ANFRA



Our Services

Providing you with a full range of business and personal accounting, financial, and tax solutions.

What We Do

Working with you to customize an accurate financial strategy.

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Group 1

Accounting Services

Our experienced team aims to provide financial tasks, advice, and solutions as required by the federal government. A proper accounting foundation is essential to large and small businesses in order to manage its daily functions and keep the business running successfully. Our services range from the following:

  • Bookkeeping, record of financial transactions
  • Monthly Bank Reconciliation
  • Monthly Financial Statement Preparation
  • Accounts receivable management
  • Accounts payable management
  • Inventory control
  • Tax Liabilities such as Payroll and Sales Tax
Group 1

Accounting Services

Our experienced team aims to provide financial tasks, advice, and solutions as required by the federal government. A proper accounting foundation is essential to large and small businesses in order to manage its daily functions and keep the business running successfully. Our services range from the following:

  • Bookkeeping, record of financial transactions.
  • Monthly Bank Reconciliation.
  • Monthly Financial Statement Preparation.
  • Accounts receivable management
  • Accounts payable management
  • Inventory control
  • Tax Liabilities such as Payroll and Sales Tax
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Group 3

Financial Services

In an increasingly competitive environment, we have the expertise in providing firms a combination of services designed to improve cost management, enhance strategic technology utilization, and provide rigorous and objective financial analysis, managerial review, and guidance. We provide services to assist in the:

  • Analysis of financial structure
  • Cash flow and financial planning
  • Breakeven analysis
  • Budget and financial forecast
  • Financial Projections
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taxes

Taxes

Our knowledge and expertise in dealing with and understanding the tax rules allows us to efficiently assist our clients in obtaining tax benefits and incentives in the areas of:

  • Personal Tax
  • Cash flow and financial planning
  • Corporate State and Local Taxes
  • Application to obtain the personal identification number (ITIN)
  • Strategic Tax Planning
  • Tax Preparation
  • Individual or Family
  • Business
  • Payroll
taxes

Taxes

Our knowledge and expertise in dealing with and understanding the tax rules allows us to efficiently assist our clients in obtaining tax benefits and incentives in the areas of:

  • Personal Tax.
  • Cash flow and financial planning.
  • Corporate State and Local Taxes.
  • Application to obtain the personal identification number (ITIN).
  • Strategic Tax Planning.
  • Tax Preparation
  • Individual or Family
  • Business
  • Payroll
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payroll

Payroll Services

Human resources are a vital part of any business, and in association, payroll taxes and liabilities are a very important part of owning a business. In essence, we aid in accomplishing employee stability by ensuring the appropriate completion of various tasks including:

  • Payment of payroll
  • Preparation of checks or direct deposit of payroll into the account of each employee
  • Payment of tax liabilities due to government
  • Preparation of quarterly tax forms
  • Sending mandatory reports and forms as required by government
  • PEO Broker providing a personalized solution via any and all PEO and Employee Leasing companies
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Group 9

Business Accounting and Services

  • Bookkeeping
  • Financial Reporting
  • Audit Services
  • Review Services
  • Compilation Services.
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Group 9

Incorporation Services

Obtaining the correct corporate filings status and corporate election is key to maximizing your business’ true potential. Each type of corporation comes with its own set of rules and laws to abide by. Whether establishing a new corporation or updating a current one, we are here to help with:

  • S Corporation
  • C Corporation
  • Limited Liability Companies
  • Partnerships
  • Nonprofits
  • Sole Proprietorships
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Our Strategic Partners

ANFRA is also very proud to work with industry leading and revolutionary partners.

Web Design and Advertising

Business and Personal Lending

Merchant Services

Business and Executive Coaching

Answers to Your Questions

How do I save on my taxes?
The truth is all money must be reported and taxes are calculated on that amount. Only by properly itemizing your income, expenses, assets and liabilities correctly, can you take advantage of any and all applicable credits and exemptions. Doing this also reduces your audit risk and allows you the peace of mind to grow your income. A little planning goes a long way.
What entity should I choose for my business?
The most common mistake most entrepreneurs make is in the first step when establishing a business. Your business election really depends all on the future you envision. LLC’s (Form Schedule C) are considered a disregarded entity by the IRS and by most states which means you and the company are the same. Partnerships (Form 1065) are used when there are multiple owners, regardless of percentage of ownership, that oversee a company. The company files its own tax return and then issues either a profit or loss for each owner (K1). S-Corporations (Form 1120-S) are companies that meet specific IRS requirements and elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes (K1). C-Corporations (Form 1120) are legal structures in which the owner, or shareholders, are taxed separately from the entity which creates a form of double taxation.
Can you explain cash flow and how to generate more?
Cash flow is the net amount of cash and cash equivalents being transferred in and out of a business. Cash received represents inflow, while cash spent represents outflow. A company’s ability to create a value for its shareholders is determined by its ability to generate positive cash flow, or specifically, maximize its free cash flow (FCF). Free cash flow is the cash generated from its normal business operations after subtracting capital expenditures. Cash flow is nothing more than measuring the rate in which the balance is increasing or decreasing.
How much salary should S Corporation owners take?
While there is no exact formula for determining reasonable compensation, there are best practices based upon your industry. First, a company’s Business Activity Code Number or NAICS / SIC codes are crucial in determining the types of income and expenses one can / should claim. This is the first step in calculating how much of a salary any owner or shareholder should take from their business. Second , an examination of a company’s income statement will then reveal any fluctuation in salaries. Third, planning for future use of the tax will also impact the amount.
How does self-employment taxes work?
These taxes are some of the most difficult to understand and are also some of the most impactful. The IRS defines self-employment tax as a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves; which means you’re paying 15.3% on all your income. There are ways to navigate through the tax and even use it intelligently via a good payroll strategy. Self-employment can also be affected by specific acts and laws, that when properly itemized, can lower the taxable amount.
What exactly is a tax credit?
A tax credit is an amount of money that a taxpayer can subtract directly from taxes owed to their government. Unlike deductions, which reduce the amount of taxable income, tax credits are more favorable than deductions because they reduce the actual amount of tax owed. The value of a tax credit depends on the nature of the credit; certain types of tax credits are granted to individuals or businesses in specific locations, classifications, or industries.