Services
Here at Irwin, Jackson & Wang we have a broad scope of business skills and experience which we can apply to your specific needs. The list below does not contain everything we can do for you, it is simply a list of things we often do for our customers and should give an idea of the scope of our experiences.
If you have a business or tax issue on your mind, just pick up the phone and run it by one of our professionals. Because we want to be the first people you think to ask about every business and tax issue you face, we will not charge you for time spent on that initial phone call.
FINANCIAL ACCOUNTING (AND BOOKKEEPING)
Financial accounting is the whole process of getting basic financial transaction information from its raw form into some sort of financial statement. This includes:
Accounting system setup, design and implementation,
Accounting software selection and implementation,
Bookkeeping (including entering transactions into journals),
General ledger adjustments at period end,
Financial statement “compilation” or “review”,
Personal financial statements,
Financial forecasts and projections,
Business tax return preparation (sale tax, business licenses, etc.), and
After the fact payroll reporting.
ABSENTEE CONTROLLER AND INTERNAL AUDIT SERVICES
Often a small business finds itself needing services which normally would be handled by an owner, a corporate controller or CFO. For example:
Cash flow and budgeting analysis,
General in house accounting and
Oversight of in house clerks and bookkeepers.
Internal audit services are provided to establish and monitor internal controls and provide separation of duties by reconciling accounts at a customer’s site.
TAX SERVICES
By taking a proactive approach to tax planning, we can usually avoid tax surprises. Taxes often cannot be avoided, but they can sometimes be managed in a way that makes them easier to handle.
Tax services include:
Preparation of individual, corporate, partnership, LLC, trust, and estate income tax returns,
IRS and FTB representation (in the case of audit),
Year end planning,
Transaction tax planning,
Estate and gift planning,
Entity choice (for tax purposes)
CONSULTING SERVICES
Consulting services range from ad hoc conversations on the phone to in depth and ongoing projects that take months or even years. Areas we have consulted include:
Accounting software selection and implementation,
Business succession planning,
Business acquisitions and mergers,
Sale of a business,
Business dissolutions and separations,
Employee compensation,
Cost segregation,
Estate planning to avoid taxes and transfer assets with reduced estate tax,
Gift planning,
Lease vs. buy concerning real estate, autos and equipment,
Borrowing and debt management,
And many more
