George Bagley and Company LLC

Our dedication to hard work has earned the respect of the business and financial community in and around Chicago We believe this to be a direct derivative of our talent and responsiveness to our client base Whether you are a current or prospective client, rest assured that individuals and businesses who choose George Bagley and Company L L C receive competent and timely advice

Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability We lend our expert support to meet your accounting needs so that you can focus your time and energy on building a strong business

Audits, Reviews, and Compilations

We offer three levels of assessment of your financial statements based on your company’s needs:

• An audit is the highest level of assurance that we can provide
• It entails a systematic examination of the financial statements, internal controls, and selected transactions for purposes of expressing a professional opinion on the fairness of the information provided
• A review is a more limited investigation to provide some level of assurance that material modifications to the financial statements need not be applied
• Testing primarily consists of high level examination, year-over-year comparison, inquiry, and analysis
• It does not examine back-up data to substantiate the financial data
• A review may suffice for selected outside interests
• A compilation presents client-supplied data in financial statement format
• No assurance is provided by the accountant as no testing, inquiry, or analytical procedures are performed
• This service typically serves an internal audience

We can prepare a complete set of financial statements to help you assess the health of your business including:

• A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end
• An Income Statement (a
• k
• a
• Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business
• A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns
• A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

Our analysis of your financial statements helps you frame strategic initiatives (e g , business expansion, acquisition) as well as tactical plans (e g , accounts receivable and accounts payable management) Professionally prepared financial statements are also an essential resource when dealing with creditors (e g , vendors, banks) and investors

When you use our professional accounting services, you get more than a collection of records and reports You get the benefit of our skills, experience, and expertise We’re happy to invest the time to make sure that you understand and utilize all of the information we provide Call us whenever you have a question or concern

We can work with your current bookkeeper or recommend bookkeepers to handle your ongoing accounting to provide the right information to manage your business and prepare federal, state, and local tax returns We’ll evaluate with management to identify and resolve discrepancies (e g , double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position

While a clean set of books is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc ), and expedites restitution And it gives you a clearer picture of your cash position for addressing planned outlays and investments

We can work with you or your current payroll provider to manage your employee payroll There’s a host of government reporting and record keeping requirements that comes with the job, and there are adverse consequences if errors are made We can refer you to other sources

• Support – Our QuickBooks support service can assist you with providing accounting and payroll assistance
• Tune-Up - A QuickBooks Tune-Up is a great way to prepare for tax time, an important meeting, or a periodic review of your QuickBooks and business strategy
• In a few short hours, our professionals can review transactions, clean up stray entries, balance the general ledger to subsidiary ledgers, and adjust the chart of accounts to reflect changes in your business model
• A Tune-Up can help you make better decisions, minimize the ill-effects of undetected errors, and keep business flowing in the right direction
• Review – Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports
• This review ensures that you receive timely, relevant and reliable financial information
• We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business
• Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business
• Setup – We assist new QuickBooks users with initial setup including: Easy Step Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports
• We also help experienced users manage their businesses more effectively by improving their current setup
• Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup
• Personal Training – We train you personally! Either one-on-one or several individuals within your organization at your company’s location

While a computer software program may help find deductions, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional

Types of Tax Returns

• Estate and Gift Tax Returns
• Corporation (C-Corporation and S-Corporation) Tax Returns
• Employee Benefit Plans Returns
• Tax Exempt Organization Tax Returns
• Multi State and City Tax Returns