Services — I. E. Lee Financial Services

Tax Preparation: We help individuals and businesses prepare and file their annual tax returns. This involves gathering financial documents, calculating taxable income, claiming deductions and credits, and ensuring compliance with tax laws and regulations.
Income Tax Returns: Preparation and filing of income tax returns, which may include individual income tax returns (e.g., Form 1040), corporate tax returns (e.g., Form 1120), partnership tax returns (e.g., Form 1065), and more.

Tax Research and Analysis: We conduct research on complex tax issues and provide analysis to clients, helping them make informed decisions that align with their financial goals and minimize their tax burden.
Representation before Tax Authorities: We can represent clients before tax authorities during disputes, negotiations, and appeals processes.

Accounting/

Data Entry: Record all financial transactions, including income, expenses, sales, purchases, and other financial activities, into the company's accounting system. This process may involve manual data entry or the use of accounting software.
Account Reconciliation: Reconcile bank statements and financial accounts to ensure that there are no discrepancies between recorded transactions and actual financial records.
Expense Tracking: Categorize and track expenses to provide a clear breakdown of where money is being spent, which is vital for budgeting and cost control.
Invoicing and Accounts Receivable: Create and send invoices to customers, track accounts receivable, and follow up on overdue payments to ensure the company's cash flow remains healthy.
Accounts Payable Management: Manage the payment of bills and monitor accounts payable, ensuring that suppliers and creditors are paid in a timely manner.

Payroll Services: Handle payroll processing, including calculating wages, deductions, and tax withholdings, and ensuring that employees are paid accurately and on time.
Financial Reporting: Generate regular financial reports, such as income statements and balance sheets, which provide a snapshot of the company's financial health.
Financial Analysis: Assist in analyzing financial data and providing insights into a company's financial performance, helping business owners make informed decisions.
Record Maintenance: Maintain an organized system for storing financial records, ensuring they are easily accessible and retained in compliance with legal requirements.
Compliance and Regulatory Reporting: We help ensure that the business complies with relevant financial regulations and reporting requirements, which can vary by location and industry.

Retirement Planning: We help clients plan for their retirement by evaluating income sources, estimating future expenses, and recommending investment and savings strategies to ensure a comfortable retirement.
Debt Management: We offer guidance on managing and reducing debt, including strategies to consolidate loans, refinance, or create effective debt repayment plans.
Financial Health Assessments: We conduct assessments of an individual's or company's financial health, identifying strengths and weaknesses and proposing corrective actions.

Financial Education: We offer educational workshops and seminars to improve financial literacy among individuals or employees of a company.
Budgeting: We help individuals and households manage their money, achieve financial goals, and secure their financial future.
Financial solutions: We provide clients with a customized financial plan, helping them make informed decisions, navigate financial challenges, and work towards their short-term and long-term financial goals.