Practice Areas
Bookkeeping
Good Business Starts with Good Bookkeeping.
The cost savings start from within, and each service provided by Coastal Accounting is equally important to the overall bottom line of your business. Below is a list of what we can offer you:
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Income Statement
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Cash Flow Statement
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Balance Sheet
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Sales Tax Return Filing
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Bank Statement Reconciliation
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Credit Card Reconciliation
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Accounts Payable
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Issuance of 1099s
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Independent Review of Internal Controls
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Organization and Documentation of Financial Records
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Monthly, Quarterly & Annually Processing & Review of Financial Statements
Quickbooks Training
As Certified QuickBooks ProAdvisors®,Coastal Accounting helps our clients get maximum mileage from their accounting software.
If you’re a novice who’s just getting started, we can install your QuickBooks® software, set up the system, and train you and your staff on its use. Once you’re up and running, we can provide all the support you need to keep your accounts organized, accurate and current, making your quarterly and year-end tax preparation easier than ever.
We’re also available to answer questions and review your QuickBooks® file throughout the year to be certain you stay on track, ensuring that you’re in a position to grow your business with full confidence in the accuracy of your financial information. Read more about QuickBooks® support services.
If you’d like to learn more about how our professional advisors can help you make the most of your QuickBooks® system, call (401) 363-1662 to set up a no-cost, no-obligation consultation.
Our Advisors
Certified QuickBooks experts, known as ProAdvisors, are accounting professionals who have taken special training and passed certification exams for the family of QuickBooks products, including QuickBooks Pro, QuickBooks Online Edition, QuickBooks Enterprise Edition, and QuickBooks Point of Sale. They’re trained to help you choose the product that’s right for you, then help you set it up and use it properly.
For class availabilty please inquire.
Business Planning
A Strategic Business Plan is much more than a tool to obtain financing. If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction. It can ensure that your key leaders are all on the same page, and keeps both management and staff focused on the tasks at hand.
A Strategic Plan is often needed when...
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Starting a new venture, product or service
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Expanding a current organization, product or service
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Buying a new business, product or service
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Turning around a declining business
The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.
The plan allows you to...
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Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.
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Justify that your plans are credible by fully researching the need being filled with your new venture.
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Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines. You also get to examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns.
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Develop staffing plans including identifying the key players, skills, attitudes and expertise needed to build the venture.
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Develop management plans including full descriptions of management systems and timelines for implementation.
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Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years.
Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company's success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.
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Identify building and equipment needs including vendors and cost estimates.
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Formulate company milestones including timelines for upcoming products and services in development.
Remember: Failing to plan is planning to fail.
Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.
We offer a broad range of services to help clients secure a sound financial future.
Tax Preparation
Preparing your own income tax return can be a task that leaves you with more questions than answers.
According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
Here's what you get...
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Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
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Your tax return can be filed electronically so you will get a refund back quicker.
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Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
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We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year's tax liability.
Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.