Leota Goodney, CPA, PA provides a wide range of services to individuals, small businesses and non-profits in the Northfield area. At Leota Goodney, CPA, PA, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
Elder Care Services including trust administration and power of attorney
From start-ups to established enterprises, businesses rely on accurate financial information and insightful advice to maintain profitability and capitalize on new opportunities. Leota Goodney, CPA, PA's accounting services provide accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and payroll issues.
These services include but are not limited to:
- General ledger and financial statement preparation- Bookkeeping (Monthly, quarterly, or annual)
- Accounting system setup and support
- Bookkeeper training
- Payroll processing
- Cash flow budgeting and forecasting
- Corporate tax planning and return preparation
We can set up financial reports efficiently and in keeping with your needs so you have the time and tools to manage your business.
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Leota Goodney, CPA, PA's financial statement services comprise two levels of assurance depending on your company's needs.
- Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
- Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but usually involve some adjustment to accounting records.
We do not provide audit services.
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Leota Goodney, CPA, PA's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns. We provide payroll preparation services tailored to your needs. We can prepare payroll checks for your signature or direct deposit to your employees accounts. If you prefer we can prepare the required payroll tax reports from payroll checks that you generate.
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Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Leota Goodney, CPA, PA can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. Our services include check deposit and charge card entry, bank reconciliations and adjusting entries.
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Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Leota Goodney, CPA, PA can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the best entity type for the functions your business performs.
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QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software; we help you use it more efficiently and more effectively.
Leota Goodney, CPA, PA offers the following solutions to help meet your QuickBooks needs:
Personal Training- We train you personally! Either one-on-one or several individuals within your organization at your company's location.
Installation- We install QuickBooks on your stand alone computer. We do not install in a network environment.
Setup- We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Support- Our QuickBooks support service can assist you with installation, setup or operation assistance you might need. In addition to the direct software support we can also provide accounting and payroll assistance.
Review- Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
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Our tax preparation process is designed to make getting the taxes done as easy as possible. Our organizer provides a foundation for organizing client documents. Once you have everything together you may choose to meet with one of our CPAs or just drop your information off at the office (new clients are required to have an intake meeting with one of our CPAs). Every tax return is looked at by two people in our office- one person prepares the return and a separate staff member reviews the work to ensure that everything is entered accurately and the information is complete. When you pick up your completed return one of our staff members will quickly review the return with you. Our CPAs are available to answer any questions you may have. We represent our clients with the IRS on any tax returns that we have prepared.
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We work with our clients on tax planning and preparation to ensure the most accurate result possible. We will educate clients on the best documentation practices and keep them informed about opportunities for action that may reduce their tax burden. We consult on various tax matters over the course of the year- from estimated payments to the tax effect of retirement contributions to tax projection calculations and other related questions. Our staff is knowledgeable and informed about the latest updates and changes to the tax laws and regulations. We have experience with a variety of special situations including: working/living abroad, multiple state filings, divorce, domestic partners, small business owners, retirement planning and others.
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Leota Goodney, CPA, PA provides bookkeeping, accounting and tax services to small non-profits. We specialize in smaller non-profits that may have a volunteer or part time bookkeeper. We provide the full range of accounting services described here and adapt those services to the organization’s needs and goals. We also provide:
-Appropriate financial statements or specialized reports for grant applications and reporting.-Board training on the duties and responsibilities of board members, and the limits of activities that are appropriate for non-profits.
-Federal and state annual reports as required.
-Help with the initial application for non-profit status with the IRS.
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Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Leota Goodney, CPA, PA's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.
If you are a personal representative for an estate or the trustee for a trust, we will help you understand your duties and filing requirements. We can prepare estate tax returns, estate income tax returns and trust income tax returns for you as personal representative, executor or trustee. We can work with you and the lawyer for the estate or trust to gather the necessary information for reporting to the courts and beneficiaries. We can advise you on any tax reduction strategies available to the estate or trust.
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Financial and Retirement Planning
Leota Goodney, CPA, PA's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. As fee-for-service professionals, we can guide you through tough decision-making processes such as college education funding, retirement plans, insurance, and tax, estate, and business succession planning. We can help educate you about various types of investment products and work with your broker to create a tax efficient investment strategy.
When the time to retire comes, we can consult with you about the transition from the workforce into retirement and strategies for withdrawing retirement income. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
We do not sell any investment products nor do we advise on the suitability of a particular investment purchase.
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Elder Care Services including trust administration and power of attorney
Leota Goodney, CPA, PA provides a variety of services to help people retain control of their financial lives. We will pay bills, help with housing decisions, help you locate needed services, apply for insurance and government benefits and work with your other professionals to ensure that your financial affairs serve you to meet your goals. We will explain your affairs to you so that you can continue to make appropriate, informed decisions.
We will act under power of attorney or as trustee or as guardian if you need those services. Our goal is to empower you to make the decisions that you want to make and feel able to make and then carry out those decisions, relieving you of the day to day burden of detail.
