Flawless Solutions for Every Day Businesses
How to find a Trucking Accountant
Launching Your Business
Important updates for 2024 taxes
Our wide range of accounting services helps companies build, grow, and improve performance
We offer accounting services for small businesses, including tax planning, chief financial officers, profitability assessment, financial consulting, financial forecasting, and tax resolution. When you meet with a team member, we will assess what service may work best for you and your company. JJ&A Accounting Services works hard to ensure that each service brings value to your business.
Tax Planning
Tax planning is the analysis of a financial situation or plans to ensure that all elements work together to allow you to pay the lowest taxes possible. A plan that minimizes how much you pay in taxes is referred to as tax efficient. Tax planning should be an essential part of an individual investor’s financial plan. Reduction of tax liability and maximizing the ability to contribute to retirement plans are crucial for success.
Tax Planning for Retirement Plans
Saving via a retirement plan is a popular way to reduce taxes efficiently. Contributing money to a traditional IRA can minimize gross income by the amount contributed.
Tax Gain-Loss Harvesting
Tax gain-loss harvesting is another form of tax planning or management relating to investments. It is helpful because it can use a portfolio’s losses to offset overall capital gains.
Chief Financial Officer
A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO’s duties include tracking cash flow and financial planning, analyzing the company’s financial strengths and weaknesses, and proposing corrective actions.
The role of a CFO is similar to a treasurer or controller because they are responsible for managing the finance and accounting divisions and ensuring that the company’s financial reports are accurate and completed on time.
Profitability Assessment
Profitability assessment is an analysis of the profits, which is considered the money remaining from the capital after subtracting all the overhead costs. This will help you keep track of your business’ performance. Profitability assessment allows companies to maximize their profit. Thus, resulting in maximizing the opportunities that businesses can take advantage of to continue growing in an extremely dynamic, competitive, and vibrant market.
Profitability assessment helps businesses identify growth opportunities, fast/slow-moving stock items, market trends, etc., ultimately helping decision-makers see a more concrete picture of the company as a whole.
Financial Consulting
Financial consulting helps individuals and small businesses manage and grow their wealth. Financial consultants work with their clients to better understand their assets and what they want them to do for them in the future. Our team will provide you with detailed financial information, informed financial forecasting, and ways to invest to achieve your short-term and long-term goals.
Financial Forecasting
Financial forecasting estimates a company’s future financial outcomes by examining historical data. This allows management teams to anticipate results based on previous financial data. We can use financial forecasting to determine how companies should allocate their budgets for a future period. A management team can use financial forecasting and take immediate action based on the forecasted data.
Tax Resolution
Tax resolution is the process of working with the IRS and tax professionals to find a solution to your tax problems.
Paying Back Taxes
Should you owe back taxes, you might not be able to pay the full amount due in one lump sum. Part of tax resolution involves evaluating your returns to make sure you are responsible for the back taxes you’re being charged.
Unfiled Returns
You’re expected to file a tax return each year, but in some instances, life and other circumstances can prevent you from filing. When that happens, the IRS might guess at how much you owe based on the documents it’s received, such as Forms W-2 and 1099.
