SMALL BUSINESS ACCOUNTING SERVICES

Small Business Consulting

Our small business consulting services will encompass the life of your business and will include almost all of the services we provide here at Lawrence and Lawrence, PC -- entity selection, tax planning, software consulting, retirement planning, succession planning, business valuations and estate planning, to name a few.

Buying or Starting a Business
At the "birth" of your business, we can help you decide what type of entity is best for you, and help guide you through the process of applying for licenses and identification numbers, etc.  We can help you obtain start-up financing and help you set up your accounting system and internal controls... even help you choose your accounting software and train your bookkeeper.

As the years go by, we can help you obtain new financing as your business grows and your working capital needs increase.  We'll assist you with your big questions: "Should I buy this machinery or lease it? Which of my product lines are really making me money? How can I sell my building and buy a bigger one without paying taxes on the sale?"
Even little questions, like "Do I have to withhold FICA taxes on my teenage son who is working for me on the weekends?" Or, "How do I post this refund I received from my insurance company?"

We will also help you plan for those things you don't want to think about -- obtaining adequate life insurance tied to buy/sell agreements to insure that the company can continue operations if something should happen to you; how to structure your asset portfolio so your assets will pass to your heirs as smoothly and unencumbered as possible, etc.

Selling a Business
At the end of your business's life, we'll be there to guide you also.  Should you decide to sell your company, we can help you determine the value of the business and how to arrange the terms of the sale to minimize your tax burden.  Should you decide to pass on your company to your heirs, we can help you determine the best way to accomplish this from both a tax standpoint and in consideration of family dynamics.

Audits

Audits are performed to provide assurance that financial statements are materially correct and conform to accounting principles generally accepted in the United States of America.  Amounts in the financial statements are examined on a test basis, and the accounting principles and significant estimates made by management are evaluated.  Audits are generally performed when requested by the client's banker, bonding agent or regulatory agent.  We specialize in providing auditing services for non-profit organizations and for-profit companies.

BOOKKEEPING + PAYROLL SERVICES

Daily Bookkeeping Services

If you need a bookkeeper but can't find someone to fit your requirements, we can help fill that need.  Our Accounting Services Department can handle most of your daily bookkeeping functions. 

The daily bookkeeping services goes hand-in-hand with our live payroll processing, monthly bookkeeping, tax return, financial statement and consulting services, in providing a complete solution for your accounting needs.

Live Payroll Services

Send us your daily or weekly time sheets and we'll do the rest. Our Accounting Services Department will cut your payroll checks, inform you of all required payroll tax deposits and withholding payments due for each pay period, and prepare all required payroll filings -- quarterly reports, W-2's, new hire reporting, etc.

Monthly Bookkeeping / Write-up

Our bookkeeping / write-up staff provides general monthly accounting services including the posting of transactions and general ledger maintenance, bank reconciliations, payroll tax returns, sales tax returns, compiled financial statements, W-2's and 1099's, etc. 

We also provide annual accounting services for our clients, which consist of helping them prepare their general ledger, or adjust their books and records in order that tax returns and financial statements can be prepared.

Our staff also provide accounting support to our clients for their various software programs -- QuickBooks, Peachtree, etc.