Accounting, Tax Planning, Tax Preparation & Legal Services for Businesses

It Takes a Team

There are many factors that contribute to operating a successful business. While you concentrate on increasing revenues, let us focus on providing a comprehensive package of tax, accounting, consulting and legal services that compliment your core business. Rakatansky, Rakatansky & Associates will work with you as a member of your team and together we will continually strive to increase your bottom line.

We enjoy taking the time to get to know you and your businesses. We then use this knowledge along with our diverse backgrounds and expertise to consistently deliver customized solutions that meet all of the financial needs of your business.

Let our CPAs, CFP™ and attorney work as members of your business team to help you achieve your financial goals.

Services Provided to Businesses Include:

  • Accounting
  • Bookkeeping
  • Business formation
  • Business investments
  • Business purchases
  • Choice of entity
  • Correspondence with taxing authorities
  • Federal and state tax return preparation
  • Financial planning
  • IRS and state audit representation
  • Legal services
  • Pension and profit sharing plans
  • Real estate purchase and sale
  • Tax planning
  • Tax projections

Accounting – Businesses

Focus on Your Core Business

The accounting and financial operations of your business are essential to its success. Don’t let these time-consuming responsibilities divert your focus from your core business of sales, operations and your customers. Let us take care of all your accounting and finance needs while you concentrate on growing your company.

We have over 50 years of experience helping privately held businesses succeed by developing and implementing comprehensive accounting and financial plans.

Accounting Services Provided to Businesses Include:

  • Accounting
  • Audit preparation
  • Benchmarking
  • Bookkeeping
  • Cash flow projections
  • Financial statements
  • Key performance indicators (KPI)
  • Outsourced and temporary CFO services
  • Product costing and pricing
  • QuickBooks
  • Succession planning

Tax Planning – Businesses

Long-Term Plans of Action

Rakatansky, Rakatansky & Associates strives to help companies reduce their tax liabilities and increase value through proactive year-round tax planning. We stay informed of your business transactions, analyzing various possibilities and scenarios in order to assist you in making choices that help you achieve your business goals while minimizing your tax obligations.

Our team stays informed of the most recent changes to the tax code so that we can provide you with the most accurate and up-to-date tax planning strategies.

We work together with businesses to develop long-term plans of action using methods that aim to maximize your tax savings and increase your bottom line. Let our team of CPAs, CFPs™ and attorneys help develop a comprehensive financial plan for your business.

Tax Preparation – Businesses

Leave It to Us

At Rakatansky, Rakatansky & Associates every federal, state and local business tax return is prepared by a licensed CPA at an affordable price. The extensive technical expertise and industry experience that each of our CPAs possesses ensures every tax return is meticulously prepared in an efficient and timely manner.

If you are a business owner who has neglected to keep up-to-date books and records we can help! Let our team clean up your bookkeeping, assemble your annual accounting records and prepare all necessary business and personal tax returns. We coordinate and oversee the entire process from start to finish.

Our goal is to help you turn your overwhelming heap of financial documents into an organized set of tax returns that produce the most advantageous outcome while complying with all laws and regulations.

Our Tax Preparation Process Includes:

  • Sending tax organizers and requests for data
  • Bookkeeping and reconciling financial data
  • Producing tax returns to be reviewed by clients
  • Meeting with clients to review tax returns and address client questions
  • Preparing final tax returns and providing instructions regarding refunds and payments
  • Preparing tax projections and estimated payment information for the following tax year
  • Responding to any communications from the IRS and taxing authorities

We Prepare All Federal & State Business Tax Returns Including:

  • 990 (Nonprofit)
  • 1065 (Partnerships)
  • 1120 (C Corporations)
  • 1120S (S Corporations)
  • Schedule C (Sole Proprietorship)
  • Schedule E (Rental and Royalty Income)
  • Other federal and state tax returns

Legal – Businesses

Comprehensive Set of Services

Legal services are provided to businesses by in-house attorney Ira T. Rakatansky who is licensed in Massachusetts and is qualified to practice before the United States Tax Court.

Ira T. Rakatansky’s qualifications as both a CPA and an attorney enable him to provide a comprehensive set of accounting and legal services that meet all of your business needs.

The majority of business legal services are provided at affordable pre-negotiated flat rates. This prevents you from accumulating hourly fees that leave you wondering what you’re actually paying for.

Legal Services Provided to Businesses Include:

  • Business valuations
  • Correspondence with taxing authorities
  • Formation of limited liability companies
  • Formation of partnerships
  • Incorporations
  • IRS and state audit representation
  • Legal documents for business transactions
  • Maintain corporate records
  • Notary services
  • Purchase and sale of businesses
  • Real estate

Proud Members Of:

member of CSA
member of AICPA
member of MSCPA
member of CFP