Go to Home Page About Sherif Y. Iskander CPA, P.A. Services Tax Tools Calendar Contact Us
 

Services

Bookkeeping and Payroll Services
Business Consulting
Employee Benefit Plans
Estate and Gift Tax Planning
Financial Planning
Financial Statement Services
Income Tax Preparation and Planning
Tax Representation





Bookkeeping and Payroll Services

Bookkeeping is the foundation of accurate and meaningful accountability. Our firm will be glad to assist you with any of the following bookkeeping services:

Preparing payroll and writing payroll checks
Preparing all required federal and state payroll reports
Preparing unemployment tax reports
Preparing sales and use tax reports
Preparing property tax listings
Performing bank reconciliations
Posting cash receipts and cash disbursements to the general ledger
Preparing accrual and adjusting journal entries
Preparing depreciation schedules for capital assets
Preparing aged trial balances of accounts receivable and accounts payable
Providing statistical analysis and account reconciliation
Preparing monthly financial statements, including balance sheets and earnings statements

Back to Top of Page

Business Consulting

Our firm has helped many clients reach their maximum business potential. This potential can be reached by having strategic business plans. These business plans involve the following:

Setting goals
Identifying service or products
Choosing a management team
Defining specific target market
Measuring results

Back to Top of Page

Employee Benefit Plans

Our firm can help you choose the correct type of retirement plan and choose the right type of investment and a third party administrator.

Back to Top of Page

Estate and Gift Tax Planning

Our firm has been helping clients plan for the proper distribution upon their passing. The connection between death and taxes is a reality that each client must face. Our mission in estate planning is to honor the clients wishes and make recommendations of specific strategies to help minimize the estate and gift tax. These recommendations will allow the heirs to keep the family business, farm, or securities in tact without having to pay a large percentage to the United States Treasury. We will work with your attorney and all of your respected advisors to make certain your goals are met.

Estate taxes are based on fair market value (FMV) of the asset and transferred. The use of a properly structured Limited Liability Company (LLC) will allow taxpayers to receive significant discounts from FMV which in turn will tremendously reduce taxes.

Back to Top of Page

Financial Planning

Financial planning involves many aspects such as the following:

Asset protection from creditors
College Planning
Retirement Planning
Business Planning
Savings for next generation
Tax Planning

All of the above types of planning require the use of various types of investment vehicles, cash, bonds, stock, mutual funds, and real estate. We can help you determine which is the best investment vehicle.

Back to Top of Page

Financial Statement Services

Our firm will prepare the necessary financial statements required by our clients. These statements are a vital source of information for management shareholders, partners, and creditors. Our firm prepares two types of financial statements.

Review: a review includes various analytical procedures to provide limited assurance to management that the financial statements conform to generally accepted accounting principles. This involves issuing a formal review report to management and owner.

Compilation: We will compile financial statements from client information without performing any audit testing or analytical procedures. This involves issuing a form compilation report to management and owner.

Back to Top of Page

Income Tax Preparation and Planning

"Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes..." - Judge Learned Hand, Helvering v. Gregory.

Based on the above premise, our firm is dedicated and committed to helping all of our clients minimize their total taxes. A few of the strategies involved are:

Shifting income between family members and other entities with lower tax rates
Setting up retirement plans
Setting up health savings accounts
Income Recharacterization
Cost segregation studies for accelerated depreciation on real property
Minimizing the alternative minimum tax
The use of 1031 Like Kind Exchange for real or personal property
Income deferral via the use of correct accounting method, cash or accrual
The use of defective grantor trusts
The use of S-Corporations and C-Corporations
The use of Partnerships and Limited Liability Companies (LLC)

Our firm will use the above techniques to prepare an accurate tax return.

Back to Top of Page

Tax Representation

Dealing with the IRS requires patience and experience. We help our clients during all phases on any IRS or state audit. Our services include:
Income Tax Audits
Sales Tax Audits
Property Tax Audits
Our goal is to minimize the total cost to the client, including our fees.

Back to Top of Page

Go to Home Page About Sherif Y. Iskander CPA, P.A. Services Tax Tools Calendar Contact Us