Services

BANK LEVIES
Bank levies can be reversed. We can get the money back that has been taken out of your account. You must act fast to take advantage of this. You only have a certain amount of days to do this. After getting the money back we can help you resolve your tax issue. You may be eligible for an offer in compromise where you can settle the tax debt for pennies on the dollar. Or we can work out a comfortable payment plan that suits you and the tax agency.

BOOKKEEPING
Providers of outsourced bookkeeping and controllership services to small and mid-size businesses, and corporations. We offer monthly, and quarterly bookkeeping, and payroll services to our clients. You will always know what financial condition your company is in with monthly reports that include a balance sheet, profit and loss statement, general ledger, and payroll reports. For a low monthly fee we will maintain and input all of your records, compile information and enter it into a database, and give you the results monthly. This will help you manage your company's finances and be able to plan ahead.

BUSINESS PLANS
We prepare comprehensive business plans to help you get credit for your business. Our business plans include a complete statement of your business, current and projected financial statements, and supporting documentation.

BUSINESS TAX PLANNING
A regular C corporation that retains earnings and profits of more than $ 250,000 ($ 150,000 for a personal service corporation) instead of paying dividends to shareholders may have to pay a 38.6% penalty tax in 2002. Such a company can try to avoid the penalty by explaining in its corporate minutes the reasonable business requirements for the retained earnings.
A family owned company might be able to retain excess earnings - and avoid the accumulated earnings tax - if the earnings are being held for possible redemptions of dissenting minority shareholder's restricted stock.

BYLAWS
The bylaws of a corporation, or the operating agreement of a partnership or limited liability company state the rules or laws that a company must abide by. It gives a detailed description of duties for the stockholders, directors, and officers of the company. The bylaws dictate when and where meetings will be held, voting rights, record keeping, and any amendments the stockholders wish to add to the bylaws. The bylaws shall be open to inspection by the shareholders at all reasonable times during office hours.


CORPORATE CREDIT
We can guide you through the process of obtaining corporate credit for your business. We will share with you the basic elements of why thousands of businesses each year work with us to build their business credit and separate their personal credit from the business. You will also learn the first steps to separating you from the business credit, how to build a positive business image and where to start the process of building credit without the use of a personal credit check or guarantee.

CORPORATE RECORD KEEPING
All corporations, limited liability companies, non-profit organizations, and partnerships are required by law to keep minutes for the business. You are required to hold annual stockholder or member meetings, and annual directors meetings. All minutes should be kept in your company Minute Book. Minutes are a record of meetings held by the stockholders and directors of the company. Minutes may be requested by tax authorities during an audit to confirm tax deductions taken on the company tax return. We provide a full service for keeping company records. We will examine your minute book and let you know what you are missing.

CORPORATE SEAL
The corporate seal contains the name, state, and date of incorporation. It is used to seal minutes and other official documents signed by the Secretary of the company.

CORPORATIONS
A corporation is a legal entity that can exist separately from its owners. Creation of a corporation occurs when properly completed articles of incorporation (called a charter or certificate of incorporation in some states) are filed with the proper state authority, and all fees are paid.
One of the primary advantages of incorporation is the limited liability the corporate entity affords its shareholders. Typically, shareholders and directors are not liable for the debts and obligations of the corporation; thus, creditors will not come knocking at the door of a shareholder or director to pay debts of the corporation. In a partnership or sole proprietorship the owner's personal assets may be used to pay debts of the business. Maintaining the limited liability of a corporation requires that the shareholders and directors follow all the rules of governance, including holding annual meetings and maintaining meeting minutes, which is why we offer corporate forms disks and corporate kits as part of our complete incorporation package.
Other advantages:
· A corporation's life is not dependent upon its members. A corporation possesses the feature of unlimited life. If an owner dies or wishes to sell his or her interest, the corporation will continue to exist and do business.
· Retirement funds and qualified retirement plans (like 401k) may be set up more easily with a corporation.
· Ownership of a corporation is easily transferable.
· Capital can be raised more easily through the sale of stock.
· A corporation possesses centralized management.
What are the disadvantages of incorporation?
The primary disadvantage to a corporation is double taxation. Profits of a corporation are taxed twice when the profits are distributed to shareholders as dividends. They are taxed first as income to the corporation, then as income to the shareholder. All reasonable business expenses such as salaries are deductions against corporate income and can minimize the double tax. Further, the double tax can be eliminated by making an S corporation election.

