Ironstone Services

Tax Preparation

Nobody likes to think about taxes. However, as April 15th approaches, they’re difficult not to think about. Tax rules and regulations are complicated and frequently changing, which is why it’s so hugely beneficial to have tax professionals on your side to prepare your individual or business tax return. Sure, you could try to do it all on your own, but having the knowledge and guidance of a tax expert does wonders for your return and you bottom line.

Tax Prep Services in Peachtree City, GA

Our expert tax services include:

• Tax return double check – Your tax return will be thoroughly reviewed by our advanced tax software in order to find and correct any problem areas well before they get to the IRS.

 E-filing – We file your return electronically, which get your information to the IRS more quickly and ensures the prompt return of your refund.

In addition, our tax accounting team gives you ways to save more money, such as:

• Showing you how to adjust your payroll withholdings to get more money back every week

• Identifying deductions you may have overlooked that will limit your tax liability for next year

No matter how complicated your taxes may seem, Ironstone Accounting & Tax handles your tax preparation needs for a maximized return that is in complete compliance with all federal and state laws.

Preparing Business Taxes? Let us Help You with Your Books!

If you haven’t kept up with the bookkeeping duties for your small business, you don’t have to worry. We can handle your bookkeeping needs for the entire year in order to prepare you for a successful tax season this year, and for years to come.  Plus, we will prepare a full Schedule C, in addition to your personal income tax return. Don’t let your business tax filing needs overwhelm you this tax season – enlist help from the professionals at Ironstone Accounting & Tax.

Contact Us for Tax Preparation Help

Contact our tax accounting office today to learn more about how we can prepare and file state and federal tax returns for businesses and individuals.

Business Taxes

Federal Income Tax

Our tax services include preparation of federal, state and local tax returns for corporations, partnerships, not-for-profit organizations, and estates and trusts. Virtually all tax returns are prepared using what we consider to be the best available software, allowing for increased accuracy and reduced turnaround time. We provide our clients a wide range of corporate tax services and strategic support outside of preparing their tax returns. Whether you need help with tax compliance or us to serve as your outsourced tax department, Ironstone Accounting & Tax can provide the resources and expertise necessary to achieve your goals. Let us prove how solid advice and a dedicated team of professionals equal a winning strategy for you.

Federal Tax Returns

Form 1120 – Corporation

Form 1120S – S Corporation

Form 1065 – Partnership

Form 990 – Non-Profit Organization

Form 1041 – Estates and Trusts

Business Tax Services

Tax compliance assistance

Strategic tax planning

Assistance with IRS procedures and audits

Accounting methods and periods

State and Local Taxes

State and local taxes are a key consideration in business planning. Ironstone Accounting & Tax helps minimize these taxes and provide crucial information to assist in day-to-day operations. To help companies deal with the various state and local tax issues, we provide assistance in the areas of:

Sales and Use Tax

Analysis of sales and use tax payments to ensure that proper taxes are paid

Exposure review for states in which returns are not being filed, including registration for new state filings

Review to help ensure that exempt items are not being taxed

Representation and coordination in state sales and use tax examinations and appeals

Preparation and filing of monthly, quarterly, and annual sales and use tax returns

Corporate Franchise & Excise Tax

Assistance with state questionnaires

Analysis to ensure that tax filings are only made in the required states, including new state registrations

Preparation and filing of returns

Representation and assistance in state income tax audits

Franchise tax job credits

Excise employment tax credits

Small Business Accounting

At Ironstone Accounting & Tax, we know that running a small business can be difficult. There are a million things to stay on top of, and it’s easy to forget about certain tasks and put off time-consuming activities.

Bookkeeping is one part of running your business that should never be neglected. If you are unable to give your books the attention they need, we can help with small business accounting services in Peachtree City, GA.

Expert Accounting Help for Small Businesses

Our team of certified accounts helps you capture accurate financial data and organize your books so that you can efficiently plan for your business’ future success.  We offer:

• Balance sheet generation
• Maintenance of your general ledger
• Accounting consultations
• Income statements

All of this detailed information creates a snap-shot of your business that is essential for future planning and helping you keep more money in your pocket. Every month we will review your general ledger and identify and fix any discrepancies including double billings or unrecorded payments. With accurate books and balanced bank accounts, you know exactly what you have to work with and can correct any potential weak spots in your system. Additionally, much of this information is something that potential lenders will want to see to determine how much credit they will give you to grow your business.

Our Small Business Accounting Services Help You Get Ahead

We are business accountants who are dedicated to giving you the financial wisdom your small business needs to avoid common pitfalls that many business owners fall into.  With bank account reconciliations, accurate balance sheets, and an organized general ledger, you can:

• Manage cash more efficiently
• Figure out your income tax liability
• Find lost checks
• Establish if your business is in a position to expand
• Track increases in product returns or cost of goods
• Detect and prevent excess or unjustified bank charges
• Protect yourself against fraud

We want you to be as knowledgable as possible when it comes to the financial condition of your business, and that’s why we’ll spend time with you to make sure you understand everything we handle for the financial aspect of your small business. In addition, whenever you have a question or issue that needs to be addressed, you can get in touch with us directly for help.

Set Up Your Small Business Accounting Consultation

Ironstone Accounting & Tax has years of experience helping small businesses in Peachtree City, GA. Whatever accounting needs you have, our dedicated team of professionals can help. Contact our office today to learn more about what our bookkeeping and accounting strategies can do for your small business.

