Business Services

Accounting and Tax Services

The experts at Heemer, Klein & Company PLLC are here to help with your organization and the day-to-day upkeep that is involved with your growing business. Our reliable experts will deliver tax and accounting solutions to maximize your profits while scaling your business.

Get Started

(586) 751-6060

Business Services

Accounting and Tax Services

Get Started

(586) 751-6060

Tax Services

Our expert tax professionals will simplify the process, maximize refunds and credits and avoid unnecessary fees and penalties

Accounting Services

Maximize profitability and capitalize on new opportunities with accurate record-keeping and reliable financial reporting.

Start-up Solutions

Whether you’re still preparing to open your doors, or you’re an established business, our experts can help your business reach its goals.

Tax Services

We can help you with federal, state, and local tax preparation. Our expertise and experience allow us to offer thorough research and analysis so you can optimize financial opportunities based on existing tax laws, even the most recently changed ones. Using our staff’s extensive knowledge, we will assist you in organizing your tax documents and advise you on applicable tax law changes.

Tax Management Services

At Heemer, Klein & Company, PLLC, we offer professional tax preparation and effective tax management services in Warren, Sterling Heights, and Richmond, Michigan. Our experienced staff can guide you through the full range of tax management, planning, and tax preparation decisions by creating strategies that minimize your tax liabilities, maximize your cash flow, and keep you on track to reach your financial goals.

Tax Planning & Tax Projections

Although it can be tempting to put taxes out of your mind until the new year arrives, this attitude can cost you valuable tax savings. With our tax planning and tax projection services, we can create strategies to maximize savings for your business. For example, proper retirement account planning or converting Schedule C filing to S-Corporation filing can both reduce your tax liability.

Historically, clients who benefit most from tax planning are profitable Schedule C filers and existing S-Corporations that allow us to perform a 9-month update of their current year bookkeeping. This 9-month update allows us to run projections and set detailed plans for reducing your current year's tax liability.

To reduce potential underpayment penalties, we tax plan our clients to ensure they are adequately paid toward their current year's tax liability.

IRS Representation

Professional representation can be vital during an audit, and we can use our experience with tax authorities to safely guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, our firm’s professional representation will ease many of your worries. We will prepare to answer any and all questions the IRS may be asking of you.

Comprehensive IRS Representation

Our IRS Representation Services Include:

Power of Attorney (so we can act on your behalf)
IRS Audits (at our office, not your home or business)
Respond to IRS Correspondence
Offer in Compromise (including Forms 433-A and 433-B Preparation)
Innocent Spouse Relief
Prior Year Tax Filings
Payment Plans and Installment Agreements
Reduction of Penalties

IRS Tax Resolution

It’s not uncommon for clients to come to us under the burden of tax liabilities, unpaid taxes, installment agreements, and unfiled tax returns. Our firm has gathered extensive experience in helping businesses through these unique and stressful financial situations. After taking time to understand your situation, we’ll come up with a plan that’s tailored to your specific needs and problems, and then we’ll execute that plan so that you can go back to running your business without financial stress hanging over your head. For over 55 years, we have helped individuals and businesses regain their financial independence from IRS tax liens, levies, and seizures.

Common Situations

Innocent Spouse Relief: If your spouse or former spouse improperly reported items or omitted items on your tax return, Innocent Spouse Relief may be the right solution for you. However, there are specific conditions that your situation must meet in order for you to qualify. Here are a few:

First, have a joint return filed which has an understatement of tax due to erroneous items of your spouse (or former spouse).
Second, establish that you were unaware of an understatement of tax at the time of signing the above joint return.
Third, you and your spouse (or former spouse) must not have fraudulently shifted any property as part of a scheme. A fraudulent scheme involves an individual deceiving the IRS, loan servicer, creditor, ex-spouse, business partner, or other third party.

Installment Agreements: Unsettled tax debt may feel like too much to overcome, but you do have options for how to resolve this issue. When expressing the willingness to resolve your debt, the IRS may allow you an installment agreement so you can pay off your tax balances gradually. IRS installment agreements are not all the same, their terms depend on an individual’s amount of tax, penalty, and the interest owed. We can help you find a long-term solution to efficiently pay off your tax debt over time.

Offers in Compromise (OIC): An offer in compromise is an agreement between you and the IRS that settles your tax liabilities for less than the outstanding balance. Generally, this is reserved for people who cannot pay off their full outstanding tax debts through an installment agreement or other means. In order to qualify for an OIC, you must have filed all your tax returns, have paid all your estimated tax payments for the current year, and if you are a business owner with employees, then you must have made all required federal tax deposits for the current quarter.