Other disadvantages:
· There is more complexity and expense with forming a corporation.
· There is more extensive record keeping requirements.
· Operating a corporation across state lines often requires the corporation to qualify to do business in the other state.
What is the organizational structure of a corporation?
The organizational structure of a corporation relies on three basic groups: shareholders, directors, and officers.
Shareholders own a corporation; however, they do not directly manage the corporation. Instead, they influence corporate decisions through indirect methods such as electing and removing directors, approving or disapproving amendments to the articles of incorporation and voting on major corporate issues.
The directors, who comprise the "board of directors," are responsible for managing the affairs of the corporation. Usually, directors make only the major business decisions and supervise and appoint the officers who make the day-to-day business decisions of the corporation.
Officers are responsible for the everyday management of the corporation. Typically, officers are appointed directly by the board of directors.
It is important to note that a shareholder may serve on the board of directors and as an officer. In fact, in most states one person is enough to form a corporation.

CORPORATION COMPLETE SETUP
Business start up advice. We will sit down with you and discuss your idea for a business, and advise you on what type of business will give you the best tax benefits, and what state you should incorporate in. We offer a complete package to start your business. The package includes articles of incorporation, federal identification number, minute book with a complete set of start up minutes, bylaws, stock certificates, corporate seal, employment identification number, state business license if required, statement of officers, and a year of free consultation for your business.

COST ACCOUNTING
From financial management we offer solutions to help you manage complex project requirements, long lead times, and strict cost controls. We offer functionality to help you improve efficiency and gain access to accurate, real-time data, build to specific and unique customer requirements, deliver on time, manage your business processes and communicate effectively between departments.

CREDIT REPAIR
Do you owe money to credit card companies? We can settle the amount you owe. Start reducing your debt today. Find out how debt settlement may help you avoid bankruptcy and become debt free, reduce interest rates and fees, make one lower monthly payment. We can help you avoid future credit problems with financial planning, and we offer a corporate credit program for businesses.

DISSOLVING A BUSINESS
If you no longer desire to operate your business, you are required by state law to file a dissolution. You must obtain a tax clearance certificate and pay all taxes due to receive the tax clearance certificate. Once you receive you the certificate the Secretary of State
will issue a certificate of dissolution. Depending upon the type of business you have and you do not dissolve your business properly taxes keep accruing, and the business will have to pay them. If your business is a DBA then you must contact your local city hall and inquire about their specific requirements for closing the business.

E-FILE
We are currently in the process of setting up our e-file program. We should be able to file tax electronically by February 15, 2004.

FINANCIAL STATEMENTS
Realize the performance of your business. The proper financial statement can help you manage your business more effectively, gain you credit for business, and save money on your taxes. We will analyze your financial statement and give you advice on how to maintain your business more effectively.

