Accounting
MF Tax Group pros know taxes.
Accurate and precise financial statements and tax returns are the key to profitable operations for any business, big or small. Finally, you can have the time to do what you do best, run your business.
An income statement allows you to...
Track revenues and expenses so you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability.
Income Statement
Balance Sheet
An Balance Sheet helps you...
Quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses.
Determine if you need to take immediate steps to bolster cash reserves.
Determine if you rbusiness has been slowing down payables to forestall an inevitable cash shortage.
Bank Reconciliation
Allows you to...
Identify lost checks, deposits and unauthorized wire transactions.
Detect and prevent unjustified bank charges.
Know how your business is doing.
Manage cash more effectively.
Protect yourself, timely reconcile and object to your bank about unauthorized checks presented to your bank.
Sleep better and peacefully at night knowing your bank accounts are in balance and that all escrow funds, checks and disbursed funds are properly accounted for.
Clean General Ledger
Is the core of your company’s financial records...
Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments.
We’ll fix the discrepancies so your books are always accurate and kept in tip top shape.