"Your Success is Our Success!"
Cambridge Accounting & Tax provides a broad range of services to help clients secure a sound financial future. In addition to the core services listed below, we customize procedures to address our clients' needs.
We offer the full range of Small Business Accounting to help keep your business running smoothly. Our bookkeeping functions include Monthly Income Statement, Bank Reconciliations, Payroll, Audit Trails, Balance Sheet, Financial Graphs, and Budgets. We realize that most small businesses cannot afford a full-time accountant but still require their expertise. We are there when you need us!
Our Core Services
Monthly Profit & Loss Statements -- These documents provide you with a monthly glance of your financial bottom line. Every month we look at your financial picture to alert you to any areas needing attention.
Bank Reconciliations -- We reconcile your bank balance every month, advise you of any unusual transactions, and provide you with a Cash Flow Statement showing exactly how much cash is available.
Payroll Registers -- These records are required by law and help us to prepare your payroll tax returns.
Audit Trail -- A record of transactions are available for tracking spending. The format is arranged so you can understand in more detail how to interpret the Profit & Loss Statement.
Balance Sheet – This is a report showing a “point in time” of your assets, liabilities, cash balances, accounts receivable, taxes owed, etc. This report is particularly useful for bank financing options.
Financial Graphs – The graphs will help you understand, at a glance, financial data such as monthly sales trends, expenses, profits, etc.
Budgets -- We can help you draw up a plan of action for the year by budgeting revenue and expenses. Throughout the year we can track the progress you're making toward your goals.
Proactive Tax Planning -- The best time to save money on your taxes is four to sixteen months before they are due, and this requires expert planning. We provide one-on-one proactive tax counsel to meet your unique personal and business needs.
IRS Audit Representation -- As a valued client we will be available to you in dealing with the IRS and other taxing authorities. We will represent you and assist with audit preparations and appeals conferences. We also provide expert counseling on technical tax issues, penalty assessments, and negotiations to resolve payment of tax deficiencies.
Business Planning -- Establishing short-term and long-term goals and effective methods of achieving them is essential to successful business management. Our Firm can assist you in developing a comprehensive business plan that will help you identify and achieve your goals.
Internal Controls Review -- Our Firm will help you protect your assets by analyzing and improving your existing internal control systems. We will identify areas of vulnerability and recommend long-term solutions.
Banking Relationships -- Our Firm can provide valuable assistance in establishing, maintaining, or expanding current banking relationships. We can assist you in preparing your all-important banking proposal.
Consulting Services -- Our most important goal is to assist you and your company in increasing after-tax profitability. The close working relationship we share with our clients gives us a better understanding of their overall financial goals. We offer a broad array of valuable consulting services including: cash management, risk management (insurance), financing, health care compliance with government regulations, software evaluation, and the setup of computer-based accounting systems.
We are also adept at implementing technological solutions, including QuickBooks and the latest Payroll Software. Our experience with Intuit programs include:
QuickBooks Simple Start
QuickBooks Enterprise Solutions
QuickBooks Basic, Pro, Premier
QuickBooks Premier Editions: (Contractor, Manufacturing, Wholesale, Retail, Professional Services, Nonprofit, and QB Online)
QuickBooks and Intuit Payroll Products
Quicken, TurboTax, TaxCut
Accounting is hard work!
Why not hire professionals to make sure you KEEP MORE OF YOUR MONEY?