Accounting Services
Bookkeeping
Professional bookkeeping consists of collecting, compiling, and reporting transactional data for your business. To better obtain a clear concise view of how your business is doing financially, a licensed CPA firm is necessary. At North Star Tax & Accounting, we create financial statements from your business’s data to help you analyze and report to the IRS and state entities.
The amount of information that runs through your business on a daily basis can be staggering. We not only keep track of the data for you, but we provide clarified reports so you know which direction to take your business.
If your business would benefit from professional accounting services, we can provide a detailed cost estimate based on the services you need. One of our team members would be happy to show you just how much more efficient and profitable your company can be with proper accounting, bookkeeping and reporting. We offer a monthly rate so you avoid any budget surprises, and you get the knowledge of an experienced accounting team.
The following services will be completed on a monthly basis:
- Journal Entries & Reconciliations
- Accounts Payable
- Accounts Receivable
- Depreciation Schedule
- State Excise Tax Return (monthly, quarterly or annually)
- City B&O Taxes, if applicable
- Month-end Financial Reports (Other services available)
- Balance Sheets
- Income Statements
- Custom Financial Reports
- Job Costing
- Overhead Analysis
- Budget Overview and Comparison
- Financial Analysis and Consulting
North Star Tax & Accounting follows Generally Accepted Accounting Principles (GAAP) as is required by certified public accounting firms.
Payroll
Now you can trust that your payroll is in good hands. There’s nothing better than personal attention from a trusted payroll expert who knows your business. We will take care of everything for you… renewals, employee changes, benefits issues and general questions regarding your policies.
With our payroll service, you will remain compliant and you’ll never miss a tax deadline or pay the wrong amount. All federal and state filings will be completed for you on-time with accuracy. Your payroll data will be maintained on our secure platform so you have 24/7 access to employee records, past pay stubs, tax filings and tax payments.
Business Consulting
We customize our business consulting packages to meet your company’s specific needs. With the many different consultation products we offer, your plan will be created to fit your situation and budget. The articles listed below detail our services and explain how we design a plan to help your business.
- Building And Analyzing Financial Reports
- Professional Budget Analysis For Businesses
- Overhead Expense Analysis and Reporting
- Markup And Pricing Analysis And Calculations
- Calculated Company Growth Planning
- Asset Allocation And Purchase Advice
- Expanding Your Business Locations
- Add Value To Your Business Prior To Selling
- Build Profits And Manage Cash Flow
CFO Services
CFO Services are another level of advisory services we offer. Beyond basic accounting, we’ll guide you on financial planning, cash flow management, performance analysis and risk assessment to help you make key business decisions that lead to your business’s long-term financial stability. These services include:
- Financial Reports
- Job Costing
- Budgeting
- Overhead Analysis
- WIP Tracking & Reporting
- Daily & Weekly Customized Reporting
- Sales Tax Paid at Source Calculation
- DOR Audits/Payment Plans