We believe in building a long-term relationship with our clients. Therefore we take special care of their needs and as part of their financial team often arrange meetings with their staff. We have a team of highly qualified and experienced professionals at your service, and they provide you honest, reliable and quality service. Whether you need the power to use today’s numbers to identify opportunities, uncover problems, benchmark against competitors, even out cash flow, minimize tax liability, or present the best business case to loan officers and investors, we are there to help you. At Accounts International, an accounting firm in DC, you can have the satisfaction that your finances are being well handled.
Accounts International’s services in Washington, DC
Our firm provides following services in Washington, DC:
We provide Tax Preparation and Compliance services Washington, DC which serve the client in preparing tax by tackling uncertainty in laws.
The passing of each new Congressional tax act is making it more and more difficult for an average person to prepare their returns efficiently to take advantage of available credits and deductions. However, certain tax preparation strategies can ensure that individuals neither pay more than the required amount nor they risk being audited by paying less than the actual cost. Accounts International’s Strategic Tax Planning Advisory Service provides tax preparation services DC to individuals and business clients on individual/corporate tax planning, tax return preparation, and audit issues. We also advise our clients about personal/business deductions, the timing of transactions, the proper form of business entity (Partnerships, C corporations, S corporations, LLCs), and the operation and administration of the tax aspects and how they should report business and capital transactions. Our clients include aggressive start-up companies, established closely held businesses, wealthy individuals, and families.
We believe that tax planning is a continuous process rather than a reactive process of steps taken at the end of the tax year. Therefore we focus on strategic tax planning throughout the year based on goals and sound business and personal financial practices. Planning is imperative because once the year ends it is too late to go back and reverse a tax implication occurrence.
We meet with a member of our professional staff to discuss your current tax status, potential tax effects of you or your business activities and develop effective tax preparation strategies based on your needs. Through our customized financial modeling we develop year-by-year tax projections, continually aligning with your goals and objectives as well as mandates dictated by tax laws. During the process, we meet with you periodically to keep you updated on your projected tax situation. Our tax accountant Washington, DC, works with you throughout the year to help you look for savings and take advantage of tax laws to minimize your tax burden.
During tax season we will prepare your return(s) and if during this period IRS or any other taxing authority contacts you, we will represent you before them.
Medical Accounting services Washington, DC are provided to help the physicians manage their finances.
Physicians normally hesitate to discuss financial matters, but in today’s environment, the communication between a physician and his financial advisor is very important. Practice management, revenue generation, medical accounting Washington, DC and personal taxes are areas that require year-long interaction between the parties. Practice management is an area in which Accounts International, the best CPA firm in Washington, DC can assist with suggestions of best practices. A physician who knows and understands his/her office can generate maximum revenue.
We help you to run your practice smoothly. Frequently, doctors must do more work with many employees, which decreases the likelihood of adequate internal controls. If too many employees handle cash without guidance, it can lead to mismanagement and fraudulent activities. Our medical accounting services provide a layer of oversight and management over the service-to-payment process.
Our complete financial management solution is founded on two basic tenets:
- Maximize collections and
- Establish and maintain internal controls.
Our approach maximizes collections and maintains the integrity of internal controls. We have built our processes on best corporate practices associated with cash and receivable management. We along with your staff establish procedures and improve internal controls based upon established management practices.
A general framework of point of discussion with our physicians typically includes the following:
- Practice management;
- Personal taxes;
- Miscellaneous issues.
Physicians even though highly skilled in their fields are not very well informed when it comes to medical accounting and finance. Often they leave this task to office management without any supervision, which can turn out to be very risky at times. Physicians face time constraints and show reluctance in working with a CPA. With the advent of the Affordable Care Act, practice management has become confusing for many physicians. They must not only know about these laws but also adapt their practices according to these laws. The problems that arise under these conditions must be resolved.
Every physician must hire a competent accountant at the beginning of their practice. We will help the physician to establish an adequate chart of accounts and a system of checks and balances to avoid fraud. Most importantly we will build a long trusting relationship with them.
We work with physicians to review the management of the practice, offer suggestions, and share ideas, produce and review financials, make notes and initiate changes as necessary. This requires collaboration with the doctor and office management of the medical practice.
Loss and Fraud Prevention services Washington, DC are provided to strengthen controls within the company for minimizing financial risks.
A proactive approach is required to identify and prevent losses, income and assets.
