B &S Income Tax & Credit Repair Services
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Services
Business Start Up Services
Ready to start your own business?
B&S Income Tax & Credit Repair Services is here to help you succeed in your new venture. We can assist you in
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Creating a business plan
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Choosing your Business Structure
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Obtain Business Licenses and Permits
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Incorporate your Business-LLC, C Corp, or S Corp
Non Profit Tax Services
We can help you setup and maintain your non-profit organization's taxexempt status by handling all the IRS reporting for you.
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We can help you with:
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Submit Form 990 and its relations which includes
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Income Statement
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Balance Sheet
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Functional Expense Statement
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Individual Program Expense Statement
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Revenue Support Schedules
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Business Tax Services
Whether you need assistance with a complex tax return or a partnership return, B&S Income Tax & Credit Repair Services can help.
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We can help you with
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Business formation and entity selection
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Business Tax Return Preparation
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Tax planning
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Individual Tax Services
With the complexities of our ever-changing tax codes, having a professional accountant, who can serve as your tax advisor & financial advocate is essential.
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We can help you with
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Federal and State tax preparation
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Get a Tax Id Number (TIN) for your foreign dependent
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Tax planning
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International tax issues - FBAR reporting requirements
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Charitable gift planning
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Multi-state income tax filing
Income Statement
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
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An income statement allows you to...
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Track revenues and expenses so that you can determine the operating performance of your business.
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Determine what areas of your business are overbudget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
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Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
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Determine your income tax liability.
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Tax Planning & Consultations
Balance Sheet
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
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A balance sheet helps you...
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Quickly get a handle on the financial strength and capabilities of your business.
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Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
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Determine if your business is in a position to expand.
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Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses.
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Determine if you need to take immediate steps to bolster cash reserves.
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Determine if your business has been slowing down payables to forestall an inevitable cash shortage?
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Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
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Reconcile your bank account
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
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Having us reconcile your account each month allows you to...
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Identify lost checks, lost deposits and unauthorized wire transactions.
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Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your
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Detect and prevent embezzlement of funds from within your company.
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Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
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Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
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Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
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Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.
Small Business Accounting
.Web Site Design
• Advertisements
• Annual Reports
• Business Cards
• Brochures
• Menus
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• Newsletters
• Resumes
• Invitations
• Business/Marketing Plans
• Flyers
• and more
Graphic Services
At B&S Income Tax & Credit Repair Services, our team will work closely with you to develop images and graphics that truly reflect your brand. We offer an array of services that include: