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Services

Tax

 

In the accounting world, taxation presents arguably the most dynamic and complex challenge in the context of financial planning. Our firm provides comprehensive tax compliance support & tax accounting expertise to reduce forfeiture risk & maximize benefits in business’ tax processes.

Patel Financial Services provides a broad range of fully integrated tax services, including effective tax management; tax structuring; and advisory services for individuals, partnerships, and corporations; at reasonable prices in the market.

Our approach combines insight and innovation from multiple disciplines with business and industry knowledge to help your company excel globally. We plan short-term and long-term goals to lower tax liabilities, and we ensure client compliance with tax laws. We can prepare complex tax returns, assist clients with tax problems and provide representation before government agencies, and reduce estate and inheritance taxes by providing retirement and estate planning advice. we can prepare tax returns, assist with tax problems and represent them before government agencies.

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Our Tax Services covers a broad area of business financial management:

  • Business Tax

  • International Tax

  • Personal Tax

  • Not-for-Profit Tax (990) Forms

  • State & Local Tax

  • Tax Accounting

  • Tax planning

  • Tax Reporting & Strategies

Wills & Trusts

 

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership.

 

Patel Financial Services role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

Business Valuation

 

The range of needs for valuing businesses continues to widen, and Patel Financial Services can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest.

 

Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Accounting

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Patel Financial Services offers a full suite of accounting (bookkeeping) services that cover all aspects of an organization’s financial performance, from payroll costs, capital expenditures, and other obligations to sales revenue and owners' equity. Our services assist clients in formulating accounting data to gauge their enterprise's financial to portray an accurate, as well as enhancing their reach to an accurate picture of a business's financial well-being while communicating relevant information to investors, creditors, managers, and others who interact with the business.

Manage your enterprise risk and Business’ accounting system by adopting our solutions that will build value in your business while easing your financial worry.

With our firm, you’ll find a unique blend of personal one-on-one service, sound financial advice, and technological expertise. As your trusted advisor, we take care of the financial details so you can focus on running your business. With years of dedicated service to clients throughout the United States, you can rely on us for strong, relevant, financial leadership, helping to make your business and personal financial plans a reality.

Our approach to accounting services is to work with the client to enable them to handle the day-to-day accounting activities independently. We prefer to keep the staff infrastructure in place, and provide our in-depth and superlative knowledge and experience to assist client’s accounting staff to perform and grow and help them improve in all the related areas.

We provide cost effective and qualitative financial accounting services. Some of the services offered by us include:

Consulting Services

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Patel Financial Services can help your business to identify areas, which are negatively affecting profitability and growth, and guide you with solutions that are practical and technically sound.

 

We provide comprehensive and flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services.

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IT

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Accounting functions have been transformed into a semi technology service. The modern accounting practices involve use of informatics to eliminate calculations, paper ledgers, lower error margins, improve identification of issues, and most importantly gets the job done faster. The world of IT today requires breadth and depth of technology skills that are seldom found in one resource. Accordingly many organizations rely on the diversity and depth of skills that only Patel Financial Services brings to the table.

Patel Financial Services addresses a broad range of technologies, and possesses hands-on experience of industry insights to deliver integrated, cost-effective, practical accounting solutions successfully.

Along with years of experience and knowledge in working with tribal entities, governmental agencies and not for profit organizations, small businesses to international industries, Patel Financial Services has the proficiency to help your organization grow in a technologically advanced and constantly changing future.

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Patel Financial Services has hands-on experience with the tools that your accountants and support staff rely on daily basis. Our technical consultants are experts on the software and hosted applications typically used within the accounting industry, including:

  • Microsoft Dynamics

  • Caseware

  • Microsoft Office Accounting

  • Sage Peachtree

  • Sage Timberline

  • Intuit QuickBooks

  • Intuit Quicken

  • Lacerte

  • Citrix

Cash Management

 

A wise business owner once said, "Happiness is a positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.

A cash crisis can be emotionally devastating and it can even kill your business. If you've ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean.

Our cash management service allows you to...

  • know when, where, and how your cash needs will occur.

  • know what the best sources are for meeting your additional cash needs.

  • be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.

 

The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.

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We also prepare historical cash flow statements to help you gain an understanding about where all the money went.

Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...

  • Help obtaining an appropriate line of credit

  • Cash collection acceleration techniques

  • Proven effective collection policies

  • Proven effective payment policies

  • Help obtaining the maximum rate of return on your idle cash

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