Comprehensive Accounting Services
Michigan Accounting Services
Need Help with Michigan Accounting Services or Taxes?
Franskoviak Tax Solutions prides itself on offering our clients a wide variety of accounting services as well as IRS and Michigan state tax solutions. Both individual taxpayers and corporate clients will find their bookkeeping, tax preparation, and tax planning needs fulfilled by our firm’s attentive and experienced team. We also offer a number of small-business focused accounting services like corporate tax consulting and corporate structuring assistance—we’ll even help you file the paperwork!
Our firm offers a superior client experience because we genuinely love helping our clients move forward. Our Michigan accounting services allow us to address a wide variety of needs for many clients. Whether you are an individual taxpayer hoping to make the most of your income tax return or a corporation looking for help with its tax planning, we look forward to providing you with the expertise and care you need to reach your goals.
Tax Resolution Services
What are accounting services?
Accounting services include bookkeeping, financial analysis, tax filing, payroll services, account management services, budgeting and forecasting, divorce and retirement planning, and many other financial organizing and management tasks.
How much does it cost to outsource accounting?
The monthly service fees for accounting services can range anywhere between a few hundred dollars a month to a few thousand dollars a month.
When not on a monthly retainer accountant service rates vary, typical fees range from $150-$400 or more an hour, depending on the type of work and the size of the company. For more routine work and monthly financial and payroll responsibilities you can pay lower rates by hiring a bookkeeper for $30-$50 an hour.
At Franskoviak Tax Solutions we have all professional levels available for the convenience of our clients. Our on-boarding process involves meeting with our clients and developing a unique and cost-efficient service plan to fit your specific needs.
What’s the difference between CPA, Accountant and Bookkeeper?
CPA’s (Certified Public Accountants), Accountant and Bookkeepers all work with individuals and businesses managing their financial well-being.
Bookkeepers ~ perform several services that apply to most types of businesses. A bookkeeper generally records sales and purchases, reconciles financial documents, track accounts payable and accounts receivable, and they process and maintain a company’s payroll system. Bookkeepers often only have a high school education level, many have some college but not always a college degree.
Accountants ~ have at least a bachelor’s degree, although it doesn’t have to be in accounting. Accountants can review business finances and give management analysis and perspective. Accountants often specialize in tax advice and tax planning, financial projections for the business’s future and Company spending.
Certified Public Accountants ~ The difference between a CPA and a regular accountant is that only CPAs can write an audited financial statement, such as a balance sheet or income statement.
In addition, to become a CPA an accountant must pass their state licensing exam to get certified. The exam lasts 14 hours, and a large majority of test takers fail portions of the test on their first try. In order to keep their license, CPAs take 40 hours of added professional education every year. A CPA makes about 20% higher income than an accountant who is not certified.
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Our accounting services provide financial statement preparation, accounts receivable services, bookkeeping, budgeting and forecasting, divorce planning, quickbooks training, new business formation, income tax planning and preparation, retirement planning, business acquisition consulting, and many other services.
Financial Statements ~
We prepare monthly, quarterly, or annual financial statements. Financial statements are necessary for bank loans, tax preparation, and for business owners to review the health and status of the business. We can prepare your financial statements and work with you to determine available opportunities to increase business profits.
Accounts Receivable ~
Why should you waste your time creating invoices or trying to collect money from clients/customers? We can enter invoices for you, generate statements for invoices not paid after a specific period of time and send past due reminders too. As much or as little help that you need managing the accounting for your business, we can provide it.
Bank Reconciliations ~
Having a professional accounting service prepare your bank reconciliations is a smart idea. It is always good to have a third party looking over transactions especially if you have an internal bookkeeper or accountant. This cuts down on mistakes and embezzlement issues. You will be assured your cash is accurate.
Income Tax Planning & Preparation ~
Individual tax planning and preparation can be a complicated, time-consuming process. But it doesn’t have to be that way. By enlisting qualified professional services to manage it for you, your tax season can be stress-free. We believe sitting face-to-face with our clients and getting to know their needs so that we can provide the most profitable tax returns for our clients.
Budgeting & Forecasting ~
New Business Formation ~
Not sure which type of entity your new business should be? When it comes to creating an LLC or other business entity, the Franskoviak Team will help you quickly and easily form your LLC, S-Corp, C-Corp, or other business type and be sure that everything is registered and filed as it should be.
Retirement Planning ~
Whether you are building wealth, transitioning into retirement, or planning for your business, our objective is to provide wise counsel, establishing a long-term relationship built and earned on the solid foundation of trust.
Divorce Planning ~
If you’re considering leaving your spouse, you need a solid exit plan. More than fifty percent of all marriages end in divorce. Pre-divorce planning is not about taking your spouse for all you can. It’s about making smart choices with a clear mind. It involves carefully planning out all aspects of your life from where you are now to where you would like to be. The more you plan, the better your position will be in your post-divorce life.
Quickbooks Training ~
We offer training and support for the desktop and online versions of QuickBooks. We offer training one time, as needed, or ongoing, whatever suits your needs we can provide.
We prepare individual and all business tax returns. We are an e-file provider with the IRS. We can have your refund direct deposited directly into your bank account. We offer tax planning to help you avoid those huge tax surprises at the end of the year. We stay up to date on all the latest tax changes.
We offer all payroll services from check writing to tax reporting. Keep your payroll information confidential away from employees by having us prepare your payroll. We will make sure you are tax compliant and prepare all monthly, quarterly and annual payroll returns. We can also keep track of hours per job for job costing reports.
Sales Tax ~
We offer sales tax reporting. Sales tax can be challenging if you do not know the laws. Let us keep you compliant by preparing the sales tax for you. We can show you how to create reports to keep track of sales and sales tax to create the sales tax returns.
We prepare all types of 1099’s. We can keep track of 1099 information for you during the year so at the end of the year you will not have to figure who you owe 1099’s to and how much. We can keep track of W9 information for you during the year.
Business Licenses ~
Personal Property Tax ~
Let us prepare your personal property returns. We prepare personal property tax returns for most counties. We make sure you do not miss assets that should be taxed for personal property.
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Mike Franskoviak has been my business and personal accountant for over 20 years. He has been there for all the different stages of a number of my businesses - start-up, growth, and the sale of the business. He has always been knowledgeable about the tax ramifications for my personal taxes, and has been very accommodating, whether the business was a struggling start-up, or a larger, more complex organization. I would highly recommend him and his staff.
3155 W. Big Beaver Rd.
Troy, MI 48084
MON – THUR
8:00am – 6:00pm
8:00am – 4:00pm
10:00am - 2:00pm
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