Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Sherwood Tax Solutions is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Accounting Software Selection
There is no shortage of accounting software solutions for your business. Software as a service (SaaS), cloud computing, and other technological innovations are adding more dimensions to technology decisions. Choosing the right solution that will meet the needs of your business now and in the future while also providing a necessary level of security is crucial. We can analyze the nature of your business and financial transactions, current technology, future business plans and emerging needs to identify and implement a software solution that is flexible enough to grow and change with your business.
Bookkeeping/Write-Up
If your business does not currently have bookkeeping staff or if your business is outgrowing its current bookkeeping system, Sherwood Tax Solutions can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your bookkeeping and financial systems keep pace with your business needs.
Business Consulting
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or remaking your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Business Startups
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, Sherwood Tax Solutions can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
Offers in Compromise
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. At Sherwood Tax Solutions we specialize in Offers in Compromise! Trust us to help you!
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, Sherwood Tax Solutions can bring 20 years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Income Tax Preparation and Consulting
Sherwood Tax Solutions offers Tax planning and consulting for you or your business to reduce your tax liability.
Electronic filing of all Federal and State returns
As of January 1, 2012, Sherwood Tax Solutions now files all returns electronically resulting in faster and more accurate tax returns with electronic automatic deposits of refunds.
Amended Tax Returns
Have you found some receipts or information which might change your previous tax returns? At Sherwood Tax Solutions we can complete your amended return
Unfiled Tax Returns
Unfiled Tax Returns AKA Substitutes for Returns. Have you skipped on any of your yearly tax returns?? The IRS is catching up with non-filers and is processing your tax return and it is not a courtesy service, in other words its not to your advantage. The IRS will estimate your taxes at the highest income level and will use little or no expenses to offset your tax return. There is also a possibility that you could lose some or all of your refund. Let us help you!
State Sales Tax Returns
If your responsible for State Sales Tax, we can help you stay on top of your monthly, quarterly or annual requirements to avoid late fees.
Notary Public
A notary public can help you to handle various business matters, including witnessing and authenticating document execution and signatures. Sherwood Tax Solutions offers Notary Public services and are available when you need us.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Sherwood Tax Solutions payroll services professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.