Caraballo Accounting

Services

Our passion for our core purpose gives us the courage to step outside of our comfort zone and try new and unconventional ideas. Everything we do is built on the foundation of integrity. We are committed to honesty, trust, and transparency in all of our solutions.

Business Entity Formation​

Choosing the right legal structure is a necessary part of running a business. Whether you’re just starting out, or your business is growing, it’s important to understand the options. The business structure you choose influences everything from day-to-day operations to taxes and how much of your personal assets are at risk. Consulting with business counselors and accountants is a must when setting yourself up for success and the highest impact.​

Advisory Services​

We can help you with inventory setup, reporting, and analysis as well as accounting process setup, improvement, documentation, and even compliance with financial reporting rules and regulations. Our services include financial training to elevate skill sets of employees and owners. Let us develop insights into where you can reduce expenses, increase revenues, decrease risk, and/or benefit from financial opportunities.

Payroll Services & Support​

With payroll tax laws, new reporting requirements, and employee rights changing every month, it’s just about impossible to remain current in this area and still have time left over to run your business. That’s why we make it our business to stay up-to-date with changing payroll laws and compliance so you don’t have to.

Accounting & Bookkeeping​

We strive to deliver your financial reports on-time, allowing you to make the decisions needed to grow your business. We work with the daily tasks, but also advise you on what needs to be done to grow and scale up your business.

Human Resources​ Support

We are available for employee relations questions whenever they occur. Your HR Client Account Manager is available as an expert to bounce ideas off of and help resolve complex situations and help you prepare a compliant onboarding program and recruit the right candidates In addition, recruiting advice and interviewing tools are available. We can prepare a customized employee handbook for your organization and culture. A comprehensive HR Audit will be conducted to determine HR and Employee Benefits processes.

Tax Preparation for Individuals & Businesses

We can handle tax return preparation and filing for individuals, businesses, partnerships, trusts, estates, ex-pats, S-Corps, C-Corps, LLCs, sole practitioners with businesses, nonprofits needing to file Form 990, and many others! We can help you take all of the deductions and credits you are eligible for, such as property taxes, medical expenses, charitable contributions, business expenses, retirement plan contributions, the new 20% business deduction for pass-through entities, child tax credits, and more.

Individual Taxpayer Identification Number (ITIN)

What is an ITIN? An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have and are not eligible to obtain, a Social Security number (SSN) from the Social Security Administration (SSA). If you receive a letter from the IRS, we can help you interpret what they need you to do next. If you need help acquiring your ITIN, please contact us.

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