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| Executive Resources Financial Services, Inc. | Let Us Become Your Business Office! | |||
Deborah Sandbank (530) 888-6691 www.ExecutiveResourcesFSI.com Location 500 Wall Street Auburn, CA 95603 Scan our QR Code with Your Smart Phone for Contact Info   Click Here to Stay Updated via Email |
Executive Resources Financial Services, Inc. provides full business management services, bookkeeping, tax preparation, payroll and more. Our mission is to help clients maintain financial viability while taking a proactive approach to achieve your goals. We believe in commitment to excellence with an emphasis on specialized teamwork with each of our clients.  Our goal is to provide each of our clients with accurate, current, understandable financial information for making sound business decisions. We will plan and work with you to help you accomplish your financial and managerial goals. We are here for you for any type of financial or business transaction. Our responsibility is to keep your business records in accordance with governmental regulations and your government reports accurately and timely. We provide close personal attention with the quality service which can make the difference in your success. |
Our Business Services include: Full Service Bookkeeping • Financial Statements • General Ledger Maintenance • Payroll Services/Multiple State Payroll • Job Costing • Subcontractor Management • Preliminary Lien Notices • Accounts Payable • Business Bill Paying • Billing Services/Receivables Reporting • Cash Flow Management • Flexible Reports to Meet Your Needs • Bank Reconciliations • Account Reconciliations • State Sales Tax Reports • Year End Tax Projections • Management Advisory Services • Financial Projections & Forecasts • Personal Bill Paying/Budgets • Pension Plan/Trust Account Administration • Office Procedures Consultation • Tax Return Preparation • Tax Planning • Entity Selection and Restructuring • Debt & Finance Advisory Services |
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| Industries We Service... | ||||
| Construction Retail Wholesale |
Real Estate Automotive Non-Profit Organizations |
Service Companies Professional Services & More! |
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| Executive Resources Financial Services, Inc can help you... | ||||
| Save Time & Money | We have advanced systems of bookkeeping and analysis to take the weight off your shoulders of managing your financial profitability, leaving you to work on your business. | |||
| Increase Profits | Our small business services allow us to create a complete picture of your business financial profitability. This kind of review allows you to better project which areas of your business can be upgraded for higher profits and downsized for smaller losses. | |||
| Minimize Taxes | Most small business owners have little extra time as it is let alone the energy to put into learning the changes in the tax system. Since your accounting is kept on a regular basis we can draw attention to areas that can minimize your taxes. | |||
| Focus Your Time & Energy on Managing Your Business | Daily operations can take up your valuable time. We act as your back office team of professionals to make sure everything from billing to job costing is taken care of so you can focus on your business. | |||
Our bookkeeping accounting and financial accounting services can increase your business efficiencies and profitability. Our bookkeeping services facilitates the smooth and successful functioning of large and small business. You can outsource your entire accounting and bookkeeping requirement to us or get consultation in a specialized area.
General Ledger Maintenance
Business transactions are to be properly classified into appropriate accounting heads according to the accounting standards and the applicable legal provisions. Our use of comprehensive general ledger accounting software supports consolidated financial reporting across organizational lines. By generating the required information to manage your business, it provides an accurate picture of your organizations income and eliminates the possibility of being exposed to fines and penalties.
Account Receivable
Inaccurate statements create cash flow peaks and troughs. By utilizing unique account receivable processes and procedures combined with the latest technology solutions, we process checks, post payments, transfer funds, and even provide digital images quickly and accurately.
Account Payable Management
By utilizing unique processes coupled with the latest technology solutions including imaging and automated workflow, our accounting experts provide you with timely and accurate financial information and analysis critical to strategic decision-making. Our bookkeeping services support receipt and management of paper-based payable documents including sort, batch preparation, scanning, and document storage and retrieval.
Bank Reconciliation
Bank Reconciliation is an absolute necessity for businesses as they make deposits and receive many receipts from their customers on a regular basis. Our bookkeeping services check the accuracy of your bank statement details, payments made into your account and withdrawals from your account to tell you whether your books agree with your bank balance. We provide a wide variety of reports reflecting debit and credit activity, and exceptions that have occurred on the account.
Financial Statement Preparation
Income tax act and the companies act place certain requirements on businesses to provide annual financial statements. We have experienced bookkeepers and accountants who can prepare well-organized financial records as per accounting standards and ensure that your business operation is efficient and successful.
Trial Balance sheet Preparation
We have skilled accountants and CPA's to prepare and complete accounts as per GAAP standards in the software of your choice. Our experience in the field of trial balance sheet preparation has grown over years. Our professionals check your existing trial balance for inconsistencies, reconcile them and prepare a proper trial balance for you. We have a wide range of financial accounting services to increase the efficiency and profitability of your financial accounting and bookkeeping business.
