Services You Rely On

We will prepare your business year-end tax returns and be sure you  are taking advantage of the ever-changing tax laws. We will assist you  in determining which business format is appropriate for your needs. We  will discuss sole proprietorships, partnerships, C corporations, S  corporations, and Limited Liability Companies.

Retirement programs such are Simple IRA’s, SEP’s, 401K’s, and  qualified pension plans are complex but offer big tax and other  benefits. We will assist you in determining which program is best for  you.

Exit strategies when you wish to sell your business are sometimes  overwhelming, both from a tax and emotional standpoint. We will assist  you to maximize your goals and minimize the taxes.

We will represent you before the Internal Revenue Service and Florida Department of Revenue.

We will prepare your personal income tax returns and be sure you are  taking advantage of the ever-changing tax laws.  Each individual is  different.  We will review your personal situation to be sure you take  all allowable tax deductions.

Personal Retirement programs such as Standard and Roth IRA’s offer  tremendous tax saving opportunities.  We will help explain the benefits  of these programs.

We are authorized IRS E-File provider and can offer you all the benefits of electronic filing.

We utilize a very sophisticated computer tax program to assist in  your tax preparation.  We also provide you with a personal income tax  organizer to assist you in gathering your personal year-end tax  information.  The tax organizer also indicates income and deductions  from your prior year’s income tax return, which is a great memory  jogger!

We provide monthly accounting services for many small businesses in  South Florida. We will generate a complete set of books and provide you  with monthly compiled financial statements showing the current monthly  and year to date activity of your business. We will also insure that  your checkbook is balanced and consult with you on a regular basis  regarding the profitability of your business.

For clients that do not need a monthly accounting service, we provide  Compilation, Review, and Audit Services to assist you with local  financial institutions and bonding company requirements.

We provide payroll services for several business clients in the South  Florida area. We prepare the payroll checks, insure that all payroll  taxes are timely filed, and prepare the quarterly tax returns. We are  also set up with the Florida Department of Revenue to transmit  unemployment taxes electronically.

We will generate the year-end W-2 forms for your employees and 1099  forms for independents contractors who receive over $600 during the  calendar year.

John C. Downs, CPA is the trustee of several local trusts and serves  as a personal representative for clients.  Our firm will prepare  year-end 1041 trust income tax returns and consult with you and your  attorney to insure the provisions of the trust are being followed as  well as assist you in minimizing the taxes.

We prepare the Federal Estate Tax Return, sometimes referred to as  the “death tax.”  Advanced planning in this area is imperative to reduce  estate taxes due upon death.  We work alongside of attorneys advising  on will preparation, gifting, , power of attorney’s, medical surrogates,  and long term health care insurance.

We have been using Peachtree Accounting with our clients for over 15  years and are familiar with this inexpensive accounting program. We will  assist you with the important function of setting up your business,  including the chart of accounts, accounts receivable and accounts  payable, financial statements, and other accounting reports. We will  help you with all of your operating questions about Peachtree  Accounting. We are a PAC member of Peachtree and have access to  technical support, should you need it.

We also have a substantial group of clients that use QuickBooks  Accounting programs. We are familiar with these products and can assist  you with your accounting questions.