs of the individual user, which can mean missed deductions. Also, they can’t provide advanced tax planning, an important factor for...
7365 N. Lilley
Canton, MI 48187