Services – Trusted Accounting Partners

Professional Tax Services

Our Process

Consultative Session

Start with a personalized consultation to understand your unique financial goals.

Strategy Formulation

Our experts craft a tailored financial strategy based on your needs.

Plan Implementation

We execute the plan to turn your financial goals into reality.

We offer a wide range of accounting and tax services

Accounting Services

At Trusted Accounting Partners, we offer a variety of accounting services to support the success of your business. Whether you require assistance in selecting the best accounting method and practices for your industry, handling your assets and inventory, or creating precise financial statements, our team possesses the expertise and know-how to assist you.

Some of the services we offer include:

1. Aiding you in choosing the most appropriate accounting method for your business, like cash, accrual, or a combination, while ensuring compliance with tax laws and regulations.

2. Providing advice on the most effective methods for documenting and reporting your financial transactions, such as recognizing revenue, matching expenses, and making necessary adjustments.

3. Assisting you in acquiring assets and recording the necessary journal entries for items like land, buildings, equipment, or intangible assets.

4. Guiding you in selecting the right depreciation method for your fixed assets, including straight-line, declining balance, or units of production, and calculating depreciation expenses and accumulated depreciation for each period.

5. Helping you manage your inventory and cost of goods sold, utilizing techniques such as FIFO, LIFO, or weighted average, and ensuring the proper valuation and disclosure of your inventory.

6. Preparing financial statements that accurately reflect your business’s financial status and performance, including the income statement, balance sheet, statement of cash flows, and statement of changes in equity.

We are dedicated to delivering top-quality accounting services that cater to your needs and meet your expectations. Reach out to us today to discover how we can assist you in attaining your financial objectives.

Bookkeeping Services

Trusted Accounting Partners is a reliable provider of bookkeeping services for small and midsize businesses, as well as individuals looking to keep tabs on their personal finances. We offer a variety of bookkeeping solutions tailored to your needs and budget, including:

1. Cleaning up your books: We can assist you in organizing and updating your financial records, reconciling your bank accounts, and rectifying any mistakes or discrepancies in your records.

2. Bookkeeping training: We can educate you on the use of accounting software, like QuickBooks, to effectively and accurately manage your own bookkeeping.

3. Monthly, quarterly, and yearly bookkeeping: We can handle all your routine bookkeeping responsibilities, including recording transactions, preparing financial statements, ensuring your readiness for tax season, and more.

Whether you require a one-time service or ongoing support, we are here to provide assistance with your bookkeeping requirements. Contact us today for a complimentary consultation and a price estimate.

Tax Services

At Trusted Accounting Partners, we offer a comprehensive range of tax services for individuals and small businesses throughout the United States. Whether you need assistance in preparing and submitting your federal and state tax returns or require guidance in tax planning, adherence to tax laws, handling audits, or finding solutions, our team possesses the expertise and experience to assist you. We collaborate with various entities, including S corporations, partnerships, C corporations, trusts, and LLCs, and we are ready to address any outstanding tax obligations you may have. Our objective is to provide you with professional, precise, and prompt tax services that align with your requirements and expectations.

Here are some key aspects of our tax services:

1. Preparation and submission of federal and state tax returns: We employ the latest software and technology to accurately and efficiently prepare your tax returns. Additionally, we electronically file your returns to ensure swift and secure delivery to both the IRS and your state tax authorities.

2. Tax planning strategies: We aid you in planning for your tax responsibilities while optimizing your potential tax savings. We offer advice on the most suitable tax strategies for your specific circumstances, including retirement planning, estate planning, business structure, deductions, credits, and more.

3. Tax compliance: We help you maintain compliance with continually evolving tax laws and regulations. We monitor your tax situation throughout the year and keep you informed about any changes that may impact you. We also assist you in completing any necessary tax forms or documents for submission to the IRS or state tax authorities.

4. Tax audits: In the event of tax audits or inquiries from the IRS or state tax authorities, we represent your interests. We manage all communication and negotiations on your behalf, safeguarding your rights and concerns. We also aid in resolving any tax issues or disputes arising from the audit.

5. Tax solutions: We assist you in addressing various tax problems or challenges, such as overdue taxes, penalties, interest, liens, levies, garnishments, offers in compromise, installment agreements, innocent spouse relief, and more. We collaborate with the IRS or state tax authorities to identify the most favorable solution for your specific situation.

