LB&J Certified Public Accountants

Products And Services

• Coronavirus Disaster Assistance

  Apply now for the SBA Disaster Assistance Loan program for your small business. The SBA is now taking applications for up to $2 million loans at 3.75% interest. LB&J Certified Public Accountants is ready to help! Our focus is on small businesses and strategy. We assist small businesses in getting the funds needed to keep their business afloat through the SBA Disaster Assistance Program. Our CPAs have over 50 years of experience and are ready to help you and your business. Even if you might not need the funding right now, there is no risk in applying for the loan and deciding later you don’t need it. Our fees are contingent on your business getting the loan. We do not get paid unless your business gets the loan. Timeline and Expectations: Have an initial consultation with one of our specialists so you understand the process, timeline and expectations, We will send you the initial application to complete along with our engagement letter and terms of agreement, During the 3-week period from the initial application to the response from the SBA, our goal is to understand your business and start putting together the necessary documents and financial records required to have the loan approved. Once the SBA responds to the loan request, we negotiate with the SBA to get you the maximum loan amount needed to keep your business afloat. Once the agreement is final, the SBA will wire funds into your business’ bank account. The process from initial application to funding will take at about 30 days.

  Link: Coronavirus Disaster Assistance

• Tax Preparation

  We are experienced CPAs that use the latest software and knowledge of current IRS and state regulations to ensure your taxes are prepared accurately and timely the first time. C and S Corporations Partnerships Sole Proprietorships Multi-States Sales and Use Tax Business Property Tax Listings

  Link: Tax Preparation

• Tax Strategy

  We understand how tax regulations apply to business in various industries and how to implement tax planning strategies to minimize your tax liability. Entity selection and structure Owner compensation Retirement plan options Optimizing depreciation methods Outsourced accounting and bookkeeping

  Link: Tax Strategy

• International Tax

  We are well versed in current international tax laws and their implications on companies doing business across borders. International tax planning International tax compliance Foreign tax credit planning International tax structuring International tax advisory

  Link: International Tax

• Audit Assistance

  We provide professional advice and expertise in resolving federal, state and local tax notices and issues. File back taxes Set up payment arrangements and installment agreements Assist with resolving levies and liens Contest penalties Provide audit representation before tax authorities

  Link: Audit Assistance

• Accounting Services

  We provide accurate and timely financial information allowing you to make informed decisions for managing and growing your business. Financial statement preparation Compilation preparation Financial analysis Owner basis calculations Depreciation method analysis

  Link: Accounting Services

• Bookkeeping

  We help plan and organize your financial information on a monthly, quarterly or semi-annual basis to help you understand the financial position of your business. QuickBooks set-up QuickBooks training Bank reconciliations Credit card reconciliations Loan and asset recording

  Link: Bookkeeping

• Payroll Services

  Online Payroll Access We provide an optional online self-service portal that allows our clients to run their own payroll or set up an automatic payroll for their employees & contractors. Tax & Form Filing Using our payroll system & full-time accounting team, we generate and submit your quarterly filings to all relevant taxing authorities on your behalf. We also generate and mail all annual 1099 forms and create W2s for your employees & contractors.

  Link: Payroll Services

• Employee Benefit Retirement Programs

  401(k) & Profit-Sharing Plans Simple IRAs & SEP IRAs Cash Balance Plans Non-Qualified Retirement Programs

  Link: Employee Benefit Retirement Programs

• Business Continuation Strategies

  Buy-Sell Funding Strategies Succession Planning Key Person Insurance

  Link: Business Continuation Strategies

• Executive Fringe Benefits

  Executive Fringe Benefits Executive Bonus Plans Split Dollar Insurance Deferred Compensation Funding Non-Qualified Executive Fringe Benefits

  Link: Executive Fringe Benefits

• Tax Preparation

  We are experienced CPAs that use the latest software and knowledge of current IRS and state regulations to ensure your taxes are prepared accurately and timely the first time. 1040 Itemized deductions Sole Proprietorship-Schedule C Capital gains Rental properties Multi-state

  Link: Tax Preparation

• Tax Strategy

  We understand how tax regulations apply to individuals and how to implement tax planning strategies to minimize your tax liability. Initial consultation to understand personal tax situation Review prior year tax returns Analyze current tax information Strategize for future recommendations

  Link: Tax Strategy

• International Tax

  We are well versed in current international tax laws and their implications on individuals doing business across borders. International tax planning International tax compliance Foreign tax credit planning International tax structuring International tax advisory

  Link: International Tax

• Audit Assistance

  We provide professional advice and expertise in resolving federal, state and local tax notices and issues. File back taxes Set up payment arrangements and installment agreements Assist with resolving levies and liens Contest penalties Provide audit representation before tax authorities

  Link: Audit Assistance

• Financial Planning

  Analyze Prior to recommending any financial solutions, we ask questions and get a clear understanding of your goals and what is most important to you. We then analyze your current strategy to identify gaps that may exist within your plan. Recommend Once your financial plan has been reviewed and analyzed, we provide you with independent strategies and recommendations that allow you to fill any gaps in your plan, as well as make informed decisions on how to meet your financial goals. Implement If you are satisfied with our approach and recommendations, we then work with you to implement your strategies by helping you secure the appropriate solutions, services, and financial tools needed to meet your financial priorities.* Monitor Your financial situation and priorities are bound to change. We work with you over time through periodic reviews to monitor the strategies in place and make changes when needed, ensuring your financial plan evolves with you.

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• Foundational Financial Planning

  Debt Management – We explore different payment options, giving you flexibility in paying off your debt items. Cash Management and Emergency Fund – We analyze your monthly budget and determine the necessary amount needed in your savings. Protection Planning – We assess your current protection pieces and identify any gaps that may be present. Basic Asset Accumulation – We provide a high-level assessment of your current investments, and basic strategies to help build your assets.

  Link: Foundational Financial Planning

• Comprehensive Financial Planning

  In the Comprehensive Financial Plan, we can take a detailed look into your long-term goals, but also assess items that need to be planned for over the short-term and mid-term. We take a comprehensive look at cash flow and investment asset today, to retirement, and all the way through retirement. Financial Position – Net Worth, Cash Management, and Emergency Fund assessment Protection Planning – Assess your current protection pieces and identify any gaps that may be present. Tax Management – Analyze your current tax situation, and look to provide solutions to help decrease tax liability both now, but also in the future. Retirement Planning – Evaluate when you can retire and how long your money will last. Investment Solutions (including Education Planning) – Analyze your current investments and provide solutions that meet your best interest. Advanced Estate Planning – Determine a plan for multi-generational asset building. We also analyze situations that cannot be controlled. Certain economic impacts can alter the perceived outcome due to taxes, inflation, and the volatility of markets. Health events can be unexpected and directly impact cash flow. Reviewing your options and planning for these situations will help ensure you are fully protected. Additionally, we provide resources for “what-ifs”, such as buying and selling properties, retiring earlier, spending more, etc.**

  Link: Comprehensive Financial Planning