Accounting & Tax
Accounting more than pays for itself.
If you are the typical small business owner, you see accounting only as an expense hindering your bottom line. However, businesses that have accurate and timely financial data actually improve their bottom line. They are able to utilize financial data to make decisions to reduce expenses and increase revenues.
MILANI & ASSOCIATES, A FIT FOR ANY BUSINESS
Bigger businesses do not need an accountant. They need a controller. As a business grows, its needs become more complex. Larger businesses are often providing enhanced employee benefits, expanding product lines, and implementing additional information systems. Expertise and manpower are required to hande these ever-increasing complexities.
Many growing businesses have out grown their need for an accountant. They need a controller. However, their needs are not such, that they require a controller full time.
At Milani and Associates, we can assume the controllership functions your business requires. As your firm's controller we will focus, not only on expense control, but also revenue growth.
No business is to small for an accountant. Maintaining a handle on finances in a small business when cash flow is tight is extremely critical. The business needs to know exactly what bills need to be paid and what payments are to be expected.
We make it easy for a small firm to afford good accounting by offering fixed-fee pricing for routine accounting services. There are no surprises when you get the bill, so you know exactly how much to budget for accounting expenses each month.
Services incorporated in a fixed fee rate can include, completion of sales tax returns, completion of quarterly and annual payroll tax returns, periodic review of data files, adjusting journal entries, bank reconciliations, creation of financial statements and reports, and telephone support.
If you are interested in obtaining a quote on accounting or controllership services, please email us at accounting@milaniltd.com and someone will respond to your inquiry within twenty-four hours.
Taxes
If you are like most business owners, nothing causes you more grief than taxes. They have no impact on sales and it costs a business valuable resources to comply with a myriad of tax regulations. Consequently, minimizing the tax burden is extremely critical because it is the only way to positively impact profits.
• Income Tax
• Payroll Taxes
• Sales Tax
Minimizing your tax liability
At Milani & Associates, we put our efforts into minimizing your tax liability. We educate you on when returns and payments need to be made, so you are prepared in advance. Filing returns and making deposits on time are the easiest ways to reduce your tax burden.
We will also work with you to get your business’s book and records in order. We will review your transactions and ensure they are properly recorded. Having accurate financial records is critical to filing accurate tax returns. Accurate tax returns minimize the possibility of an audit and, in the unlikely event of an audit, are critical in defending the business.
Income Taxes
At Milani & Associates, not only do we complete your year end income tax returns, we work with you to ensure you are minimizing your tax burden. If you unaware of potential business deductions, we will educate in you deductions. We will review your year-end books to find potential deductions that are missing and look for areas that may be red flags for an audit.
Often times, waiting until year end is too late. Business decisions made during the year often impact the annual income tax liability. Thus, we take a proactive approach to taxes and assist you in making decisions throughout the entire year that minimize tax liabilities.
If you have not submitted tax returns for years past, it is not too late. We can assist you in compiling the data required for historical returns. When completing the returns, we take a comprehensive look at all unfiled tax returns and work to minimize any fines and penalties that may be incurred.
Payroll Taxes
Submission and reporting for payroll taxes can be extremely time consuming for a business. It can also be expensive when tax payments are not deposited in a timely manner. We complete all state and federal payroll returns and execute any electronic deposits on the business’s behalf.
Sales Tax
If you are a retailer, we can complete your monthly sales tax forms for you. If the data is provided to us on time, we will ensure you get any available early payment discounts.
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