Back to top

Services

Magers & Associates, LLC offers a complete range of accounting, tax and consulting services to meet the needs of your business. Our primary services include accounting, controllership, tax planning and preparation, QuickBooks support, entity selection, incorporation support and business consulting. In addition, we offer specialty services to meet the unique needs of each individual client. Contact us today for a FREE Initial Consultation.

Our professional services include:



Small Business Accounting

Small businesses today need a strong network of support -- from advice about tax issues and employee benefits, to assistance with technology and marketing. Magers & Associates, LLC, a Jacksonville CPA firm, can be a trusted partner in that network.

As your financial advocate, Magers & Associates, LLC provides the accounting support you need. By focusing on ways to maximize tax savings, utilizing the most effective technologies, and maintaining an impeccable reputation, we support your success at every step.

Magers & Associates, LLC -- providing a variety of accounting, tax, and financial services to Jacksonville business owners, including:

Tax Planning Services

We live an in increasingly do-it-yourself world, with access to tax information through the internet, and technology seemingly designed to make our lives easier, we all want to take more control and save more money.

As a small business owner, it is important to remember that the benefits of having a professional handle your taxes could end up saving you much more than the fee's charged. A Jacksonville CPA firm like Magers & Associates, LLC can end up saving you not only a vast amount of time and frustration but a great deal of money as well.

Our tax planning and tax preparation services include:

  • Preparing tax returns for businesses and individuals
  • Tax planning
  • Tax alternatives and ways to reduce your taxes
  • Payroll tax forms
  • Alternative minimum tax planning
  • IRS problem resolution
  • IRS tax compliance audits
  • E-file

Assurance and Advisory Services

Magers & Associates, LLC, a Jacksonville CPA firm provides audit and assurance services to a wide variety of small businesses and nonprofit organizations.

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.

Our experienced and knowledgable staff is committed to providing audit services with integrity, objectivity, independence and strict adherence to all professional standards, regulations and laws.

These services include but are not limited to:

Audits, Reviews, and Compilation

Magers & Associates, LLC's financial statement services comprise all three levels of assurance depending on your company's needs.

Audits

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information, while adhering to the strict guidelines of the AICPA and GAO. You may find our most recent AICPA Peer Review Certificate of Recognition here.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

QuickBooks Consulting Services

As Certified QuickBooks ProAdvisors we provide support on all phases of QuickBooks to make your accounting/bookkeeping life easier. We have the skills and knowledge to install, setup, train and support our clients who use QuickBooks.

Your accounting system should not only do your bookkeeping, but it should be a tool to help you manage your business. We understand the bookkeeping challenges you face and know that keeping accurate records is vital to your business success.

Our QuickBooks accounting services deliver both Set-Up Support and Ongoing Support.

Quickbooks Set-Up Support

We want to be sure your QuickBooks file is set up properly as this will assure ongoing support, ease and tax planning to be delivered in the most cost effective format.

Choosing the right version of QuickBooksWe will help you select the right version of QuickBooks based on your computer platform and the specific type of business you are running. Using the correct version of QuickBooks is a big time and resource saver.

Setting up your QuickBooks File

We will set up QuickBooks to run on your computer(s) and also set up your company within QuickBooks so it runs accordingly. In addition, we will set up a Chart of Accounts that is customized to fit your specific business needs.

Training on Posting Transactions

We will initially train you on how to use the most important features of QuickBooks, including how to properly record payments and deposits, etc so you can keep your books. Once you are comfortable, we can expand this training to other elements.

On-Site or Off-Site Training

Whatever is convenient for you, we can deliver training at your location, ours- or remotely, whatever is more convenient for you.

Making Corrections to Your Existing QuickBooks File

If you have been working on your QuickBooks file and it is not correct, we will uncover the issues and make corrections, then show you how to manage these issues going forward so the file does not revert back to its incorrect state.

Learn more about our ongoing support.

Quickbooks Ongoing Support

We provide ongoing QuickBooks support on all phases of the program for our existing clients on demand. Just like you, we want your books to be in good order as this makes our services more efficient and keeps fees down.

Reconciling your bank accounts in QuickBooks.

An important part of keeping a proper set of books and assuring that no numerical errors have been made by you or your bank is balancing your checkbook at the end of the month (i.e. reconciling your bank account). We will show you how to do this using the QuickBooks program.

Online banking set up and coordination with QuickBooks.

If you would like to pay your bills online, QuickBooks can by synchronized with your bank account and automatically record your transactions. This is not a requirement, but if you want this feature, we can set it up properly.

Printing and customizing reports for your specific needs.

Depending on the type of business you are running, you will want certain reports daily, weekly or monthly so you can oversee your operations. We will help you determine which reports are best for you and then set them up within QuickBooks.

Overseeing your bookkeeper.

If you have a bookkeeper operating QuickBooks for you, we will oversee them to be sure he/she is entering transactions properly and be available to answer any questions your bookkeeper may have about your QuickBooks file.

Inputting of credit card transactions.

If managing your credit card transactions is an issue for you, you are not alone. We will show you a variety of techniques to handle this so your life can be made easier and you are no longer bogged down in this area.

Accounts receivable & Invoicing.

Depending on the type of business you are running, you may want to keep your Account Receivable on QuickBooks so you can track who owes you money. In order to do this, you must know the essentials of entering data in QuickBooks for this feature to run properly. We will show you how.

Entering of payroll.

Whether you are using a payroll service or doing it yourself, we will show you how to enter payroll into QuickBooks.

Accounts payable: Entering bills and paying bills.

Depending on the type of business you are running, you may want to keep your Accounts Payable on QuickBooks so you can track who you owe money to. In order to do this, you must know the essentials of entering data in QuickBooks for this feature to run properly. We will show you how.

Tracking Inventory.

Depending on the type of business you are running, you may want to keep track of your Inventory on QuickBooks. In order to do this, you must know the essentials of entering data in QuickBooks for this feature to run properly. We will show you how.

Budgeting & Cash Flow Management.

Whether you have a new or existing business, a good management style is essential to for success. Part of good management is anticipating results and thus budgeting plays a key role. We can show you which parts of your business need to be budgeted and how to go about it.

New Business Advisory Services

At Magers & Associates, LLC, a Jacksonville CPA firm, will work with new and developing businesses throughout the Jacksonville area to help simplify business formation and entity selection.

We'll take the time to learn more about your business plans so we can recommend the right entity type. We'll explain the advantages and disadvantages of each type of business entity so you can be confident that your choice not only suits your business needs now, but that it will also minimize future tax liability during your profitable years.

Our new business advisor services include:

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Magers & Associates, LLC combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Magers & Associates, LLC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance 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. With our help and guidance, you will always be on top of your finances and ready for the future.


Information Request for Services Listed Above