PROFESSIONAL ACCOUNTING SERVICES
We take the time to understand your business processes and workflows so that we can customize the best solution to fit your unique needs. Our team works collaboratively with yours to navigate the complexities of today’s regulatory environment and help you achieve your business goals.
Our services allow you to direct your energy towards running your business, with the confidence that your financial data is being responsibly and securely managed. Spend your time doing what you love, we’ve got the rest.
Receiving a notice from the IRS can be unnerving, but we can offer you peace of mind. Old House staff is licensed to practice before the IRS and can assist you with resolving any tax issues you may have. We’ll work with you to collect all the necessary information and communicate with the tax authorities on your behalf. Rest assured our team is in your corner
FINANCIAL PROJECTIONS & FORECASTS
Financial forecasting is critical for business success, namely in regard to effectively manage working capital and cash flow and determining likely future income, revenue, expenses and taxation. These projections are typically reviewed and revised yearly.
With our cloud bookkeeping services, we can provide you with projections for the year, including cash-flow planning and business budgeting.
Rather than spending precious hours stressing over your books, you can outsource your accounting needs to us, allowing you to more effectively focus on your business.
We'll happily provide full-service cloud bookkeeping, reconciliation of all your accounts, and maintenance of financial statements. Consult with our CPA and highly-trained staff on tax matters and other business issues. We’ll also ensure your books are ready for tax season, making filing easier and faster.
TAX PLANNING AND PREPARATION
Tax planning should be an essential part of any business’ overall financial plan, but planning ahead for tax season can be stressful and even confusing. Trying to keep up with the ever-evolving tax code, ensuring you’re applying all the correct deductions and credits, and navigating your way through complex forms can pose a daunting task.
With Old House, we can strategically plan to reduce your tax burden by leveraging applicable tax exemptions, rebates and other benefits. Our tax planning and preparation services include assistance with filing and paying, current tax-year projections, a thorough discussion of your long-term goals, and recommendations for strategies in regard to deductions, credits, deferrals, entity selection.
Many employers prefer to outsource payroll tasks to help ensure their employees and applicable taxes are paid correctly and on time.
Payroll services with Old House include full-service payroll through our partners, federal, state, and local tax deposits and filings, and reconciliation of payroll with your books. We’ll help you meet filing deadlines, deposit requirements and streamline your business operations.
ENTITY SELECTION & RESTRUCTURING
Typical business structures include a Sole Proprietorship, a Partnership, a Limited Liability Company (LLC), a Limited Liability Partnership (LLP), a Corporation, and an S Corporation. Selecting your business entity has a major impact on your taxation and other liabilities.
For new businesses, we’ll advise you on choosing the entity that best fits your needs and long-term goals. For established businesses experiencing growth or new development, we can aid in restructuring if advantageous.
BUSINESS EXPENSE REIMBURSEMENT PLANS
A business expense reimbursement plan, sometimes called an “accountable plan” is a plan that follows IRS regulations for reimbursing employees for their out-of-pocket business expenses so that the reimbursement is not counted as income. This means that the reimbursements are not subject to withholding taxes or W-2 reporting.
We’ll assist you with these accounting matters so you get every deduction.
Researching, selecting, and integrating new accounting software for your business can be a pain that often comes with a steep learning curve. We’ll work with you to assist in choosing and launching software programs for your business and we’ll work with our partners to mitigate any possible cybersecurity risks to ensure your data is protected.