Business Accounting Advisory Services

Karen Collom, CPA, is currently not accepting new Business Clients.
Please check back, as we will update this page regularly.

Transform Your Business

At Karen Collom, CPA, our team embraces a wholistic approach to Accounting Advisory Services. We strategically create personalized plans that encompass both the client's business and personal objectives, along with tailored strategies to not only achieve, but surpass, these goals.

Our core mission is to empower our clients to make well-informed financial decisions, minimize tax burdens, uphold adherence to pertinent legal requirements, and enhance their overall financial performance. The specific services provided may fluctuate based on individual client requirements and the specialized expertise within our advisory firm.

We offer three levels of service:

Administrative/ Essential
Professional
Executive / Premium

Additional services can be added to any package, should a client prefer a more customized solution. Individual tax return preparation and personal tax planning strategy sessions for the business owner(s) with document portal access for their personal documents can be added at an additional cost and included in the monthly service billing.

Our Services

Administrative/Essential

The Administrative/Essential package is for business clients that are looking for a standard tax preparation package. This solution offers the tax expertise, typically found in larger companies, at a fraction of the cost.

Package includes:
Tax preparation (Business only)
(1065, 1120, 1120S, Schedule C)
Document Portal Access
Tax Return upload to Portal
Paperless workflow
Email support
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Professional

The professional package offers the next level of service to companies and firms that do not choose to completely outsource their accounting function.

Package includes:
Administrative package +
Monthly Bookkeeping review
Reconciliation of Bank statements
Payroll Services Available
Online Access to Pay Stubs
Direct Deposit
Phone Support (48 hour response)
QuickBooks Online Subscription
QB Training/ Support (1 hr per month)
Receipt Bank Account for Receipt Tracking
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Executive/Premium

For clients that need a higher level of service and a more robust plan, we offer the Executive/ Premium Package. This allows our clients to outsource essential functions of their accounting department to our team. We handle the day-to-day accounting & bookkeeping, along with tax preparation and a monthly Controller review of the books.

Package includes:
Professional Package +
Monthly Bookkeeping by firm
Monthly Controller review of books
Dedicated email for questions
24 Hour phone/email response
2 Strategy/Planning sessions
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Tax Minimization Strategy

The experienced professionals at Karen Collom, CPA, assists our clients with all aspects of tax planning and compliance so that our clients understand all tax implications before they make important business decisions.

We thoroughly review our clients’ business structure and financial position so that we can develop a fully customized tax strategy, aimed at saving them money and making their business more profitable.

Our business tax planning and compliance services include:

Tax planning
Cost Segregation
Inventory and Tax Accounting Methods Assessment
Mergers, Acquisitions and Reorganization
Tax Preparation for Privately-held Companies
Multi-state, State and Local Taxes
IRS Audit Representation
Tax Credits and Incentives
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Tax Preparation

Tax regulations and requirements are complicated, and it seems that each tax year brings new changes. Trying to navigate through all the details can be a difficult task for any business owner.

Our team eases our clients’ tax burden and helps minimize their tax liability while deferring expenses and income that can reduce a business’ tax liability and allow them to pay less in taxes

Our team offers tax preparation services for:
Sole Proprietors (Self Employed)
General Partnerships (1065)
Limited Liability Companies (LLC)
S Corporations (1120S)
C Corporations (1120)
Non-Profit Entities (990)
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New Business Set-up & Consulting

Karen Collom, CPA, provides small business tax preparation and consulting services to entrepreneurs, coaching new business owners as they journey through the first two years of their company’s evolution. In addition to establishing accounting practices and setting up the new business with the appropriate software, our team provides guidance with entity selection and structure.

Once an entity structure is chosen, we assist the new business owner with a thorough accounting review of a new company book that was created when the entity is formed.

We support our business clients with consulting, payroll, Quickbooks* ® training and contract CFO Services. Using cloud-based services, we work with our clients to create a Quickbooks* account and train them in the software.
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