|Mefford & DeLong LLC
offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to offer our clients personalized quality service. Below, we have listed the services that we offer to our clients along with a brief description.
As the list below is not all-inclusive, please feel free to inquire about a service if you do not see it listed. Call us at 763-576-5151.(Click Service Title For Details)
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. We can assist you with the day-to-day tasks associated with bookkeeping.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
- General ledger & financial statement preparation
- Bookkeeping (Monthly/Quarterly/Annual)
- Accounting system setup for new businesses
- Computerized payroll services
- Business tax return preparation (Sales & Use/Business Property)
- Personal financial statements
- Litigation support
While current state law does not permit Enrolled Agents to provide certified financial statements, our statements are prepared according to Generally Accepted Accounting Practices and have been sufficient for our clients' needs.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Estate & Trust Tax Preparation
When a family member or other loved one passes away, the burden of handling the decedant's final tax return and estate tax issues can be overwhelming. We can guide you through the process of preparing that final return and completing all required estate and fiduciary returns at the federal level and in all affected states. Let us take this burden off your shoulders.
We also prepare trust and gift tax returns.
IRS Representation and Audit Assistance
As Enrolled Agents, we are licensed by the IRS to represent our clients at all administrative levels. Enrolled Agents are recognized by every state. Enrolled Agents, Attorneys, and CPAs are authorized to represent their clients in Tax Court, but we would rather work with you to keep you out of court. Let us help you respond to IRS or state tax notices and assist you with your audits. Our many years of experience will work in your favor.
Most small business owners would rather be running their business and making money, instead of processing their own payroll. Let us develop a system that works for you, including:
- Calculate your net wage amounts.
- Help you set up tax deposits.
- File all of your quarterly and annual federal and state payroll tax returns.
- Generate and efile your W-2s.
- Advise you on the difference between an independent contractor and an employee.
- Generate and efile any required 1099s.
- Advise you on the proper salary for an S Corporation owner.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. With your authorization, we can file sales tax returns online for you.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.
At Mefford & DeLong LLC, we have over 60 years' combined tax preparation experience. We accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
Our software and experience allows us to file any required state return, and we have the resources available to answer virtually any tax question.
We teach our clients about their own tax returns. We want to you understand what you are signing, and we make sure you know what records you must keep in order to support what is on your return.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
- Tax planning & return preparation- Individuals - Corporations - Partnerships - LLCs/LLPs - Estates, trusts & gift - Not-for-profit organizations
- Taxing authority representation
- Divorce and support issues
- Tax effects of buying/selling a business
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, we can develop tax strategies that take advantage of new tax laws and legislation.