Accounting Services
At Safdar CPA our experienced staff can help you with any and all of your accounting and back-office needs. Own a small business? Let us help you set up your record-keeping and bookkeeping requirements. Have a large business? Let us give you some alternatives to save you resources and time. We are a full-service accounting firm that strives to meet each client’s specific needs. Some of our services for clients are listed below. Contact us for any of your personal or business accounting needs.
OUR SERVICES
TAX PREPARATION
Our team makes doing your taxes easy. We always keep up-to-date with all tax laws and provide the following services:
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Sales tax collection and filing
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Payroll taxes
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Personal income tax
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Business income tax
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Estate tax returns
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Responding to notices from the IRS or state and local authorities
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Assistance in preparing a record retention system to help you support the income tax return filed by you.
At Safdar CPA, we make filing your tax returns a stress-free easy task.
AUDITING
We can offer your company the following services:
Financial Statement Audits
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We can provide financial statement audit services in compliance with Generally Accepted Accounting Principles (GAAP) as accepted in the United States of America.
Verification of Business Records Audits
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If business records have been partly destroyed because of a fire or other hazards, we will attempt to recreate those records from transaction documentation and other 3rd party sources.
CONSULTING SERVICES
We can provide business consultation expertise in various ways, including:
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Business problem resolution
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Redundancy management
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Labor time management
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Production and service timeline
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Joint venture setup and management
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Selecting a management information system
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Utilizing accounting software to its potential
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Family limited partnership management
BUSINESS MANAGEMENT
We will work with you to advise and develop appropriate business management skills suitable for your business monitoring:
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Develop worksite production and manufacturing layouts
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Adjust operation costs with current sales and service revenues
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Determine financial projections and forecasts for future time periods
No two businesses are alike. Each business requires a unique and personal template to its current situation that will satisfy the operating costs while decreasing the variable costs. Our focus is to minimize the required fixed costs for daily operation and decrease day-to-day variable costs
Business Startup & Planning
Starting a business is a big decision that requires serious planning. If you are thinking about starting a business venture, sitting down and creating a focused plan with a professional CPA beforehand can save you time, energy, and money in the long run. We can help you in all the following areas:
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Product or service pricing
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Business viability
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Sales driven budgeting
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Applying for business loans
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Selecting a record-keeping system that fits your needs
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Choosing appropriate accounting software
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Selecting cash vs. accrual accounting
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Employee benefits, pension, and retirement planning
ESTATE PLANNING
We provide a variety of services that focus on making sure your hard-earned assets are bestowed upon your beneficiary. Let us take care of this to make sure any wealth you have accumulated will be transferred to your beneficiary. With our experience, we will make sure that this is an easy and smooth process. Our team will ensure the best service possible. We offer estate planning services in the following areas:
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Wealth transfer
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Estate tax planning
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Bookkeeping
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Beneficiary accounts
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Compliance reporting
BOOKKEEPING
Whether you are considering starting a new business or are an established business owner, let us handle your bookkeeping, recordkeeping, and more. Let us help you save time by taking care of your records, while you work on making your business the best it can be. Bookkeeping no longer has to be a stress-inducing task when we do it for you. At Safdar CPA, we will keep your records neat and accessible, so you can access them at any time you need. We can help you in all the following areas:
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Monthly income and expense reports
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Establish paper trails
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Establish internal controls
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Design a chart of accounts
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Design your general ledger
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Organize vendor bills and invoices for customers
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Real-time data capture
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Monthly bank reconciliation
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Staff payroll
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Payroll return filings
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Inventory management
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Customer billing
STARTING A NEW BUSINESS
Thinking about starting a new business? Before you begin, consult your CPA about:
Legal form
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Should it be an LLC?
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Should it be a Sub Chapter S corporation?
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Should it be a C corporation?
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Should it be a partnership?
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Should it be self-employed?
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You should know the benefits and disadvantages of each before you decide.
Pricing
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If you are selling a product, you should know your direct and overhead costs
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If it’s a fee for service business, you will need to know how many billable hours you will have to ensure recovery of all your business costs
Market
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Do you know who your competition is?
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The pricing of your competition?
Marketing
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How are you planning to reach your potential customers and audience?
NEW BUSINESS OWNERS
Safdar, CPA helps a new business owner with an affordable, integrated management information system, record keeping, budgeting, cash flow, time management, and much more!
Integrated management information system
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Save time from keying in the same information over and over in different computer programs.
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Select an accounting and management computer application that will allow you to spend less time on management, but rather more time on customer service and production
Record Keeping
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Utilize a local area network with a computer server and workstations that may be desktop computers or mobile devices, which will allow you to stay connected and have information updated in real-time.
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Scan vendor invoices as PDF files attached to payment vouchers, which will allow you to save time when looking for them in the future
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An offsite second computer server will allow you to backup all your important data and information in real-time. If one server stops working, you will be able to continue your work with the backup server.
Budgeting
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Budget income and expenses in order to be a successful new business owner
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Plan for capital investments
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Prepare a budget that can adjust according to the demand of your product or service
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Businesses lose money because they are not flexible to make the above adjustments fast enough
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Make commitments that you are sure of honoring
Cash Flow
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Create a cash flow based on expected receipts and expenditures
Time management
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Allocate your time wisely in order to make the most use out of the 24 hours in a day
CONTACT US
Contact us to see how my accounting expertise and personalized services can save you time, money, and frustration on all accounting matters.
1450 Parkside Ave. Suite 28 Ewing, NJ 08638
3001 Walnut St. Suite 1001 Philadelphia, PA 19104
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