In simple terms, Accounting is how businesses monitor their finances. It involves writing down all the money they make and spend, so they can see how much they have.
Accounting helps businesses figure out if they are earning a profit or facing losses. It’s like keeping a detailed diary of all the money coming in and going out, so that business owners can make informed decisions about spending, saving, and planning for the future.
Overall, accounting ensures that everything is organized and accurate, which is important for running a successful business and for reporting to tax authorities.
In simple terms, bookkeeping is the process of recording all the financial transactions of a business. This includes keeping track of money coming in (like sales) and money going out (like expenses).
Bookkeepers make sure that all these transactions are organized and up to date, so the business knows exactly how much money it has at any given time. Essentially, bookkeeping is about maintaining accurate financial records to help the business run smoothly.Top of Form
We support all major accounting programs including Quickbooks (Desktop and Online), Peachtree, now SAGE, Xero, Freshbooks and a few others.
Total payroll services for business clients to include: Set up, maintenance of all records, time sheets, withholdings, benefits, contributions, Federal 941 & 940, State tax filings, issuance of checks, W-2's and 1099 forms.
One of our core specialties is the preparation of tax returns for individual taxpayers.
Fractional CFOs do more than deliver financial insights — they mentor your finance team to raise skills, improve financial literacy across departments, and build internal capacity. That means faster, smarter decision‑making, clearer performance ownership, and measurable improvements in cash flow, forecasting, and profitability.
We speciliaze full-service Advanced Accounting — from CFO-level oversight and strategic planning to hands-on mentorship. Beyond expert tax preparation and planning, we provide proactive advisory services and, when needed, tax resolution and representation.
Tax problems are stressful — you don’t have to face them alone. Tax resolution means a qualified professional (Enrolled Agent, CPA, or tax attorney) works directly with the IRS or state tax agency to resolve outstanding issues and protect your assets.
Common issues we handle
- Unfiled tax returns
- Audit representation for complex returns or missing documents
- Transcript analysis to identify liabilities and opportunities
- Penalties and interest mitigation
- Back taxes owed
- Offers in compromise
- Currently not collectible status
- Installment agreements
Why bring us in
- We stop escalation and limit added penalties and interest.
- We negotiate directly with tax authorities so you can focus on running your business.
- We build a clear action plan and handle paperwork, deadlines, and representation.
The Accounting Group, LLC has the experience and tools to resolve your tax issues quickly and confidently.
Contact us to schedule a confidential consultation.
Tax planning is the practice of reviewing a financial situation or strategy to decrease tax liabilities while ensuring adherence to tax laws. It requires making informed choices about income, expenses, and investments to take full advantage of available deductions, allowances, and exemptions, with the aim of legally minimizing tax payments.
319-883-3500 info@theaccountinggroup.biz