SERVICES
ACCOUNTING
Personal & Business Finances
Coral & Associates, provides our clients with comprehensive bookkeeping and accounting services including setting up sound financial systems, budgeting, cash flow management, preparation of financial statements, and much more.
Our business accounting services are designed to provide services at multiple levels. Some clients prefer to keep it simple and provide us with bank statements and canceled checks to put the books together on a periodic basis. Other clients prefer to run all of their accounting out of our office; from paying bills and mailing checks to receiving payments and making deposits and using our address as their accounting office address.
TAX PREPARATION
Individual & Business Tax Returns
Preparing your own income tax return can be a task that leaves you with more questions than answers. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.
BUSINESS FORMATION & REGISTRATION
Business Structure & State Registration
Taxation is a key factor in determining whether you should from a C corporation, S corporation, LLC, LLP, a general or a limited partnership. The type of entity formed should not be a decision taken lightly, as this decision will affect not only the corporate entity, but its shareholders or partners.
Once you have chosen a structure for your business, the next step is to complete the necessary registration requirements. We will set up your business entity so that all you have to do is walk over to the bank with the required paperwork, open a corporate bank account, and begin operations.
IRS REPRESENTATION
Audits, Appeals & Collection Issues
We're here to help you resolve your tax problems. Your IRS problems will not just go away by themselves; they will get worse with penalties and interest being added each day.
Unfiled returns, back taxes, and other IRS issues become less worrisome with Coral & Associates, on your side. After assessing your situation and reviewing your options, we’ll work directly with the IRS to find the best solution to your problems.