Collab CMA Services
Consulting
Managing
Advising
E-mail: clients@collabcmaservices.com
Office Number: (844) 404 - 2835
Fax Number: (844) 325 - 0432
Client Login: Collab web portal
CLARITY
Evaluating and analyzing an operation's financial performance and position is a key component to effectively manage a business. We help our clients better understand financial reports and assess their business. Ultimately, our goal is to provide our clients financial clarity to allow them to make informed managerial decisions and proactively strategize towards meeting long-term and short-term business objectives.
ORGANIZATION
A lot of business owners struggle with keeping their accounting books organized and financial records in order. This hampers their ability to produce useful financial reports and furthermore impacts management's decision making capabilities. Collab can assist small business owners with routine bookkeeping tasks or guide your in house bookkeeper to ensure your accounting transactions are classified timely and correctly.
TECHNOLOGY
Accounting software packages geared towards small businesses have evolved immensely in the last several years. The evolution has enabled improvements in accounting tasks efficiency and hence productivity. We work with our clients to assess they're accounting practices/processes, identify inefficiencies and make best practice recommendations. We aim for our clients to attain optimal use of their current accounting applications and ensuring that these applications are still well suited to support the client's operation.
RISK MITIGATION
In many instances tax audits are triggered by inconsistencies and abnormalities reported by taxpayers. One of our primary goals is reducing the risk of these tax audits by informing our clients of common red flags and recommending ways of mitigating these triggers. Assessing our client's financial exposure as it relates to their insurance policies and managing their annual audits is another component of our audit management services. Finally, we also offer internal audit services to determine internal controls adequacies and evaluate accounting procedures.
Accounting & Audit Management
PLANNING
Proactively planning for the various tax obligations businesses are commonly subject to, should be a part of every organization's overall periodic budgeting/forecasting process. From a compliance perspective, it's extremely imperative to identify registration requirements as well as becoming aware of filing & payment due dates. We share our knowledge of federal and state & local regulations with our clients and partner with them to implement a tax compliance conformity strategy. The lack of a well designed tax plan can lead to adverse circumstances and the disruption of an organization's financial goals.
PREPARATION
Preparing and filing tax returns can be extremely overwhelming and complex, especially for multi-state enterprises. As previously covered, implementing a well thought out tax plan is a prerequisite in determining an organization's tax filing obligations. Collab advises their clients of their various tax filing requirements (income tax, sales tax, payroll tax, informational tax forms) based on a number of factors, including business entity type, industry, state of formation and state & city nexus regulations. Our firm is adept in the preparation of business federal and state & local tax forms.
RESPRESENTATION
Unfortunately, many small business owners are so consumed with other areas of their operations, that they fail to implement effective accounting management processes and neglect their tax compliance responsibilities resulting in past due tax returns, delinquent tax debts, tax audits, tax liens and/or tax levies. Collab's experience is extensive in resolving delinquent tax matters for businesses and individuals. We are certified to represent taxpayers before the Internal Revenue Service and state & local jurisdictions.