CORPORATE AND PARTNERSHIP TAX PLANNING & PREP

 

Herrera & Associates consults on tax strategy, prepares income tax returns, and provides accounting services.  The firm works with all types of corporations and partnerships, but specializes in small and mid-sized closely-owned S corporations & partnerships.  The firm assists in all areas of compliance, and in the creation and maintenance of bookkeeping systems.  In the past, we have worked extensively with authors, fine artists, film and video producers, photographers, medical professionals, media strategy companies, and various other service providers.

 

 

 

INDIVIDUAL TAX PLANNING & PREPARATION

 

Herrera & Associates is the accountant for numerous individuals and their spouses and families.  The firm prepares income tax returns each spring, and its principals make themselves available for tax planning consultations throughout the year.  In general, the firm encourages proactive interaction with its clients and clients are free to call or e-mail with tax-related questions as they arise.

 

STATE AND MULTI-STATE TAX PLANNING

 

Herrera & Associates goes beyond simply preparing tax returns to offer proactive advice about corporate or partnership structuring to help secure additional tax benefits.  We have deep experience handling multi-state issues for many clients, and handle returns for companies that file tax returns in all 50 states.

 

 

TRUST & ESTATE TAX PLANNING & PREPARATION

 

 

Estate planning is not the easiest subject for most of us to approach.  It is important, however, to understand your options and to build a plan that protects your hard-earned assets and ensures that your intentions can be carried out.

 

After all the time and effort you’ve spent building your estate, isn’t it worth protecting?  Herrera & Associates’ experienced Estate & Trust team will guide you through the various options available to achieve the optimal balance of flexibility and tax advantage in your estate plan.

 

We have worked with clients' diverse planning vehicles, including trusts, partnerships, limited liability companies, charitable and family transfers and financial instruments.  Based on your personal goals, resources and lifestyle decisions, we will work in tandem with legal counsel to formulate a comprehensive estate management, gifting and death transfer plan.  We provide post-mortem consulting for estates that have significant tax exposure.

 

 

 

BOOKKEEPING

 

 

Many of our clients choose to outsource the accounting and bookkeeping functions rather than performing them in house.  To support those clients, we offer a complete range of services to take over many of these time-consuming and complex tasks and allow you to focus your efforts on the core business.  We deliver accurate and timely financial information allowing you to make informed business decisions.  To support your accounting and bookkeeping needs, our firm will prepare monthly financial statements, reconcile bank statements and credit card reports, pay bills, process payroll, record sales deposits, and more.  We will also take the time to review the information with you periodically and make recommendations for improvements when needed.

 

 

 

 

PAYROLL SERVICES

 

 

Herrera & Associate’s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

 

 

 

QUICKBOOKS SETUP & TRAINING

 

The firm helps small business owners with the ongoing running of their businesses by teaching them how to keep better track of internal finances.  This is especially helpful for businesses that do not have a trained accountant or CFO on staff.  Training can be provided at our offices or on-site.

CONSULTATIONS FOR ASSET ACQUISITIONS

BUSINESS AND PERSONAL

 

 

Herrera & Associates understands how important accounting services are to businesses.  Our clients range from start-ups to some of the country’s most successful organizations, and we’re dedicated to understanding the unique issues and circumstances of each one of them.  We believe our focus on providing timely and efficient service is evident in our daily interactions.  Our broad range of industry experience, commitment to service and quality, and professional resources gives us the ability to help our clients succeed and thrive.  We can develop and have the skill set to customize your business accounting needs and functions.  Here at Herrera & Associates it is not the business size but rather the business client and their needs.