Our Services

It is not uncommon for a business owner that is looking to grow their business to need some form of outside financing. The problem is that banks make obtaining that financing a very difficult and complicated process. Even when you jump through all of the hoops they throw at you, most of the time their answer is no.

Let Shurek Accounting & Tax create a loan proposal package for your business that will help speed the process along by giving the bank the information they want right away instead of giving them piece-by-piece information that slows down the process.

Our loan proposal package includes:

• Executive Summary: This is where we precisely state the purpose of the funds being applied for, give a brief description of how they will be spent and indicate the exact amount of financing required.
• Pro-Forma Cash Budgets and Financial Statements: We will make some financial projections that will take into account the additional financing and prepare the information in a manner that your bank/financial institution can easily read and understand.
• Personal Financial Statements for all Owners: We will prepare a personal financial statement for all owners that will be co-signing for the additional financing and include copies of the previous three years personal tax returns.  A brief description of any collateral being pledged to secure the additional funding will be included as well.
• Representation: By speaking to the bank/financial institution on your behalf and fielding any questions they have during the application process, we can supply any additional information needed in a timely manner while continually substantiating your financial need and position.

Cash flow is crucial to the success of any business, regardless of size.  Every business owner has at one time had to borrow from Peter to pay Paul when it came to making sure there was enough cash available to operate on a day-to-day basis.

Our cash flow management services will allow you to:

• know when, where, and how your cash needs will occur,
• identify the best sources for meeting any additional cash needs, and
• be prepared to meet these needs when they occur by assisting you in establishing and maintaining a beneficial relationship with bankers and other creditors

The starting point in the process of planning to avoid a cash crisis would be to allow us to develop a cash flow projection for your business.  We can assist you in preparing both short-term (weekly or monthly) and long-term (annually, up to five years) cash flow projections to help develop ideal capital budgeting strategies tailored to meet the needs of your particular business.

In addition, we can prepare a historical cash flow analysis which will help you identify where your cash was spent which will help you make some more accurate predictions of where cash will need to be spent in the future.

Creating an accurate and easy to understand cash flow projection is just one of the many cash management services that we offer.  We can also provide assistance in:

• Obtaining an appropriate line of credit
• Cash collection acceleration techniques
• Proven effective collection policies
• Proven effective payment policies
• Obtaining the maximum rate of return on cash that is not currently being used

Shurek Accounting and Tax offers you the convenience of focusing your time where it is needed most, on the daily running of your business. Let our professionals handle the time-consuming day-to-day tasks of filing and tracking your payroll.

Each payroll processed includes:

1. Paycheck Processing-just supply us with the names, hours, salary, etc. and we do the rest
2. Summary Sheet-details on how much is needed to cover payroll and payroll taxes for the period
3. Check Reconciliation-detailed listing of all checks and direct deposits that will be processed
4. Year-to-Date Payroll Register-every payroll processed includes a year-to-date summary for your tracking needs
5. Tax Report-lists the payroll tax liability for the period including all federal and state withholding
6. Input Worksheet-customized sheet for your organization that makes supplying the next payroll information a process that can be accomplished in minutes

Our Complete Payroll Package also includes:

• Direct Deposit
• Payroll Tax filing on your behalf
• Quarterly Payroll Tax return processing
• W-2 Preparation

Everyone dreams about it at one point in their life, owning their own business where they call the shots and make all of the decisions. Nobody to stop you from doing what you want and what you think will bring success.

Owning a business and working for yourself can be one of the best ways to obtain wealth in our society. The only problem is that a lot of entrepreneurs do not understand all of the steps necessary to set up a successful company. Without a proper plan in place and without the right guidance many new businesses will fail within the first two years.

We can offer you advice and assistance every step of the way when starting your own business.

Our services in this area include:

• Assisting you in preparing a business plan in order to help you strategically plan your advertising, financial, and management plans.
• Calculating your initial investment needed to run the business for the first six months after inception.
• Help with identifying potential sources of start-up capital and assistance dealing with lenders to make the loan process a smooth one.
• Recommending a business structure (LLC, S-Corporation, C-Corporation or Partnership) that matches your particular situation based on tax advantages and disadvantages, ease of operation, and legal exposure.
• Assistance in selecting the best computer software to help run your business smoothly on a day-to-day basis.
• Analyze your cash needs for the first three years of operation in order to develop a cash-flow projection based on your estimated sales.  Lack of cash flow can be a killer of any good business.
• Advise you on collection and billing procedures that will help you maximize your monthly cash flow.
• Initiating all filings necessary with federal and state governments, as well as the Internal Revenue Service and any necessary taxing authorities to make sure that your firm is in complete compliance from the moment you open your doors.

At Shurek Accounting and Tax we understand that all business owners, no matter how large or small the organization, need to have up-to-date, accurate financial information at their disposal.  Our preferred accounting software packages for assisting you with running your business is QuickBooks.  We are a Certified QuickBooks ProAdvisor, which means that we offer extensive QuickBooks support services.  These services include:

• Initial QuickBooks Setup and Conversions
• QuickBooks training classes and seminars customized for you and your employees to meet the needs of your business
• QuickBooks troubleshooting and support
• QuickBooks cleanup and monthly/quarterly reconciliation and review
• Discounted QuickBooks product purchases – including product selection assistance

Assistance available with all QuickBooks Accounting software packages including:

• QuickBooks Pro
• QuickBooks Premier
• QuickBooks Enterprise Solutions
• QuickBooks Online
• QuickBooks for Mac

Failing to remit your Sales and Use Tax payments on a timely basis will cost you additional interest and fines. Failing to pay your Sales and Use Tax all together can land you in prison!

The State of Georgia has declared the non-payment of sales tax that has been collected from clients a felony. This is money that belongs to the state department of revenue. They count on these funds to help fund various government programs.

