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Transforming Your Business

With a comprehensive understanding of applicable rules and legislation for businesses, our team has extensive experience managing taxation and accounting demands for a wide range of clients. Our goal is to build long-term relationships, deliver personalized service and create a sustainable solution for our clients.

We offer three levels of service:

  • Administrative/ Essential                             

  • Professional                                                      

  • Executive / Premium

Additional services can be added to any package, should a client prefer a more customized solution.   Individual tax return preparation and personal tax planning strategy sessions for the business owner(s) with document portal access for their personal documents can be added at an additional cost and included in the monthly service billing.

Administrative/Essential

The Administrative/Essential package is for business clients that are looking for a standard tax preparation package.  This solution offers the tax expertise, typically found in larger companies, at a fraction of the cost.  

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Our Administrative/Essential Package includes:

  • Tax preparation (Business only)

  • (1065, 1120, 1120S, Schedule C)

  • Document Portal Access

  • Tax Return upload to Portal

  • Paperless workflow

  • Email support   

Professional

The professional package offers the next level of service to companies and firms that do not choose to completely outsource their accounting function.

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Our Professional Package includes:

  • Administrative package +

  • Monthly Bookkeeping review    

  • Reconciliation of Bank statements

  • Payroll Services Available

  • Online Access to Pay Stubs

  • Direct Deposit

  • Phone Support (48 hour response)     

  • QuickBooks Online Subscription

  • QB Training/ Support (1 hr  per month)           

  • Receipt Bank Account for Receipt Tracking

Executive/Premium

For clients that need a higher level of service and a more robust plan, we offer the Executive/Premium Package.   

This allows our clients to outsource the essential functions of their accounting department to our team.  We handle the day-to-day accounting and bookkeeping, along with tax preparation and a monthly Controller review of the books.

 

Our Executive/Premium Package includes:  

  • Professional Package +

  • Monthly Bookkeeping by firm

  • Monthly Controller review of books

  • Dedicated email for questions

  • 24 Hour Phone / email response              

  • 2 Strategy / Planning sessions /

Tax Minimization Strategy

The experienced professionals at Karen Collom, CPA, assists our clients with all aspects of tax planning and compliance so that our clients understand all tax implications before they make important business decisions.

We thoroughly review our clients’ business structure and financial position so that we can develop a fully customized tax strategy, aimed at saving them money and making their business more profitable.

Our business tax planning and compliance services include:

  • Tax planning

  • Cost Segregation

  • Inventory and Tax Accounting Methods Assessment

  • Mergers, Acquisitions and Reorganization

  • Tax Preparation for Privately-held Companies

  • Multi-state, State and Local Taxes

  • IRS Audit Representation

  • Tax Credits and Incentives

Tax Preparation

Tax regulations and requirements are complicated, and it seems that each tax year brings new changes. Trying to navigate through all the details can be a difficult task for any business owner. 

Our team eases our clients’ tax burden and helps minimize their tax liability while deferring expenses and income that can reduce a business’ tax liability and allow them to pay less in taxes

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Our team offers tax preparation services for:  

  • Sole Proprietors (Self Employed)

  • General Partnerships (1065)

  • Limited Liability Companies (LLC)

  • S Corporations (1120S)

  • C Corporations (1120)

  • Non-Profit Entities (990)

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NEW BUSINESS SET-UP & CONSULTING

Karen Collom, CPA, provides small business tax preparation and consulting services to entrepreneurs, coaching new business owners as they journey through the first two years of their company’s evolution.  In addition to establishing accounting practices and setting up the new business with the appropriate software, our team provides guidance with entity selection and structure.

Once an entity structure is chosen, we assist the new business owner with a thorough accounting review of a new company book that was created when the entity is formed.  

We support our business clients with consulting, payroll, Quickbooks* ® training and contract CFO Services.  Using cloud-based services, we work with our clients to create a Quickbooks* account and train them in the software.

QUICKBOOKS SERVICES & SUPPORT

Karen Collom CPA is a Quickbooks* Online Certified firm. We highly recommend Quickbooks* software and provide our clients with the opportunity to obtain a subscription. We also provide our clients with a Quickbooks* initial set up and training session.  

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