Tax planning and tax preparation strategies that minimize your tax liability maximize your cash flow and keep a focus on your financial goals. Opportunities generally can be found in existing as well as recently changed tax laws. You want experienced, receptive involvement as well as consideration for your particular financial picture.

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. John F. Lynch, P.C., CPA's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

• General ledger and financial statement preparation
• Accounting system setup and support
• Employee benefit and profit-sharing plans
• Corporate tax planning and return preparation
• Litigation support

JFL primarily assists its clients in establishing their own accounting systems to provide necessary information. We can process bookkeeping reports and provide you with starting balance sheets or help in transitions to get you to where you want to be.

The goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. JFL does not offer comprehensive financial planning but typically works with other advisors who specialize in investments. We alert you to opportunities for retirement funding from your business or other earned income. Also we discuss estate and business succession planning.

You generally have choices of which specific form of business you operate under. The exact business entity has a big impact on your taxes and other liabilities. From your company's inception through its growth and development, JFL advises you about the different entity options you have and the benefits or pitfalls of each. This is a joint discussion for us to pursue because your objectives for now and the future all play a role in this decision.

JFL alerts you to tax-saving opportunities with these plans. While we don’t personally establish or administer these plans we can help you find the right administrator and the right plan for you as well as assist in choosing setup parameters and reporting. Generally more comprehensive plans are done as part of a team including another retirement plan advisor specializing in the type of plan that will work toward your personal objectives.

Business transactions and transitions can often be more complicated than expected due to reporting and tax requirements. It is always a good idea to examine your options when entering into these, though time can be an issue to getting these done. JFL advises business owners about favorable tax structures, financial and cash flow impact, and other factors such as obtaining credit.