Here is a sampling of some of our success stories.

Tax Audit Services, Monthly Accounting & Tax

 Success Story: An Internal Revenue Service Audit Awoke this Company to the Need for Comprehensive and Regular Accounting and Tax Services.

Environmental Testing Corp. (not the real name) El Segundo, California

 Challenge: This company came to us in the middle of an IRS audit that was being mishandled by a local Accounting firm. We needed to figure out if the company should accept the offer of the IRS to settle or should we go back and perform the forensic accounting necessary to file returns and have those back years audited.

Solution: Our review of the company's records revealed that it would be better to accept a settlement to avoid further IRS auditing as the proposed settlement would result in lower back taxes being owed.

Once the tax issues were resolved we set up a comprehensive accounting system and a payroll system to better organize the company.

By keeping accounting current and making regular tax payments for payroll and income the company has stayed in compliance.

Once the back tax issues were settled this company put in place the tools necessary to stay in compliance.

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 Success Story: A Busy Owner with Other Businesses Relies on Bill Paying and Bookkeeping Services.

Camille Hudson - Shoe Store, Hollywood, California

Challenge: This small retail store was a second business for this busy business owner. He needed a simple in-store POS system, but more importantly, a full service bookkeeping service to pay the monthly bills a maintain records.

Solution: A custom POS System, Paycycle Solutions payroll service and SuccessFour Accounting, Tax and Consulting services.

Here the owners were designers who had a "feel" for how they wanted the store and the Point-of-Sale system to look. They built a custom counter from pressure treated wood covered in plastic with compartments for the cash drawer, receipt printer and keyboard.

Because the owners had other business investments they utilize Charles Carroll Associates services to provide full charge bookkeeping services in addition to accounting and tax services. All bills are paid by Charles Carroll Associates and sent to the owner for signature. Charles Carroll Associates obtains the POS information and bank statements with which to produce monthly financial statements and other reports for management to retain a good grasp of the financial condition of the business. Payroll is professionally managed through Paycycle Solutions, using direct deposit so once the owners approve the time sheets from the POS system the payments are made by the FREE direct deposit service.
Installation of a back office computer and barcode printer with a network router switch provide Internet access for payment processing and allows inventory to be labeled and tagged off of the sales floor.

Finally security is provided by the Remote View digital video system and the company utilized the SuccessFour program from Charles Carroll Associates, for monthly accounting, sales tax return preparation and annual income tax planning and return preparation.

 This custom Point-of-Sale System has a very unique look as designed by the store owners. Again comprehensive accounting and payroll services make store management from absentee owners very easy

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 Success Stories: Sound Financial Advice Got This Business Off the Ground

Expedited Media Solutions: Logistics and Transportation Company - Inglewood, California

 Challenge: This company had a valid business plan and needed assistance getting set up. They knew they had customers but they did not know how much capital they needed. They did know they needed a good accounting system as billing accuracy would be critical.

Solution: First we produced a detailed financial plan to determine the cash flow and capital required. Then we found bank and receivable financing and set up an accounting system for accurate billing and tracking of receivable as well as providing the cash management tools necessary for accounts payable transactions.

This company had contacts in the entertainment industry and wanted to provide logistic and transportation services, such as shipping movie posters, collateral marketing materials and films worldwide. Their customers were big well known and established companies but these customers required long payment terms.

Our analysis should the amount of capital required and predicted the company's cash flow needs. Armed with this information we were able to assist the company in obtaining bank financing to get the business off the ground and then we referred them to an accounts receivable financing company in order to meet the company's reoccurring cash flow requirements.

We set up the corporation and wrote the management agreement for the owners. This helped to establish clear daily operating responsibilities and insured a smooth day-to-day company operation.

Quickbooks was used as the accounting software and we established daily accounting procedures for the company's staff so that accuracy of the information could be maintained.

Finally by providing monthly accounting reports and meeting regularly with the owners they have a better understanding of company's the financial situation so that better decisions can be made regarding growth and new operations.

 Establishing clear management responsibilities between multiple business owners help this company to grow.

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 Success Stories: Sound Tax Planning, Regular Financial Meeting and Timely Tax Filings Keep this Company Flying.

Air Charter Brokers Company - Los Angeles, California

 Challenge: This client came to us for assistance with an Internal Revenue Service Audit and stayed for the regular accounting and sound tax strategies that minimize the effect of taxes and allowed the company to grow.

Solution: This single person company was converted from an "S" status corporation to a regular "C" corporation, removing the pass thorough tax status meant saving on taxes as the tax rate was reduced.

Making money meant this company was paying too much in income taxes, a sound strategy minimized income and business taxes.

By maintaining monthly accounting and reporting the company is able to better project income and take advantage of the retirement planning we established.

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 Success Stories: Comprehensive Management and Technical Services Keep this Company, "Looking Good".

Senna Cosmetics: Multi-Store Skin Care Company - Locations in Southern California

 Challenge: Multiple retail locations spread out over vast distances presented difficulties in control; standardization of procedures was needed and customer information needed to be shared between stores so that, for example, gift cards purchased in one store could be redeemed in another store. An easy-to-use system was required as the users were all licensed cosmetologists with little or no computer training. Also, transaction speed was critical as appointments all ended in 15 minute intervals creating a periodic bottleneck.

Solution: The CREST A series POS system with Complete Retail Express Enterprise Version software with credit card processing using DSL and cable Internet connection with the Payment Processing Integrator.

The touch-screen is easy to use and speeds transactions, as does the use of high speed Internet credit card processing. Due to local access ordinances, requiring low counter heights, the placement of the cash drawers under the processor and touch-screen elevates the work height of the screen and keypad by 8" creating a better ergonomic environment.

The CRE Enterprise software allows the headquarters office to receive daily updates on sales and make global price changes as well as share customer information. Custom reports were created to detail sales of various items which had different commission payments. The time punch function allowed better control of employee hours worked.

Also, remote access digital video systems were installed significantly reducing inventory shrinkage and allowing better management.

 Managing several stores is made simple by controlling inventory reordering, sale pricing and customers from a single location

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