Business Development
Tax Services
At Palguta, Yutzy & Company, we prefer to take a proactive vs. reactive approach to tax services.
By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.
We provide our individual and business clients with the taxation expertise and knowledge they deserve throughout the year. The tax services we offer include, but are not limited to:
- Tax Planning and Return Preparation
- Individuals
- Businesses
- Sole Proprietors
- Corporations
- Partnerships
- LLCs/LPs
- Estates, Trusts, and Gift
- Not-for-Profit Organizations
- Taxing Authority Representation
- Divorce and Support Issues
- Tax Effects of Buying/Selling a Business
IRS Representation
We have had many years of experience with a range of taxing authorities. Our team has achieved a level of competence that can ensure our clients are being properly represented before the various federal, state and local tax agencies.
Estate Planning
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We will guide you through the complex process of getting your financial affairs in order.
Bookkeeping
Our team includes a Quickbooks ProAdvisor specializing in software and processes support. We can provide on-site set up, education and training on QuickBooks accounting software, as well as in payroll processing. We also offer payroll preparation and/or full service bookkeeping services.
Meaningful, well organized financial records ensure your business operations will run more efficiently, provide quality reports for management and aid in accurate tax preparation. They are the foundation of a successful business.
Payroll Services
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient and effective payroll system.
Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities.
We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner, including electronic registrations.
Business Entity Selection
Choosing the form of entity for your business (e.g., “S” corporation, sole proprietor, Limited Liability Company) is a crucial decision that can have longstanding tax implications, positive or negative.
We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Buying and Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has the experience to guide you through the acquisition/disposition process by addressing issues such as cash flow analysis and tax considerations.
Audits, Reviews, and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions to maximize your company’s profitability and efficiency.
PY&Co.provides financial reporting on all three levels of assurance:
- Audit – an intensive examination with the highest level of assurance
- Review – some analytical procedures conducted with limited assurance
- Compilation – based upon client information provided and used primarily for internal use
Financial Statements
We can assist you in the preparation of your financial statements in accordance with professional standards, expressing no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful management tool for making financial decisions.
Financial Forecasts and Projections
Forecasting is a necessity to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company’s financial goals.
Cash Flow and Budgeting Analysis
Even though a business may be profitable, it can still run into problems due to cash flow issues. We can evaluate your business’s cash flow and provide a budget analysis.
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long term objectives and specific strategies to facilitate your business’ future growth and success.