In the Cloud

We work with any accounting software but recommend cloud-based accounting, so you get real numbers in real time and have easy access to your books from anywhere. We are well-versed in both Xero and QuickBooks.

As a Xero Silver Partner, we are proud to have over 100 clients using the platform. We feel it’s the best business and accounting software out there because they match our commitment to provide accurate, timely information. We also have a long, successful history with QuickBooks and offer a full range of setup, training, and preparation services.

Cash Flow Analysis

We can do a multi-faceted cash flow analysis so you can develop the necessary capital strategy to meet your business needs.

Our team can analyze your business’s cash flow to determine your working capital as well as assess the accuracy of your projections. This step is essential so that you can focus on running your business and avoid any possible discrepancies.

Bookkeeping

Proper bookkeeping will help you form a solid foundation for your business. We can assist with bank account reconciliation, balance sheets, ledger clean-up, income statements, and other relevant financial records.

Let us take care of your books, so you can take care of running your business and generating profits.

Compilation

If you need a simplified financial statement from an independent accountant, we can review your financial data and present the information as a “representation of management” and express no opinion or assurance on the statements.

Interim / Virtual Controller

If your business is in a time of transition, our team can step in to keep your business finances on track by providing part-time CFO services. Through projecting revenues, cash flow management, and planning we can come alongside your administration to provide critical financial assistance to help move your business forward.

We can come in person or do everything virtually dependent upon your needs.

Financial Analysis

We have accountants who can assess the feasibility, stability, and profitability of your business.

Whether you’re looking to build long-term plans for a business activity, or identifying the profitability of projects and departments we can review the data for you and leave you to do what you do best – run your business.

Budget Analysis

We work hard to make sure your finances are accurate and your budget is a true reflection of your financial capabilities.

We work with you to see where you may go under or over budget and come up with solutions. Our budget analysis includes reviewing all financial data, checking for any inconsistencies, comparing industry trends, and reviewing historical data.

Budget Set Up

Does your company’s budget need help?

Our accountants can work with you to review any current financial data and help you set up a budget based on your company’s goals.

Tax Analysis of Business Entity

We can help you understand the tax consequence of each business structure so you can avoid any possible penalties from the IRS or state.

We can assure you avoid the common pitfalls that many business owners make when starting their venture.

We also help current businesses restructure their entity for potential tax benefits.

Business Plan

A popular adage states, “Failing to plan is planning to fail.”

We want to turn that around; plan on succeeding with a strategic business plan. A strategic business plan is much more than a tool to obtain financing.

Preparing a strategic plan can help you clarify your company’s direction. It ensures both management and staff are on the same page and focused on the tasks at hand and ahead.

Let us help you understand the financial needs of your business through budgeting and financial projection and create a plan to cover them.

Internal Controls

We can help mitigate risk and protect your company’s resources.

We do this by assessing your internal control systems to determine the efficiency and effectiveness of your operating procedures.

Then we make recommendations that protect your resources. We want to help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

Tax Preparation

Today’s tax laws are so complicated that preparing your own tax return can be a task that leaves you with more questions than answers. Turning your tax preparation services over to a professional will help you stay compliant but also prevent you from overpaying the amount of tax you legally and ethically have to pay.

Wiley CPA takes tax preparation very seriously and we prepare each return utilizing two tax professionals to ensure accuracy. If you feel you have been overpaying in taxes we also offer tax planning services.

Non-profit Tax Returns (990)

Although a majority of the tax-exempt non-profit organizations don’t pay federal taxes, all of them do have to file an informational return with the IRS.

Estate and Trust Tax Returns (1041)

The tax world for estate and trusts are complex. We are able to help guide you through the tax requirements and refer you to attorneys to assist with the administration.

C Corps (1120)

Form 1120 is the U.S. Corporation Tax Return and is taxed at the corporate level, unlike the S-corp and partnerships which are flow-through entities.

Sales Tax

Sales tax is decided by the state but collected by the seller. Preparing sales tax reports is a complex process that becomes tedious and time-consuming.

Wiley CPA provides professional services to file and report sales taxes in correspondence with governing statutes.