We offer a full range of services to meet all of your needs.
Elite V Biz & Finance, Inc provides a full range of accounting and tax services that are geared towards assisting individuals, entrepreneurs and small to mid-sized companies achieve their financial goals. Our main objective is to help business owners reduce time spent on non-essential tasks, and enabling them to focus on core business functions and increase profitability. We want to help you save on paying high taxes and leverage your revenues. Each client is unique in their own way and so we work to provide timely, cost effective, scalable and customized accounting solutions that help each business to achieve their goals.
Our Services
Tax Preparation Services
Elite V Biz & Finance, Inc has built quite a few long-term clients by first preparing their tax return. One of our known top priorities is ensure our clients pay less in taxes. This is best achieved through proper preparation and comprehensive tax planning. Whether you are a business or an individual, our specialists work with you to develop a personalized plan with tax saving strategies that are tailored to your situation.
Our experts work with:
Individuals
Partnerships
Limited liability companies
Corporations
Subchapter S corporations
1099 and w2 filing
Sales and Franchise Tax
501 c 3 formation and 990 preparation
Cost Segregation Services
Cost segregation allows you to accelerate depreciation on portions of your building and site by identifying them as personal property. By accelerating depreciation, you lessen your tax burden and put more money in your pocket. If the benefit of a cost segregation study gives you an additional $100,000 in depreciation for the first year that could be $37,000 in extra cash flow, if you are in the 37% tax bracket.
Accelerated depreciation is a great tool for our clients to help defer taxes on current income and keep those funds available for new projects. Ideal for real estate investors and rental home, commercial owners, Cost segregation is one of our most unique and valuable service offered. Elite V offers quick turnaround service for cost segregation. We offer affordable rates and provides elite results in a timely manner.
IRS Enrolled Agent Representation Service
As an IRS Enrolled Agents we are the only federally-licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the Internal Revenue Service. Enrolled agent status is the highest credential the IRS awards.
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a stringent and comprehensive examination covering both individual and business tax returns, or through experience as a former IRS employee.
Individuals who obtain this elite status must adhere to ethical standards and enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.
Business Entity Set Up
Operating under the right business entity is key in managing your business efficiently. We encourage our clients to keep their business and personal affairs separate. We help business owners form their entities.
Bookkeeping Services
Whether you are launching a startup in need of small business bookkeeping services or already run an established business, Elite V can offer you a convenient bookkeeping solution. Even if you own an established business and your in-house bookkeeper is not sufficiently qualified or is unable to keep pace with the work flow, we can provide the most efficient bookkeeping solutions at cost-effective rates.
With our Base Service, or after-the-fact bookkeeping, you pay the bills and create invoices each month. We apply customer payments, import transactions via bank feed, and provide monthly reporting and reconciliation for a flat fee. Add on services are available for additional cost per month.
Payroll and Sales Tax Services
Our dedicated professionals will manage your payroll and payroll tax filing needs to help your company become more efficient and, therefore, become more successful.
Elite V Management Services
Elite V Biz & Finance, Inc helps several business to fill that need when it comes unto monitoring their finances and day to day activities. We give owners the confidence and that second pair of eyes that gives them a sense of ease that their business has the right financial standing. Elite V offers monthly CFO management review from cash flow forecasting and analysis, month end closing and demonstrating key performing indicators, and budgeting.