We provide a wide range of services for both individuals and businesses. We strive to customize our approach to each client’s personal needs and provide expertise to help our clients achieve their goals.
Our services include:
Business Tax Prep
As a business owner, it’s easy to get caught up in tasks that distract you from actually running your business. Don’t let tax preparation be one of the things that gets in your way. We can assist you with tax consulting, reporting and bookkeeping, tax representation and compliance. We’ll help you manage your payroll, sales, and income taxes; complete your compliance forms; and help you address any IRS notices.
Individual Tax Prep
Many people dread tax time, but at Magnetic North Tax & Accounting, we specialize in taking that burden off your shoulders. We prepare individual tax returns for both state and Federal, and review your situation to defer or eliminate as much tax as possible, given your specific situation.
Don’t wait until the last minute! Call us to make an appointment and receive a tax preparation guideline document to assist you in compiling the information we’ll need to prepare your taxes.
We believe that tax consulting begins with truly understanding your business. We form business relationships with our clients to acquire a deep understanding of where you are today and where you are headed, so we can advise you on the things you can do now to best prepare you for the future—to ultimately save you time and money in the long run.
All businesses rely on accurate and insightful financial information to be successful. We provide full-service accounting, including:
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Personal financial statements
- Corporate tax planning and return preparation
We provide complete and accurate bookkeeping services to small businesses and individuals, on a monthly, quarterly, or annual basis. We will set up and maintain a record-keeping system that will provide you with up-to-date information and make tax preparations easier. Some of our services include bank and credit card account reconciliations, regular review of financial statements and month-end reports, deposits, and bill pay.
For clients who would like to do their own record-keeping, but need help getting started with QuickBooks, we do that too.
Intuit QuickBooks is a user-friendly financial management tool that needs to be set up correctly to maximize its usefulness.
We can assist you in customizing QuickBooks to meet your company’s needs.
Let us help you learn how to generate valuable information to run your business.
For a small business, the handling of payroll can be a time-consuming task. We offer accurate and hassle-free payroll services. We will calculate, pay, and file all state and federal payroll tax returns, track payroll deductions and contributions, and process year-end W-2s and 1099s.