We are here to guide your organization, in whichever industry and promote growth that benefits your bottom line.
– Profirm Consulting Group
Consultancy
We are here to guide your organization, in whichever industry and promote growth that benefits your bottom line. Get solid answers right away! If we don’t have the competency, we will tell you that as well, Low risk, high reward! We are business consultants first and accountants second.
Far too often garden-variety CPA’s are simply compliance-oriented and are not a client advocate by helping owners understand general principles and subsequent business tax deductions.
We have a few objectives when engaging with small business owners.
- Assist business owners in appreciating the financial landscapes of their business and add expertise and comfort to operational decision-making.
- Have our business owners understand how the numbers of a tax return come together and what they mean so together we can improve tax planning.
- Put business owners in better IRS-compliant positions to minimize tax consequences and keep more money in their pockets.
- Help owners leverage more from their business and apply those benefits to everyone, including family.
Services
Revenue Cycle Management
We do this by delivering accurate bills, on time all the time. Please click here for more information on what distinguishes us as a premier Revenue Cycle Management services practice. (Click here for more information
We create an LLC, partnership, or corporation. Our task will include Articles, EIN, Operating Agreement, S Corp election (if necessary), and consultation to help you launch your venture.
We can have your entity taxed as an S corporation. We also easily perform a late S-Corp election. You can quickly save 8 to 10% on your net business income by reducing self-employment taxes! Yay! The S-Corp election takes your LLC and changes the way it is taxed and reduces self-employment taxes.
S corporation does not exist as an entity. Some other underlying entity must exist, such as an LLC or corporation, that then chooses to be taxed as an S Corp. Reducing your self-employment taxes is the main reason business owners want to be taxed as an S Corp. There are some issues such as payroll, corporate tax return requirements, and passive incomes.
Doing business is complicated enough. A Registered Agent service gives you the convenience, reassurance, and accountability to help manage your vital legal documents and avoid complications or errors. Every LLC or corporation is required to have an official Registered Agent (sometimes called a statutory agent, resident agent, or agent for service of process) in each state where it does business. A Registered Agent serves as a permanent physical presence in the state, and the Registered Agent address is where the state government can contact you with legal and tax correspondence, including franchise tax forms, notices of litigation, and required annual report forms.
Registered Agent services help you avoid the hassles and inconvenience of managing all of your own documentation from the state. They also help preserve your privacy by setting up a public-facing address for your business that is separate from your home.
Profirm Consulting Registered Agent service also helps you stay on top of deadlines (such as required annual reports) to keep your business in good standing.
Our mission is to help companies win government contracts. For small business certifications, we provide the industry’s most valuable education and training services on the market.
When it comes to small business certifications, it’s critically important that you understand the value of certification. It’s equally important that you understand that being certified doesn’t automatically have money rolling-in. A certification, without having business strategies for marketing, teaming, and sales, will not help you win contracts.
We help companies obtain the following small business certifications:
- 8a Business Development Program (minority and socially disadvantaged)
- Woman-Owned Small Business (WOSB)
- Veteran Owned Small Business (VOSB)
- Service Disabled Veteran Owned Small Business (SDVSOB)
- Historically Underutilized Business Zones (HUBZone)
Our primary focus is business consultation, deduction optimization and tax return preparation. Our bookkeepers and accountants will prepare, review and file sole proprietor, LLC, S Corporation and C Corporation business tax returns, ensuring that you meet the government’s filing requirements. Please note that we do not file or calculate sales and use or other types of business tax, other than your overall business tax return for your state and the IRS.
Determining the value of a small business or franchise is not easy. It is not a standard metric found on a Profit and Loss or Balance Sheet. Understanding the true value of a business is one of the most important aspects of making key financial decisions. Getting the value wrong can mean paying more or selling for less than a business is worth. But with the right information and the right guidance you can make these decisions with confidence.
Profirm Consulting group offers a lot more than just a tax return.
We offer Tax planning strategies commonly addressed in December as small business owners and other taxpayers start to freak out about bringing in the New Year. Tax planning is ongoing fluid AND dynamic, and it should be performed methodically throughout the year. The uneasiness of not knowing your tax obligations is avoidable!
Operating in planning mode throughout the year allows for better decisions and better tax savings. Tax planning is a valuable service that most tax professionals don’t readily offer. It is included in our Business Advisory and Tax Services, including standalone Tax Plans. Let’s do some tax planning and see if you should spring for the new car or stick with the lightly used one.
Your tax preparation is not dependent on the number of forms used to prepare your tax returns. That’s old school. Rather your taxes are dependent on time required to prepare your tax returns accurately and comprehensively. Let’s not forget basic disorganization, advanced disorganization, disguised disorganization and misrepresented organization which all can increase your tax preparation fee.
The strongest reason for using a small business accountant is you do what you do best with your time. Let us do what we do best with ours.
We provide accounting, payroll, tax preparation and small business consultation. Our approach to accounting ensures that:
- you understand how your business is performing,
- you compare your business to your peers (competitors),
- we provide accurate tax planning, and
- you minimize your tax burden.
Banks, lenders, and IRS agents prefer accounting records and financials that have been prepared by a specialized small business accountant. We review financial records every day and can quickly spot accidental inconsistencies and errors.
At Profirm Consulting Group we offer payroll services in a variety of forms and functions, and we tailor the system to your needs.
Profirm Consulting Group is full-service tax consultation and business advisory firm focusing on small business accounting services.
A business line of credit is a flexible financing solution that allows you to have money waiting in the wings for when you need it most. It’s the perfect product for businesses that have a mismatch between their income and expenses and is often sought out by inventory-heavy businesses.
We source lenders who will lend to borrowers who may not otherwise be able to get a bank loan either because of credit issues or because they need the loan in a much shorter time than a bank can process. All debt options are secured by the property being developed. Typically, investors receive a share of accumulated interest paid by the borrower. Investors may prefer this option over equity crowdfunding because mortgage payments are always made before dividends are made to equity investors.
The advantage you have working Profirm Consulting Group is that we have access to many lenders to whom we can present your financing needs at a very short notice.
Get help with any of the services above
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