Profit Wise Accounting

Complete tax services for businesses and individuals include:

Preparation of business returns: Form 1065, Form 1120, Form 1120S Form 1041 Form 990
Income tax preparation for individuals
Sales Tax
Estate and Trust Tax Preparation
Non Profit Tax Preparation
Tax Resolution
Payment Plan
Offer and Compromise
Back Tax Filings
Penalty Abatement
Our expert tax services include:

Tax Return Double Check—Your tax return will be thoroughly reviewed by our advanced tax software in order to find and correct any problem areas well before they get to the IRS.
In addition, our team gives you ways to save more money, such as:

Showing you how to adjust your payroll withholdings to get more money back every week.
Identifying deductions you may have overlooked that will limit your tax liability for next year.
No matter how complicated your taxes may seem, we handle all tax preparation with a thorough evaluation.

We provide support to help you get the most of that nifty-but-expensive accounting software. We are certified in QuickBooks Desktop and Online versions, and can provide training if you need it.

Now, more than ever, you need to be sure your QuickBooks™ setup is correct and your accounting system is clean and easy to understand. This is one area where a bad bookkeeping system can cost you and your company a ton of money in back taxes, fines, and penalties.

Running a business takes an enormous amount of time and energy. It’s not easy keeping up with all the details. Let us help you get on track!

We provide support to help you get the most of that (nifty-but-expensive) accounting software. We are certified in QuickBooks Desktop and Online versions, and can provide training if you need it.

We simplify and automate your payroll busywork. Make payroll effortless! You need a Payroll provider to improve efficiency, reduce cost, and treat your data confidentially! Because of the various laws, payroll is no small feat for any business. We can handle all of your payroll needs in every state!

When it comes to paying employees, regulations and the IRS have made the payroll function a time consuming nightmare for most business owners. Business owners spend an average of 8 hours a month performing payroll functions. That’s 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers. We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best–running your company.

Forming a corporation or starting a new business? Our entity formation services will help you ensure your assets are protected and you have chosen the best Tax Structure. Forming your new business legally and correctly requires several steps. We’ll fill out your forms, acquire your EIN, and walk you through the process so you know your business is starting out on the right path.

New Business Services
Entity selection- Sole Proprietorship, Partnership, LLC, S-Corp
Operating Agreement creation
Paperwork filing with government agencies
Business advisory for new businesses
Tax planning strategies
Quickbooks™ setup and training
Bookkeeping, Payroll, Tax Payments, and More
Set-Up Business Services
Business Setup Services

Prepare an initial business plan to clarify your marketing, management, and financial plans.
Determine your start-up capital needs.
Identify sources of start-up capital and backup sources if needed.
Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
Setup QuickBooks with the proper apps to run your business.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
Establish billing and collection procedures to maximize your cash flow.
Establish procedures to monitor and control costs.
Setup a home office so you can maximize your tax deductions.
Prepare and file all required state and local licenses and permits.
Prepare and file your application for your Federal Employer Identification Number.
Provide payroll and payroll tax filing when you bring on your first employee.
Comply with employment laws so you don’t get hit with fines and unhappy employees.
Identify your business insurance needs.

Whether you’re a 501 (c)(3) or another type of non-profit, Profit Wise has the experience and knowledge to keep you compliant with the Federal laws that authorize your non-profit status. Do you want to make sure all of your bases are covered? Talk to us about our audit services…between our audit department and our tax department, we can make sure that Uncle Sam is happy with you.

Profit Wise Accounting has long been a supporter of emerging businesses, non-profit organizations, and entrepreneurs; in fact, our firm was founded with an entrepreneurial drive and a hope for a dream to be fulfilled. We know firsthand the challenges and opportunities that today’s emerging businesses and non-profits face. Profit Wise Accounting has a strong desire to see similar organizations succeed and, to assist in those efforts, we have specifically created this division to serve our emerging businesses, non-profit, and entrepreneurial clients.

With all of our services, the goal of our CFO Services division is to help your emerging organization get structured financially, strategically, and to plan for the future. Having the proper financial structure in place helps you grow your business or organization at a more rapid pace by increasing your visibility and allowing you to take advantage of your successes and address your weaknesses in a timely manner. Furthermore, as your business or organization grows, we have the expertise you need to meet your projected needs. Our client service is hands-on and personal, as we strive to provide you with assistance on the large, complex issues as well as your day-to-day needs.

Solutions for IRS Problems
We are here to help you resolve your tax problems and put an end to the stress that the IRS can put you through. We pride ourselves on efficient, affordable, and discrete tax services. The IRS problems will not just go away on their own. They just keep getting worse with penalties and interest being added each day.

If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up to you, but they’re relentless and have no mercy in collecting the money that is owed. When the collection process starts, they’ll make your life miserable and literally ruin all aspects of your life.

Here is an overview of things we offer assistance with:

Haven’t filed your tax returns for years?
Do you owe Back Taxes?
Do you have Payroll Tax Problems?
Has the IRS placed tax Liens on your home?
Is the IRS threatening to seize your bank account and take your money out of the bank (Levies)?
Is the IRS threatening to seize your personal property (Levies)?
Is the IRS threatening to take your paycheck, 401(k), and other retirement accounts (Wage Garnishments)?
IRS Solutions

Owe the IRS a lot of money? Settle for pennies on the dollar with an Offer in Compromise.
Need more time to pay? Set up a Payment Plan.
Like to get out of a tax debt caused by misdeeds committed by your spouse? Innocent Spouse Relief is available.

Tax Preparation
Complete tax services for businesses and individuals include:

Preparation of business returns: Form 1065, Form 1120, Form 1120S Form 1120
Income tax preparation for individuals
Sales Tax
Estate and Trust Tax Preparation
Non Profit Tax Preparation
Tax Resolution
Payment Plan
Offer and Compromise
Back Tax Filings
Penalty Abatement
No matter how complicated your taxes may seem, we handle all tax preparation with a thorough evaluation.

Back Tax Returns
Let us file your back tax returns and sleep well tonight!

If you have unfiled tax returns let us help you!

The IRS may send you a notice requesting that you file a delinquent tax return. They may take several years to inform you that they haven’t yet received your tax return. The IRS will eventually notice that you haven’t filed a tax return and will pursue you for any associated back taxes.

You may be tempted to ignore your unfiled returns, hoping to fly under the radar and escape the IRS’s notice. This is a risky choice. Failing to address your tax problem can result in serious consequences, including: