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Absolute Bookkeeping & Tax Services, Inc. profile image
A

Absolute Bookkeeping & Tax Services, Inc.

NASSAU

With over 10+ years practicing accountancy and bookkeeping I have helped many small businesses grow and prosper by sitting down with them and listening to what their needs are. I have helped them grow their business and at the same time lower their taxes down by keeping accurate bookkeeping records on a timely basis. Since I have also worked in CPA firms I have great knowledge of how the financial reports should be presented to anyone from CPA, bankers, loan officer and many more know how to read them. I have become a Quickbook advisor and maintain bookkeeping and tax classes throughout the year in order for me to give my clients the best advice as possible. My mission is to give small business owners accurate, reliable and timely financial information to make better business decisions resulting in more profits.

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What kind of accounting services do you provide?

We are a complete bookkeeping, payroll taxes, tax planning services company. We can handle your -
AP
AR
Payroll
Tax responsibilities
General Bookkeeping
Back Taxes
Personal Tax Preparer.
Financial Planning
Business set up / Chart of Accounts
Record Keeping
Paperless - Setup
Past tax responsibilities

Why is it so important for businesses to hire a great accountant?

I have been practicing Accountant, bookkeeping and Income Taxes since I was in High School. I was born with a passion to do this and with this passion of mine I have helped out many businesses either begin or got them out of the hole the got them into. I really believe I know bookkeeping inside out and I believe that you should focus on what you do best. As a business owner, I believe you should be focusing on what you love to do and not the bookkeeping but still be able to understand your finanicals. I will be able to sit down with you and help you understand your fincancals and what they mean to you and your business.

What do you love most about your job?

Most people believe that accountants like the accounting profession because they simply like to crunch numbers. Although this may be true; for me and am sure many others, it’s much more than that. What I do on a daily basis is much more rewarding and important for the business. The general perception is that we are serious and boring. Personally, I think these connotations can be attached more so to an individual rather than a profession in general. However, as an accountant, I can say more times than not we are quite the opposite. Here are a few reasons I love my profession and choose to do it:

1)Solving problems – My job allows me the opportunity to always be on the front line solving business problems. Whether it is cash shortages, low sales, how to turn losses into profits or how to apply IFRS to a particular transaction, there is always something to solve. This keeps the job interesting and diverse. I am definitely able to use my problem-solving techniques and implement solutions that achieve desired results. Most importantly these skill sets are particularly valuable to businesses today.

2) Participate in strategic decision making and make strategic recommendations – Depending on your level within the organization you may get the unique opportunity to participate in strategic decision making. This is extremely essential in the accounting field to help shape and decide the long-term goals and objectives of the organization as well as make necessary recommendations, such as growth and expansion or restructuring.

3) Collaborating with different departments – Because the profession is the central unit where all information is accumulated, analyzed and disseminated, there must be a collaboration between the various departments within the business. This allows departments to work together, brainstorm new ideas and solve problems. This also allows one to learn and understand the operational units and how they work. You become well rounded and have an overall understanding of how the company works, because of this persons are able to move into management roles.

4) Analyze Data to guide decision making – This is one of the most important aspects. Accountants get to use the information to inform executive and business unit heads of the company’s financial performance, identify historical trends, understand market conditions and competitiveness and make projections for the future. As the volume of information increases and demands from businesses change there is an expectation to find new revenue potentials that impact the bottom line and ultimately the business and its stakeholders positively.

5) Leading process improvements – There is a continuous need for process improvement within any organization. Businesses are so dynamic and so must we be too in responding to changes as they arise. There must be changes to processes as strategic objectives change to support them and accountants are integral to these improvements. Not only the introduction of new processes but re-engineering and redesigning of old ones to achieve the company’s goals.

I see myself, not just as an accountant but a business partner who has an equal stake in whether the business is successful or not. One who provides and interprets financial data and its impact on the business. I also see myself as an educator who imparts knowledge on financial information whether to business unit heads or executive management. With the ever-evolving business landscape, it is certainly a great time to be in this profession.

What inspired you to start your own business?

While working in CPA offices I observe how disrespected the partners treated their clients. I always believe I was able to service the clients better and give them more time that my bosses never gave them. I started my own business to give more times to my clients, which they justly deserve.

Why should our clients choose you?

We take great pride in being a company dedicated to bringing common sense solutions to businesses from all walks of life. We’re a Main Street Company for Main Street North America.

Let us show you how we can help your business and family.

What kind of accounting services do you provide?

-Corporation Tax
-LLC Tax
-Individual Income Tax includes e-filing
-Monthly Bookkeeping Services
-Payroll Services ($50 per paycheck stub, $75 for each W-2 and each 1099-MISC)
-ITIN Applications
-Estimated quarterly taxes and Sales Tax Services
-Quickbooks Setup

Why is it so important for businesses to hire a great accountant?

We all know that having common sense is not very common.

And we also know that Taxes are what they are.

However, if we think about the Tax consequence of any transaction in your business before the expense actually takes place. Then, you might be able to avoid a tax consequence.

There are many ways to reduce taxes if you have Proper Financial Statements Prepared and the analyses are done on time.

You have to think outside the box, if you have to prepare a structure for your business, or even if you don't know what to do with a certain income. It all depends on what your goals are with your business. Do you plan to have an exit strategy, or do you want to have it as a source of support?

What do you love most about your job?

The best thing I love about my job is helping the business owner achieve their dreams on whatever that might be such as buying a house, paying off their debts or having enough fund in order for them to retire comfortably. I enjoy the different stories they have on why they wanted to open a business and go on their own, or preparing their individual tax return and informing them how they could lower their taxes by just doing small simple things that no one else has informed them about.

What inspired you to start your own business?

Being raised by a single father and seeing how much he struggled to maintain a household by working 6 days a week for over 40 years and at the end having nothing to show for his effort, I decided to become an accountant in order to help families and help them out in order for them not to be in these situations my family was in.

Why should our clients choose you?

We care about them and their families in order to achieve their American Dreams.

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