Do you feel that your business does not get enough tax deductions?

Do you feel that your business does not get enough tax deductions? 

 
This article was designed for those entrepreneurs who want to implement a process that assures them that their company can benefit from all possible tax deductions.

If only need help with your Tax preparation during this Tax season, see our excellent prices: Click Here

 

Why does your company not get all the deductions it deserves? 

Usually companies manage their tax payments in a reactive manner because of cultural issues, it is very common that the tax process never has a management plan.

The following example better illustrates the situation:

Profit and loss (P&L) statements have set expenses such as: “cost of materials”, “payroll cost”, “fixed operating costs” among others. It is very common for the manager and his/her team to make strategies and tactics throughout the year to reduce these amounts to increase the profitability of their products and company.

The same could be done with the taxes, but it is simply not done!

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Is your company reactive or proactive with its taxes? 

A reactive business treats its taxes under two scenarios:

  1. Fully reactive scenario.
  2. Corrective scenario.

Fully reactive scenario

When companies manage taxes reactively, they practically don’t do anything throughout the year to reduce their tax liability. They only become aware of the situation the following year when tax season arrives.

During that time, an accountant must analyze and understand everything a business did throughout the year in a period of less than a month while doing the same for 50 other companies.

An accountant will try to identify certain deductions that your company may be entitled to according to the financial activities that were made the previous year.

Corrective scenario

Surely you have already heard about tax planning or have already implemented it in your company. You should know that although this is an extremely important process that you should continue doing, this is a corrective process since it’s implemented two or three months before the end of the year.

If your company only implements tax planning to comply with its tax obligations, you probably will not get all the deductions to which you may be entitled. This is due to:

  1. Some of the ideas used to lower your tax liability would only be applied to the results of the last two or three months and not to the results of the entire year.
  2. To apply for certain deductions, reductions or exclusions, you may need capital and/or cash flow. It is very common that with two or three months remaining before the end of the year, you no longer have that additional capital and/or resources.
  3. Suggestions to lower the tax liability may not be aligned with your company’s strategy.
  4. The accountant will be doing the same process for 50 or more clients. Therefore, the effectiveness and ability to find all applicable deductions is highly questionable.

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What is an optimal and proactive form of tax planning?

Monroy & Co.PA believes that companies deserve a tax management methodology that:

  1. Assures you can take all the deductions which you are entitled to. Nothing should be left out due to lack of time.
  2. Suggestions made to lower your tax liability should be coherent and aligned with your company’s strategy and vision.
  3. In case cash or capital is required for certain activities, you should be notified with sufficient time, so you have these funds available.
  4. No mistakes should be made that could affect or exposed your company before the IRS.

 

All Deductions confirmed

Two accountants check
your taxes and
you give the final go.

Clear Cut Calculations

Accuracy 100% guaranteed,
you are covered if you receive an audit
due to errors in the calculations.
Click and read our guarantee.

Each Movement is analyzed in Depth

We find all deductions
you or your business deserve,
we aim for maximum deduction.
Click and read our guarantee.

How can you prepare your company to benefit from the maximum possible tax deductions? 

  1. Acquiring one of the accounting plans offered by Monroy & Co. PA that has Smart Tax Cycle
  2. Taking a step forward in the management of your accounting and finance in a strategic way.

How can your company be financially more strategic?

When Monroy & Co. PA takes responsibility of your company’s accounting needs, you and your team have extra valuable time to focus on planning, discussing and establishing new strategies.

What operating processes can your team cease to do?

The expertise of Monroy & Co. PA guarantees accuracy and effectiveness in the handling of the following accounting processes:

  1. Accounting records and bank reconciliations
  2. Preparation of financial statements
  3. Payroll management and payments
  4. Payments to independent contractors
  5. Deposits to the IRS (EFTPS)
  6. Financial and tax projections

What does outsourcing these processes have to do with your taxes?

Through the management of your company’s accounting records, an accountant acquires deep knowledge of your business.

Numbers show your company’s financial reality and true strategy. The more aware an accountant is about your company’s financial reality, the easier it would be to advise you on how to reduce your tax liability and other financial aspects.

Your accounting team should have the necessary time to implement processes that ensure obtaining the identified efficiencies.

Should you outsource all processes at the same time?

No.

Monroy & Co.PA has different plans that adjust to your company’s current needs and situation.

If you want to benefit from an optimal tax management, you should choose a plan that includes our Smart Tax Cycle coverage.

