Our Services

 

At Traci B. Cash CPA, LLC, the careful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.

We provide a full range of tax and accounting services for our clients and offer consulting services for special needs.

Tax Services

At Traci B. Cash CPA, LLC, we assist our tax clients through efficient compliance and effective planning.  We focus on timely communication to provide our clients with excellent service.

We offer the following tax services:

Federal, State, Business and Individual Tax Services

Tax Return Compliance

Preparation of federal and state tax returns is the core of our tax services. Technical and industry specific expertise ensure our clients’ tax returns are prepared efficiently and timely.

Accounting Method Reviews

We review businesses’ tax accounting methodologies for proper accounting and accounting method strategies to maximize income tax benefits.

State and Local Tax Specific Services

Nexus Consulting and State Tax Liability Analysis

We can help you understand and navigate where your business is required to file and pay state and local taxes based on multistate activities.  Additionally, we will make recommendations of where to file and quantify potential tax liabilities associated with various state and local jurisdictions.

Sales and Use Tax Determination

We can assist you to understand the sales and use tax consequences of specific transactions and ensure you meet any filing requirement.

Tax Planning Services

Federal Income Tax Planning

We aid businesses with all aspects of federal income tax planning.  This includes implementing federal income tax strategies that maximize savings, increase profits and manage cash flows. 

State and Local Tax Planning

Knowledge of the structural and transactional underpinnings of state and local regulations in ways that allow us to create solutions that mitigate tax liabilities. We provide state and local tax planning in the following areas:

• Income tax
• Franchise tax
• Sales and use tax
• Property tax
• Other miscellaneous taxes

Tax Updates

We keep our clients up-to-date on the latest federal and state tax issues through newsletters, website postings and face-face to meetings.  By staying ahead of tax issues and we can communicate how they will impact you operations quickly and address them in a timely manner. 

Individual Tax Services

When it comes to individual taxes, change provides opportunity.  We keep on top of these changes to provide you with the best advice and strategies, especially through planning opportunities.  You can depend on us for objective guidance and personal attention.  We believe in focusing on your long-term financial goals and steering your current needs in a direction to meet them.

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Accounting Services

Accounting Services for Small Businesses

We provide services to assist business owners effectively manage their business while allowing them to focus on  their core competencies - generating profits and running their business.

• Record financial transactions
• Reconcile bank accounts
• Prepare an Income Statement and Balance Sheet monthly
• Clean up general ledger accounts
• Payroll services
• Provide consultation as needed

Outsourced Accounting Services

For clients desiring to completely outsource their accounting services, we can arrange to be present in house on a regularly scheduled basis to complete routine accounting services such as management of payables, receivables, payroll, bank reconcilliations and financial statement preparation.  This level of service is ideal for small associations and professional firms who lack the support staff to facilitate their own accounting services, or who desire to outsource for cost and/or confidentiality reasons.

Compilations

Compilations provide a level of assurance of the financial statements lower and less costly than audit and review services.  They are often required by outside third parties as well internally by companies.

In a compilation we assist management in presenting their financial information as financial statements in the proper form.  Compilations also require us to acquire an understanding of the client’s industry and to obtain specific knowledge about the client.  Additionally, we read the financial statements and ensure they are free from obvious material errors.  They provide no expression of an opinion on the financial statements.

Agreed Upon Procedures

Agreed upon procedures are performed when the parties involved concur that they want the accountant to perform a specific procedure or set of procedures.  They can be useful when you or a third party wants some comfort about a specific area such as inventory or cash, but do not need the assurance and related time and expense of a full audit or review. Agreed upon procedures can deal with a diverse variety of subject matter such as the quality of collateral or due diligence related to a business acquisition. In all cases, agreed upon procedures are solely the responsibility of the parties who specify them and they never provide an opinion on the subject matter or financial statements.

Visit our set of Financial Calculators for quick answers on topics such as your IRA, investments, your child's college tuition, and your mortgage or credit card calculations.

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Consulting Services

At Traci B. Cash CPA, LLC, our business is to know and understand your financial situation.  We offer services beyond compliance and combine our experience, expertise and knowledge to add value as a trusted advisor to your financial situation.

We offer the following consulting services:

Financial Processes

Every organization can benefit from being introspective, skeptical and analytical regarding their finances.  We work with organizations to develop the predictive capabilities necessary to adapt to rapid changes and outperform their peers.  Specifically, we can help you with:

• Enhance cash management through working capital optimization and better capital allocation.
• Improve finance operations by focusing on operational effectiveness, financial analytics as well as budgeting and forecasting.
• Enable efficient regulatory compliance.
• Effectively manage risk by identifying sources and improvements to mitigate high risk areas.

Business Planning

• Business entity selection
• New business formation
• Purchases or sale of a business
• General business planning

Check out our Newsletter for the latest article on Financial Planning.

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