Services
Capital City Tax and Accounting Services provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our Professional Services Include:
Paying taxes is never fun, but paying more than you’re legally obligated to pay can be painful and embarrassing.
We have helped hundreds of tax payers to pay fewer taxes using personalized tax strategies that start with year round approach to tax planning.
We excel at preparation of the following returns:
Individual returns and all state returns
S-Corporation
C-Corporation
Partnerships: General, Limited,LLC, and LLP
Sales Tax Returns
Business Property Tax Statement (Form 571-L)
All returns are filed electonically and email confirmations are sent automatically.
All returns are posted to secure Web Portal for your review and you have access to all your financial and tax information that we provide you 24/7 in your own secure web portal.
When you need more than just bookkeeping, you need a accountant. As a CPA firm we take pride in our level of service and provide an educational approach to accounting and related services. We want the business owner learn how accounting related services make you a better informed business owner. The fact is that bookkeeping and accounting work harmoniously together to provide a business owner key information that they can he\she can rely on to make key financial and tax decisions.
We are a full service accounting firm for small business. We offer a wide array of services to fit the needs of our clients and our services include but are not limited to the following:
- Implementation of new accounting software packages
- Account reconciliations
- Accounts Receivable Analysis
- Fixed asset management and tracking
- Budgets: Implementation and Monitoring
- Debt analysis and restructuring
- Cash Flow forecast models for new and existing business
- Cash flow monitoring, Analysis, and Explanation
- Financial analysis: Ratio’s and Industry Comparative analysis
- Expense analysis to industry standards
- Setup, analyze, and implement internal controls and procedures
- Embezzlement\Theft Prevention and Deterrents review, setup, and training
- Production(Billing)\Collection\Deposit Analysis for Service Professionals
- Catch up Bookkeeping when you have fallen behind
Our goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, we can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
We offer setup of your Basic QuickBooks setup files for free, Sole Proprietorship, Partnership, C-Corporation and S-Corporation.
When a hundred different people complete same task with little or no experience completing such a task, how many come up with the same answer? It’s simple, ZERO!
Why do we do this? Well our answer is simple: Consistency and you’re our clients.
- CapCityTax offers custom bookkeeping solutions to fit the needs of your business. We view your business as dynamic and we’ve made our bookkeeping solutions flexible and able to adapt your needs with interchangeable services.We can do as little or as much you would like us to do. We can train you and your staff to make bill paying, filing and storage painless. Then accurate and timely information will be produced each monthly cycle.We have three typical models that seem to cover all of clients, but all the pieces are able to adapt to client specific needs:Assisted Bookkeeping: Client maintains all data on their server, pays their own bills, and has a payroll service. The client manages their own backups. We log in and assist when and where assistance is needed. Monthly or quarterly is very common in this model.
Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, CapCityTax can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
As technologies rapidly advance, companies increasingly need to update their computer systems. CapCityTax can audit your system competencies and gauge upgrade needs as well as provide support in choosing and implementing new hardware or network systems. As experts in this field, we can put your computer problems at bay as well as improve your computer system’s performance taking into consideration any budget you may have.
CapCityTax offers a comprehensive payroll service designed for small and medium sized businesses that want to simplify payroll processing and value personal service. Combining the perfect blend of the latest technology with friendly, knowledgeable payroll processors, we provide you with an ultra-easy solution.
With CapCityTax personalized service, you will experience: • Comprehensive payroll processing and personalized service from a dedicated payroll specialist.
- Convenient, 24/7 access to our online services.
- Accurate, on-time tax filings—guaranteed.
- Simple, straightforward pricing.
- Easy access to a full array of additional services.
- Calculation and Processing of Taxable Fringe Benefits (Auto, Officer Health Insurance, HSA, Life, Etc…)
Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. CapCityTax can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business’ ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business’ success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
No one can predict the future perfectly, but we can all benefit from planning for it. CapCityTax combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company’s success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.
Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, CapCityTax can provide professional know-how to help you successfully structure and negotiate the deal. CapCityTax employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
Whether your needs are corporate or personal, CapCityTax’s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.
Choosing and administering benefit plans for your employees is often a complex process. CapCityTax can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company’s financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.
As a firm we embrace technology, and we see web portals as the clear future of the accounting profession.
Web portals offer many advantages over the old ways of doing business with a CPA firms. We feel very strongly that our use of our client web portals give us a competive advantage over firms using paper and postal service. Client have 24/7 access to many things they would previously have to pay for such training, mailing data files and documents, copies of tax returns and much more in links.
CapCityTax provides free education and resources to our clients in our Web Portals links (Aka: Client Training Center) section that keep a mountain of resources available to you at the click of a mouse. Clients are also able to request videos and training in our suggestion box on our web site.
Secure file transfer is included with every portal and we are notified within minutes of your upload. Emailing is so simple but it only takes one quick click to make an error and send to unintended recipient. Our secure file transfer connects you to us with a two way file transport system that is private. See File Transfer in Action video
When you’re working with CapCityTax your working with a firm that utilizes a proactive approach to tax planning. A tax plan is not a once a year quick look at your data and say “everything is going to OK”. To minimize your tax burden it requires timely accurate tax basis financial reports to detail out a picture of your current tax burden. We can you help you every step of the process.
We don’t like delivering bad news surprises and we know our clients don’t like large balance due surprises. In years of rising income we do a minimum of 2-3 tax plans per year and as many as 6 per year in extreme cases.
Our tax planning services include:
- Tax planning and analysis for multiple years and multiple courses of action
- Profit projections
- Tax alternatives and strategies to reduce your taxes
- Analysis of Credits available for your business or personal returns
- Pension plan analysis
- Payroll tax fringe benefits assistance and calculation
- Asset acquisition planning
- Strategic planning assistance (business acquisition and sales, mergers, and buy-ins)
- Alternative minimum tax planning
- Application of current credits and laws to minimize taxes