CFO Services

If you’re a business owner who’s having trouble taking care of your company’s upper-level financial management, it’s a sound decision to have an outside financial leader regularly take a look at your finances. With strong guidance, you can set your business on the right path and help prevent unforeseen problems from causing big issues.

However, hiring a full-time Chief Financial Officer (CFO) to do all this of this isn’t cheap. Smart business owners get around this by taking advantage of outsourced CFO services. At Ironstone Accounting & Tax, we supply CFO assistance in Peachtree City, GA to small business clients. We help successfully manage your accounting, business planning, and budgeting needs.

What Can a CFO Do for You?

A Chief Financial Officer is your business’ financial manager and leader, as well as a sounding board for new ideas on how your business can move forward successfully.

When you enlist the team at Ironstone Accounting & Tax to act as your company’s CFO, you can take advantage of:

• Improved cash flow management
• Training and managing for any existing accounting staff
• Budget preparation and monitoring
• Profitability analysis by service or product line
• Strategies to minimize your tax liability
• Liaisons with bankers, attorneys, vendors, and insurance agents
• Assistance with obtaining financing
• Analysis of equipment purchases, expansions, etc.

When you run a small business, it’s important to seek as much financial guidance as you can. At Ironstone Accounting & Tax, our part-time CFO services give you the tools to help your business thrive.

Looking for Small Business Help from a CFO? Call Our Office
You don’t have to go without expert financial leadership, just because you run a smaller business; large corporations and small companies alike can benefit from a CFO . To learn more about outsourced CFO assistance in Peachtree City, Contact Ironstone Accounting & Tax to set up your initial consultation.

Payroll

When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.

Small business owners spend an average of eight 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 the following 3 custom 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 printed on-time, every-time.
  • All of your payroll checks are laser printed on “blank” check stock to ensure maximum security and meet the micro encoding standards as set forth by the Federal Reserve System.
  • 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.
  • Creation and filing of the required new hire reports
  • Your payroll records maintained in tip top shape.

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 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.
  • Creation and filing of the required new hire reports
  • Your payroll records maintained in tip top shape.

3. Online Payroll Processing
You can enter your employee’s hours and earnings securely online and get…

  • The ability to instantly print payroll checks on your own printer.
  • 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.
  • Creation and filing of the required new hire reports
  • Your payroll records maintained in tip top shape.

Custom Payroll Reports Service
There seems to be an endless amount of special reports Government agencies require. We can prepare the following reports for you.

  • Worker’s Compensation Audits
  • Unemployment Claims
  • Social Security Audits
  • Child Support Audits
  • W-2 and W-3 processing
  • 1099 and 1096 processing
  • Preparation/assistance with Federal and State registration forms

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.
Contact us for a free quote. 

Non-Profit Organization

We can help you setup and maintain your non-profit organization’s tax-exempt status by handling all the IRS reporting for you.

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.

  1. Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent…
  2. Balance Sheet with specific categories like cash, accounts receivable, accounts payable…
  3. Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
  4. Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
  5. Revenue Support Schedules that detail the organization’s sources of income in specific categories like charitable donations, membership fees, investment income.

The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it’s imperative that you build your accounting system around these revenue and expense classifications.

Here’s what we do for you…

  • Review and compile your financial statements
  • Design, install, and maintain your Accounting System
  • Weekly, bi-weekly, or monthly payroll preparation
  • Payroll Tax Preparation and Deposits
  • Provide training for your accounting personnel
  • Complete and file your non-profit status application
  • Provide training for your board on non-profit financial statement usage and effective budgeting practices
  • Prepare and file the 990 and 990T tax forms
  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
  • Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

If you’re starting a new not-for-profit organization we can help you prepare your organization’s 501 (c)(3) application for tax-exempt status.

Here’s what’s needed…

  • Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 (“Organizational Test”).
  • Employer Identification Number
  • By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members
  • Names and addresses of all Active Members
  • Inventory of Assets like cash, furniture, equipment, property, pledges…
  • Inventory of Liabilities like mortgages, accounts payable, loans…
  • Rent/Lease Agreements and Contracts
  • Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
  • Written Reason for Formation and History of the organization.
  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets…
  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers…
  • Fund Raising Program Descriptions
  • IRS Processing/Filing Fee

We are happy to prepare any of these items if you need help.

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. Prepare an initial business plan to clarify your marketing, management, and financial plans.
  2. Determine your start-up capital needs.
  3. Identify sources of start-up capital and backup sources if needed.
  4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  5. 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.
  6. Select the right accounting software by evaluating your budget, needs and hardware.
  7. Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  8. Establish billing and collection procedures to maximize your cash flow.
  9. Establish procedures to monitor and control costs.
  10. Setup a home office so you can maximize your tax deductions.
  11. Prepare and file all required state and local licenses and permits.
  12. Prepare and file your application for your Federal Employer Identification Number.
  13. Provide payroll and payroll tax filing when you bring on your first employee.
  14. Comply with employment laws so you don’t get hit with fines and unhappy employees.
  15. Identify your business insurance needs.
  16. 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.

LOCATION

277 Highway 74 North
Peachtree City, GA 30269
770-487-9166

BUSINESS HOURS

  • Monday-Friday:
    8:30am to 5:30pm
    (Closed daily for lunch 12:30 – 1:30)
  • Saturday:
    9:00am to 2:00pm
  • Sunday:
    (Closed)