Located in Westerly Rhode Island, FJ & Associates is committed to helping your business grow and succeed. Payroll services are a fundamental aspect of any company. This is the root of its stability and needs to be done correctly. Our experienced staff will set up and monitor your payroll service and keep it running smoothly. We are also trained in catching and fixing any mistakes before they can become a bigger issue. Having these tools at your disposal is good for business. Our dedicated service team is here for your business growth and success. Our team has a proven track record of reliability and accountability. Our services can benefit both large and small businesses because we cater to your specific needs. We have a mission to help you grow your company by taking care of your tax and accounting needs. We enhance our client’s experience by providing high-quality services. For the last six years, our team has helped our clients improve their business and see their dreams come to fruition.         

Comprehensive Tax Preparation Services in Westerly, RI

We assist you in precisely estimating your monthly and annual revenue. Next, we apply our knowledge to accurately assess the parts of your income that are subject to taxes. It’s critical to comprehend what income is and is not taxed. We can lower your overall taxable income by utilizing all available deductions. You will obtain the highest returns if you manage your investments wisely and structure your compensation appropriately. We also use our expertise to assess your eligibility for an Offer in Compromise. You will get a portion of your debt reduced if you are eligible for an Offer in Compromise. This settlement resolves tax liabilities for less than the entire amount initially due and is made between the Internal Revenue Service and you, the taxpayer.

Business Tax Planning: 

When it comes to avoiding penalties, we are your best ally. Underpayment and late tax payments are subject to penalties from the IRS. In addition, predicted tax payments that should have been made qualify for these penalties. Having said that, you and your company will never experience this when using our services. Payroll, bookkeeping, and accounting services may be outsourced to save you time and stress. You’ll operate more effectively. Having the proper personnel with experience handling your accounts will really make a big impact.

Certified Quickbooks Specialist: 

The most crucial step in ensuring the accuracy of the figures in your financial records is reconciliation. Two sets of records are compared to one another in this accounting procedure. Reconciliation demonstrates the accuracy, consistency, and completeness of your general ledger.  Because this procedure is essential to guaranteeing the accuracy of your company’s financial accounts, we always advise hiring an expert to complete it. The only method to ensure the accuracy of your accounting records is via reconciliation. It is essential to your company’s month-end closing procedure. One dependable method of internal control is checks and balances. Checks and balances is a reliable form of internal control. For cash accounts, this process helps prevent fraud and embezzlement from occurring. When reconciliation is taken care of on a regular basis, this type of activity can be halted before it has a chance to get out of control.  

Contract Controller and CFO Services: 

A Chief Financial Officer is a senior executive who is responsible for managing the finances and financial actions of a business. This executive is in charge of tracking cash flow, financial planning, and analyzing the company’s financial strengths and weaknesses. Using gathered data from your business, a CFO then offers corrective actions based on reliable information. All of this is done in a timely manner with high accuracy. To address your financial needs, we use our knowledge as certified public accountants. Accurate reporting and transactional transparency is what we offer. The following business models and endeavors are covered by our CFO service: start-ups, mergers and acquisitions, raising funds, and more. We provide bookkeepers and an account staff in addition to our qualified CPAs. A senior executive who oversees accounting is known as a financial controller. They are in charge of supervising the financial report preparation. Income statements and balance sheets are included in these reports. Financial controllers possess the expertise to assess technological services for use in the finance department.  

CPA: Since every business is different, we take the time to go over the specifics of our services with each customer. The most crucial thing to remember is that although our services may seem overwhelming, we are more than capable of handling your finances and your business. To make things easier for you, we also know when and how to execute each service in the most advantageous way. We can represent you before the IRS if your company is dealing with a tax problem or an audit. On your behalf, we can also reply to inquiries from the state or municipal tax board. We can provide you advice on how to reduce the impact of any tax issues you may be having on your company. We also use our skills to prevent audits in the future. 

Payroll Service: 

A dependable and superior payroll service is essential to your company’s success. It is expected that you will pay your staff on time and in the appropriate amount. If a business doesn’t comply, the local wage and hour department or the Wage and Hour Division (WHD) of the Department of Labor (DOL) may conduct an inquiry. This source is available for employee complaints at any time. An ongoing inquiry is costly in terms of both time and money, and it can damage a company’s reputation. This is prevented by using a payroll system that computes each employee’s payment automatically. If mistakes do happen, they may be swiftly corrected, and it won’t have a detrimental effect on your company. By allowing us to create and monitor your payroll system, we can keep track of financial records and make any needed changes in a timely manner. At the end of the day, having loyal employees is only possible if you take care of them and make minimal mistakes when it comes to their paycheck.