“Loss Prevention Shield is the foundation of financial risk management for individuals and organizations. Everyone must be proactive in shielding income, assets, and business interest to protect their future livelihood. Our mission is to minimize the risk of financial loss through analysis and identification of financial risk areas and addressing those risk through developing a loss control program“– Medhat Bahnan, President Accounts International, LLC
According to a recent “KPMG fraud survey” organizations are reporting more frauds than in prior years and most of them don’t have any loss and fraud prevention measures. Accounts International, an accounting firm in Washington, DC, provides consultation on issues related to these. Our “Loss Prevention Field” aims to eliminate financial losses due to malfeasance and violation of fiduciary duties by trusted advisers. We provide assurance of financial integrity to our clients. We analyze and identify financial vulnerabilities and then recommend strategies to address those risks.
We question our clients and challenge their mechanics of conducting business. Loss Prevention Shield serves following two customers:
- High net-worth individuals which include actors, players, entertainers, etc. who often turn over their financial and business interest to trusted parties without adequate oversight.
- Firms and organizations that are vulnerable to fraud by employees due to not having adequate oversight and internal controls.
We have experienced cases where a staffer in charge of bank statement and paying invoices would commit a fraud because controls are not adequately implemented. By the time these frauds are detected, they have already cost their company tens and thousands of dollars. Legal remedies taken after the incident are slow and expensive. Therefore taking preventive measure and strengthening controls is vital. Strengthening controls is seldom accomplished by enhancing one process; rather it involves a comprehensive review of the risks faced, the existing internal controls already in place and their adequacy in preventing fraud from occurring. We often meet with our clients to advise them on fraud prevention and also perform an in-depth examination of people, process, and technology.
Accounts International offers Accounting Outsourcing Services, Washington, DC for managing accounting tasks of the clients.
More and more, businesses are finding the advantage in leveraging offshore staff to streamline operations. The outsourcing of back-office accounting functions leveraging offshore resources can typically save up to 40% of the baseline cost structure. Our accounting outsourcing service supports Accounting Departments, CPA firms, and Tax professionals. Our client takes advantage of our expertise and leverages our services into a full time, fully staffed accounting department.
Accounts International’s financial and accounting outsource team includes certified accountants, bookkeepers, and other financial analysts having complete knowledge of finance processes and procedures including GAAP, FASB, GAS, etc. We provide our clients multiple choices so that can select the one best suited for the development of their business. We can train your staff for additional capacity, or you can streamline your cost structure by augmenting your staff with our accountant.
We provide outsourced accounting Washington, DC. We let you decide what should be outsourced and then work with you to develop cost-effective solutions for your business. We integrate our offshore accounting and financial professionals with your own accounting professionals to provide all the accounting support and services to run your business smoothly.
You can hire an accountant(s) to start streamlining cost. You can request analysis from your assigned staff accountants to generate valuable information to assist in managing the dynamics of your business.
We also offer Accounting and Bookkeeping services, Washington, DC which aim to improve quality of client’s financial management services.
We provide streamlined accounting support and management to our clients, we ensure a limited risk, reduced cost and improved quality of financial and operational information. Using our expertise we provide services meeting all your services requirements including accounting and bookkeeping services, medical accounting, loss and fraud prevention Washington, DC management, etc. From the creation of your financials to updating your books periodically we provide personalized and professional services.
We believe in becoming a trusted member of your team rather than just a trusted provider. Our client account managers have years of experience advising Global Fortune 500 clients on issues from Strategy, Operations, and Accounting. We offer proactive and innovative ideas to help you save money, improve revenue, increase cash flow and expand your organization. Our clients receive additional financial analysis and management advice along with our invaluable services.
Our services include but are not limited to:
- Account Payables
- Reconciliation and Analysis
- Fixed Asset Accounting
- Financial Reporting
- Internal Controls Reviews
- General ledger and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Cash flow budgeting and forecasting
- Personal financial statements:
Business Consulting and Advisory Services, Washington, DC are being provided to small and medium-sized businesses.
Accounts International helps its clients with tax, assurance, accounting or business consulting advisory services and yet we have much more to offer. We also provide small and medium businesses consulting services Washington, DC.
Clients consider us a part of our team, someone they always have on their speed dial for questions related to their business. We provide you with our assistance whether it is related to industry best practices, developing new strategies for growth or succession planning. If we don’t have the answer or solution to your problem, we will connect you to someone in our extensive network of professional service providers who can help. As a trusted advisor and partner for your business, our clients call us first.
- Business or estate tax consulting
- Business valuation
- Estate planning Forecasts and projections
- Fraud and forensic accounting
- Hiring for financial positions
- Human Resources Consulting
- Industry analysis/benchmarking
- Litigation support Mergers and acquisitions
- Operational efficiency reviews
- Performance and profit enhancement
- Succession planning