262.632.6255

Fax: 262.632.6391

1choicetaxracine@gmail.com

4425 Taylor Avenue
Racine, WI 53405

The Most Reliable and Dependable Tax Service in Racine & Kenosha Counties

Hours of operation:
M-Th: 8:30 – 5:30 | F: 8:30 – 4:30
Sa: 8:30 – 1:00 (Seasonal)

Business Services

Accounting can be one of the most time-consuming aspects of operating a small business, but accounting is crucial to the success of your small business. The work can be extremely overwhelming for business owners who lack the time, knowledge and skills to properly handle their accounts. Let us at 1st Choice Tax Service, LLC utilize our knowledge and experience to expertly handle the accounting needs of our clients in our area.

Small Business Accounting Services

We understand that you are busy running your business, and the time it takes to balance your books is time that you would be better off dedicating to improving your company. To help you meet your goals, we offer our small business accounting services on a monthly or quarterly basis.
• Bank Reconciliation – The bank reconciliation process identifies any differences between your business’s records and the statement issued by the bank. Differences might include outstanding checks, interest, automatic transactions and other factors. This process can also detect erroneous charges, unauthorized transactions, bad spending practices and more. Bank reconciliation can save money and provide a sense of security.
• Generating an Income Statement – An income statement provides an itemized summary of your income and your expenses. This statement helps you identify where and how you are spending and receiving money. This document is also very important during tax season.
• Generating a Balance Sheet – A balance sheet provides a quick report of the current status of your accounts. You can quickly and easily examine trends and assess your business’s immediate financial health. A balance sheet can help you make decisions about business expansion and prepare for potential financial pitfalls.
• Cleaning Up the General Ledger – All of your transactions are recorded in the general ledger. A regular review ensures that your ledger is accurate and manageable. We can help you understand how to read your documents so you can know the status of how your business is performing.

At 1st Choice Tax Service, LLC, we also support Quickbooks accounting software. Several of our clients have added us as their accountants and we are able to work in conjunction with them.

Other services can be added to your plan. Additional services include payroll management, tax preparation and more. We can help you develop a custom package to fit the needs of your small business.

1st Choice Tax Service, LLC has more than 20 years of experience in the field. Most small business owners cannot afford to hire an in-house accountant or manage the books personally, but we at 1st Choice can professionally handle your accounting needs without breaking the bank.