OUR SERVICES

With over 15 years of experience in the industry, our clients can trust us and rely on our services to manage their finances efficiently. We have built a reputation of excellence in the accounting industry. We provide proficient bookkeeping and accounting services tailored to your specific needs, including:

• Recording and categorization of transactions from bank, credit card, and payroll accounts.
• Monthly reconciliation of bank and credit card accounts.
• Maintenance of chart of accounts and routine classifications.
• Issuance of financial statements (balance sheet, profit and loss, etc.).
• Recording of fixed asset acquisitions, dispositions, and any related debt financing.
• Recording of depreciation/amortization expense.
• Journal entries for non-cash activity and other transactions.
• Recording of K-1 entries from flow-through entities and disregarded activity from wholly owned entities.
• Recording of activity from brokerage accounts and other investments.
• Intercompany activity and owner’s equity adjustments.
• Other adjusting journal entries and accrual adjustments.
• Maintenance of accounting records in accordance with applicable standards.

With a seasoned tax professional at the helm with years of experience involving complex structures and strategies, we provide tax preparation services to keep you up to date with all of your income tax reporting requirements in the most accurate and proficient way possible, including:

• Preparation and filing of federal and state income tax returns for entities such as corporations, LLCs, partnerships, trusts (both grantor and non-grantor), personal, and others.
• Assurance of accurate reporting of multi-tiered partnership structures, inter-company transactions, etc.
• Preparation and filing of extensions, as required. 
• Assurance of full compliance with current and proposed Internal Revenue Code regulations.

Our consulting services take things to the next level as we help you identify opportunities for improved operational efficiencies and optimized tax positions, which in turn help maximize the expansion and growth of your company, including:

• Financial statement ratio analysis for enhanced understanding of profitability and financial strength.
• Analysis of cash flows and recommendations to maximize your bottom line.
• General recommendations for improved operational efficiency to enhance expansion and growth.
• Analysis and general recommendations to optimize your tax position and maximize your wealth.
• We understand that every business has unique accounting needs. That's why Summit Tax & Accounting, Inc. offers customizable services to meet the specific requirements of each of our clients. We work closely with our clients to understand their needs and provide personalized solutions.