|Fichera & Company, CPAs
offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to provide our clients with personalized attention. Below is a list of services we offer along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.(Click Service Title For Details)
We pride ourselves in finishing your returns accurately and timely. We prefer to take a proactive vs. reactive approach to tax preparation. In our office the only returns that go on extension are those with incomplete or late information or at a client's request. We also understand that we are working for you, not the government, so your returns are prepared taking full advantage of all legal tax saving opportunities. Tax preparation services offered include the following:
By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. There are several basic tax planning strategies that can be applied to both individuals and businesses to save you money. These include shifting income and deductions, tax deferral through qualified plans, tax exclusion through proper investments, splitting income among family members, and structuring your affairs in order to maximize business deductions. The best way to take advantage of these opportunities is to consult with us before the end of the year. We will review your current situation, offer tax savings suggestions, and provide you with a report outlining your potential savings as a result of our suggestions.
IRS and CA Audit Representation
If your returns are audited we offer several options. We can organize your case and meet with the tax authorities on your behalf, or we can help you organize your information if you decide to represent yourself in simpler matters. In most situations we recommend full representation. However, in audits requiring only basic substantiation, some of our clients have successfully represented themselves and used our services only to help them prepare. We also provide full support in responding to IRS and FTB notices.
Accurate tax preparation requires thorough research. Our firm has access to authoritative research material using federal and state online research services. We have the resources available to investigate your complex tax issues with the goal of legally maximizing your savings.
Certified QuickBooks Pro Advisor ®
||Providing accounting solutions for small businesses is one of our specialties. You can get more meaningful information and save time and money in the process. First, you need to maximize the use of computer technology by using software that is easy to learn and apply. Second, you need professional assistance to help set up your books, train you and your staff, and provide ongoing support. Your accounting data file can be transferred to our computer network using a simple file transfer tool, for review and adjustment, then downloaded back to your computer when complete.
We are Certified QuickBooks ProAdvisors and specialize in supporting QuickBooks financial software. These programs provide fully integrated general ledger, accounts receivable, accounts payable, payroll, online banking, inventory, point of sale, job costing, estimating, time tracking, extensive financial reporting and more. They are suitable for small to medium size businesses, very easy to use, and offer the best value in small business accounting packages today.
QuickBooks Pro and Premier are multi-user versions of the program that can be networked up to 5 users. The Enterprise version can be networked up to 30 users, has more extensive options, and processes transactions and reports much faster. The value of these programs is found in their comprehensive features and intuitive ease of use. They provide a full array of reports that can be customized to produce meaningful information and help you effectively manage your business. We have trained many clients with little or no accounting experience. You can now take control of your own accounting!
We provide financial statements that are customized to meet the reporting requirements of your business. You may need to provide statements to a financial institution or to shareholders on a regular basis. We can provide the assurance you need to accurately present this information in a timely manner. We will also help you understand your financial statements so you can manage your business more effectively. We prepare compiled financial statements, as defined by the AICPA, but not audits or reviews.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs...) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.