We can assist a person in realizing their goal of opening a business from scratch, to the point of sale or closure of the business. We aim to ensure that you are well-informed and have the support you need to focus on the business rather than the required state and federal filings or accounting work.

For existing businesses, we can help streamline things like monthly reporting, payroll, inventory processes, and more. Just like with a new business, our goal is to remove the additional accounting work that is taking time out of your day so that you can focus on the growth of your business.

Corporate Tax Matters

Corporate Tax Matters include but are not limited to:

• Tax Preparation and Planning for a new or established business – Planning includes identifying possible taxable events and liabilities the business owner is not aware of
• Proper Designation for Tax treatment by the IRS for your business
• Yearly Tax Returns
• IRS Audits: Payroll, Tax Returns, Tax Returns never filed, Sole Proprietor audits of income not reported, and more
• Past Due Tax returns in delinquency.
• Prior Year(s) Un-filed Tax Returns
• State Taxes: Sales, Payroll, Unemployment

For People Working To Open A Business

We help people who want to start a new business understand how to properly structure and process all required documentation and fees for the State, The IRS, and banks.

Basic Accounting Needs

We work with our clients to process monthly, quarterly, and yearly accounting work, e.g., monthly and yearly closes. We have assisted clients that have never had any true record keeping of books, clients that have had books that were incomplete and unorganized, to overseeing clients that handle their books but now need an accounting firm to take over. Our firm works with clients that have several different accounting software, including our in-house software; some of these are:

• NetSuite
• Quickbooks (Online and Desktop)
• Xero
• Freshbooks
• More specialized ones tailored to a specific industry (e.g., construction or manufacturing of products and inventory tracking)

Accounting Software Solutions

If your business needs accounting software, you have several options. The most typical client-outsourced software we work with are NetSuite, Quickbooks, Xero, and Freshbooks. We also have powerful, secured in-house software that we work with for certain businesses.

Payroll Processing

We process payroll for clients from thousands to millions of dollars annually, including processing quarterly/yearly payroll taxes and all documentation required for the State and IRS. Because most businesses have employees, we prepare, file, and send W2s, 1099s, etc., to all appropriate parties. All of our reporting is done electronically via secure connections. Payments to employees are made via Direct Deposit so that our clients no longer have to take long hours out of every week to process physical checks.

Financial Analysis

Our team can provide a holistic and detailed analysis of your business for things like Forecasting, Budgeting, Identifying Cost Savings, Expenses vs. Budget, Monthly/Yearly comparisons, and more. You will have better clarity on determining what your financial statements mean, help you strategize certain parts of your expenses where you may need to lean out, and more.

Our research will help you understand where your business is and where you want it to go and pivot your business to reach its goal(s). We take data and make it into information via reporting, giving you a clear picture of your financials.

Project Work

As your business grows, you need to get a holistic look at it, where you want it to go, and how to manage it effectively. We are here to help you get there. The following are some our services that can run your business more efficiently.

New Software Implementation

If you outgrew, are not happy with current accounting software, or want to change software companies, we can help.

We have been part of many implementation projects with clients where they need or want to change from one software to another. These projects take time and finesse to ensure that all your business needs work with new software and all the accounting transfers correctly, ensuring your books stay accurate.

Forecasting & Budgeting

A solid foundation for a new or existing business requires foresight to understand where the company’s revenues are financially in the short and long term.

Fiscal Group works with clients to determine realistic values for Revenues so that you, the business owner, can make the proper decisions to help your business grow and build budget(s) to track yearly expenses effectively.

Inventory

If your business manufactures or purchases goods for resale, then you know how vital inventory tracking is. We can help implement proper inventory practices within your business so that you can account for not only day-to-day inventory but also scrap, loss, damaged goods, etcetera.

Customized Chart of Accounts

We build tailored, industry-specific customized Chart of Accounts (COA) for businesses if needed. If you have ever used accounting software and used their standard COA, you might have found that a lot of the time, it needs some fine-tuning. An adequately built COA is important for record-keeping and ensuring that the business correctly classifies items like income and expenses for tax purposes.