Small Business Services
PROFESSIONAL CARE
We understand the unique challenges small businesses face, which is why we offer personalized financial solutions tailored to your needs. From bookkeeping and tax planning to cash flow management and business growth strategies, our expert team is here to help you navigate every stage of your business journey.
Selecting the right legal structure is foundational. Let’s talk about identifying the right new business formation fit for your vision by creating Sole Proprietorships, Corporations, S Corps, LLCs, Partnerships, Estates, Trusts, and Fiduciaries. The Peli Firm’s offerings support legitimizing for-profits and nonprofits. The services include the following: acquiring a Federal EIN number, filing Articles of Incorporation or a state identification number, checking the entity’s name for registration, personalized operating agreement, company seal and membership certificates. New businesses are required to perform the following functions:
• Federal income tax withholdings for employees
• Legal compliance with regards to employees
• Proper documentation of vendor’s activity
• State withholding, Unemployment and Sales Tax filing
Organizations whose purpose is mission-based and wish to receive federal income tax exemption are required to apply for Section 501(c)(3). Public charities or private operating foundations are considered 501(c)(3). We offer assistance with registration, advisory on programming and development, as well as grant writing services.
We offer assistance with setting up financial records, invoicing customers, paying bills, managing payroll, monthly reconciliation of bank account(s), balance sheet(s), and general ledger review.
• Monthly reconciliation provides the opportunity to review all transactions. Consequently, reducing the potential for unauthorized transactions/access and help to manage your cash flow.
• Income statement review tracks expenses, budgeted allocations, sales and product changes, and tax liabilities.
• Balance Sheet review evaluates cash flow and analyzes receivables and payables. Also, it helps to identify any possible unmet business opportunities.
• General Ledger review checks the company’s financial activities and reduces posting errors.
We offer assistance with QuickBooks, a global leader in accounting software with a proven track record. It provides businesses with the bookkeeping skills made simple by organizing all your business finances in one place. As a result, businesses can generate reports for reviewing their activity. Clients can take advantage of our full-service or limited-service program.
• The full-service program allows the client the flexibility to focus on growing their business.
• The limited-service program provides clients with affordable software at their fingertips. Furthermore, it offers a more “hands-on” approach in the accounting function of the business.