These are our plans:

One of Monroy & Co. PA’s professional advisors can guide you in choosing a plan that best suits your company’s needs

If you are interested, but for now you only need assistance preparing your 2017 tax return, see our prices.



  • Bookkeeping
  • Head Count & Third Party Management
  • Tax Guarantees
  • Business Planning
  • Technology & Support

  • Transactions
    Bank Reconciliation
    Credit cards Reconciliation
    Financial Statement
  • Employees Payroll
    1099 Independent Contractors
    EFTPS IRS Deposits
    Accounts Payable
  • Triple Check Tax Watch
    Tax Accuracy Assurance
    Max Tax Deductions
    Representation in audits
  • 4th Quarter Tax Planning
    Business Discussions
    Tailor Made Reporting Strategy
    Key performance Indicators
  • 24/7 Customer Portal
    CRM Friendly reminders
    Online Newslettter
    Webinars & Online Meetings

  • 1-50
    1
    1
    1













  • 51-100
    2
    2
    1





  • 1







  • 101-200
    2
    2
    2
  • 2
    2







  • 2







  • 201-500
    3+
    3+
    2
  • 4+
    4+





  • 4 Hours

  • 2






Know more about which plan suits your company best: Click here.

Accounting help for startup companies with a small banking activity

Help for young companies with a high accounting operational load

Accocunting support & feedback about financial performance

Smart Tax Cycle Coverage Included

Accocunting support & Financial Strategy Design

Smart Tax Cycle Coverage Included

Your suscription can be scaled up or down at any time.
2 months free with your annual commitment.

Learn more about us or Get Started

How Smart Tax Cycle works?

We work close with you and your team to achieve a cycle of efficiencies, following these steps:

Step 1 (Tailor Made Reporting Strategy): We design an accounting reporting strategy to benefit your tax situation and that is within the legal framework of the Generally Accepted Accounting Principles (GAAP).

 

Step 2 (Wise Tax Mining): We find all alternatives to benefit your company related to taxes, ensuring they are aligned with the strategy and available financial resources.

 

Step 3 (Strategic feedback through a common language): At least twice a year, you will meet with Monroy & Co. PA’s executive accountant to discuss your company’s strategy to continue finding tax benefits and efficiencies in other outlines of your financial statements.

 

Step 4: The results and findings of all our meetings are incorporated back into the processes in step 1 (Tailor Made Reporting Strategy) and step 2 (Wise Tax Mining). This way, together we can establish a continuous cycle of tax improvements.

 

Step 5 (Triple Check Tax watch): Every tax return is reviewed by two of our accountants and is not sent without your consent. This way we ensure that there are no errors and that all the deductions discussed throughout the year are included.

 

Guarantees: At Monroy & Co. PA we are so confident in the success of our Smart Tax Cycle, that we provide the following guarantees:

  1. Wise Tax Mining Guarantee: If you find a different tax firm that achieves greater tax deductions for your business, the cost corresponding to your tax preparation will be refunded to you.
  2.  Accuracy Assurance: If your tax return is audited by an error on our behalf, we will represent you before the IRS at no additional cost until the situation is clarified.

All Deductions confirmed

Two accountants check
your taxes and
you give the final go.

Clear Cut Calculations

Accuracy 100% guaranteed,
you are covered if you receive an audit
due to errors in the calculations.
Click and read our guarantee.

Each Movement is analyzed in Depth

We find all deductions
you or your business deserve,
we aim for maximum deduction.
Click and read our guarantee.

Welcome to Monroy & Co.PA 

We are an accounting firm located in Miami, Florida with more than 10 years of experience in accounting and tax preparation for small and medium sized companies.

Within our group, we have the support of professionals in accounting and Enrolled Agents specialized in taxation. This combination of professionals was designed to provide complete financial and legal advice to strengthen our clients’ needs.

 

It would be a pleasure to know more about you and your company.

Please contact us at: (305) 749-5555 or visit us at one of our offices:

Contact us

Central Miami – Doral

Monroy & Co.PA
3105 NW 107th Ave #505
Phone: (305) 749 5555
Fax: (305) 594 1881
accounting@monroycopa.com

Contact us

South Miami – Kendall

Monroy & Co.PA
13831 SW 59th Street #101
Phone: (305) 749 5555
Fax: (305) 594 1881
accounting@monroycopa.com

Write your questions or concerns and you will have a response in less than 48 hours.

PREPARE YOUR BUSINESS FOR MAXIMUM TAX SAVINGS & ACCOUNTING EFFICIENCIES

We take care of your accounting operational load to accelerate your financial strategy