Any C.P.A. firm can record history. Our firm will help you build a future.
BUSINESS TAX & ACCOUNTING SERVICESBusiness Tax Services
Collaboration…
From start-ups to established enterprises, businesses rely on tax planners and accountants to ensure they are paying no more than their fair share of taxes.
FMA, C.P.A.’s team of seasoned tax professionals and accountants work as a team to ensure that you are the most tax efficient by using all of the available deductions and credits afforded your business. We teach you best practices to capture and document business expenses, plan for your income and tax payments and help you identify and use your financial tools to make sound decisions.
Tax Planning Services
It is important to choose an accountant who is more than just a tax preparer but one that is a tax planner. At FMA, C.P.A., we take the time to understand your business and your goals and develop tax efficient strategies to achieve those goals.
Our expertise and experience drive us to utilize thorough research and analytical tools in identifying optimal tax planning opportunities within both existing and ever-changing tax law environments.
Accounting Services
It is important to have good information upon which to make good decisions. From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to manage profitability, capitalize on new opportunities and monetize their business. FMA, C.P.A.’s accounting services helps you maintain accurate records and get meaningful reporting. This helps support your business on financial issues such as accounting system setup, cost-containment, profitability analysis, tax efficiency planning, budgeting, cash flow forecasting and building an income statement and balance sheet that accurately reflects the business activity.
Services
- General ledger review
- Financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Expense review and management
- Payroll processing
- Cash flow budgeting and forecasting
Business, Individual & Estate Planning
Since 1989, FMA, C.P.A. has provided expert business, individual and estate tax and accounting services to our clients. When you engage with FMA, C.P.A. you can be assured you will work with a team of professionals that focus on tax planning to get you the best results.
Our highly qualified staff works as a team to be proactive in meeting your tax and accounting needs. At FMA, C.P.A we look through the windshield with a focus on tax efficiency planning rather than just focusing on completing forms and filing tax returns.
Our expertise and experience drive us to utilize thorough research and analytical tools in identifying optimal tax planning opportunities within both existing and ever-changing tax law environments.
Independent Contractor
Business Tax Planning
Independent contractors (or 1099 “employees”) are individuals who operate their businesses independent of their clients or “employers” and who generally report their net income on Schedule C on their personal tax returns. Like any business entity, independent contractors need to manage their income, expenses and taxes. Without proper planning, independent contractors could pay as much as 15% or more in taxes than you should.
Your tax situation goes beyond income tax planning and should include strategy that incorporates entity structure planning, compensation and expense controls. At FMA, C.P.A. we help independent contractors reduce tax liability, get organized and employ tax strategies to help ensure they are not paying more than their fair share of taxes.
Accounting & Bookkeeping
(Monthly, Quarterly, or Annual)
As a 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 consultations
General Ledger Review
The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flow through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system allows us to hunt down any discrepancies such as double billings, unrecorded payments or items improperly coded to a balance sheet rather than to your income statement. We can identify these discrepancies and fix the issues, so your books are accurate.
Financial Statement Preparation
The basic financial statements of an enterprise include:
1) balance sheet (or statement of financial position),
2) income statement,
3) cash flow statement, and
4) statement of changes in owners’ equity or stockholders’ equity.
FMA, C.P.A. assist its clients on how to set these statements up, using best practice, how to read the statement and most important how to manage their business using the information.
Accounting System Setup & Support
Each Business has different needs and different budgets for their accounting system, we work with our clients and identify what system best fits their needs and budget.
We help with important decision for your accounting set up:
- The first decision to be made is which type of accounting method to choose, there are 2 choices: cash or accrual we explain what the benefits are to each method
- Help select the proper software
- What expenses should be tracked and creating a chart of accounts
- How you want to Design and format your Financial Statements
Payroll Processing
When it comes to paying employees, laws and the IRS have made the payroll function a time-consuming nightmare for the small business owner.
We work with Business to identify payroll solutions that meet your business’s needs and enable you to spend time doing what you do best–running your company.
Get the Payroll Solution That Best Fits Your Needs.
We know that when it comes to payroll service – no one size fits all. That’s why we work with Businesses on the following payroll processing options:
1. Comprehensive Payroll Services (we use Paychex, ADP and Surepay)
We work with 3rd party payroll companies to make a your transition to their systems seamless and make sure we negotiate the best price,
2. After-the-Fact-Payroll Services
FMA, C.P.A. officer only after the fact payroll services. We manually-prepared payroll records and other payroll information, so you get:
- IRS and State tax reporting as well as EFTPS tax deposits.
- Quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
Cash Flow Budgeting & Forecasting
FMA, C.P.A. works with client to have A full understanding of what cash flow is and how it impacts profit is central to operating a successful small business.
Although profit may be the ultimate goal, it can’t become a small-business owner’s sole focus, because without a successful cash management plan, profit can be meaningless.
Get In Touch
2641 McCormick Dr. – Suite 103
Clearwater, FL 33759
727-530-0036
info@fma-cpa.com