Sources: Innocent Spouse Relief (IRS)
Topic No. 204 Offers in Compromise (IRS)

IRS Installment Agreement (IRS)

S-Corporation Tax Election

Understanding the advantages of a legal entity seems to be simple but making the wrong decision can be expensive. Though there are both similarities and differences between organizing as a Limited Liability Company (LLC) and an S Corporation, trust the experts at Heemer Klein to help determine what's best for your new business. Our staff will discuss how you can elect for your LLC to be taxed as an S Corporation and the appropriate timing of such an election.

Heemer Klein specializes in small business taxes

Since Heemer Klein has helped thousands of small business start-ups over the past 50 years, there's no reason for guesswork. There are subtle yet tricky differences. Since corporation rules are much more involved than personal tax returns, a new business is wise to lean on a professional staff like Heemer Klein to make the smartest determination.

Heemer Klein is dedicated to protecting your personal assets

The business decisions you make at the start often have a long-term effect on your business' success in terms of tax liability. Since situations change rapidly, a decision today may need to be adjusted in a few months. With Heemer Klein in your corner, business owners enjoy peace of mind knowing our staff will help you pivot to make sure a tax advantage isn't lost.

Our staff is also ready to assist small businesses with bookkeeping. This service helps owners have easy access to current financials and understand their impact on the business' overall health. Nobody wants unexpected surprises and our bookkeeping allows owners to keep a finger on the pulse of their ledger.

Late Filing Taxes

While there are plenty of reasons you may fall behind on taxes or not file them at all, it’s a costly mistake that comes with serious repercussions. Circumstances may occur that impact the ability to file tax returns timely. At Heemer Klein, we understand and we’re here to help! Reasons for not filing taxes may include:

The inability to pay taxes owed.
Lost or misplaced tax forms.
A life event such as a divorce or death of a family member.
Fear of IRS scrutiny.

Even if you’ve experienced any of these situations, taxes still need to be filed. Failing to file returns is a federal crime. Unfiled tax returns can also cause complications with the following:

Purchasing a home.
Obtaining health insurance on the marketplace.
Applying for student loans.
Obtaining a passport.

Accounting Services

It’s never too early in your business’s growth to benefit from professional accounting services, and your business will never outgrow the need for it. In order to maximize profitability and capitalize on new opportunities, accurate and insightful financial information is imperative. Heemer Klein & Company’s professional accounting services will result in accurate record-keeping and reliable financial reporting. We can also advise you on accounting system selection and setup, cost containment strategies, tax planning, and employee benefit programs. These services include but are not limited to:

Financial Statement Compilations

Financial statement services from Heemer, Klein & Company, PLLC provide various levels of assurance based on your company's needs and budget.

Compilations

Compilations are generally requested for internal purposes, and we base them upon information provided by a company's management. Compilations are a presentation of information obtained from a client in financial statement format. These financial statements are not reviewed or audited and therefore Heemer Klein does not express an opinion about the financial statements.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Heemer, Klein & Company, PLLC combines expertise and experience with a thorough understanding of your business to produce financial projections that can help you manage your business plan and spending. Due to the importance of projecting your business activity, we stay current with market trends to help your business be prepared.

How Your Taxes are Impacted by Financial Projections and Forecasts

At Heemer, Klein & Company, PLLC, our goal is to help you succeed in all areas related to your finances, including tax preparation. Tax planning ins essential to reducing your tax liability. We utilize current financial information combined with projected activity to develop our tax projections. Our expert staff at Hemmer Klein will assess the big picture of your finances and provide timely information to assist you in financial decision making.

Find out what your financial projections and forecasts tell us about your future.

Bookkeeping/Write-up

Save Money and Time with Bookkeeping Services

Our deep knowledge of bookkeeping allows you to have access to accurate tax and accounting records that are easy to analyze.

Outsourcing your bookkeeping may seem like just an added cost, but the work of professional accountants can save money for your business. The bookkeeping solutions we offer will be tailored to the size and structure of your small business, allowing you to stay focused on growth and profitability. Along with a number of other benefits, we will keep you updated with timely financial information that allows you to make more effective decisions—even if they need to be made quickly.

Business Accounting You Can Trust | Heemer, Klein & Company, PLLC

With our comprehensive bookkeeping services, you and your employees will have more time to spend on activities that grow your business. Choosing Heemer Klein to handle your bookkeeping will take the stress out of accounting, leaving you with more energy and focus to run your business. We offer a variety of bookkeeping services, including payroll, QuickBooks set-up, training, and consulting.

