MSK CPA, INC. offers a wide range of services for our individual and business clients. Listed below is a brief description of the services provided. As the list below is not all inclusive, please contact us to inquire about a service that is not listed or more details about one that is.
TAX PLANNING AND PREPARATION SERVICES– We start this process by asking questions in order to understand your current and future tax situations. We become a trusted business partner in this process as we will begin to fully understand your personal and business situation and can take the proper steps to plan accordingly. There are many variables that come into play when devising tax strategies; we have to be close to the client so that we can point out all opportunities to the client to minimize the tax burden.
Clients turn to us for innovative business and personal tax advice that will allow them to better plan for the future, manage costs, and achieve greater profitability. We not only look at the short term but the long term as well so that the client has all the facts in mapping out tax strategies.
Our Tax Service includes –
-Income Tax Planning
-Individual and Business Tax Returns
-Tax Return Analysis and Preparation Strategies
-Payroll Taxes
-Estate and Gift Tax Planning
-Efiling
ACCOUNTING & FINANCIAL SERVICES – MSK CPA, INC. offers many accounting and financial services tailored to meet the needs of the small business client. Our services are designed to make your job easier and provide you with more time and information to focus on building your business. All the services listed below are customizable to meet the specific needs of your business.
Bookkeeping Services – If you are a small business, our bookkeeping services are designed to give you accurate, up to date information so that you can make good decisions. The services provided could be run on a monthly or quarterly basis and in some cases may assist your present staff. The services include the following:
-Generating Financial Statements
-Reconciling the Bank Statements
-Staying current with expenses and receivables
Forecast and Budgets – MSK CPA, INC. offers expertise in the area of forecasting and budgets. We combine our expertise in forecast models coupled with knowledge about your company and industries to devise projections that can be used in a multitude are areas. Forecasting is essential in dealing with lending institutions, large customers and growth. We stay current with industry and market trends so that your business can be prepared for what’s to come and can plan accordingly. Depending on your requirements, we can develop daily, week or monthly models that fit your needs.
Cost Accounting and Product Costing – MSK CPA, INC. understands the need for relevant information and sees what is often lacking with current systems or lack of systems in place. One of the most vital, but often overlooked, pieces of information that a company wants to know is how much did we make on our goods or services. Most systems can generate a profit and loss statement but few can or our not set up properly to allocate cost and get a true profitability analysis by part or service. We work with current systems and put procedures in place to capture this data or develop new procedures to capture data to achieve these goals. Once a baseline is established, management can begin to analyze and make proper decisions regarding product costing and efficiency analysis. We can develop tools with the following areas to help your business run more efficiently:
-Product Costing
-Cost Accounting Systems
-Financial Accounting Systems
Business Plan Development – Failing to plan can mean planning to fail. Most small business talks about having a business plan but few do. Time constraints and lack of resources are the two most prevalent reasons why companies do not have formal business plans. A well written business plan demonstrates that much thought has been given to the business’s development and how the business is going to continue profitable over the years. MSK CPA, INC. will assist or facilitate establishing a business plan or fine tuning your existing plan. A good plan will…
-Identify target markets and customers
-providing a cost benefit analysis on new or existing product lines
-develop sales and marketing plans along with industry analysis
-review current organizational structure and list areas where additional are required
-continuously review company objectives ACCOUNTING SOFTWARE - Many companies have software packages that they use to run the business but often they are underutilized or not set up properly. MSK CPA, INC. understands these issues and can assist your organization in selection of an ERP system or can get the most out of your current system. We are familiar with many small business software packages including QuickBooks, Peachtree, Macola, Great Plains and Real World among others. We can help you in evaluating which accounting software package best fits your companies needs. We then will plan out the implementation working with your staff to make sure all required procedures are reviewed. And finally, we will be there to support you after the system is up and running providing training, troubleshooting and support. Accounting software packages, like Quickbooks and Peachtree, are ideally suited for small businesses. These programs are fairly easy to use; however, no software package can be run properly without a good understanding of how it operates. MSK CPA, INC. fills this need as we will work with you and your staff to train them how the system works and provided on going support.
MSK CPA, INC.
1309 Ridge Rd. #5
P.O. Box 104 - (mail)
Hinckley, Ohio 44233
(440 ) 463-2413
FAX (440) 238-4799
mskcpainc@aol.com
