Business Services
Mason Tax & Business Solutions can assist your business in financial reporting, reconciliation, payroll, tax return preparation, and business consultation. Our team integrates into yours to help align goals and keep your company profitable.
Accounting & Bookkeeping
Monthly accounts will be reconciled with actual statements to ensure accuracy of all financial reports and tax filings. We will thoroughly review statements to identify inconsistencies, fraud, or unforeseen jumps in revenue.
If you maintain W-2 employees, we can generate your paychecks based on your pay schedule. We can obtain timesheet information, generate pay stubs, cut checks or direct deposits, and provide you with a payroll summary each period. We can also track vacation, sick time, and process multiple compensation types for each type of employee you maintain.
Financial Reporting
On a regular basis, we will provide the management team with professional financial statements detailing the outcome of operations and the current state of each entity. This will include a balance sheet, income statement, and statement of retained earnings.
Businesses often have to report their operational outcome via 3rd party prepared financial statements. Shareholders, banks, auditors, or potential buyers seek accurate financial statements that can be substantiated under scrutiny. Our financial statement compilations are supported by thoroughly reviewed bank, loan, and equity documentation and reconciled against actual operational and financial data provided by our clients.
Strategic Business Consulting
While it is critical to have timely and accurate financial information, having an outside review of accounts, trending, and unpredictable performance can be extremely helpful in identifying potential opportunities, threats, or possible omissions. We will meet with you each period to review the financial statements in detail. Our team will always offer recommendations and ideas for enhancing performance or reducing tax liability as well as providing ad hoc support to potential financial questions.
We understand that starting up a new business can be daunting. With the multiple State and Federal requirements and regulations currently in place, it leads to a lot of overwhelmed entrepreneurs. We have assisted dozens of companies in starting their businesses and ensured all of their filings are submitted professionally and according to current government standards. We can file for your articles of formation/ corporation, employer identification number, sales & use tax permitting and provide you with recommendations for your partnership or LLC member agreements and your corporate by-laws.
Tax Return Preparation & Reporting
Each business requires different tax filings on a monthly, quarterly, and annual basis. Based on the financial reporting activity, we will prepare the necessary federal filings for the entity in a professional and timely fashion. Our preparation services cover all levels of corporate, partnership, estate, and payroll tax and information returns required by the Federal government with the added planning to avoid any fines or penalties.