Accounting Services
We understand that accounting professionals are called upon to bridge the gap between technology and daily business life.
We understand that accounting professionals are called upon to bridge the gap between technology and daily business life.
The world of accounting is changing with today’s technology and has only increased in importance for corporations and businesses! While this may seem overwhelming it does not need to be. We would like to help you bridge that gap by translating the appropriate accounting information into your daily business life.
Accounting Serving the SE Wisconsin Area
SERVICES
Bookkeeping Services
Financial Statement Preparation
PROCESSES
Yearly Business Assessments
Budgeting
Financial Analysis and Reports
Payroll Services
Loan Application Preparation
Conversions from Manual to Automated Systems
PROCEDURES
Bank Reconcilaitons
Cash Flow Management
General Ledger Preparation
Fixed assets accounting & depreciation
To accomplish this goal, we maintain a strong focus on bringing professionals in that possess the skill sets our clients need to effectively deliver and maintain that connection between technology and business.
We also understand that not all businesses have the same needs and technology which is why we offer you valuable and varied experiences and knowledge.
Our goal is to assist you in the accounting needs that allow you to focus on what you do best, your business!
Our professionals have 7-20 years of accounting experience, and a strong working knowledge of many software packages to bring you, including but not limited to:
Contact us for your accounting support
Have Questions?
We've Got Answers
Obtaining Licenses and Permits
Along with creating your business entity, there may be additional licenses and permits you will need to acquire depending upon your type of business. Given the myriad of businesses and practices we work with, JTA can be a good resource of information for you.
Business Structuring Strategies
Accounting Method/Period Changes
We help our clients adopt changes in their accounting method or period for tax purposes. We advise them of the facts and circumstances the IRS considers allowing the change, prepare the required elections and forms, and get IRS consent to change the method. We also fully explain the tax consequences of making the change, so that any issues can be addressed and planned for proactively.
Entity Selection, Formation and Structure Planning
We evaluate the different types of entities available and how they should be formed. We evaluate any changes and develop ideas on how to structure the business as it grows to meet client needs, both now and for the future.
Organizational Costs/Startup Costs
We assist clients in identifying organizational and startup costs, determine if the costs should be capitalized, expensed or amortized for tax purposes, and make the appropriate elections.
Ownership Planning
All businesses will one day either change ownership or liquidate. JTA works with our clients to plan for their businesses’ future, whether that is passing it along to the next generation, adding or reducing individual owners, or winding down operations. With planning, our valuation experts can help business owners increase the value of their business to maximize the selling price. In addition, JTA can assist in proactive analysis and development of a company’s buy/sell and operating agreements to avoid confusion and problems in the future.
Business Tax Planning Strategies
Buy vs. Lease
Several factors must be considered in making a buy vs. lease decision. The risk of obsolescence, capital needs, accounting treatment, and the useful life of an asset are all factors that must be taken into account when this decision comes up. We can help analyze the situation and give insight into what will make sense for the business needs.
Depreciation Method Planning
We help determine the best depreciation method and incentives that will suit your business. We consider your industry and look at various scenarios to get the most tax savings possible. We work with extensive depreciation software that allows us to evaluate book, federal, state, and Alternative Minimum Tax (AMT) depreciation considerations.
Like-Kind Exchanges
The tax-deferred exchange remains the most important tool in planning for non-personal real estate transactions. We work with clients to navigate the many rules and regulations that affect these transactions. We also will act on our clients’ behalf to arrange and act as a liaison between the various other professionals required to complete the transaction according to strict IRS rules.
Multi-state/Nexus Tax Planning
Many companies do business in states other than where they are located – it’s part of growing your company, competing in a larger marketplace, and making smarter business decisions. Service providers have a much lower threshold than what a typical “tangible goods” company faces when determining whether they are subject to taxation in a given state. Our professionals can assist you in determining your company’s multi-state tax situation, take steps to insulate your activities from overzealous states and minimize your overall state tax liability.
Preparation of Financial Statements
The financial statement is the most important core tool of management. Proper design and preparation of the financial statement are essential. There are hundreds of available aids including software to assist in the preparation of the financial statement. The experts at JTA can assist in your selection of the best and most efficient aids and methods to help prepare your financial statement so it is a meaningful and timely tool for your use.
Analyze and Review Financial Statements
The effectiveness of a business can be measured in many ways with financial benchmarking, arguably the most relevant tool. Benchmarking is a core tool in which the business is compared goals, previous years, and similar businesses. Our experts assist not only to properly benchmark your business but suggest other tools to help you analyze and review your financial position.
Cash Flow Analysis and Forecasting
A cash flow analysis records how money flows into and out of a business and helps you understand how much cash is available at any given time. Cash flow is an indicator of the financial health of the business. Having a lot of cash on hand isn’t a true indicator of profitability, just as having a lot of debt doesn’t mean the business isn’t financially strong
Cash Flow Projections and Break-Even Analysis
Cash flow is essential – it is the roadmap to performance or the core of the financial process. A cash flow forecast ensures you have the financial resources to fund your company’s growth or simply, make the next payroll. Most companies want to do better than just covering all of their fixed or variable costs, but aren’t certain where that occurs or what all of the factors are to make that goal attainable
Budget Planning and Forecasting
You have a vision for your company, and you have mapped out the key performance objectives to accomplish that vision. Budgeting and forecasting is a critical tool in the planning process to ensure you achieve those performance objectives.
JTA’s professionals can review different forecasting models and tools. We can also help identify the best revenue and expense forecasting methodology. The goal of this process is to help you make good financial decisions and manage growth.
Client Operational Services - Back Office
The financial statement is the most important core tool of management. Proper design and preparation of the financial statement are essential. There are hundreds of available aids including software to assist in the preparation of the financial statement. The experts at JTA can assist in your selection of the best and most efficient aids and methods to help prepare your financial statement so it is a meaningful and timely tool for your use.
