Over the years, we’ve worked with hundreds of small businesses and most of them will agree: By outsourcing their accounting and tax needs, they are able to focus on doing what they do best and maximize their chances of growing and succeeding.
At AJ Pope, we provide a wide range of accounting services for our small business clients through the preparation of a variety of financial statements, including balance sheets, income or profit and loss statements, and bank reconciliations. We can provide this information on a monthly, quarterly, semiannually or annual basis, depending on a particular client’s needs.
Small businesses often have staff for their day-to-day needs such as invoicing, accounts receivable and accounts payable. However, when it comes to the big picture and tax implications, it’s important to have an experienced and trusted professional to compile the financial information that you need and rely upon to run your business.
An expert will notice things in your financials that others may not—if you miss those, you could miss out on opportunities. Since the passing of 2018’s Tax Cuts and Jobs Act, the tax code is more complicated than ever. Coupled with a national deficit that is in the trillions of dollars, there will always be a threat of higher taxes. That’s why seeking assistance from talented accounting experts is so important—our team will help you achieve and maintain a level of success and growth.
Simply put, there are accounting and tax implications for nearly every aspect of your business. Contact us at 630.834.9500 or MJP@AJPOPE.COM to be certain you’re not only adhering to those implications but taking advantage of them so that you don’t miss out on any valuable tax breaks.
By allowing AJ Pope to manage your payroll, your small business will save money and time. While many employees now receive compensation via direct deposit—thus eliminating the need for check writing—there are still a variety of associated tasks to complete. These include factoring in benefit deductions, retirement plan contributions, health savings accounts (HSA), paid vacation, sick days and COVID pay, as well as the calculation of payroll taxes and preparation of Form W-2s.
We have extensive experience in assisting businesses with their payrolls, including both live payroll and after-the-fact payroll. We take advantage of our relationship with ADP and offer our clients reduced pricing and additional support.
Learn more about our payroll services and how they can benefit you by calling 630.834.9500 or emailing MJP@AJPOPE.COM.
Once a client is audited by the IRS, they often remain on the IRS’s radar screen for years to come. This is why it is so important to ensure that your company’s accounting books and tax returns are accurate, and that they comply with the law. A company’s books and records should provide an audit trail to help protect against any possible IRS audit.
The IRS isn’t the only governmental body that can factor into an audit—it happens on the state level, too. In Illinois, such agencies include the Illinois Department of Employment Security (IDES), Illinois Department of Labor (IDOL) and the Illinois Department of Revenue (IDOR).
There are also several different types of audits, including income tax audits, sales tax audits, payroll tax audits, and employee versus subcontractor audits.
Audits can be a daunting task to take on and you need to be certain that you are working with professionals with audit experience to help ensure your finances are in order. To understand the best path forward for your business, contact us at 630.834.9500 or MJP@AJPOPE.COM.
Banks typically want to see a company’s financials once or twice a year for line of credit, general loan, or other financial reasons. Outsourcing your bookkeeping needs to AJ Pope is one more way to reduce your workload, save time and achieve peace of mind.
Providing your company’s bank statements and other financial documents allows our team to utilize QuickBooks and generate bank reconciliations, balance sheets, income statements and other reports that illustrate cash flow management.
Focusing on your business is important, as is knowing your books are precise. We’ll enable you to do both. Find out more about how we can help by calling 630.834.9500 or emailing MJP@AJPOPE.COM.
As a QuickBooks Certified ProAdvisor, we continue to explore and learn new ways to deliver for our clients. While this ongoing training allows us to become experts at using QuickBooks—a cutting edge accounting software program—it also sharpens our overall accounting skills and better positions our staff to assist you in meeting and exceeding all of your goals.
AJ Pope also provides Notary Public services. By screening the signers of important documents for their true identity, their willingness to sign without duress or intimidation, and their awareness of the contents of the document or transaction, our staff acts as the impartial witness you need to ensure a professional, confidential and safe process.