Business Services

 Accounting & CFO Services View Your Vault

Our bookkeepers provide exceptional accounting help from basic to advanced assistance or train your existing staff. Accounting services may be provided on site or remotely and at a logical frequency determined by you and our team. We understand the importance of ethical bookkeeping, accounting practices and accurate financial data at an hourly or flat, monthly rate that you can afford.

Software & 3rd Party App Specialist: Accounting system conversions, software support and training

• QuickBooks®
• PeachTree®
• BusinessWorks®
• Microsoft Great Plains Dynamics®
• Wave
• Xero
• Receipt Bank
• TSheets
• Bill.com
• Expensify

Full Charge Bookkeepers: Weekly, Bi-Weekly, Monthly, Annually or À la Carte

• Record vendor bills and sales invoices
• Process vendor checks, customer payments and deposits
• Generate and send monthly customer statements
• Reconcile vendor statements
• Enter adjusting journal entries
• Conduct monthly and fiscal year-end close including
• Update vendor W9 information and generate 1099’s
• Bank and petty cash reconciliation
• General and subsidiary ledger reconciliation
• Payroll and payroll tax payments and reporting
• Sales/Use tax returns
• Multi-state reporting
• Annual 1099/1096 processing

QuickBooks® Training: Our certified QuickBooks ProAdvisors offer group or individual QuickBooks training session(s) at your facility or off- site. Training materials are included with each session and discounts are extended with most group sessions.

Controller / CFO Outsourcing

Our consultants are well-versed in financial management, data analysis and best practices. We integrate with your team to develop, execute and support business strategies. We’ll run and review your key predictive indexes to enable you and your management team to make business decisions with performance factors in mind.

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We partner with a variety of solution providers, like ReceiptBank, to improve overall efficiency. Saving you time and money on your bottom line!

Tax Preparation & Planning View Your Vault

5 Star Accounting & Business Solutions provides a range of year-round tax services. We cover all areas of tax preparation, planning, un-filed returns and multi-state income. Our dedicated staff will remove the burden of planning and maximizing your returns by asking the right questions, gathering important information, strategizing and evaluating tax implications for you and your organization.

Simplify your process and free time by utilizing your own, secure and encrypted client portal to share and transfer data from the luxury of your own home or office. Prefer to drop-off? We welcome you, look forward to seeing you and will simply scan your documents to our secure server and return the hard copies to you for safe keeping.

• Individual
• Corporation
• S-Corporation
• Partnership
• Tax Exempt
• Estate
• Federal
• Local
• State

Payroll

There’s nothing better than personal attention from a local, trusted payroll company and adviser who knows your business. You and your employees will be pleased with our employee and employer, online portal to run payroll, generate reports and view pay stubs. Employees can access and print historical pay-stubs and get notified of their upcoming payroll.

No more IRS or FTB penalties! Did you know that each year, 1 out of 3 small businesses pay a penalty to the IRS? With our payroll services, you’ll never miss a tax deadline or pay the wrong amount.

Additional Benefits: Pay-as-you-go workers compensation, QuickBooks synchronization to eliminate data entry, automated time tracking and e-mail reminders.

Accurate, online payroll services you can count on
We prepare, file and submit payment for your federal and state payroll taxes including:

• 941/944 quarterly forms
• Year-end 940 forms
• Employee W-2’s or Subcontractors 1099’s

All of your payroll services and information will be maintained with online payroll and available: employee records, past pay stubs, tax filings, and records of tax payments. You and your employees will be pleased that your paychecks can be electronically deposited into employee bank accounts with our Direct Deposit service. No more trips to the bank! We also provide professional pay stubs detailing the current and year-to-date withholding’s, vacation and sick time.

Business Consulting / Advisory / Formation

We understand each phase of starting a new business, expanding an existing business, limiting exposure or succession planning. A clearly defined plan, risk assessment, marketing strategy and efficient workflow solutions from technology to processes will reduce liability and cost and position you for sustaining your business objectives. As your interim partner in business, we’re there to align your goals.

• Business Development Plans (new or existing business): Are you constantly making decisions on a whim? Are you entirely comfortable with the decisions that you make and do they support your short and long-term business goals? Do you know what your business goals are? 5 Star A.B.S. will help you develop a comprehensive business plan that supports your vision, leads to a clearly defined budget and reduces the stress of daily decision making.

• Management Consulting / Workflow and Operational Assessments: Inefficient workflow or operations and a lack of policies and procedures are not as visible; therefore, costing many businesses valuable money, increasingly with time. Our consultants will evaluate your current processes and procedures and make recommendations and/or assist with improvements or create new procedures for newly formed business.    
  

• Marketing: Our consultants specialize in several areas but we don’t claim to specialize in everything. However, we understand the need and great importance of marketing strategies and implementation. 5 Star A.B.S. has partnered with valuable marketing resources to support your existing plan and create/implement new strategies including website design, content writing, social media, SEO, printed publications and advertising material, grand openings/launch, press releases, blogs or newsletters and much more. We work hand-in-hand with our partners to ensure your strategies meet your budget and are appropriate for your industry/business.

Making a business entity selection will have varied tax and financial impacts. It’s important to understand your options and the effects your decision will have on tax and liability. Whether you are forming now or considering a change in election, our advisers will walk you through the options and assist with the process and paperwork.

Tax Tools

• 2018 Tax Organizer & Privacy Policy
• Non-Profit Tax Organizer