We’ve worked with Omni Die for ten years. Each month they send us their QuickBooks financial statements and we make the necessary journal entries so the client knows they have a reliable financial statement to use in making business decisions.
We consult with Omni Die on the phone or in person to discuss various aspects of the financials, including cash flow analysis, analysis of trends in purchases as a percent of sales, review comparative statements for oddities and discuss tax planning opportunities. The client also calls upon us to provide advice on issues such as buying or leasing vehicles, purchasing buildings and various other business issues.
Recently Omni Die asked for assistance in helping to setup a limited liability company owned by foreign individuals. The company was going to be operating out of our client’s facility and they are going to be getting some work from the foreign company. We researched how the foreign owners and employees need to be treated for payroll and income tax purposes and got all the required paperwork completed properly. We set them up on a QuickBooks file and trained their “in-house” accountant how to use QuickBooks, process payroll and efficiently organized the office.