Our Services
Tax Preparation
Minimizing income taxes requires constant education in and monitoring of a steady stream of legislative changes. This is what makes an experienced tax professional so essential. We specialize in providing business and personal income tax strategy and implementation. Our philosophy of advanced customer service leads us to build long-lasting relationships with our clients—relationships that allow us to truly understand and meet your unique tax needs.
In addition to tax planning and preparation, Elite Tax Specialist offers assistance with tax problems such as back taxes, non-filed tax returns, liens, levies, seizures, garnishments, and IRS payment plans. As an EA, Sylvia Wheeler is qualified to represent clients before all administrative levels of the IRS.
Full-Service Bookkeeping
As your strategic partner, Elite Tax Specialist is dedicated to providing innovative accounting solutions for your small or mid-sized business. We understand that your success depends on freedom from distractions. Many business owners find their books to be a dreaded chore—a task that is left until the last minute and rushed to completion. However, improper or delayed financial information makes it very difficult to assess the health of your business. It can also increase your costs substantially at tax time.
We offer a number of accounting services including bookkeeping on a monthly or quarterly basis, financial statements and general ledgers analysis, data entry, bank reconciliations, accounts payable and receivable, and more. We can generate a number of reports for your review including P&L statements, balance sheets, and other custom documents.
Payroll and Payroll Returns
Whether you have one employee or 50, ensuring staff are paid correctly and punctually is a must. Yet, processing payroll is only half the battle. Your business is also responsible for submitting weekly or monthly payroll tax deposits; completing 941s and RT-6s; generating annual W-2s, W-3s, and 940s; garnishing wages as necessary; managing sick leave and vacation pay; and maintaining minimum-wage compliance. These tasks can be overwhelming for the average entrepreneur who would rather focus on growing his or her business.
Elite Tax Specialist offers comprehensive payroll services on a weekly, bi-weekly, or monthly basis. You can trust us to ensure that your payroll is direct deposited on-time, every time, and that your company is complying with all local, state, and federal regulations.
QuickBooks Training
Accurate record-keeping is essential for running a lucrative business. As such, QuickBooks software installation and set-up plays a crucial role in your success as a small business owner. It is also important that you understand how to use this software correctly so you can avoid costly and time-consuming errors down the road.
Elite Tax Specialist can help you get the most out of your software investment. We offer assistance with QuickBooks installation and file set-up, personalized hands-on QuickBooks training, and ongoing account and program support.
Sales and Use Tax
As any business that has gone through a sales and use tax audit knows, this procedure can be incredibly time-consuming and expensive, wreaking havoc on the company’s financial health. Large assessments for uncollected sales tax, under-accrued use tax, interest, and penalties can put a devastating financial strain on a small business.
Sales tax rules and rates change all the time. We can calculate these rates and make sure you stay up-to-date on your obligations. Small business owners rarely have extra time to register for sales tax numbers, prepare and file sales tax returns, and remit sales taxes. Increase your business’ efficiency by offloading these processes, knowing you are in safe and trustworthy hands.
New Business Advisement
Starting a new business is an exciting undertaking. Yet, it can also be nerve-wracking when you consider all the important decisions you must make. Will your new business be a sole proprietorship, an LLC, or a corporation? What licenses does your new business require, and how can you attain them? How can you create an effective business plan? Who will be on hand to answer your questions when they arise? These are but a few of the many considerations for new business owners.
This process can feel overwhelming, but it doesn’t have to be. We have helped to create a wide variety of new entities over the years, entities that grew into thriving and profitable businesses. Elite Tax Specialist stands ready to offer the guidance and support you need, helping you build a foundation of success.