Our experts simplify the complexities of your businesses and help you focus on improving profits.
Business Accounting
At Covert Tax Services we help Elko, Nevada area businesses maximize profits by minimizing tax liabilities. IRS rules and regulations affect a wide array of business industries and entities differently. That is why we are educated and up-to-date on all the latest changes so you don’t have to be. Our team of business accounting experts, led by Stefanie Covert, is continuously learning through professional training and will consult with a range of organizations including, but not limited to:
Sole Proprietors, Partnerships, Limited Liability Companies (LLCs), Limited Liability Partnerships (LLPs), S-Corps, C-Corps, and Non-Profits
Whether you are a small retail business or a large manufacturing company, we provide comprehensive tax consulting to entities of all types and sizes. By partnering with Covert Tax Services you can put the hours and money previously spent on business accounting functions to better use within your organization.
What We Do
-
After gaining a solid understanding of your business and priorities, we will optimize your accounting and tax strategies. Once all strategies and goals are aligned, periodic data entry and reporting will begin. With all bookkeeping, payroll, and reporting up-to-date you will have professional financial statements, monthly reconciliations, and balance sheets available for important banking and legal meetings. Staying compliant will be as simple as logging into our convenient online dashboard and hitting print.
Periodic Profit and Loss Statements: See clear breakdowns of your sales and expenses.
Balance Sheets On-Demand: Combine your total assets, liabilities, and owner’s equity whenever decisions need to be made.
Bank Reconciliations: Match and compare bank account balances with your own totals to make sure they agree.
General Ledger Reports: These reports compile dates, payees, and amounts of all expenses organized by category.
Making clear decisions with your trusted attorneys, lenders, and financial advisors based on clear, actionable financial reports are key services Covert Tax Services can provide.
-
Opening a new business is an exciting time! For many, it has taken years to get to this point and we are here to support you during your initial start-up planning phase. Our tax consultation process will determine which entity is most beneficial for your operation. We will remove the guesswork behind choosing your structure through analysis and data. At Covert, we understand how precious your start-up budget is which is why we rely on transparent budgeting, professional financial statements, and tax forecasting to guide your decision-making. Our goal is to create a detailed tax plan for you so you can move forward with purpose as your business grows.
-
Reducing your tax burden as a small business or corporation means employing a variety of tax planning techniques. Our experience working with many industries and entities means we understand how regular tax consultations throughout the year can effectively manage end-of-year tax obligations. Doing this will redirect revenue back into your organization and away from the IRS through:
Multi-State Tax Planning
Business Tax Preparation and Filing
Non-Profit Tax Returns
E-file for Fast Refunds
By thoroughly monitoring tax code changes and identifying new opportunities, Covert Tax Services can save you money on your business tax burden. Doing it yourself might seem like a good idea in today’s hectic mobile world but why risk overlooking deductions worth thousands of dollars? When you work with us you will receive honest, open communication you can trust.
-
If you are operating as a non-profit you understand how time-consuming internal accounting functions can be. You are spread thin as director and want to focus on your organization’s mission but compliant financial statements are a must. You do not have the budget to hire an internal accounting staff member but still need professional accounting help. Working with Covert Tax Services is a cost-effective solution. Your financials will not only be compliant with banks and regulators but also to the public at large.
How it helps
When you outsource your business accounting functions to Covert Tax Services you are not only reclaiming time and money currently spent but also increasing your data’s accuracy. We all know mistakes happen but errors and omissions are less likely when data is handled by professional accountants. Overburdened employees have a greater likelihood of making mistakes and we would love to offer a cost-effective solution so their time can be better spent elsewhere in your company. Professionally prepared, error-free statements and filings will build trust between you and your advisors, clients, and donors.
Decrease Errors and Ensure Accuracy
By hiring a team of trusted third-party CPAs like Covert Tax Services you will increase the transparency within your organization. This is especially important for non-profits who must protect the public from false or misleading financial information. Proper periodic third-party financial reviews and reporting can deter theft, fraud, and even embezzlement. It can help organizational leaders see irregular trends otherwise overlooked.