Let us help you make this process easier while staying in full compliance. We will set up a sales tax account for you with the State of Georgia and any other principalities that you operate in. We can set up your computer software to charge the correct amount of sales tax every time that you issue a sales invoice.

In addition, we will contact you during the first few days of every month to remind you to send us your sales tax summary information so we can prepare your monthly sales tax reports for the state. Also included in our services is e-filing of your sales tax return and electronic payment processing.

Help us help you avoid unnecessary penalties, interest, fines and liens/levies. Contact us today to get your sales tax account set up so you can always be in full compliance and not have to worry about the state taxing authorities coming after you.

When most small business owners start out, they do it all. Selling the business, producing the product sold or performing the service provided, answering the phones, and handling the finances. The business can only grow to a certain point until all of a sudden, there is no time for one person to handle all of the responsibilities.

We are here to assist you when you get to this point because you should be spending your time selling and growing your business. Every minute you spend maintaining your books and financial records is another minute that you are not selling your product or service. Shouldn’t you spend your time where it will benefit you most?

We offer complete accounting and bookkeeping solutions. No situation is considered too small for us.

On a monthly or quarterly basis, we can provide the following services:

• Reconcile your bank accounts
• Update and maintain your general ledger
• Prepare monthly or quarterly financial statements to help you monitor the financial performance of your business
• Analyze the results to make sure that costs are stable and identify areas for improvement
• Prepare monthly or quarterly tax filings and keep your business in compliance with all taxing authorities

Sure, you could come to see us in January when you are ready to file your taxes for the year, but you wouldn’t really be allowing us to do our best job for you. If you maintain and monitor your financial performance during the year rather than after it is over, we can identify tax-saving strategies that your business can take advantage of before the year is over and it is too late.

A strategic plan is a valuable tool for all businesses, large and small, that truly want to be considered competition in their marketplace. One of the main benefits of a strategic plan is that it can be implemented for a brand new business, a business experiencing growth that is looking to expand or a business that has remained steady in performance for a while that wants to make sure it doesn’t start to face possible declines in business or possible stagnation.

If your business has no strategy in place, there is no direction. It’s like trying to assemble a child’s toy with over 200 parts and no instructions. You can probably get the toy put together somewhat to your satisfaction, but it will never look like the one on the box. Without a strategic plan in place, the odds of you hitting your goals will be considerably lower.

This is not to imply that strategic planning is the only thing you should do when running your business, just make sure that it remains an integral part of your business structure. Every major action and decision that is made should be a good fit with the strategic plan that you have in place. Every employee and member of your organization should be aware of the strategies of the company and they should be educated on how to perform their duties in the best possible way to be in alignment with your strategies and goals. Depending on the evolution of your industry, strategic plans need to be re-evaluated from time to time and changed to adapt to current and predicted future market situations.

The basic steps in a strategic business plan include:

• Mission Statement – A mission statement is a brief written statement of the purpose of the company or organization.  Ideally, the mission statement will be what guides the actions of all of the employees of the organization.  A good example of a mission statement would be Walmart’s mission statement, “To give ordinary folk the chance to buy the same thing as rich people.”  
• Define Organizational Goals – Goals help define your organization, give direction and avoid chaos.  Goals help motivate employees by communicating what the organization is striving for as well as providing a basis for recognizing accomplishments and successes.  Organizations that set goals are more effective and are more adequately prepared when market situations change or competition has increased. – Part of this step is an analysis of your company against other similar companies and your industry as a whole.  We will then identify the strengths of your current organizational setup and strategies, analyze any weaknesses, whether internal or in relation to your competition, identify any opportunities that are available to your organization that might be worth considering, and help evaluate any threats your company faces from outside competitors, economic circumstances and any other relevant factors that might possibly affect your operations in the future.  With experience dealing in most industries, we can help you to identify specific goals that successful business owners in your industry use to gauge their company’s performance.
• Create Strategies to Reach Each Goal – This is where you plan the approach necessary to reach the goals your organization has decided to adopt.  This is the part of the plan that may change the most, since you may decide on one course of action to achieve a particular goal, and decide halfway through that you know a quicker or more efficient route.  – We will help you develop checkpoints along the way that will help you gauge your performance and progress toward the particular goals, which will aid you in your decision as to what is working and what needs to be adjusted.
• Develop an Action Plan to Implement Strategy – An action plan details the specific activities that will be undertaken in order to implement the strategies of the organization.  For example, for a restaurant, a goal might be to only have a 2% seafood spoilage rate.  To achieve this, specific actions will need to be taken by members of different parts of the crew to ensure that this goal is hit.  These actions might include the kitchen promoting the seafood through nightly specials and making sure that every server specifically mentions the seafood specials to every table so there is a greater likelihood of seafood being ordered, which will cause more seafood to be used and less to end up being thrown away.  If every department is not on the same page, it will be very difficult to reach a common goal.  – We will assist you in developing an action plan or plans that will enable you and your employees to work towards a common goal every step of the way.
  
• Monitoring of the Strategic Plan Implementation – This is the stage where most strategic plans fail.  If the results of all of the above steps are not being monitored to make sure that they align with the overall goals of the company as well as the mission statement of the company, then all of the time spent to this point has been a total waste. You must set a time to regularly review the fruits of everyone’s efforts to make sure that they are doing what the company needs to be done and all heading toward a common goal. – We will review monthly/quarterly, whatever makes the most sense for your business to make sure that your efforts have not been wasted.  We are very interested in the success of your business since we know that if we can help you grow, you will be more likely to recommend us to colleagues and other business owners if we actually help you accomplish the goals that are important to you.  Benchmarks will be included when reviewing your financial statements to make sure that the organization is constantly moving in the desired direction.