Financial Services
At FH Tax & Accounting, we provide a wide range of financial services designed to support your business’s unique needs. Our offerings include, but are not limited to:
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Preparation of Financial Statements: We create accurate and timely financial statements that provide a clear picture of your business’s financial health.
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General Ledger Setup and Maintenance: Our team ensures your general ledger is properly configured and maintained, facilitating accurate financial reporting and analysis.
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Accounts Payable and Receivable Processing: We efficiently manage your accounts payable and receivable, ensuring timely payments and collections to maintain healthy cash flow.
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Month-End Close and Accruals: We handle the month-end close process, including accruals, to ensure your financial records are up-to-date and reflect your business activities accurately.
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Reconciliations: Our team performs regular reconciliations to ensure that your financial records match your bank statements, helping to identify discrepancies early.
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Payroll Setup and Maintenance: We assist with the setup and ongoing maintenance of your payroll system, ensuring compliance with tax regulations and timely employee payments.
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Entity Selection and Setup Assistance: We provide expert guidance in choosing the right business structure and help with the setup process to ensure a smooth start for your business.
Bookkeeping Services
Our bookkeeping services are designed to provide you with a solid foundation for your business’s financial health. We understand that accurate and organized financial records are crucial for effective decision-making and compliance.
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Our Bookkeeping Services Include:
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Daily Transaction Recording: We meticulously track and record all financial transactions, ensuring your books are up-to-date and accurate. This includes sales, purchases, receipts, and payments.
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Bank Reconciliation: We perform regular reconciliations of your bank accounts to verify that your records match your financial statements, helping to identify any discrepancies early on.
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Accounts Payable and Receivable Management: We manage your incoming and outgoing payments, ensuring timely invoicing and payment processing to maintain healthy cash flow.
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Financial Reporting: We generate regular financial statements, including balance sheets, income statements, and cash flow statements, providing you with valuable insights into your business’s financial performance.
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Sales Tax Preparation: We handle sales tax calculations and reporting, ensuring compliance with local regulations and helping you avoid potential penalties.
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Customized Support: Whether you need full-service bookkeeping or assistance with specific tasks, we tailor our services to meet your unique business needs.
Business Analytics
Services
We offer comprehensive business analytics services designed to transform data into actionable insights that drive informed decision-making. Our approach empowers businesses to understand their performance, optimize operations, and enhance profitability.
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Our Services Include:
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Data Analysis and Visualization: We utilize advanced analytical tools to process and visualize your data, making it easier to identify trends, patterns, and opportunities within your business.
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Performance Metrics Development: We work with you to establish key performance indicators (KPIs) tailored to your specific goals, enabling you to monitor progress and measure success effectively.
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Predictive Analytics: By leveraging historical data and modeling techniques, we help you anticipate future trends and behaviors, allowing for proactive planning and strategy development.
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Customized Reporting: Our team creates tailored reports that provide deep insights into your business’s performance, helping you make data-driven decisions that align with your strategic objectives.
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Operational Efficiency Analysis: We assess your business processes to identify areas for improvement, streamlining operations to enhance efficiency and reduce costs.
Financial Analysis & Reporting Services
We offer a range of financial analysis and reporting services designed to enhance your business’s financial health and decision-making.
Our services include:
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Cash Flow Pro-Forma Preparation: We create detailed cash flow projections to help you manage your liquidity and plan for future expenses, ensuring that you have the necessary funds to support your operations.
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Budget Preparation and Analysis: Our team assists in developing comprehensive budgets tailored to your business goals, followed by in-depth analysis to track performance and identify areas for improvement.
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Profit Center Analysis: We conduct thorough evaluations of your profit centers to understand their contributions to your overall profitability, enabling you to make informed decisions about resource allocation and strategic initiatives.
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Ad Hoc Reporting: We develop customized reports to address specific business needs, providing you with the insights you require to make timely, informed decisions.
With our financial analysis and reporting services, you can gain a clearer picture of your business’s financial landscape and drive informed strategies for growth and success. Let us partner with you to enhance your financial planning and performance.
Tax Preparation and
Compliance
At FH Tax & Accounting, we understand that navigating tax season can be daunting. Our expert tax preparation services are designed to simplify the process and ensure compliance, so you can focus on what matters most—growing your business or managing your personal finances. We offer personalized support for both individuals and small to medium-sized businesses, delivering accurate and timely tax filings that maximize your deductions and minimize your liabilities. Our knowledgeable team stays up-to-date with the latest tax laws and regulations, providing you with peace of mind and confidence in your tax strategy. Let us handle the complexities of tax preparation, so you can enjoy a stress-free tax season.