Rockville CPA

| Rockville MD Accounting Services | CPA Rockville MD

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Tax Planning & Preparation

A.K. Burton, PC offers a full range of tax preparation for businesses, business owners, and for US individuals domestic or abroad. At A.K. Burton, PC, we guide our clients through a full range of tax planning and preparation decisions with strategies designed to help minimize tax liabilities. We are knowledgeable and up to date on the tax laws and can help make sense of your receipts, bills and notices.

Setting Up & Incorporating New Businesses

A.K. Burton, PC focuses on small businesses and their owners. Here at A.K. Burton PC we offer a variety of services to set up your new business, whether it involves setting up a sole proprietorship, LLC, partnership, or corporation. Let us guide you and your new business through the preliminary phase, the set-up/formation phase, and beyond.

Reviewing Leases, Employment Contracts, Licenses, & Other Contracts

Alton K. Burton, Atty/CPA, a principal of A.K. Burton, PC can review important leases, contracts, and licenses to help guide you through the initial stages of such relationships. Alton Burton, a CPA and attorney is able to read said documents from the viewpoint of both an Attorney and CPA and offer his advice. In negotiating at the beginning of these relationships, it is important to understand the terms and conditions of each of these types of agreements before signing any of them.

Complicated Tax Matters/Preparation of Prior Year's Taxes

At A.K. Burton, PC we work on complicated/complex tax matters and are able to prepare tax returns that are more complicated in nature. We also prepare back taxes for prior years. One of our goals is to help our clients with their tax struggles by helping them to return to compliance. We know that life is complicated and the unexpected happens. Let us help you get your taxes back on track and help make your life a little simpler.

Preparation of Multi-State and Out of State Tax Returns

At A.K. Burton, PC, we prepare multi-state and out of state tax returns for many of our personal and business clients.

Estate and Trust Planning and Tax Preparation

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Alton K. Burton, Atty/CPA, a principal of A.K. Burton, PC, as both an Attorney & CPA, can 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 disburse one's estate so as to avoid complications and to be sure 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.

After you have decided on your estate plan, Alton K. Burton, Atty/CPA, a principal of A.K. Burton, PC, as both an Attorney & CPA, can draft the estate planning documents for you.

Alton K. Burton, Atty/CPA, a principal of A.K. Burton, PC, as both an Attorney & CPA can also assist in the estate administration process.

A.K. Burton, PC or Alton K. Burton, Atty/CPA, a principal of A.K. Burton, PC, as both an Attorney & CPA can prepare the required Federal and/or Estate Tax returns due.

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. A.K. Burton, PC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation
  • Litigation support

We can help set up financial reports for your view to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.

Advisory Services

At A.K. Burton, PC, we focus on building close client relationships that add long-term value. This includes evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution on an as needed basis. We feel that, our clients may benefit from objective analysis that we are able to provide in order to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our advisory services include:

  • Entity selection and restructuring
  • Accounting software selection, implementation, and support
  • Business valuations
  • Financial projections and forecasts
  • Debt and finances advising
  • Mergers and acquisitions
  • Transaction structuring and negotiations
  • Business succession
Compilations

Compilations (compiled financial reports) are usually requested for internal purposes or for bank loans and are based upon information provided by company's management. A.K. Burton, PC can assist by preparing Compilations on as needed basis.

Financial and Retirement Planning

A.K. Burton, PC wants to help you reach your financial goals. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, tax, estate, and business exit strategy. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.

IRS Representation

Do you have a notice from the IRS? What are you supposed to do now? Send your letter and questions to A.K. Burton PC. We will review your situation and guide you through your IRS situation.

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. A.K. Burton, PC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Entity Selection and Restructuring

Our focus is on small businesses and their owners. From your company's inception through its growth and development, Alton Burton, Certified Public Accountant wants to be there for you. We can advise you on choosing an entity type and later help with restructuring it, if the situation changes and it becomes advantageous to restructure the entity at that time.

Quickbooks Accounting Help And Assistance

QuickBooks can be a helpful tool for your business. It can provide useful and timely information in the form of financial statements, reports and graphs. A.K. Burton, PC offers the following solutions to help meet your QuickBooks needs:

  • Setup - We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
  • Support - Our QuickBooks support service can assist you with installation, setup or operation assistance. We can also provide accounting and payroll assistance.
  • Accountant's Copy – We have found that client's benefit greatly by providing us with an Accountant's Copy of their Quickbooks. By providing us with an Accountant's Copy, clients are able to continue using their Quickbooks while we are able to make the needed corrections, adjustments or reclassifications to ensure that the financial information you receive reflects the correct financial condition of your business. You may send us an Accountant's Copy in order to make aforesaid corrections, adjustments, or reclassifications at any time.
Payroll Services

A.K. Burton, PC's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns. Most of our payroll is focused on monthly and annual reports filed with federal and state agencies.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. A.K. Burton, PC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. We can help you analyze your spending, rebalance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level.

Mergers, Acquisitions, and Sales

Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Alton K. Burton, Atty/CPA, a principal of A.K. Burton, PC, as both an Attorney and CPA, can provide additional insight to help you successfully structure and negotiate the deal. Expanding or contracting your business is a huge undertaking; let us help you with making the tough decisions.

Debt and Finance Advising

Whether your needs are corporate or personal, A.K. Burton, PC's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.