OUR SERVICES

Let us help you make your financial goals a reality

Sunflower field in Kansas used as the background header image for MIG Accounting services page.

Accounting

Our accounting services provide you with the information you need to make sound business decisions.

  • Professional preparation and analysis of your business's balance sheets, income statements, and cash flow reports to give you a clear picture of your financial health.

  • Regular compilation and organization of your financial transactions, ensuring your books are accurate and up-to-date on a consistent schedule.

  • Comprehensive management and recording of all your company's financial transactions, providing a detailed record of your business's financial activities.

  • Complete handling of employee payments, tax withholdings, and payroll tax filings, ensuring accurate and timely compensation for your workforce.

  • Detailed analysis of your financial performance across different time periods, helping you track growth and identify trends in your business.

Tax Returns

From individual prep to sales tax, rely on experienced tax experts to make sure you pay on time and by every deadline, accurately.

  • Expert preparation and filing of personal tax returns, ensuring maximum eligible deductions while maintaining full compliance with tax laws.

  • Comprehensive preparation of business tax returns for all entity types, optimizing your tax position while meeting all regulatory requirements.

  • Accurate calculation and filing of sales tax returns, ensuring proper collection and remittance of sales tax to appropriate authorities.

  • Specialized preparation of environmental tax returns and credits, helping businesses comply with environmental regulations while maximizing available incentives.

  • Timely preparation and submission of required annual reports to maintain your business's good standing with the state.

  • Careful calculation and filing of use tax returns for purchases where sales tax wasn't collected at the time of sale.

New Business Setup

Whether this is your first venture or you are a seasoned entrepreneur, let us handle the paperwork while you get building.

  • Complete assistance with registering your business at both federal and state levels, ensuring all necessary permits and licenses are obtained.

  • Securing your desired business name with state authorities before someone else claims it.

  • Creation of comprehensive documents outlining ownership and operating procedures for your Limited Liability Company.

  • Preparation and filing of official documents required to formally establish your LLC with the state.

  • Professional preparation of stock certificates documenting ownership shares in your corporation.

  • Development of detailed internal rules and procedures governing how your corporation will operate.

  • Preparation and filing of legal documents required to establish your corporation with the state.

  • Professional documentation of corporate meetings and decisions as required by law.

  • Assistance with filing the necessary paperwork to elect S Corporation tax status with the IRS.

Audit

Audit stress quickly diminishes when you have experienced professionals helping you build processes and stay compliant.

  • Thorough review of your workers' compensation insurance premiums and classifications to ensure accurate coverage and pricing.

  • Comprehensive examination of your general liability insurance policies to verify proper coverage and premium calculations.

Not sure what services are right for you?

Together, we can assess your current financial situation and identify opportunities for improvement.

Testimonials

FAQs

What documents do I need to file my business taxes?

Gather income statements, balance sheets, expense records, prior-year returns, and any relevant receipts. We’ll guide you through any additional documents needed based on your business type.

What is the difference between an LLC and an S Corporation for tax purposes?

LLCs have flexible tax treatment options, while S Corporations can offer tax advantages by reducing self-employment tax. We’ll advise on the best structure based on your business’s needs.

How long should I keep my business tax records?

The IRS generally recommends keeping records for at least three years, but certain documents should be kept longer. We’ll advise you on record retention policies to ensure compliance.

Should I make estimated tax payments?

If your business doesn’t withhold taxes, quarterly estimated payments are necessary to avoid penalties. We’ll help calculate and set up your estimated payments to keep you compliant.

How can I reduce my business’s tax liability?

Effective tax planning, expense tracking, and understanding eligible deductions can help minimize liability. Our team can assess and implement strategies specific to your business.

Are there any new tax credits or deductions for small businesses?

Yes, tax laws update frequently, and we keep track of new credits or deductions that may benefit you, such as the Employee Retention Credit or work opportunity credits.

What happens if I miss a tax filing deadline?

Penalties and interest may apply for late filings. If you’ve missed a deadline, contact us immediately—we can help with extensions, penalty abatement, and getting back on track.

When are business tax returns due?

For most businesses, returns are due on March 15 (for partnerships and S corporations) or April 15 (for C corporations). Deadlines vary for fiscal year filers; we can help you determine your specific due dates.

Can I deduct my home office expenses?

If your home office is used exclusively for business purposes, you may be eligible to deduct certain expenses. We can help you determine if you qualify and calculate allowable deductions.

What expenses are deductible for my small business?

Common deductible expenses include rent, utilities, supplies, employee wages, and business travel. We’ll work with you to ensure you’re claiming all eligible deductions.

You do what you do best,

and let us do what we do best!