Dalton Tax & Accounting Services
Tax Management Services
At Randy Carroll, CPA, we help guide our clients through all phases of tax planning and preparation that help to minimize your tax liabilities, maximize your cash flow, and keep you on track for your financial goals. We have over 40 years of combined experience. Our experience, along with our expertise, analysis and research allow us to optimize financial opportunities that can be found in existing, as well as, recently altered and tax laws. We keep up to date on the tax code and all changes. We can help you manage that pile of receipts, bills and notices to keep your stress level at a minimum.
From new business start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on and capitalize on new opportunities. Randy Carroll, CPAs accounting services guide you to get closer to these goals with accurate record-keeping and reporting, as well as, support on financial issues such as initial accounting setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include, but are not limited to:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annually)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Corporate tax planning and tax return preparation
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Randy Carroll, CPAs’ role is to help you navigate the complex and ever-changing tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan, documented in a will, as to how to disburse one’s estate so as to avoid complications and to be sure that your wishes are followed. Having your taxes and estate thoroughly and carefully planned and documented will ensure that your loved ones don’t have any issues or complications to deal with during a time of loss.
Financial and Retirement Planning
Randy Carroll, CPAs’ goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning.
IRS Representation and Offers in Compromise
No one wants to take on the IRS by themselves. Randy Carroll, CPAs will be there for you, from receipt of the first letter to the final determination. Our experience with tax authorities enables us to guide you through dealing with federal and state agencies. If you have been chosen for an audit, the professionals at Randy Carroll, CPAs can represent you and alleviate most of your worries. We are ready, willing, and able to answer any and all questions the IRS may be asking of you. If you have past due taxes, penalties, and interest, we may be able to work out an Offer in Compromise with the IRS for a fraction of the amount due. These cases are decided on a case-by-case basis. Randy Carroll, CPAs can assist and handle the negotiations and paperwork required for an Offer in Compromise.
Keeping accurate records is an essential part of a successful business. However, it can be a complicated and time consuming process. Randy Carroll, CPAs can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on business operations.
Entity Selection and Restructuring
Your business has a large impact on your taxes and other liabilities. From start-up through its growth and inception, Randy Carroll, CPAs can advise you on choosing an entity type and restructuring later, if it proves to be advantageous. With the knowledge and expertise of our associates, you will always be receiving the most advantageous entity type for your business.
QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports, and graphs. However, it can only provide this information if you purchase the right product and then install, setup, and use it properly. Not only do we help you use the software, we help you use it more efficiently and more effectively.
Randy Carroll, CPA offers the following solutions to help meet your QuickBooks needs:
Personal Training – We train you personally!! Either as a group or one-on-one, we will tailor training to the needs of your business.
Installation – We will install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
Setup – We assist new QuickBooks users with initial setup including: Company Information, Chart of Accounts, Customers, Vendors, Employees, Banking, and Reports. We also help more experienced users manage their business more effectively by improving their current setups and processes. It is extremely important to have a proper setup of your accounting program to be able to generate and track important information.
Support – Our QuickBooks support service can assist you with any installation, setup, or operation assistance you might need. Our support is not limited to the software part of operations. We can also provide accounting and payroll assistance.
Review – Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts, and reports. Our review ensures that you receive relevant, timely, & reliable financial information. We will also inform you of any reclassifications, corrections, or adjustments that we deem necessary to ensure that the financial information you receive reflects the correct financial condition of your business. You may have review conducted at any time, but monthly reviews provide you with current up-to-date information and feedback about your business.
As technologies rapidly advance, companies increasingly need to update their computer systems. Randy Carroll, CPA can review your system competencies and gauge upgrade needs as well as provide support in choosing and implementing new hardware or network systems. As experts in this field, we can put your computer problems at bay, as well as, improve your computer system’s performance, taking into consideration any budget you may have.
Randy Carroll, CPA’s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment, and preparation of tax returns.
Cash Flow and Budgeting Analysis
Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Randy Carroll, CPA can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business’ ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business’ success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can benefit from planning for it. Randy Carroll, CPA combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company’s success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detained financial models.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, Randy Carroll, CPA can provide professional know-how to help you successfully structure and negotiate the deal. Randy Carroll, CPA employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
Debt and Finance Advising
Whether your needs are corporate or personal, Randy Carroll, CPA professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax reduction savings. Even if you are to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.