We’re Dedicated to Our Small Business Clients

Tax Strategies for Louisville Kentucky Area Businesses

Our experience with business tax services allows small business clients to proactively integrate tax planning strategies and make updates as needed throughout the year. The small business tax accounting process aims to limit liabilities and avoid potential penalties. The Experts effectively prepares accounting documents for tax preparation with a special interest in preparing partnership and S Corporation returns, which are processed through personal taxes.

With The Experts, our focus is on you — getting to know you, your business, and your industry. We believe wholeheartedly that open and frequent communication allows us to serve you in the best way possible. Our clients also benefit from our secure online portals, which are used to upload and review data in a timely and efficient manner.

How Can We Help Your Business?

The Experts take care of your small business needs so you can do what you do best; run your business and serve your customers. There are many ways we can help your small business get a handle on its finances:

  • We’ll help you get financially organized. From reconciling your bank account to cleaning-up your general ledger, we provide monthly and quarterly services that are sure to keep your finances in order.
  • Your business will be ready for tax preparation, and we’ll be here to answer any questions you may have about your tax return or tax filing along the way.
  • We’ll help you better manage cash flow by assisting with the reporting and analysis of your earnings.
  • You’ll have access to unlimited consultations. We pride ourselves on being available to our clients and lending them our expertise when they need it.
  • We offer a full spectrum of financial services to our small business clients, and are proud to support them in all of their general accounting needs.

  • Financial Services

    Each month or quarter The Experts offer the following services:

    • Reconcile your bank account
    • Generate an income statement
    • Generate a balance sheet
    • Clean up your general ledger
    • Provide unlimited consultations

    Bank Reconciliation

    Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
    Having us reconcile your account each month allows you to...

    • Identify lost checks, lost deposits and unauthorized wire transactions.
    • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
    • Detect and prevent embezzlement of funds from within your company.
    • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
    • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
    • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
    • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

    Income Statement

    An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
    An income statement allows you to...

    • Track revenues and expenses so that you can determine the operating performance of your business.
    • Determine what areas of your business are over-budget or under-budget.
    • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
    • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
    • Determine your income tax liability.

    Balance Sheet

    A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
    A balance sheet helps you:

    • quickly get a handle on the financial strength and capabilities of your business
    • identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
    • determine if your business is in a position to expand
    • determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
    • determine if you need to take immediate steps to bolster cash reserves
    • determine if your business has been slowing down payables to forestall an inevitable cash shortage

    Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

    Maintaining a Clean General Ledger

    The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
    Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

    Unlimited Consultations

    We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

    If you'd like to receive a consultation on our Small Business Solutions, please contact us here.

  • Bookkeeping

    Books a Mess? No Problem!

    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.

  • Payroll

    Easy, Fast Payroll with The Experts

    When it comes to paying employees, federal and state laws compounded by IRS regulations, have made the payroll function a time consuming nightmare for the small business owner.
    Small business owners spend an average of eight to twelve hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
    We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best; running your company.

    Why Outsource Your Payroll?

    • It's Cost Effective

      Use your staff more efficiently by letting us handle payroll and the associated legal details. Reduce overhead by removing the need to hire specialized employees.

    • It's a Time Saver

      Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, no more worries.

    • Worry Free Payroll Tax Filing

      Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date?

    • Allows You To Focus On Core Competencies

      Our professional staff allow you to focus on the core competencies of your business. We are accounting professionals--you get the experts working for you and with you.

    • Comprehensive Reports

      You get a wide variety of user-friendly and accurate payroll reports. For a nominal fee, we will include union reports, certified payroll, workers' compensation reports and much more.

    Get the Payroll Solution That Best Fits Your Needs.

    We know that when it comes to payroll service - no one size fits all. That's why we offer different payroll processing options.

    1. Comprehensive Payroll Services

      Our Comprehensive Payroll Service takes care of all of the payroll processing for you, so that you won't have to. You get...

      • Your payroll checks prepared and directly deposited into employee bank accounts on-time, every-time.
      • Free Direct Deposits
      • Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
      • User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
      • Detailed reports on your employee's vacation, sick days, and personal days accruals.
      • Your payroll records maintained in tip top shape and available, to you, online through your web portal.
    2. After-the-Fact-Payroll Services

      We will take your manually-prepared payroll records and other payroll information and post this information to our data files, so you get...

      • Worry Free IRS and State tax reporting.
      • User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
      • Your payroll records maintained in tip top shape and available, to you, online through your web portal.

    How much do we charge?

    In order to give you an accurate price for our payroll services we need to know a little more about your business and what services you're interested in. Our prices are very affordable and competitive.

