Accounting
Bookkeeping:
END YOUR PAPERWORK STRESS...
On Point Solutions helps you sort, organize and handle all the mountains of paper that stack up - even for a small business.
STOP WORKING AFTER HOURS...
Relieve yourself of the stress of a never-ending day. You need time with the family and time to rest. Handling your own bookkeeping after a full work day or after dinner time can be exhausting. Delegate to professionals who have the time and expertise to get it done right the first time.
MAKE MORE MONEY…
Good financial records put you in control. You will be more profitable since you can react quickly to business challenges and trends. Stop paying late fees and become more competitive. Start enjoying what you like to do best and leave the bookkeeping to us.
On Point Solutions is a full service bookkeeping company, providing your business with the most comprehensive bookkeeping support, tailored to your specific needs.
Call us now at 636-717-6588.
Accounts Payable/ Cash Disbursements
- Computerized posting and payment of accounts payable
- Enter individual detail of manually paid invoices
- Enter monthly totals of manually paid bills
- Bill pay service
- Bank reconciliation of checking account
- Accounts payable reports
Accounts Receivable
- Originate invoices for you to send to your customers
- Monthly/Periodic statements
- Posting from your detailed sales invoices
- Posting of monthly totals from your receipts records
- Accounts Receivable reports
Payroll Services
- Computing payroll
- Printing payroll checks
- Computing tax deposits
- Paying tax deposit
- Quarterly payroll reports
- Year-end W-2'S, 1099, etc.
- After-the-fact payroll handling
- Maintain employee earning records
Other Services
- Send your financial statements to tax preparer
- Sales tax reporting
- Worker's compensation reports
- General ledger/Financial statement review of your work
- Assist clients in setting up accounting on their office computer
- Review client-generated books
- Binders and Financial aid materials
- Union reports
- QuickBooks training and setup
- Financial statements
- Balance sheets
- Income Statements
- General Ledger/Journal Entries
- Job costing
For more information on how we can help you with your bookkeeping call us now at 636-717-6588.
Business Consulting:
What Makes a Great Business Tax Accountant?
It’s the Planning
Whatever products or services your organization provides; strategic tax planning is a crucial part of your strategic plan if you hope to grow your business. Progressive organizations need to stay true to their visions. and that means constantly reevaluating their business practices and profitability models. You may well think about next week — but you also think about the months and years ahead.
Your business tax accountant needs to think the same way. To meet ever-changing tax and compliance regulations, you need to take a year-round approach — and that means not getting caught with your guard down and tossing massive hours at the invariable problems that arise every time peak tax season rolls around.
It means implementing a strategic tax and compliance plan that allows you to leverage tax law to maximize profits while freeing your business to concentrate on what it does best — serving its customers.
On Point Solutions recognizes that our clients — both publicly and privately held companies — need more from their business tax accountant than ever before. A key way that commitment manifests itself is in the form of short and long-range strategic planning.
For more information on business consulting call us now at 636-717-6588.
Financial Statement Preparation:
Financial statements are prepared for a number of reasons including obligations imposed by the Income Tax Act 2004 and the Companies Act 1993. These place certain requirements on businesses to provide annual financial statements.
To help fulfill these needs we can assist with the preparation of financial statements for all entities in the most tax efficient manner. Call us now at 636-717-6588
Look to Us for All of Your Reporting Needs, No Matter How Small
You have assurance needs that don't require an audit. We can provide reviews and compilations that are less in scope than an audit. Typically, we provide these services to smaller, closely held businesses where the assurance provided to third parties as a result of the audit process are not required.
Our Approach
We perform compilations and review services in accordance with the Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.
A compilation is limited to presenting in the form of financial statements information that is the representation of management.
A review goes a step further than a compilation. In addition to inquiries of company personnel, we perform analytical procedures applied to financial data.
Both engagements are substantially less in scope than an audit performed in accordance with generally accepted audit standards. However, we will prepare formal reports explaining our responsibility for the financial statements.
How You Will Benefit
We have developed formal policies to cost effectively perform a review or compilation engagement and can help you evaluate the best service to fit your reporting needs. Call us now at 636-717-6588.
What do you need from your business tax accountant?
Extensive resources and experience? Personalized service? A fee structure that’s reasonable, easily understandable and delivered with no surprises tacked on at the end of the tax cycle? Dedicated and talented accountants who don’t burn out after each busy season and leave their firms in search of greener pastures? Experts with a oad and deep understanding of tax law and all its implications?
On Point Solutions understands that in today’s business climate, you need a significant level of commitment, service and expertise from your business tax accountant. To meet that challenge, we partner with your organization at every phase of the accounting or auditing process.