New Business Formation

At Trusted Accounting Partners, we offer comprehensive business formation services designed to assist you in launching your own business with confidence.

Whether your vision is to establish a sole proprietorship, partnership, corporation, or limited liability company, we are here to help you select the most suitable entity type that aligns with your needs and aspirations. Furthermore, we provide valuable assistance in handling all the necessary documentation required for registering your business with both state and federal authorities. This includes tasks such as:

1. Filing articles of incorporation.
2. Obtaining an employer identification number (EIN).
3. Crafting operating agreements.

Our commitment to your business formation doesn’t stop there. We also offer ongoing support and guidance to help you effectively and efficiently manage your business. Our services encompass bookkeeping, tax preparation, payroll management, compliance adherence, and more. Our ultimate objective is to aid in the growth of your business and the realization of your entrepreneurial vision. Don’t hesitate to reach out to us today to arrange a complimentary consultation and explore the full scope of our business formation services.

Quarterly Payrolls

Trusted Accounting Partners is a reputable provider of quarterly payroll services tailored for small and medium-sized businesses. We specialize in helping our clients fulfill their payroll responsibilities, which encompass tasks such as filing payroll taxes, generating comprehensive payroll reports, and issuing W-2s and 1099s for both employees and contractors.

Curious about what payroll taxes entail?

Payroll taxes encompass the taxes paid by employers and employees, which are based on their respective wages and salaries. These taxes include federal income tax, Social Security tax, Medicare tax, as well as state and local taxes. We take charge of all the intricate calculations, deductions, withholdings, and timely deposits of these taxes on behalf of our clients. Furthermore, we handle the preparation and submission of all the necessary forms and reports required for compliance.

Moreover, whether you seek full-service payroll solutions or simply need guidance on managing it independently, our team possesses the expertise and experience to support you effectively. Reach out to us today to explore how we can streamline your payroll procedures, ultimately saving you both time and money.

Accounting and Bookkeeping Training

Trusted Accounting Partners is a leading provider of accounting and bookkeeping training services designed to cater to small business clients, individual clients, and aspiring accounting students. Whether you aspire to start your own business, advance in your career, or enhance your skills, we offer the perfect course for you.

Our accounting training covers a wide range of topics, including:

1. Accounting principles and standards.
2. Financial statements and reports.
3. Tax preparation and filing.
4. Budgeting and forecasting.
5. Cash flow management.

Additionally, our QuickBooks training provides comprehensive instruction on efficiently and accurately utilizing the software for your accounting and bookkeeping needs. Throughout this training, you will learn how to:

1. Set up your company file and chart of accounts.
2. Record transactions and reconcile bank accounts.
3. Create invoices and track payments.
4. Manage inventory and payroll.
5. Generate reports and analyze data.
6. Customize settings and preferences.

If you are interested in enrolling in our accounting and bookkeeping training services, please do not hesitate to contact us today to initiate the enrollment process or to request further information. We eagerly anticipate assisting you in achieving your goals.

Full Cycle Hospitality Accounting:

At Trusted Accounting Partners, we understand that the hospitality industry has distinct financial requirements. Our Full Cycle Hospitality Accounting services are tailored to meet the specific needs of hotels, restaurants, and related businesses. We offer comprehensive solutions that encompass everything from revenue and expense tracking to inventory management, payroll, and compliance with industry-specific regulations. Our team of experts has in-depth knowledge of the challenges faced by the hospitality sector, and we utilize cutting-edge accounting software and tools to ensure accurate financial reporting. With our services, you can have confidence in your financial management, allowing you to focus on delivering exceptional guest experiences and growing your business in a highly competitive market.

Business Consulting:

Our Business Consulting services at Trusted Accounting Partners are designed to be your strategic partners in achieving business success. We work closely with you to develop customized plans and strategies that align with your goals and vision. Our experienced consultants offer valuable insights, data-driven decision-making, and operational improvements to optimize your business’s performance and profitability. Whether you need help with market analysis, cost reduction, expansion planning, or process optimization, our team will guide you through each step, helping you make informed choices that lead to sustainable growth and a competitive edge in your industry.

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