Services
At Kagan & Associates, Ltd. our goals are to provide you with reliable, timely financial information to help you manage your business, tax planning to minimize business and personal tax liabilities, and business planning and management advisory services that get results.
- Bookkeeping / Write-Up
- QuickBooks, QuickBooks Online and Similar Software Options
- Tax Preparation and Tax Planning
- Payroll Services
- Sales Tax Services
- IRS and State Tax Audit Representation
- Accounting Software Selection and Implementation
- Business Entity Selection
Bookkeeping/Write-Up Services
Our professionals can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. Services may include electronic capture of your bank and credit card transactions, categorizing your transactions to the proper accounts, and reconciling your bank and credit card accounts. We also review your activity to identify trends, and alert you to any questionable or unusual activity we see. As your business needs grow and change, our staff can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
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QuickBooks, QuickBooks Online and Similar Software Options
We are QuickBooks ProAdvisors and can provide your business with support on all aspects of QuickBooks desktop products and QuickBooks Online. We have the skills, experience, and knowledge to set up your company data file (including the appropriate tax-related settings) and get your bookkeeping system up and running. We can assist you in selecting the appropriate options to customize the program to best suit your needs. This may include customizing your chart of accounts to ensure it is appropriate and meaningful for your business or setting up custom-designed key performance indicators and financial reports to provide you with information in a format that’s meaningful and useful for you.
We are also proficient with Wave and Xero bookkeeping software and can provide you with comparable services using these programs, if they better suit your needs.
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Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. Our professionals can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having our professionals on your team, you are more likely to benefit from those opportunities. Our professionals understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.
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Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our payroll services professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.
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Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. Our tax professionals can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
IRS and State Tax Audit Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we have years of experience dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
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Accounting Software Selection & Implementation
There is no shortage of accounting software solutions for your business. Software as a service (SaaS), cloud computing, and other technological innovations are adding more dimensions to technology decisions. Choosing the right solution that will meet the needs of your business now and in the future while also providing a necessary level of security is crucial. We can analyze the nature of your business and financial transactions, current technology, future business plans and emerging needs to identify and implement a software solution that is flexible enough to grow and change with your business.
Business Entity Selection
Your business structure – LLP, LLC, sole proprietorship, corporation, or partnership – has enormous financial and tax implications. It’s important that you choose the right entity structure for your business. We can explain the differences between each option and help you select the most appropriate business structure. And, as your business grows and changes, the type of entity you choose may need to change too. We can help you analyze your current structure to determine if it’s still the best fit for your business.