Shapiro & Co. provides a wide range of services to individuals and businesses in a variety of industries. At Shapiro & Co., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
- Tax Services
- IRS and Income Tax Audit Representation
- Entity Selection and Restructuring
- Payroll Services
- Cash Flow and Budgeting Analysis
- Estate and Trust Planning and Trust Tax Preparation
At Shapiro & Co., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize your opportunities and decisions. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
Tax services we provide include:
- Tax Planning & Preparation for Individuals, Corporations, S Corporations, Partnerships, LLC's, and Trusts
- Year End Planning and Projections
- Quarterly Estimated Tax Payment Planning
- Tax Preparation for Non-Profit Organizations
- Multi-State Tax Preparation
- IRS Representation
- Retirement Planning Options
- Estate Planning
- Entity Selection
- Transaction Structuring for Optimal Tax Savings
- Tax Planning Between Corporation and Owners
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Shapiro & Company's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include but are not limited to:
- Preparation of Compiled Financial Statements
- Preparation of General Ledger and Journals
- Bookkeeping (Monthly, Quarterly, or Annual)
- Accounting System Setup and Support
- Payroll Processing
- Cash Flow Budgeting and Forecasting
We can set up financial reports to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.
Shapiro & Co. provides complete compiled financial statement preparation including balance sheet, income statement, and statement of cash flows. We also prepare comparative statements to help analyze the trends in your business between periods. Our compiled financial statements include a complete general ledger and all necessary journals. Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer an opinion or assurance but are very useful in managing your company.
Shapiro & Co.'s litigation support accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business dissolution, bankruptcies, and divorce. These services can involve quantification of economic loss or damages, and analysis of financial records. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.
IRS and Income Tax Audit Representation
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to deal with and answer any and all questions the IRS or State Tax Agencies may be asking of you. We have experience dealing with income, payroll, excise, and sale's tax examinations for our clients.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Shapiro & Co. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Shapiro & Co. can review the advantages and disadvantages of the various entity choices to make your decision clear. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.
Shapiro & Company offers the following solutions to help meet your QuickBooks needs:
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Shapiro & Co.'s payroll services can help you reduce the time spent on administration through developing and implementing a payroll system that will facilitate processing, timely payment and preparation of tax returns.
Pension and Profit-Sharing Planning
Shapiro and Co. can assist in choosing the best pension, profit sharing, or other retirement plan that fits your tax saving and budget needs best.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Shapiro & Co. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, rebalance your budget and/or debts for an optimal cash flow to support your business' success. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Shapiro & Co. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success.
Estate and Trust Planning and Trust Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Shapiro & Co.'s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.