Nancy’s Bookkeeping & Tax Service, Inc. provides a wide range of services to individuals and businesses in a variety of industries. At Nancy’s Bookkeeping & Tax Service, Inc., we strive to meet each client's specific needs'. Our professional services include:
- Tax Preparation
- Accounting System Analysis
- Entity Selection and Restructuring
- Employee Benefits, Pension, and Profit-Sharing Plans
- Cancellation of Debt Regarding Taxes
- Mergers, Acquisitions, and Sales
- International Taxation
At Nancy’s Bookkeeping & Tax Service, Inc. 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 allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
Tax Representation and Audit Review
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies..
Accounting System Analysis
As a prospective or current client we will provide initial and ongoing hardware and software analysis and make changes and/or recommendations for you to streamline your accounting procedures. We have partnered with many organizations to help our clients to continue to grow and move with technology as it advances on an ongoing basis. We offer a cooperative working environment for those that want to move at the speed technology is moving or at a slower pace for those who do not want much change and anywhere in between. It is our goal to get you where you want to be with the easiest transition possible. Our staff is continually learning and training on all aspects of the latest technologies available. Whether you want to have a mobile office or your standard brick and mortar office front we have the solutions for you.
Estate Tax Preparation
Effective estate tax preparation can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Nancy’s Bookkeeping & Tax Service, Inc.'s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Nancy’s Bookkeeping & Tax Service, Inc. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Payroll Services (Complete, Including Electronic)
Nancy’s Bookkeeping & Tax Service, Inc.'s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Employee Benefits, Pension, and Profit-Sharing Plans
Choosing and administering benefit plans for your employees is often a complex process. Nancy’s Bookkeeping & Tax Service, Inc. can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.
Cash Flow, Monthly, Quarterly Reports
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Nancy’s Bookkeeping & Tax Service, Inc. can help you maintain optimal cash flow levels by tracking sources and uses 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, rebalance 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.
Cancellation of Debt Regarding Taxes
Nancy’s Bookkeeping and Tax Services, Inc. can assist you with your Federal and State tax preparation regarding any forgiveness of debt or foreclosures. Federal and State tax law for canceled debts differ. Consulting a tax professional is wise in these complex situations to assure that you are reporting your information correctly.
Financial Statements and Balance Sheet preparation (not attested or certified)
No one can predict the future perfectly, but we can all benefit from planning for it. Nancy’s Bookkeeping & Tax Service, Inc. 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. Planning 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.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Nancy’s Bookkeeping & Tax Service, Inc. can provide professional know-how to help you successfully structure and negotiate the deal. Nancy’s Bookkeeping & Tax Service, Inc. employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
Debt and Finance Advising
Whether your needs are corporate or personal, Nancy’s Bookkeeping & Tax Service, Inc.'s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.
Whether you're a corporation with overseas operations or a business or individual needing to work out taxation of U.S. residents working abroad or foreign citizens working in the U.S., Nancy’s Bookkeeping & Tax Service, Inc. can help you plot a course through cross-border taxation issues. There are many special rules and policies for businesses with a foreign presence. We can help you make sense of how you are affected by them.