LIMITED LIABILITY COMPANY
The Limited Liability Company or LLC is not a partnership or a corporation. An LLC is a distinct type of business that offers an alternative to partnerships and corporations, by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation. The IRS does allow one member LLC's to qualify for pass-through tax treatment; however, taxation of one person LLC's at the state level may be different.
How is an LLC taxed?
A state-registered LLC can be taxed for federal income tax purposes as a partnership. Under the check-the-box rules, an LLC can elect partnership status to avoid taxation at the entity level as an "association taxed as a corporation." If an LLC is not taxed as a partnership, it will be taxed at the entity level similar to a standard or C corporation.
The state income tax treatment of LLC profits and losses may or may not mirror the IRS tax treatment depending on the state. For specific information on your state rules visit your state's web site. The web address can be found on our detailed state information page.
Please note that California LLC's are subject to an annual minimum franchise tax of $800 per year. The first payment must be made within 3 months of forming your LLC. The state of California does send a bill to help you to remember to make this payment.
What is the organizational structure of an LLC?
An LLC is owned by its members. They are analogous to partners in a partnership or shareholders in a corporation, depending on how the LLC is managed. A member will more closely resemble shareholders if the LLC utilizes a manager or managers, because then the members will not participate in management. If the LLC does not utilize managers, then the members will closely resemble partners because they will have a direct say in the decision making of the company.
A member's ownership of an LLC is represented by their "interests," just as partners have "interest" in a partnership and shareholders have stock in a corporation.
How is an LLC managed?
An LLC may be managed by its members (owners) or by selected managers.
If the LLC is to be managed by its members, it operates much like a partnership. Each member has an equal say in the decision making process of the company.
If the members choose, they may elect a manager or managers to act in a capacity similar to a corporation's board of directors. These managers are in charge of the affairs of the corporation.
Member management is the normal default rule of state law. This means that if managers are not selected in the articles of organization, the members will direct the affairs of the LLC.
What are the advantages of an LLC?
LLC's offer numerous advantages.
· Pass-Through Taxation
LLC's allow for pass-through taxation. This means that earnings of an LLC are taxed only once. The earnings of an LLC are treated like the earnings from a partnership, sole proprietorships and most S corporations.
· Limited Liability
The LLC owner's liability is generally limited to the amount of money, which the person has invested in the LLC. Thus, LLC members are offered the same limited liability protection as a corporation's shareholders.
· Flexible Management Structure and Flexible Ownership is Permitted
Like general partnerships, LLC's are generally free to establish any organizational structure agreed on by the members. Thus, profit interests may be separated from voting interests.
What are the disadvantages of an LLC?
The disadvantages of an LLC include:
· More Paperwork Than an Ordinary Partnership
Documents must be filed at the state level to create an LLC, which is not the case with a general partnership.
· Dissolution Date
Some states require that a dissolution date be listed in the articles of organization. This date may be amended. Further, certain events, such as death of a member, a member leavig, bankruptcy, etc. can be a dissolution event. A corporation has unlimited life and these events are not dissolution events for a corporation.
· Newer Entity Type
The LLC is a newer entity, and people are not as familiar with the LLC as a corporation. 


MINUTE BOOK
Your company minute book contains all the important documents for the company. It should contain a certified copy of the articles of incorporation, a set of bylaws, annual list, or statement of officers, notice of federal identification, notice of employment account number, stock certificate copies and log, membership roll, and any other important documents. Our minute books come with a 3 ring binder with your company name printed in gold, a hard protective cover to keep the binder in good condition, a company seal, and twenty stock certificates. For one low price we can supply you with a minute book, and a complete set of minutes.

OFFER IN COMPROMISE
Settle your tax debt up to a 90% savings. We specialize in removing levies, liens and wage garnishments. An offer in compromise can settle your tax debt with the IRS, Franchise Tax Board, and the Employment Development Department. We work closely with a tax attorney to get you results.

PAYROLL TAX PROBLEMS
Free problem analysis. We specialize in federal and state tax problems. We have extensive information regarding federal and state payroll taxes and authorities. We will represent you, and resolve your tax debt with any tax agency. We negotiate installment agreements, offers in compromise and payment plans. 

PAYROLL SERVICES
We offer full payroll services to our clients that include calculating earnings, deductions, and payroll taxes, writing payroll checks, direct deposit service for employees, monthly and quarterly payroll tax deposits, quarterly and annual payroll tax returns, W2's, and 1099's.

PERSONAL TAX PLANNING
The objective of personal tax planning is to minimize or defer income taxes payable. This requires a thorough understanding of state and federal tax laws through bulletins, circulars and rulings put forth by state and federal agencies. Preserving your assets requires detailed strategic planning. In order to maximize your net worth and minimize your tax burden, you need to be able to rely on consistent and effective guidance that will offer the best solutions to connect you with your financial goals. Additionally, you need the ability to quickly organize your assets, view your balance sheet and review your cash statements to ensure your current plan will achieve those goals. Your financial objectives will dictate the structure of the personal financial plan we help you develop. It is important to incorporate various sources of wealth from business investments to generational inheritance. And because we stay abreast of developments in tax law, the recommendations we provide will always be well researched and appropriate.

