J&J TAX ACCOUNTING PLLC - Small Business

One stop for individual and small business tax and accounting needs.

As a small business owner you have more important things to do than to keep your own books.

We take care of your books for you, so you can get back to the job of running your business and generating profits.

Each month or quarter we’ll do the following things for you…

Reconcile your bank account
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

BANK RECONCILIATION

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your bank account each month allows you to…

Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.

INCOME STATEMENT

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to…

Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.

BALANCE SHEET

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.

A balance sheet helps you…

Quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Determine if your business is in a position to expand.

MAINTAINGING A CLEAN GENERAL LEDGER

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in tip top shape.

UNLIMITED CONSULTATIONS

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

J&J TAX ACCOUNTING PLLC

J&J is the perfect answer to the accounting and tax needs of small businesses. We offer the flexibility to create a package of accounting services, custom made to match the reporting requirements of your particular business. We can provide bookkeeping services, tax planning, industry specific solutions, and much more. Whether your business is new or established, small or midsized, you’ll always receive the personal support and exceptional service, J&J has come to be known for by local business owners.

In addition to our wide range of business accounting and tax services, we also provide tax preparation services for individuals. When you trust us to prepare your taxes, you’ll have the comfort of knowing that they’ve been calculated accurately and you’ll get your tax refund back quickly.

For all of our clients, our goal is to form a long-standing professional relationship. To learn more about the entire scope of accounting and bookkeeping services offered by J&J, and how we can save you money on taxes, contact us for a free consultation now.

BUSINESS INCORPORATION SERVICES

Starting a new business is an exciting, rewarding, and somewhat stressful endeavor. There’s a long list of decisions to be made early on, but one of the most important is selecting the right business structure. The type of business entity you select can impact everything from how to establish owner compensation to how much you’ll pay in taxes. Don’t risk making the wrong choice, contact J&J TAX ACCOUNTING PLLC for guidance. We simplify the business incorporation process for new business owners and lead you towards the most appropriate structure for your business. We’ll help you weigh the benefits against the disadvantages of each entity type, so you can feel confident you’ve made the right choice for your new business.

Once you’ve formed your new company, it’s essential that you put accounting processes in place that will accurately track your financial data. We’ll show you the best way to keep your books in order and can provide the accounting and bookkeeping services you need to stay on top of your finances. We'll also explain how to draft a compelling business plan that clearly outlines your business goals, so you can secure the financing you need to get up and running. With our instruction, you’ll be ready to meet the challenges of being a small business owner.

WEALTH MANAGEMENT FRO HIGH NET WORTH INDIVIDUALS

At J&J TAX ACCOUNTING, we take a holistic approach to wealth management for business owners, high net worth individuals, and their families. We recognize that certain turning points in your life like the sale of a business, financing your children's education, or retirement, require careful financial planning. We'll work with you to achieve your financial ambitions and maintain your lifestyle during retirement while carefully preserving wealth for the next generation.

The aim of our wealth management services is to take proactive steps that will align your finances to meet your personal objectives. To accomplish this, we'll meet with you to discuss your concerns and learn all we can about your financial aspirations and life goals. Then we'll start to build a comprehensive plan that will safeguard assets throughout your life and transfer wealth to your beneficiaries with minimal tax implications. This proposal may include succession planning, estate planning, and investment management. As your wealth grows and your circumstances change, we'll adjust this plan accordingly so you can always have the peace of mind of knowing that your family will be financially protected in the years to come.

Our Wealth Management Services

J&J provides wealth management services for busy professionals, families with a large number of assets, and high net worth individuals. Call us at 253 203 3138 to schedule a consultation today.

Asset management
Budgets
Retirement planning
College savings plans
Estate planning
Trusts
Charitable giving
Asset allocation analysis
Business succession planning
Investment and insurance management
Tax planning strategies to preserve wealth

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