On Point Solutions, is committed to helping our clients navigate ever-changing tax laws and compliance issues in a cost-effective, time-efficient and resourceful manner. and we have the proven expertise and experience to create focused solutions for all of our clients’ taxation and auditing challenges.
- Individual Returns
- Corporate Returns
- Non Profit Returns
- Partnership Returns
- Trust Returns
- Sales / Use Tax
- IRS Audit Support
Non-Profit Applications and Tax Prep
We make 501c3 simple: No IRS forms to complete...no IRS agents to talk to...no complicated paperwork on your end whatsoever. We provide personal, one-on-one consultation, preparation of all documents, applications and attachments, plus direct IRS representation. If the IRS has questions, they deal with us, not you.
We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
- Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
- Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
- Functional Expense Statement with all the expenses allocated to either program services, fundraising or operations.
- Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
- Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.
The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.
Here's what we do for you...
- Review and compile your financial statements
- Design, install and maintain your accounting system
- Weekly, bi-weekly or monthly payroll preparation
- Payroll tax preparation and deposits
- Provide training for your accounting personnel
- Complete and file your non-profit status application
- Provide training for your board on non-profit financial statement usage and effective budgeting practices
- Prepare and file the 990 and 990T tax forms
- Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN) and payroll setup with federal and state agencies.
If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status. Call us now at 636-717-6588.
Here's what's needed...
Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").
- Employer Identification Number
- By-laws of the Organization
- Minutes of Board Meetings
- Names, Addresses and Resumes of Board Members
- Names and addresses of all Active Members
- Inventory of Assets like cash, furniture, equipment, property, pledges...
- Inventory of Liabilities like mortgages, accounts payable, loans...
- Rent/Lease Agreements and Contracts
- Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
- Written Reason for Formation and History of the organization.
- Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
- Organization Activities, Operations and Programs Documentation including your statement of purpose and operations, food programs, fundraisers, flyers/brochures/pamphlets...
- Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
- Fund Raising Program Descriptions
- IRS Processing/Filing Fee
We are happy to prepare any of these items if you need help. Call now 636-717-6588.
QuickBooks Consultations and Training:
Confidential individual consultations are available to provide clients with a wide range of bookkeeping support tailored to their specific personal abilities and particular business needs
- Develop initial bookkeeping strategies
- Paperwork and work flow organization
- Training and setup QuickBooks
- Arranging personal financial systems file setups, bill paying systems, year-end organization, pretax preparation.
Training is an integral part of the services On Point Solutions provides. Even with a full charge bookkeeper, business owners still have some paper handling responsibilities. On Point Solutions believes in working with clients to help them in these areas as well. Call us now at 636-717-6588.
- How to read financial statements
- Help clients interpret their tax preparer's instructions
- Show clients how to save tax preparation fees through organization
On Point Solutions offers QuickBooks solutions to companies who are struggling with their books. Companies who are in need of expert QuickBooks setup, clean up and training services.
You have a business to run . . . solving problems and putting out fires. Let the professionals at On Point Solutions get you up to speed in QuickBooks quickly.
With more than 30 years of accounting experience, the professionals at On Point Solutions focus on giving clients personalized attention, superior service and value-added solutions. Whether you need QuickBooks accounting software customization and setup orcleaning up problem books and training; you can rely on On Point Solutions. We are the Advanced QuickBooks Specialists!
On Point Solutions provides experienced QuickBooks help and consulting services to small businesses (home based, startups and existing) who are using or planning to use one of the following QuickBooks accounting software programs:
- QuickBooks Simple Start
- QuickBooks Pro
- QuickBooks Premier
- QuickBooks Enterprise Solutions
On Point Solutions, offers a variety of QuickBooks services to best suit your company's needs: Call us now at 636-717-6588.
QuickBooks Consulting Services
As QuickBooks Specialists, our consultants can analyze your company's accounting processes and needs and develop an effective program that best works for your company. Did you know that QuickBooks can be customized? Did you know that accounting routines can be streamlined to help save time and reduce repetitive errors? What normally may take 1 hour can be reduced to minutes when QuickBooks is tweaked, tuned and automated.
On Point Solutions goal is to help you alleviate your accounting hassles by providing you with experienced proven results, value-added solutions and balanced books! Call us now at 636-717-6588 to discuss your needs.
Taxes:
Tax Audit Representation
If your tax return is selected for examination, our experienced staff and associates can represent you before the IRS. We are well versed in the Revenue Code and tax laws and ensure you are allowed every legal deduction.
Tax Preparation
We know and underst and the audit process and how to deal with IRS examiners and examinations. Hire a representative and rid yourself of some of the stress and pressure involved in an extensive audit.
We know what the IRS examiner will do, what he will look for and how to prepare for the audit thereby tipping the scales in your favor.
Call us for more information on the audit process and the benefits of using a representative. Call 636- 717-6588.