PROPERTY TAXES
We analyze and prepare annual property tax returns for business and individuals. We can represent you during an audit. We use income and expense reports, appraisals, and other pertinent data to prepare petitions for property appeals. Our administrative staff collects and collates material related to each property. 

QUALIFY TO DO BUSINESS IN ANOTHER STATE
If you incorporate in one state, and you wish to do business in another state as well, you must qualify to do business in that state. Each state has its own requirements for qualifying. Typically you must obtain a certificate of good standing from the state you incorporate in.

RESIDENT AGENT SERVICE
We provide resident agent service for the acceptance of Legal Process in all 50 states.
Certain states laws require business entities to maintain a resident agent in the state that you form your business. The resident agent's name and registered office address are included in the articles of incorporation or articles of organization to give public notice of where to send important documents to your business entity. The resident agent is responsible for receiving important legal and tax documents including: service of process, and annual report forms. Appointing us as your resident agent allows your company the assurance that these critical documents are handled correctly and efficiently.

S CORPORATION ELECTION
Standard business corporations or C corporations are required to pay income tax on taxable income generated by the corporation. Making a subchapter S election by completing and filing federal Form 2553 with the IRS is a way to avoid having your corporation treated as a separately taxable entity.
An S corporation is a standard business corporation that has elected a special tax status with the IRS. This tax treatment allows the corporation not to be a separately taxable entity. Instead, the income of the corporation is treated like the income of a partnership or sole proprietorship; the income is "passed-through" to the shareholders. Thus, shareholder's individual tax returns report the income or loss generated by an S corporation.
To be classified as an S corporation, a corporation must make a timely filing of Form 2553 to the IRS. This election must be made by March 15 if the corporation is a calendar year taxpayer, in order for the election to take effect for the current tax year. A corporation may later decide to elect S corporation status, but this decision would not take effect until the following year.
In order to qualify for S corporation status, the S corporation can have no more than 75 shareholders and must make the election to be an S corporation. The shareholders cannot be non-resident aliens. Also, an S corporation cannot issue preferred shares of stock with special liquidation, dividend, or conversion rights.

STOCK CERTIFICATES
The sale of stocks or bonds can generate additional capital and the longevity of the corporation can continue past the death of the owners. There are several types of stock that can be issued, common, preferred, and undesignated.

TAX AUDITS
We have a lot of tips and strategies for tax audits, whether you're trying to avoid a tax audit, or preparing for one. The Internal Revenue Service can audit your income tax record for any reason within three years after the return is filed. As a result, you need to keep virtually all of the records used to complete your return for that amount of time. You should keep most tax-related documents, though, for at least seven years, because, if the IRS suspects that you underreported income by 25% or more, it has up to six years to launch an audit. There's no statute of limitations if you file a false return or don't file at all. If that's the case, the IRS can literally haunt you into the grave and take any money you owe out of the estate you leave behind.

TAX LIENS
Tax liens stay on your record for seven years. We can help you get tax liens released. We will provide you with expert legal representation regarding tax liens, garnishments, and bank levies. Most clients are qualified to submit an offer in compromise where you can settle your tax debt for pennies on the dollar.

TAX PLANNING
We prepare you for next year's taxes in advance for individuals, and businesses. We will cover every itemized deduction available to you, including charitable donations, medical expenses, un-reimbursed employee expenses, auto expenses, supplies, and much, more. We will show you how to manage your taxes to get the best results for your individual needs.

TAX RETURN PREPARATION
We prepare federal and state tax returns for Individuals, Businesses, Corporations, Partnerships, Limited Liability Companies, Sole Proprietors, and Non Profit Organizations. We can e-file your tax returns so your refund will be on its way within days of filing.

TAX LAWS
We have extensive knowledge in tax laws regarding the Internal Revenue Service, Employment Development Department, Franchise Tax Board, and Board of Equalization. We can help resolve any tax issues concerning any of the above agencies.
 

WAGE GARNISHMENTS
We can remove wage garnishments, and provide you with expert legal representation to the tax agencies. We can either resolve your garnishment with affordable low payments, or submit an offer in compromise and settle the tax debt for pennies on the dollar.