Tax Reform

The most significant tax legislation in over a generation will impact every taxpayer, regardless of size and complexity. We are staying on top of all the changes so you don't have to.

Building Success

Your success is our business. We strive to gain a deep understanding your business, not just the year-end financial results. In doing so, we aim to be your most trusted & valued advisor.

Transparent Fees

No one enjoys sticker shock. Most of our engagements are priced on an up-front, fixed basis. You will know the cost of our services before you decide to work with us.

Peace of Mind

You can rest easy knowing that your accounting, tax and business planning needs are in the hands of experienced professionals.

Small Business Accounting

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business.

Each month or quarter we'll do the following things for you...

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

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.
  • Correct duplicate entires, omitted cash transactions, and data entry errors.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • 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 or fraudulent transactions presented to your bank,  you can relieve yourself of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough.

Income Statement

An income statement, otherwise known as a profit and loss statement, 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. Such as rent, phone, 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 an Accurate 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 free consultation on our Small Business Accounting Service, please complete this form.

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What Others Say

Abrams P.C. has helped me on real estate partnership tax matters and reporting for several years. They are dependable, timely and always catch my mistakes. I would highly recommend Abrams P.C. if you are looking for a CPA firm that will take good care of you! -Aaron Goldstein, Gold Group Realty

Our company has continued to work with Abrams PC year after year for our accounting and tax needs. I always know I’m getting my money’s worth, and I enjoy having the opportunity to work with the same people year in, year out. -Zach Zelickson, Tri-Z Properties Properties

I have been working with Danny for a few years now and he has been absolutely wonderful! His attention to detail, professionalism and thoroughness is something that I would definitely recommend to my friends/family!-Omer Abramovich