Why Outsource Accounting and Bookkeeping?
Tracking of income and expenses gives you a clear picture of your business. You may be operating a construction, export or import business, no matter your industry, you require bookkeeping services.
Outsource your bookkeeping needs to us to increase efficiencies and lower costs by 40-50%. A perfect combination of unique processes and cutting edge technology solutions enable us to undertake outsourced bookkeeping and accounting activities for Certified Public Accountants, medium and small business bookkeeping enterprises and accounting departments of the medium business entities and companies.
Whether you desire to outsource the entire bookkeeping and accounting services activities to bookkeeping firm or need assistance in a specific area, we have unique processes, highly skilled professionals and state of the art technology to assist you with the day-to-day tasks associated with your bookkeeping and accounting services needs.
Our bookkeeping services recognize the importance of the security of data provided by clients and has implemented several security measures to protect it. Our servers are highly secured, firewall protected and well monitored round the clock by experts which prevents unauthorized access to our network and systems. Our privacy policy conforms to global standards and guarantees fail-safe security and confidentiality for client data.
Our bookkeeping services all bookkeeping and accounting projects are performed by highly qualified professionals. The completed projects are then audited by expert auditors. We have served many reputed organizations around the globe. By managing your bookkeeping and accounting functions in a professional and cost-effective manner, we serve as an extension of your business.
Tax Tips - Reminders - Planning Tools
Tips for 2012
Tip 1 - Roth IRA Conversion Taxes
You can convert a traditional individual retirement account to a Roth IRA, regardless of age. When the conversion option first became available in 2010, a special feature allowed individuals who converted to a Roth IRA to spread the taxes due equally over the 2011 and 2012tax years. That means your first Roth conversion tax bill will be included on your 2011 return filed in 2012. Make sure you have that cash on hand, and plan now for the 2012 conversion bill if necessary.
Tip 2 - Claim your American Opportunity
The American Opportunity Tax Credit was a mainaddition of the 2009 stimulus bill. The new education tax break expanded the existing Hope Credit, providing a credit of up to $2,500 of the cost of qualified tuition and related expenses, and up to $1,000 of the credit could come back to the taxpayer as a refund. The American Opportunity Credit was to end in 2010, but was extended through 2012. Be aware that this could be the last year for this credit. A popular way to cut the federal deficit is to allow tax breaks to expire so if you have eligible education expenses, be sure to claim the American Opportunity Credit.
Tip 3 - Notice reported health care info on on W-2
Your 2011 W-2 will have new information on the form. Box 12 is where employers will report the cost of your workplace's group health insurance coverage. This amount is both the amount the business pays as well as the premiums paid by payroll deductions by the employees.Don't worry, it is not taxable income and will be designated by the code DD. It's informational only, designed to help confirm taxpayers who have coverage. Under the health care reform law, the Affordable Care Act, the data will help to enforce the eventual individual coverage.If you do not see a number in Box 12, not to worry as this is optional for employers to report in 2011.
Tip 4 - Pay attention to Form 1099-K
If you get a Form 1099-K in 2012, don't ignore it. The new form records payments received in 2011 by credit card or through third-party networks such as PayPal. This added income reporting mechanism was created as part of the Housing Assistance Tax Act of 2008 and is finally taking effect for the 2011 tax year because of concerns that some small businesses do not report all of their income.
Tip 5 - Be ready for basis reporting on asset sales, etc.
The 2011 tax year begins the time when brokers must report to the IRS an asset's basis, the value that is used to determine profit when you sell it. That amount will show up on the 1099 forms you receive in 2012 for 2011 stock transactions.
Tip 6 - Accelerate income
Many tax experts will tell you to pay no tax before its time. However, impending income tax rate changes might make 2012 the exception to that traditional tax thought.The top ordinary income tax bracket in 2012 is 35 percent of annual taxable income. The highest tax rate may go to 39.6 percent in 2013. So, if you're in the top tax bracket, you might want to accelerate income into 2012 and pay taxes at the lower rate.
Tax Tip - Lost W-2
Tax Tip - Itemize vs Standard Deduction
Articles
- 8 Ways Children Lower Taxes
- 7 Business Misconceptions About Taxes
- Tax Deductions for Using Your Vehicle
- IRA Contributions
- Deductible Taxes
- Qualify for Child Tax Credits
- Tax Deduction for Medical and Dental Expenses
- Tax Payer Scams - Beware
