Accounting

Services 2

Full Service Outsourced Accounting

Reduced costs, better control and more informed decisions.

Ellis offers complete accounting services that combine top-to-bottom best practices with web- based workflow systems. We leverage your existing infrastructure and our seamless technology to reduce errors and lower costs while improving controls and delivering real-time insight into your processes.

Reduced costs, better control and more informed decisions

We’ll start by taking over you accounting systems, and change it only if it isn’t adequate. That reduces implementation time & expense, and maintain history & report formats. allow your interfaces and reports to function as they do today.

We can and do use any & every accounting system out there. Our default for small business is Quickbooks.

Let us deliver every benefit to you through a full-service outsourcing solution that includes:

  • Accounts payable
  • Billing and accounts receivable outsourcing
  • Financial statements
  • Managed Payroll
  • Daily deposit verification
  • Cash and credit card reconciliation
  • Fixed asset reporting
  • Electronic payment solutions
  • Secure Virtual Payment MasterCard®, with cash-back revenue options

 

Tax Strategy

Services 4

Cutting your tax to the legal minimum.

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” ~ Judge Learned HandHelvering v. Gregory, 69 F.2d 809, 810 (2d Cir. 1934), aff’d, 293 U.S. 465 (1935)

Tax Strategy

Tax Strategy is a proactive, long term approach to taxation. Our goal is not to pull a rabbit out of a hat & save you a lot of money in a single shot. Our goal is to re-organize your business(es) and rearrange your affairs to put you in a position that you will save income & other taxes every year until changes in tax law prevents it. It is our experience, that almost never happens.

Sometimes we can save you a little bit of tax, and sometimes we can save you enormous amounts of tax. A couple of times in thousands of attempt, we have not been successful. But our track record is above 99%.

What Business Owners & CEOs Expect.

QUOTE –  “Private business owners are pressured by constantly increasing competition & other forces such as pandemic & riots. They’re looking for ways to get ahead & stay ahead, & they expect their accountant to help them meet this challenge. 72% of business owners have switched CPA firms because their firm did not give pro-active advice, only re-active service.[From a survey of private businesses by The Sleeter Group.]

QUOTE –  “CPAs and Accountants are considered “most trusted advisers.” From an article by Eric Rigby, CPA/PFS,/CFF, in The Journal of Accountancy. “What people really need is a financial confidante to talk about what’s going on in their business.”

 

Tax Planning

Services 6

Home of the Tax Strategy Blueprint.

Quote: “Anyone may arrange his affairs so that his taxes shall be as low as possible. He is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.” Judge Learned Hand.

Tax savings become easy with our Tax Strategy Blueprint, a proactive tax plan custom designed to cut taxes for your specific circumstances in your specific business. The Tax Strategy Blueprint is a clear, proactive, strategic tax avoidance plan for avoiding tax legally. We choose between multiple tax strategies & techniques in selecting what we include in the design of your personal tax plan. It’s certainly not one size fits all.

Every dollar we save drops straight to the bottom line as another dollar of cash, profits, working capital & competitive advantage. Easily measured, concrete results. You can measure results yourself. You don’t have to take our word for it.

We do tax planning at the highest level possible. The problem with the great majority of CPA’s & other tax practitioners is they’re never trained in tax planning, so they never learn how to do tax planning at this level of tax planning. You face two fundamental obstacles to getting proficient tax planning … 1-College accounting degrees don’t include much tax training besides a cursory introduction to the 77,000 page tax code. They do get an idea of tax law, but aren’t taught what to do with it to create a tax advantage for you. 2-The best & brightest candidates are hired right out of college by the Big 4 & the Global 1000 to do tax planning for the largest companies in the world, so you never even get a shot at them. You get the leftovers.

To find out how good we are before scheduling a call, upload last year’s returns to our Dropbox, and we’ll tell you how much we can save you. Numbers don’t lie.

This will probably be the only opportunity you will ever get to hire a top notch tax strategist for your tax planning. So don’t treat it lightly. Give it the consideration it deserves. I’ve been down the road I described. Hired by the Big 5 out of college. Two subsequent C suite positions. Private practice. I don’t know anyone else that can match my qualifications (below).

We’re not your Dad’s CPA firm.

Robert Ellis
(888) 241-5040
re@elliscpafirm.com
Web site: https://elliscpafirm.com
QUALIFICATIONS …
Mensa
Genius Intellect
National & international reputation
Thought leader
40 + years experience
Big 5 CPA
2 Fortune 500 C suites
Private practice.
Schedule a meeting. https://calendly.com/elliscpa

Making Business Work Better

Services 8

We exist to make business safe & lucrative, cut costs, cut tax, build wealth & help carve your mark on the universe. Our unique solutions to common business problems save money. Every dollar saved drops straight to the bottom line as another dollar of cash, profits, working capital & competitive advantage.

The difference is, you can go through life knowing your tax strategy is solidly in place, your business is bulletproof, your vital business assets are protected & you have a financial expert who’ll talk to you about what’s going on in your business. Our unique services are ideally suited to the chaotic, treacherous 21st century’s complex business environment.

• cut costs
• cut tax to the legal minimum
• build wealth
• carve your mark on the universe
•.bulletproof your business
• protect vital business assets
• rearrange your affairs
• bookkeeping
• payroll
• white glove catered client care

Crisis Management

Services 10

Crisis Management and Monitoring

Corporate Crisis Management Resources for Better Strategy, Planning, Execution and Communications.

