Accounting, Tax Preparation & Support

Reducing paperwork, reducing headaches and making the numbers work for you is our goal. Our team of professionals are committed to excellence and ready to provide the solutions you need.

Louis Mamo & Company offers much more than traditional accounting and tax services. In addition to the many areas outlined here, we are also proficient in Financial Statement Preparation, Financial Forecasting, Forensic Accounting and Cost Analysis among other financial subjects. We also provide management consulting services.

Our team of Certified Public Accountants (CPAs), QuickBooks ProAdvisors, Tax Planning Experts, new business formation consultants and other specialized business advisors have more than 200 years of combined experience and commitment to excellence and are ready to provide the solutions you need.

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Support

The Basics

  • Providing Support Monthly, Quarterly or Annually
  • Preparation of your General Ledger and Other Supporting Documentation Required by the IRS and other Tax Agencies
  • Payroll Record-Keeping
  • Preparing your Year-End Forms W-2, W-3, and 1099
  • Worker’s Compensation and Census Bureau Report Preparation
  • Interviewing and Training Competent Staff for you

Specializing in

  • Business accounting
  • Personal accounting
  • Small business accounting
  • Management accounting
  • Tax accounting
  • Construction accounting
  • Advanced accounting
  • QuickBooks Accounting and Software
  • Software accounting
  • Project accounting
  • Accounting systems

Providing Answers About

  • Accounting practices
  • Accounting systems
  • Accounting solutions
  • Business accounting software
  • Small business accounting software
  • Online accounting
  • Accounting methods
  • Accounting principles

With all our experience in the accounting field we can be your accounting dictionary. Let our accountants make your life easier and less stressful. No matter what your accountant requirements might be, check with our firm first!

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QuickBooks Consulting & Training

You focus on your business. We’ll focus on your books. At LMC, we are proud to offer our QuickBooks expertise with the flexibility to meet your needs. Whether you require our services monthly or as needed, get the peace of mind you deserve. At LMC we provide a number of QuickBooks consultative services. If it’s QuickBooks training you need, whether you are a beginner and want to learn how to use QuickBooks or you already know how it works and just want to polish up on your skills, you can learn it here as our QuickBooks Certified ProAdvisors are available to assist you at any time.

  • Tips and tricks for working faster and more efficiently in QuickBooks.
  • Customize QuickBooks to your business.
  • Create your company’s books from “scratch”.
  • Set up accounts, customers, vendors, items, and jobs.
  • Correct errors in your QuickBooks file.
  • Customize your chart of accounts to give you meaningful financial statements.
  • Prepare and process estimates, invoices, sales receipt, credits, refunds, bank deposits, and customer statements.
  • Enter and process checks, bills, and payments.
  • How to reconcile bank accounts. (and what to do if they don’t balance)
  • How to track your cash flow.
  • Set up and process payroll.
  • Set up and charge sales tax.
  • Set up and charge credit cards.
  • Manage each part of your business using divisions, jobs and classes.
  • Set up budgets, and track budget versus actual results each month.
  • Enter special transactions including bad debts, petty cash and automatic bank debits.
  • Set up and use QuickBooks Pro and Premier with multiple users on a network.
  • Find and fix common mistakes made with QuickBooks. Handle “tricky” situations including NSF checks and customer deposits.
  • Get a handle on retail sales and online banking.
  • Learn advanced reporting techniques and integration with Microsoft Excel.
  • Prepare and file your federal payroll-tax returns.
  • Generate reports to file your federal payroll-tax returns.
  • Handle unique payroll situations, including employee loans, releasing employees, and more.
  • Customize the appearance of your sales forms.
  • Add your company’s logo to your sales forms.
  • Perform a year-end close with QuickBooks. Backup and restore your data files.
  • Export your QuickBooks reports to other programs such as Excel.
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Outsource Accounting

  • Are You “Flying Blind” in Your Business?
  • Are you trying to “Run It” with only your check-register for Information?
  • Do you dread having to hire and manage an army of bookkeepers and accountants who will drain your company’s bank account?
  • Do you want a “Steady Flow” of accurate, up-to-date reports on your sales, profits, and cash flow while spending zero time to produce them?

If you answered YES to any of these questions, then you owe it to yourself to discover the benefits of outsourcing your bookkeeping, accounting, and tax functions. Louis Mamo & Company will take on the headaches and expense of your accounting and tax operations, including:

  • Writing checks. We’ll use accounting programs to write and record your checks. You still sign the checks, to maintain control over your money.
    Depositing your sales proceeds, into your bank account every day.
  • Process your payrolls, depositing your payroll taxes, and preparing your payroll-tax returns on time, to avoid costly penalties.
  • Preparing sales invoices and monthly statements, Collecting you receivables promptly.
  • Preparing reports for you daily, weekly, and monthly on every key element; your sales, expenses, cash receipts, cash disbursements, profits, and cash flows.We customize the reports to give you the information that you want, to run business your way. We send you the reports however you want to receive them: by Fax, by email, by FedEx, and by the U.S. Mail.

Be free to do what you do best: get new customers and clients, increase your sales, negotiate purchases to cut your costs, find deals, and make more money.

Tax Preparation

  • All Federal and State Income Tax Returns for Individuals, Corporations, Partnerships, Estates, and Trusts
  • Individual and Corporate Electronic Filing
  • All Quarterly and Annual Payroll Tax Returns
  • All Tangible Tax Returns
  • Sales and Use Returns
  • Amended Returns
  • Past-Due Return, including returns covering several years
  • Financial Statements
  • Professional Preparation of Financial Statements Monthly, Quarterly or Annually
  • Comparative Financial Statements and Budget Analysis
  • Financial Statements can be prepared using any of the following methods:
    • Generally Accepted Accounting Principles or “GAAP”
    • Accrual Basis
    • Cash Basis
    • Tax Basis
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Financial Representation

  • Representing you in Audits by the Internal Revenue Services, including Appeals Division and Federal Tax Court
  • Representation in all Tax Audits, to Minimize your Penalties and Assessments
  • Worker’s Compensation Audits
  • Sales and Use Tax Audits
  • Loan and Venture Capital Negotiations

Litigation Support for Legal Counsel

  • Evaluation of assets for Divorce and Separation Agreements
  • Comprehensive Tax Research
  • Preparation for Tax Court
  • Business Evaluations for Individuals, Partnerships and Corporations
  • Assistance to Determine Assets for Discovery
  • Compilation of Discovery Information Involving Business Fraud
  • Compiling information for Creditors to use in Liquidation
  • Assisting Court-Appointed Receivers Involving Bankruptcy or Liquidation
  • Tax research for use in Legal Opinions on all State and Federal Tax Matters as well as on Tax Treaties Between the United States and Other Countries
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Divorce Financial Analysis

  • Analysis of Long Term Financial and Tax Impact of a Divorce Settlement
  • Evaluation of Assets for Divorce and Separation Agreements
  • Achieve an Equitable Division of Property Including Investment Assets, Retirement Assets, and Personal Residence
  • Equitable Divide Debt
  • Properly Structuring Alimony and Support Payments
  • Protecting Alimony and Child Support Payment by Utilizing Life Insurance and Disability Insurance
  • Determining Optimum Division Method of Retirement Assets
  • Utilization of Qualified Domestic Relations Order for the Division of Pension Plans
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Let's Talk

Have a question? Connect today with LMC. We look forward to speaking with you about your Accounting, Business or Marketing needs.

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