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Services

Lee & Smith, PLLC provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:


Tax Management Services

At Lee & Smith, PLLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize tax liabilities and maximize cash flow to achieve financial goals. Our expertise, experience, and analysis allow us to optimize financial opportunities. We are knowledgeable and up to date on tax laws.

 

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information to maintain profitability and capitalize on new opportunities. Lee & Smith, PLLC accounting services assist in achieving these goals with accurate record keeping and reporting as well as support on financial issues such as initial accounting system setup, cost containment, tax planning, investments, and employee retirement plans.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (monthly, quarterly, or annual)
  • Accounting system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee retirement plans
  • Corporate tax planning and return preparation
  • Litigation support
 

Compilations

Compilations are financial statements based upon information provided by a company's management. They do not offer assurance but may involve some adjustments to accounting records.

 

Litigation Support

Lee & Smith, PLLC's litigation support services can be employed in a wide range of situations, including commercial litigation, financial investigations, and business and marital dissolutions.

 

IRS Representation

Professional representation can be vital during a tax examination, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. When a tax return has been selected for an audit, the professional representation we offer will assist in resolving tax issues efficiently and effectively.

 

Bookkeeping/Write-up

Accurate record keeping is essential to a successful business yet can also be complicated and time consuming. Lee & Smith, PLLC can help with the organization and day-to-day tasks of bookkeeping thus allowing our clients to focus on management of their businesses.

 

Entity Selection and Restructuring

From a company's inception through its growth and development, Lee & Smith, PLLC can advise on choosing an entity type and later restructuring it if advantageous. With our knowledge and expertise, we can help in understanding the options available in selecting an entity compatible with particular business needs.

 

QuickBooks Accounting Support

QuickBooks can provide useful and timely information in the form of financial statements and reports. However, it can only provide this information if the appropriate products are purchased and installed, setup, and used properly. We don't just help in using the software; we help in using it more efficiently and effectively.

Lee & Smith, PLLC offers the following assistance to help meet QuickBooks needs:

Personal Training

We offer QuickBooks training for business owners and personnel suited to meet individual needs.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setups.

Support

Our QuickBooks support service can assist with installation, setup or operational assistance. In addition, our support includes accounting and payroll assistance.

Consultations

Our QuickBooks consultations help companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll professional to analyze transactions, accounts, and reports. This assistance ensures receiving 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. Consultations may be conducted at any time, but monthly analysis provides the most up-to-date information and feedback about a business.

 

Payroll Services

Lee & Smith, PLLC; payroll services can help reduce the time spent on administration through developing and implementing a computerized payroll system to facilitate processing, timely payment, and preparation of tax returns.

 

Financial Projections and Forecasts

Lee & Smith, PLLC combines expertise and experience with an understanding of business needs to produce financial projections to help manage business plans and spending.

 

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News

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Some Taxpayer Advocate Service offices are temporarily closed due to the effects of Hurricane Maria. The Puerto Rico office is currently closed for business due to Hurricane Maria. We will update o...

TAS office closures affected by Hurricane Irma

Some Taxpayer Advocate Service offices were temporarily closed due to the effects of Hurricane Irma. As of Monday, September 18, 2017, all TAS offices in Florida are currently open for business. He...

Installment Agreements (IAs): TAS Study Finds Taxpayers Enter IAs They Cannot Afford

In this and next week’s blog, I will discuss my recent Most Serious Problem on Installment Agreements (IAs) and the corresponding Research Study that was published in my 2016 Annual Repor...

The IRS’s Position in Mescalero Apache Tribe v. Commissioner Raises Concerns About the IRS’s Commitment to Taxpayer Rights

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Why Correctible Error Authority Raises Significant Taxpayer Rights Concerns – Part 1

People occasionally ask me which areas of tax administration worry me the most. There is certainly no shortage of candidates, but if I had to narrow it down, the IRS’s math and c...