We are not a public relations agency, and we don’t handle public relations part of a crisis. You would bring us in to fix the underlying problem that led to the crisis.

We deal with the internal and/or external issues that created the crisis in the first place by fixing business processes. 

 

 

Tax Avoidance

Services 12

Tax Avoidance

Cutting your tax to the legal minimum.

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” Judge Learned HandHelvering v. Gregory, 69 F.2d 809, 810 (2d Cir. 1934), aff’d, 293 U.S. 465 (1935)

The primary tax goal of every business in the United States is to avoid income tax. That’s our wheelhouse. That’s what we do. The GAO & the SBA have repeatedly reported that most businesses pay more tax than the law requires, or more tax at higher rates than the Global 500. Considering the size & complexity of the tax code, that’s not surprising. Especially in light of the fact that the top tax talent is recruited & hired by the Global 500, leaving only the leftovers for private businesses.

We will cut your tax to the legal minimum by rearranging your affairs & reorganizing your business(es). Every dollar saved drops straight to the bottom line as another dollar of cash, profits, working capital & competitive advantage. Easily measured, concrete results. We save more than we cost. 

  1. Tax Planning Blueprint
  2. Asset Protection Strategies
  3. Intellectual Asset Strategies
  4. Business Re-Organization Strategy
  5. Interstate Tax Strategy – mix & match
  6. International Tax Strategy –  mix & match

 

 

Asset Protection

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Asset protection is a set of legal techniques and a body of statutory & common law that we use to protect vital business & personal assets  from seizure. The goal of asset protection planning is to insulate assets from claims of creditors without perjury, fraudulent conveyances or tax evasion. Wikipedia 

It has become exceedingly difficult for business owners, professionals & others to conduct their affairs without exposure to the hazards of litigation and creditors. There are many methods by which individuals with significant assets at risk can legitimately attempt to protect their personal net worth. 

At Ellis, we use several cutting edge techniques that have emerged in recent years. We use every tool in our tool box. 

Intellectual Asset Strategies

Services 16

We use intellectual asset for a variety of purposes. We also go to great lengths to protect client intellectual assets from predators.

It is possible for a company to get sued out of existence but lose no money and start up again the very next day under the same name using the same assets & intellectual property. But you can’t wait until you get sued. 

The Act that made it all possible.

“Today, President Obama signed the Defend Trade Secrets Act of 2016 (“DTSA”) into law, bringing trade secrets alongside trademarks, copyrights and patents as intellectual property rights protected under federal law.” May 23, 2016. 

That’s probably the best thing Obama did. 

CFO Services

Services 18

You don’t need a CFO until you are ready to go public. Until then, you may need a Controller, but probably not. A bottom rung CFO will cost you $300,000/year. A controller, $150,000.

We can save you $100,000 to $200,000 a year and give you more reliable financial information by outsourcing accounting & CFO services to us. We provide hands-on custom outsourced accounting & CFO solutions, allowing you (our clients) to focus on what’s important … running the business instead of devoting valuable resources counting the beans. We’ll do the bean counting for you and provide daily, weekly & monthly status updates. Our firm is large enough to support your every need, yet small enough to provide guided personalized attention.

Every business should have the best accounting & CFO you can afford. 

Competent financial information is an investment in the growth of your company. At a some point in every large success, an in house CFO will be required. Certainly before going public. But for many or the normal day to day functions, our services will be more reliable than doing them in-house. 

    • 100% bookkeeping 
    • 100% payroll
    • Short & long term forecasting
    • Financial systems strategy & design
    • Budgeting
    • Projections
    • Facilitating & supporting financial reporting
    • Raising capital
    • Interim CFO services
    • Cash flow analysis & restructuring
    • Renegotiating vendor contracts
    • Restructuring client contracts
    • Ensuring pricing is aligned with company & industry trends
    • Analyzing commission structures
    • Supply chain management
    • Attributing costs to revenues
    • Accounting & bookkeeping
    • Payroll
    • Financial Statement
    • Bill pay
    • Collections
    • Data driven management
    • Capture & interpret critical operating data
    • CFO service
    • Streamline & simplify
    • Cash management
    • Remote office
    • Management financial statements
    • Compiled financial statements
    • Financial strategy

Tax Controversy

Services 20

Getting Audited

We may be the least audited firm in the country

A convergence of global forces has resulted in a substantial increase in the number and size of tax audits, assessments, and disputes with revenue authorities locally, nationally & worldwide. Virtually no area of tax enforcement has escaped this phenomenon, which includes direct taxes, indirect taxes, penalties, fees & direct  taxes (e.g., VAT and GST, domestic and international) , as well as specialist areas such as customs, tax fraud, and white collar tax issues. This new situation places a premium on audit and dispute prevention techniques because local, national & multinational companies are under constant competitive pressure to structure business operations effectively and efficiently. Larger companies need to develop coordinated approaches to audits and disputes, adopt preventative measures (such as pre-filing rulings and enhanced relationships with certain revenue authorities), and leverage both traditional and new alternative dispute resolution techniques in order to achieve the best possible results.

Knock on wood, we don’t get audited much. We may be the least audited firm in the country. We’ve never had a bad outcome on audit. The last audit we had, three years ago, there were no changes.

If and when you get an audit letter, send it to us and we will handle the entire audit. We may allow the IRS to have an initial interview with you, but that’s it. After that, we won’t allow any contact between you & the IRS. We’ll keep you in the loop and pass on any settlement offers they may make. This approach has always worked well for us and our clients. It’s still the best approach.