Accounting Software Implementation

With the accelerating advancement of technology, your company’s accounting systems need to stay updated to remain on pace for success in the future. There are numerous powerful accounting programs available to businesses today, such as QuickBooks, FreshBooks, Sage Business Cloud Accounting, AccountEdge Pro, and Xero. With all of these options and more, it can be difficult to know which program will be most beneficial to your needs.

The experts at Heemer, Klein & Company, PLLC have the in-depth accounting experience to know exactly what your business will need from its accounting software. Once we’ve analyzed what needs your business’s accounting software must meet, we can help you choose the perfect accounting software.

Using improper accounting software for your business leads to a waste of time and money. Heemer Klein uses the latest technology for our clients and our skilled staff makes sure your specific needs are met. We can also assist with training your employees in the chosen software to ensure your in-house financial reports add value.

Heemer, Klein & Company, PLLC: Your Experienced Tax and Accounting Firm Michigan

Payroll Services

If the words “payroll processing” make you feel uneasy, you are not alone.

With Heemer, Klein & Company, PLLC handling your payroll, your concerns will be alleviated. We can streamline your payroll processing to reduce time and simplify your payroll tax filings. We have decades of experience in federal, state, and local payroll tax filings.

Complete Payroll Services Michigan

An important first step in payroll management is correctly classifying your staff as employees or subcontractors. Misclassification can be an expensive mistake. Heemer Klein’s expert staff can design the perfect payroll solution for your business and budget,

Heemer Klein offers several tiers of payroll services. For companies with the staff to handle some of their payroll tasks, our payroll services will come at a lower cost. If you need full payroll services, our team can come up with a plan that takes the burden of payroll off your shoulders.

The payroll services at Heemer, Klein & Company, PLLC will:

Exhibit Cost-Effectiveness. Your staff will be more efficient at a reasonable cost.
Save You Time. Heemer Klein’s payroll services allow you to focus on your business, not maintaining a payroll system.
Provide Worry-Free Payroll Tax Filing. Remove the risks of filing payroll tax reports and forms on your own. More IRS and State tax penalty notices are generated from errors made in payroll filings than any other business function.

Employee Benefits, Pension, and Profit-Sharing Plans

While it’s important to show your appreciation for your hardworking employees, choosing and administering benefit plans is often a complex process. The expert team at Heemer, Klein & Company, PLLC is here to help you select your benefit, retirement, and profit-sharing plans so you can reward your employees while reaching your company's financial and business goals.

We align with firms that specialize in investment and benefit advisory services. We work closely with these firms to ensure your benefit and retirement plans maximize the tax advantages to your business.

Heemer, Klein & Company, PLLC: Your Experienced CPA in Macomb County and Oakland County

QuickBooks Accounting Help and Assistance

When used correctly, QuickBooks is a convenient tool that provides timely, useful information like financial statements, reports, and graphs. To use it as effectively as possible, you need the correct QuickBooks product, set up, and manner of use for your company. We have expertise in QuickBooks and can show you the most effective way to use it for your specific company.

Heemer, Klein & Company, PLLC offers the following solutions to help meet your QuickBooks needs:

Personal Training

We can train you and your employees individually, or we can hold group training for several individuals on location at your company.

Installation

We install QuickBooks on your stand-alone computer or in a network environment, in either single or multi-user mode.

Set-up

We assist new QuickBooks users with the initial set-up including EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. If you’ve got experience using QuickBooks, we can also check your set-up to ensure that it’s as effective as possible for your needs. An inadequate set-up can make it difficult to track important information.

Support

Our QuickBooks support service can assist you with any installation, set-up, or operation assistance you might need. We can also provide accounting and payroll assistance.

Review

Our QuickBooks review service is most helpful to companies with the resources to perform daily accounting and payroll tasks but need an accounting and payroll expert to review their transactions, accounts, and reports. This review ensures that you receive timely, relevant, and accurate financial information. This includes informing you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business.

Reviews may be conducted at any time, but we recommend quarterly reviews to provide you with up-to-date information and consistent feedback about your business.

Cash Flow and Budgeting Analysis

Unless you have perfect cash management, then you have room to improve your company's liquidity, reduce costs, and increase profitability. Heemer, Klein & Company, PLLC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. Even a business with an irresistible product or service can be crippled by poor cash flow. We can help your business achieve success through analysis of your spending and rebalancing your budget for optimal cash flow.

A Cash Flow Plan for Your Current and Future Success

We will create a baseline cash flow plan for your business at its current state to optimize cash flow immediately. If your business goes through any major changes in structure, we can revisit the original cash flow plan and readjust it to ensure that you are operating at an optimal level. With our guidance, you can stay on top of your finances and prepare for important opportunities in the future.

Customized Solutions For Your Business