RS Powell Certified Public Accountants

We can advise you on methods for tax savings and tax benefits optimization customized to individual financial situation.

Please bring the following documents in order to file your Business Tax return.*

1. Profit and loss statement for year and balance sheet for year end.
2. General ledger (receipts, bills, invoices, etc)
3. Any loan agreements and loan balances as of year end.
4. Purchase and sales documents of fixed assets (cash, furniture and fixtures, computers, equipment, cars, freezes, security deposits etc.)
5. Accounts receivable report as of year end.
6. Accounts payable at year end.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

Our tax planning and tax preparation services include:

• Preparing tax returns for businesses and individuals
• Tax planning and analysis
• Tax alternatives and ways to reduce your taxes
• Estate and trust considerations
• Payroll tax
• Merger and acquisition assistance
• Strategic planning assistance
• IRS representation
• Audit assistance

Here at R.S. Powell, Inc., we'll assist you in preparing and filing your annual business, personal, and trust returns. We also provide the tools to help you organize your tax information to reduce the cost of preparing the return. By working together throughout the year, we're able to provide feedback and assistance to maximize all of the tax savings available to you.

For clients who are experiencing tax problems, we can work directly with the IRS to settle your tax debt, file back taxes and get rid of any unfair penalties. Whatever your concerns, we’ll take the time to listen carefully and provide sound, balanced financial advice you can depend on.

We'll also provide updates on current tax issues to make sure that you are fully aware of any tax law changes that may benefit or otherwise affect your individual or business filings.

When it's time to file tax returns, you provide the information and we do the rest. You'll have the confidence that your tax returns are prepared accurately and filed on time.

Get a letter from the IRS? Contact us first before paying because many notices can be reduced or eliminated!

Need a financial statement? Don't even know what one is? Don't worry! We can help you compile a financial statement for third-party use. This can be for back financing, creditors, bonding companies, etc.

A review provides limited assurance to third-parties that your financial statements are in accordance with generally accepted accounting principles.

At R.S. Powell, Inc., we focus on the financial preparation of your company, so you can focus on your job sites and the overall operation of your business. We will work with you to provide financial reporting that will help you make more informed decisions, help you control job costs and increase your profitability.

We recognize that knowing the costs of your materials, subcontractors, labor and overhead is critical to the success of your business. By providing specialized accounting, consulting and taxation services to meet the unique needs of the construction industry, we can help you get control of your money and help make your business more profitable.

Our construction industry services include:

• Construction tax planning and analysis
• Operational reviews and assessments
• Benchmarking analysis
• Strategic planning
• Overhead rates and allocations
• Review and compilation of financial statements
• Cash flow analysis
• Accounting software - evaluation
• Payroll assistance
• Internal controls and reporting

Whether starting a business or seeking a value on an existing company, business entity or property, having a solid understanding of financial issues, opportunities, processes, and regulatory requirements is essential. We have the expertise to successfully guide you through the intricacies of business formation and valuation.

If you don't already have an accounting system in place, we can help you choose the best accounting system for you and help you set it up. This is essential for a business to grow.

Payroll may be necessary for your business to function, but it's not necessary for you to do it on your own. Here at R.S. Powell, Inc. we offer fast and efficient payroll service. You can rely on us for accurate and timely payroll, payroll reports and payroll taxes, but most importantly, you'll value the friendly, personal service we provide.

Our payroll services include:

• Payroll preparation
• Worker's compensation audits
• Unemployment claims
• W-2 and W-3 preparation
• 1099 preparation
• Federal and state payroll tax filings

As a small-business owner, you know the pressures of payroll. Filing paperwork on time is a daunting task and then you worry whether it's accurate. Let the tax accountants of R.S. Powell, Inc. handle those details for you.

If you will be making sales in Colorado that are subject to sales tax, you must register with the Tax Department and obtain a Colorado sales tax license.

The sales tax license gives you the right to collect tax on your taxable sales and to issue and accept the most Colorado sales tax exemption certificates.

Depending on your location; you may be in a home rule city and would also need a city sales tax license.

As fellow entrepreneurs, we understand the feeling of wearing different hats. We can provide relief by helping you keep your books while you focus on what you do best, your business!

We can help you budget and forecast your sales and profit margins in order to create metrics to measure the performance of your business which are critical in making key management decisions.

Why wait until the end of the year to find costly mistakes on your books? A mid-year review will help you identify any errors earlier in the year reducing the time spent to find it and ultimately increasing your bottom line!