Tax Services

Tax Services

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Taxes are typically one of the first things most businesses think about when they need to leverage some type of accounting professional. We have CPAs who are ready to help you with all your tax needs so that it’s no longer a worry for you or your business. We work with clients on both business tax preparation and personal tax preparation. Our proactive approach means we can monitor your taxes during the year with strategic tax advisory services. This minimizes that filing season chaos and any tax-time surprises. We process quarterly tax payments, sales and franchise tax payments, in addition to personal property taxes. Our skilled tax team can also manage the 1099 filing process. What Is It? Accountfully's Tax services make a clear-cut enhancement to the standard accounting package because we have all of your basic information and understand the inner workings of your business already. For new companies and for any company that may be considering restructuring, we review legal and tax structures to help you understand your tax scenarios. We can also help with strategic reviews to plan for upcoming tax liabilities. On the flip side, if you’ve had any past challenges filing your taxes, we can help you get back on track, so you can move forward with a clean slate. When Do I Need It? The most common need is for yearly business and/or personal filing. Outside of the yearly requirements, any business will benefit from a more proactive approach to planning, filing, and managing tax liabilities, with tax advisory support. Regular year-round tax duties like managing and planning for quarterly tax payments, and planning for and filing sales taxes are just the tip of the tax iceberg. Many common business milestones will have tax implications that can be navigated in confidence with a tax team in your corner. Things like choosing the best type of business entity structure or navigating changes, business sales and/or changes in ownership, change in method of accounting,
AccountfullyAccountfully has been an integral accounting partner to hundreds of CPG brands for over a decade. Our modern solutions offer flexibility and scalability in each of our service levels. Each is designed to match a need at every step; ranging from basic bookkeeping and tax to more advanced advisory and inventory management services. Serving the Unique Needs of the Inventory Based Business Managing inventory is a complex process that requires efficient, timely, and proactive accounting methods to support its unique business model. We provide the data that allows you to make big decisions and focus on running your business. Our in-house inventory accounting team are dedicated experts in their craft. They work with clients to map out the best plan that maximizes their inventory and supports their business goals. Modern Solutions for Modern Brands Our modern systems support modern brands. What inspires us about CPG brands is the category-disrupting ideas and the conscious causes they support. These business leaders don’t have time for bulky paperwork and processes, they are forward-thinkers who use modern technology. Since the beginning, Accountfully has utilized cloud-based systems that sync nicely with other popular apps and software. Run your business from anywhere and get set up quickly. We match our clients' demand for these essential efficiencies. Some of our hallmark systems used include: Quickbooks Online Gusto for payroll and employee management BILL for Accounts Payable and Receivable Fathom for KPI tracking DEAR/Cin7 for inventory management Expensify, Divvy, and Ramp for expense management These all integrate nicely with popular CPG-specific applications like Shopify, Faire, Amazon, Mable, and KeHE Connect, to name a few. Inventory Management Systems Implementation and Management Know the costs of each step of your product; from raw materials to finished goods, minus the bulky spreadsheet. When it’s time to implement an inventory management system our team can help. We specialize in popular systems like DEAR/Cin7 and leverage our proprietary “Inventory Workbook”, which maps out the supply chain and all points in the cost of goods sold. This pivotal document acts as the foundation for inputting all necessary details into a system when the time comes. Services Offered Accountfully offers a variety of engagements based on your business needs, including: Bookkeeping and Controller Level Services Introductory Outsourced Accounting Full-Service Outsourced Accounting Inventory Management Services Finance and Advisory Tax Services Deductions Management

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