PLANNING AND ADVISING

For both business and personal clients, RainCity PCA, PLLC firmly believes it is critical to start an accounting and tax planning relationship from a proactive position; to plan for maximum tax efficiency, rather than reacting after the fact. The best way to do this is to share our knowledge through options and structures which can help you reach your personal and financial goals.

Accounting System Configuration
Are you using the correct computer accounting system and programs to manage your business’s records for income and expenses?  We can help you select and implement the best method to keep track of all types of financial transactions. The end result is the ability to generate comprehensive reports with a clear set of data to aid in the decision-making processes.Back To Top

Business Health Analysis
Need help in understanding the financial health of your business or potential supplier? We can analyze the profitability, cash flow, liquidity and leverage for you; to help shed light on the true state of the business as a whole, and to help avoid impending disaster and identify potential opportunities for growth!Back To Top

Business Operations & Documentation
Business operations vary according to business type, industry, size, etc., but they all need to take into account their processes, staffing, location and equipment or technology.  We can prepare different scenarios for business operations and documentation to keep your company organziation functions running smoothly and your company earning money.Back To Top

Business Startups
Using RainCity CPA, PLLC to help with your business start up will eliminate many of the headaches and financial woes down the line.  We can recommend the best business entity structure, set your new business up properly with the appropriate taxing authorities, help you with your business plans and long term goals and get you on the right path for optimal tax savings. Back To Top

Buy/Build/Lease Analysis
Not sure of the tax implications when deciding to buy, build, or lease your business space? We can create financial models comparing these options, so you can choose which route best suits your financial needs. Back To Top

Cash Flow Planning
Cash is king!  Whether your business is growing or struggling, effectively managing cash flow is absolutely essential, and for many, the key to business survival.  We will work with you to establish a plan to anticipate the inflows and outflows of money over a period of time, with an eye towards reaching maximum profits and minimum tax implications.Back To Top

Company Fringe Benefits
There are great incentives for employers when it comes to offering fringe benefits to their employees.  We can walk you through a plethoria of options which can provide leverage for employers as recruitment, retention and tax savings tools.Back To Top

Corporation – LLC Income Strategies
When faced with the challenge to reconcile the pressure between short term returns with long term goals, bold and unbiased decisions need to be made.  RainCity CPA, PLLC can propose plans to help with these issues, all the while keeping in mind the tax implications for each strategy.Back To Top

Education Savings
Paying for children to go to college isn’t always easy.  Parents have to be aware of the income tax implications with every step taken.  We can help you navigate the latest rules and regulations as well as prepare a FAFSA to lessen the impact of paying for college, and without raising any potential red flags with the IRS.Back To Top

Entity Structure Planning/Review
Choosing the best structure for your company requires time and consideration. Your choice can impact everything from liabilities and taxes, to who will be responsible for all the profits and debts. Having to switch your legal structure after it has been registered can be difficult, so we can help define the options available to align you goals with the proper legal structure. Back To Top

Estate Planning
Estate planning is far more than just having a will. We can help you define a robust estate plan to ensure your wealth transfers smoothly to your intended beneficiaries, while addressing the potentially complicated tax implications.Back To Top

Exit Strategies
The best exit strategy is the one that best fits your small business and your personal goals, and just as imporant, defined from the outset.  RainCity CPA, PLLC can help you structure the right strategy in advance to give you control over your business’ future and maximize your returns.Back To Top

Income Contract Structures
Figuring out a system early to properly invoice clients needs to be a priority.  Understanding the tax implications of what items are taxable, how income is received, what taxing authorities will require their take are just some of the issues to be considered when developing the right invoicing procedures.  We can work with you and your legal representative to ensure you won’t be caught off guard when it comes time to tax preparations. Back To Top

Income Shifting Strategies
Transfering money within a business or family member can decrease tax liabilities or adjusted gross incomes.  RainCity CPA, PLLC can suggest different options of income shifting that best work for your needs and keep you within the allowable IRS regulations.Back To Top

Independent Contractor-Employee Analysis
There are strict rules determining where the worker falls in the two catagories of independent contractor vs employee, and the tax obligations for each one differs.  We can help you navigate through the requirements, clarify the tax implications, as well as prepare the correct forms for all taxes due.Back To Top

Rental Property Operations
Rental properties are business operations and need to be treated as such.  Co-mingling personal and rental property accounts can lead to costly mistakes and trouble with the IRS.  Based on your goals, we can provide the right models to properly account for your rental property income and expenses and maximize your tax benefits, a knowledge investment that pays for itself.Back To Top

Succession Planning
Succession planning is an essential part of doing business, no matter how certain your future appears.  We can help you put plans in place to prepare for sudden retirements, to build strong leadership, to be ready for changes in the marketplace or to review and examine the company’s current and future finanical and personal goals. Back To Top