Accounting Services | Tax Services | Other Services
Bookkeeping
We offer full bookkeeping services including general ledger; billing and accounts receivables; bill payment and accounts payable; cash receipts and bank reconciliations; fixed assets and depreciation; inventory; payroll and benefits.
Month-end Financial Reporting
In addition to our full bookkeeping services we can provide month-end financial analysis and reporting; for example which products are more profitable to your business and which products are not selling; as well as an analysis of your major revenue sources and customer base. These types of Product Margin, Cost and Revenue Analyses Reporting will assist you in making vital business decisions.
Financial analysis is a critical component of operating a business to gain an understanding of how your business is doing and what you need to do to make it more profitable.
You can choose to elect our full accounting services package or customize to suit your business needs.
Financial Statement Preparation
Profit and Loss Statement - This report is also known as an income statement. It summarizes your income and expenses for the month, quarter and year, so you can determine whether you are operating at a profit or a loss.
Balance Sheet - This report provides a financial snapshot of your company as of a specific date. The report calculates how much your business is worth (your business' equity).
Statement of Cash Flows - This report shows how your cash position changed over a period of time. It shows the amount of cash earned from profit, your source of cash, and where your cash was spent.
Financial Statement Review – A thorough review of all your business components including summary of results and prior years' comparisons.
At Montalvo & Montreuil we take pride in our quality of work. We take a thorough approach when completing your tax returns to ensure that you get the maximum refund allowable. We keep up-to-date with IRS tax laws and regulations and ensure that all of our work is in full compliance.
As a complimentary service, we will review your prior year's return for accuracy and possible missed deductions and credits which can result in a greater refund or a reduction of payment to the IRS.
All of our tax returns are prepared using up-to-date professional tax software. You can elect to electronically file your tax returns or choose to use paper returns.
The following are some examples of various tax returns:
Ask us about our tax referral discount program. Contact us at 800-228-2087 for more details.
Budget Planning & Analysis
For every business, whether big or small, its success depends on whether there is a budget plan and how realistic it is. As part of our services, we offer a budget plan review that's based on history as well as business strategy. By working together, we can create a realistic budget that would help you reach your business goals and maintain profitability.
Forecasting
Business conditions can change especially in today's economy, are you prepared to deal with the financial implications? We offer monthly, quarterly or seasonal projections as a tool that will help you adjust to these economic changes and soften any negative impact to the business.
New Business Set-up
Most businesses start out small. As a new business owner you need to know your federal and state tax responsibilities and filing requirements. We can provide and assist you in preparing the basic federal tax forms that are required for starting a business and also assist in making basic business decisions.
As business owners we know that setting up a new business can become overwhelming, Montalvo & Montreuil can help you through the process by providing a step-by-step approach. As part of setting up a new business you need to consider what type of recordkeeping system you will need as well as the accounting method that is best suited for your business. Our approach will ensure that all forms and filings are properly submitted and your recordkeeping system is accurately completed thus alleviating some of the burden.
Accounting Software Set-up and Training
Whether you are an existing business or just starting a new business we can review and ensure your accounting system is accurately set up so that financial data is properly recorded. In addition to reviewing and setting up your accounting software, we provide training to ensure accounting principles are followed according to industry standards.
Review of Internal Controls
Internal Controls is one of the most overlooked areas in small businesses however it is an important aspect of running any business operation. The purpose of internal controls is to implement checks and balances to ensure a company runs smoothly and safeguard against improprieties. Particularly with small businesses where often there is one employee who is responsible for multiple functions (i.e. record cash sales and make deposits) internal controls can be one of the best ways to safeguard against mistakes and save the company a lot headaches, cost and time in the long run.
Individual Budget & Planning
Are you planning on buying a new home? Are you looking to get control of your monthly expenses but don't know where to start?
We, at Montalvo & Montreuil, can review your monthly income and expenses to determine your discretionary expenses versus necessary expenses. Together we can create a budget plan that will help you stay on track and attain your financial goals.
For your convenience remote and/or onsite services are available.
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