Sanderson Accounting, Inc. provides a wide range of services to individuals and businesses in a variety of industries. At Sanderson Accounting, Inc., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
- Tax Management Services
- Assurance and Advisory Services
- Estate and Trust Planning and Tax Preparation
- Cost Accounting
- Payroll Services
- Financial Projections and Forecasts
Tax Management Services
At Sanderson Accounting, Inc., we provide a full range of tax planning and preparation for individuals and businesses. We help our clients minimize their tax liabilities and stay on track toward their financial goals. One significant aspect for many individual taxpayers is navigating the rules regarding Roth IRAs. Tax projections are an important tool in tax management. We help clients assess their tax situation while there is still time to modify it. Our knowledge, experience, and regular professional updates allow us to optimize the opportunities to be found in existing as well as recently altered tax laws. Our service doesn't stop when the returns are filed. Taxpayers may receive notices from tax authorities for many reasons. We help the client determine what the issue is and get it resolved.
From start-ups to established enterprises, businesses need accurate financial information in order to maintain profitability and capitalize on new opportunities. Sanderson Accounting, Inc.'s accounting services steer you closer to these goals with accurate record-keeping and reporting. We can help clients with initial accounting system setup, cost-containment, tax planning, business investments, and advice on employee benefit and profit-sharing plans.
These services include but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Corporate tax planning and return preparation
- Cost Accounting
Assurance and Advisory Services
At Sanderson Accounting, Inc., we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and helping clients develop business and tax strategies. We can issue compiled or reviewed financial statements. Clients may have us look for ways to control costs, increase efficiency, and/or implement new procedures, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.
These services include but are not limited to:
- Reviews and compilations
- Entity selection and restructuring
- Accounting software selection, implementation, and support
- Financial projections and forecasts
- Debt and finances advising
- Mergers and acquisitions
- Transaction structuring and negotiations
- Business succession
Compilations and Reviews
Sanderson Accounting, Inc.'s financial statement services include different levels of assurance depending on your company's needs.
Compilations are usually requested for internal purposes, but outside users may accept them also. Compiled financial statements are based on information provided by a company's management, maybe including statements from their Sage or Quickbooks software. They do not offer assurance but do involve reconciling bank and credit card accounts and adjustments like updating depreciation and payroll tax owed, and seeing that interest on loan payments is recorded correctly.
Reviews provide limited assurance to outside users (like banks and other lending institutions). They involve inquiries and analytical procedures that check relationships and trends in financial statement data. The financials are then revised and completed. We can perform reviews to ensure the integrity of your data.
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Sanderson Accounting, Inc.'s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate and to be sure that the individual’s wishes are followed. We can be part of the planning process. But note that CPAs are not authorized to set up estates or trusts. A client may either do that himself or have a lawyer do it. Planning for your taxes and estate will save your loved ones worry and possible errors during a time of loss.
Financial and Retirement Planning
Sanderson Accounting, Inc. does not sell securities. But we can offer advice about the probable tax ramifications of certain choices as you plan for your financial future. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Sanderson Accounting, Inc. can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
Cost accounting analyzes how costs are incurred in producing services or goods. Sanderson Accounting, Inc. can find out what it costs your company to make a certain product, or whether changing the process or one or more inputs would reduce the cost per unit. One set of cost factors that we'd consider is the tax consequences, like a possible first-year write-off of new equipment.
QuickBooks or Sage 50 Implementation and Assistance
QuickBooks or Sage 50 can provide useful and timely information in the form of financial statements, reports and graphs. However, it can provide this information only if you purchase the right product and then install it, set it up and use it properly. We help you get the most benefit from the software.
Sanderson Accounting, Inc. offers the following assistance to meet your QuickBooks or Sage 50 needs:
We train you personally! That can be one-on-one or with several individuals in your organization.
We install QuickBooks or Sage 50 on your stand-alone computer or in a network environment.
We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Our QuickBooks or Sage support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Sanderson Accounting, Inc. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. Or we can do the bookkeeping for you.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Sanderson Accounting, Inc. can advise you on choosing an entity type and later restructuring if advantageous.
Sanderson Accounting, Inc.'s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Sanderson Accounting, Inc. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Sanderson Accounting, Inc. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Sanderson Accounting, Inc. can provide professional know-how to help you successfully structure and negotiate the deal. Sanderson Accounting, Inc. employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.