Services
We will tell you more about our small business accounting services, including:
- Implementing Accounting procedures
- Full-charge bookkeeping
- Tax planning and preparation
- IRS representation
- Budget development
- QuickBooks Set up and Support
- Outsourced services including accounting and bookkeeping
- New business incorporation
- Financial statement preparation
- Monthly consultation to help you understand your financial information
Small businesses face a number of challenges in today’s economic climate, but staying on top or your books doesn’t have to be one of them. Porcelli Accounting, LLC works with business owners to ensure that their books are always up-to-date and accurate.
Our bookkeeping services for small business include:
- Recording checks register
- Credit Card Statement Reconciliation
- Bank Statement Reconciliation
- Monthly tax compliance
- Monthly and quarterly financial statements
- Review P&L and Balance Sheet as needed
- Cash flow management
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don’t just help you use the software, we help you use it more efficiently and more effectively.
We offer the following solutions to help meet your QuickBooks needs:
Personal Training- We train you personally! Either one-on-one or several individuals within your organization at your company’s location.
Installation- We install QuickBooks on your stand-alone computer or in a network environment, in either single- or multi-user mode.
Setup- We assist new QuickBooks users with initial setup including: Easy Step 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.
Support- Our QuickBooks 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.
Review- 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.
With our guidance, you’ll choose the best type of entity to incorporate, file the appropriate star-up documents, and set it up with the secretary of state and the IRS. Read more about choosing an entity.
We’ll be happy to meet with you to discuss how partnering with Porcelli Accounting, LLC can get your new business off to a great start. Call us at 312-846-1930.
Choosing the Right Type of Entity
The type of entity under which you incorporate has enormous implications for a new business. We, at Porcelli Accounting, LLC, can explain and help you determine the best choice for your venture. Here is a brief rundown of several common forms of incorporation.
Corporations
A corporation is a separate legal entity in which the owners or shareholders have no personal liability for its obligations. There are two types:
C Corporations
The corporation is taxed on its income and its shareholders are also taxed on distributions or dividends they receive from the corporation.
It is a separate legal entity from its shareholders.
If offers good asset protection.
S Corporations
The corporation is not taxed, but shareholders must report taxes on their individual returns.
It is a separate legal entity from its shareholders.
It offers good asset protection.
It must meet certain legal requirements or risk being treated as a C Corporation.
Limited Liability Partnership (LLP)
An LLP is comprised of two types of partners. General partners have management authority as well as personal liability for the firm’s obligations, while limited partners are simply cash investors with no management authority and liability for only the amount they have invested. An LLP is not a separate tax-paying entity and often is formed with a C or S corporation as a general partnership.
Limited Liability Company (LLC)
An LLC requires an organizational agreement similar to a partnership agreement and must file articles of organization with the Secretary of State. The owners or members are shielded from personal liability for the company’s obligations. An LLC may be taxed as a partnership, so its members must report income and deductions on their individual tax returns.
At Porcelli Accounting, LLC , we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
Who is Porcelli Accounting?
Choosing an experienced accountant can mean the difference between success and failure. After all, if the numbers show that you can’t turn a profit, you’re likely go out of business in a hurry.
At PORCELLI ACCOUNTING, LLC, we help small business owners make sound decisions in difficult economic times. We understand that the difference between success and failure is a dedication to managing the small details, which reflect in your monthly financial statements. We strive to gain detailed knowledge of you, your business and your data.
Surprisingly, most business owners don’t thoroughly consider their needs when selecting an accountant. That’s why we offer a free hour-long consultation to get to know you, your business challenges, and how we might assist you. Once you sign on, we’re committed to helping grow your business and delivering great customer service.
We value long-term relationships over short-term gains, therefore providing personalized service based on in-depth understanding and trust remains one of our top priorities.
We make every effort to tailor our services to your specific needs. Therefore, our continued goals and aspirations not only include offering a wide range of services that reach beyond technical issues, but also becoming your trusted financial partner.