    Please complete the form below to get a consultation and complete pricing of our Payroll Processing Services.

  • Forensic Accounting

    Do you worry that you or your business might be the victim of fraud?
    Do you need to analyze your financial data to uncover potential misconduct?
    Are you investigating an entity for possible acquisition and need to ensure the absence of financial irregularities? Maybe you're involved in litigation and require an expert witness to testify on your behalf?

    If any of these situations apply, you need our Forensic Accounting services.

    Who Needs Forensic Accounting?

    Forensic accounting - also called financial forensics or forensic auditing - is an area of accounting that investigates actual or anticipated disputes.
    Disputes can range from business-related litigation to marital dissolution. We handle both litigation support and investigative accounting.

    Litigation Support

    This area covers accounting assistance for current or pending litigation.
    For a litigation assignment, we...

    • assist in obtaining the necessary documentation to support or refute a claim;
    • examine the relevant documentation to form an assessment of the case;
    • review the damages report by the opposing expert;
    • assist with settlement discussions and negotiations; and
    • attend trial to hear the testimony of the opposing expert and provide assistance with cross-examination.

    Investigative Accounting

    Occasionally, you may need to explore whether fraud or misconduct has occurred, such as employee theft of property or inventory, misappropriation of funds by employees, kickbacks to employees from outside businesses, securities fraud, and insurance fraud.
    With our investigative accounting services, we bring to bear our accounting knowledge and experience in the field to give you a clear understanding of the situation. When you retain our expertise, we skillfully...

    • review the situation and offer suggestions for possible courses of action;
    • assist with the protection and recovery of assets;
    • coordinate with other experts, including private investigators, forensic document examiners, and consulting engineers; and
    • assist with any necessary civil action or criminal prosecution.

    Forensic Investigations Take a Variety of Forms

    The services of a forensic accountant are required for a range of investigations across many different industries.
    Here are the most common assignments in forensic accounting:

    • Disputes Among Shareholders or Partners. The compensation and benefits given to each of the shareholders or partners is one of the more common issues in these cases.
    • Personal Injury Claims / Motor Vehicle Accidents. When economic losses from a personal injury or vehicular accident are in question, a forensic accountant is brought in.
    • Insurance Claims. Because insurance policies vary greatly in their terms and conditions, such engagements require a thorough policy review to determine the appropriate method of figuring the loss. A forensic accountant can assist from either the insured or the insurer's standpoint.
    • Business/Employee Fraud Investigations.The investigation of employee fraud often requires a determination of the extent of the fraud. It may or may not include the identification of a perpetrator. Many times, such assignments necessitate interviews of staff who had access to the funds.
    • Matrimonial Disputes. Usually, when a dispute of this nature arises, forensic accountants must locate and evaluate the disputed assets, be they businesses, property, or fiduciary.
    • Business Economic Losses.These kinds of engagements include contract disputes, construction claims, expropriations, product liability claims, trademark and patent infringements, and losses stemming from an alleged breach of a non-compete agreement.

    Give Us a Call

    If you think you have reason to be concerned about financial misconduct, please call us today at (502) 709 - 4599 or contact us here. We are happy to offer a free initial consultation to help you determine whether our services are needed.

  • New Business Formation

    Thinking of owning your own business?

    Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
    A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

    We help you....

    1. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate. (LLC, C Corp, S Corp)
    2. Form the entity.
    3. Select the right accounting software by evaluating your budget, needs and hardware.
    4. Establish billing and collection procedures to maximize your cash flow.
    5. Establish procedures to monitor and control costs.
    6. Prepare and file all required federal and state tax elections.
    7. Prepare and file your application for your Federal Employer Identification Number.
    8. Provide payroll and payroll tax filing when you bring on your first employee.
    9. Comply with employment laws so you don't get hit with fines and unhappy employees.
    10. Identify your business insurance needs.
    11. Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

    Let us help you succeed by getting your new business off to a good strong start. Please contact us here to learn more about our New Business Formation Services.

Small Business Help

Each month or quarter The Experts offer the following services:

  • Reconcile your bank account
  • Generate an income statement
  • Generate a balance sheet
  • Clean up your general ledger
  • Provide unlimited consultations

The Best Small Business Solution

As a small business owner you are busy running your business, serving your customers, and generating revenue. At The Experts we understand and support this process. That’s why helping small businesses with solutions is one of our specialties. Our staff will help you measure account accuracy to better manage and analyze growing financials.

Let us show you how we can help your company with small business accounting services in Louisville; so you can focus on what you do best. Contact The Experts today.

Contact Us Today