Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
Bookkeeping
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
Payroll
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Financial statements
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
Accounting Setup for New Businesses
Few topics in small business are as confusing as accounting, especially to the new business owner. The first decision to be made is which type of accounting method to choose, there are 2 choices: Cash basis or Accrual basis. After choosing a method for recording transactions, it’s time to setup your "chart of accounts". A "chart of accounts" is simply a listing of all the various accounts in your accounting system. There are asset accounts, liability accounts, income accounts, expense accounts, and equity accounts. Once you’ve chosen your accounting system, the next step is maintaining your accounting system. Copper Canyon Tax and Financial Services will be on your side every step of the way.
Sales Tax Preparation
Many of our clients are responsible for collecting and submitting sales taxes in many different municipalities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. |
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We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.
Individual and Business Tax Preparation
Tax laws change every year and what was true in the past is not necessarily valid in the current year. Keeping up with the changes and knowing how to apply those changes can be a daunting and time consuming chore. Although there is help available from the IRS and numerous income tax preparation software programs at your disposal, preparing your own income tax return is challenging. Copper Canyon Tax and Financial Services will help you reduce your current tax liability by making sure your return is prepared correctly and takes advantage of all credits and deductions you are entitled to.
According to a study released by the US Government's General Accounting Office in 2005, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional trained in income tax preparation.
Tax Planning
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall strategy, you can use our experience and access to current new developments in the tax laws to minimize both your current and future tax liabilities. |
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Consulting
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Personal Finance and Debt Management Consulting
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. |
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