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FINANCIAL SERVICES

  • Accounting Services  

  • Reviews and Compilation

  • Business Funding

  • QuickBooks Accounting Help and Assistance

  • Entity Selection and Restructuring

  • Payroll Services

  • Cash Flow and Budgeting Analysis

  • Tax Preparation 

  • Assurance and Advisory Services

  • Bookkeeping/Write-up

  • IRS Representation

  • Financial Projections and Forecasts

  • Debt and Finance Advising

Income Tax Services 

We offer Federal Income Tax Reports and Multi-State Income Tax Reports all year round along with electronic filing for Federal and State to get your refund as fast as possible. You may choose to receive your tax refund in the form of a Check, a Direct Deposit or Visa card. 

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Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Thomas Financial Services accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system 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 annual)

  • Accounting system setup and support

  • Payroll processing

  • Cash flow budgeting and forecasting

  • Personal financial statements

  • Employee benefit and profit-sharing plans

  • Corporate tax planning and return preparation

  • Litigation support 

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Assurance and Advisory Services

At Thomas Financial Solutions, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

  • Reviews and compilations

  • Entity selection and restructuring

  • Accounting software selection, implementation, and support

  • Business valuations

  • Financial projections and forecasts

  • Debt and finances advising

  • Mergers and acquisitions

  • Transaction structuring and negotiations

  • Business succession 

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Reviews and Compilation

Thomas Financial Solutions financial statement services comprise two levels of assurance depending on your company's needs

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

 

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

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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. We don't just help you use the software, we help you use it more efficiently and more effectively. Thomas Financial Services offers the following solutions to help meet your QuickBooks needs:

 

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

 

Installation

We 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: Easy Step Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

 

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but 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. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassification necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business. 

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Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Thomas Financial Services can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

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Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Thomas Financial Services can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

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IRS Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

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Business Funding

Thomas Financial Solutions provides small businesses with access to fast and affordable business term loans to refinance existing business debt, buy new equipment, purchase inventory, launch advertising programs, hire new team members or simply improve everyday working capital.

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Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Thomas Financial Services 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.

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Debt and Finance Advising

Whether your needs are corporate or personal, Thomas Financial Solutions  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 deduction savings. Even if you are able 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.

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