As small businesses grow, keeping up with accounting, tax and financial reporting becomes an increasingly time consuming and complicated task. At Kolak Tax and Accounting, our services extend beyond organizing receipts and preparing tax returns to developing effective accounting and tax strategies for standardizing transactions and maximizing efficiencies.
In conjunction with the accounting strategy, strong repeatable financial reporting processes are vital for the small business owner to capitalize on business deductions, reduce waste and avoid costly financial mistakes. We focus on providing the best and most cost efficient services for our clients based on their specific needs and applicable regulatory guidance for the industry in which they operate.
We have experience in all aspects of taxes and accounting; tax planning, tax resolutions, compilation and review of financial statements, accounts payable, accounts receivable, general ledger, payroll, asset management, job costs, and analytical procedures.
In conjunction with the accounting strategy, strong repeatable financial reporting processes are vital for the small business owner to capitalize on business deductions, reduce waste and avoid costly financial mistakes. We focus on providing the best and most cost efficient services for our clients based on their specific needs and applicable regulatory guidance for the industry in which they operate.
We have experience in all aspects of taxes and accounting; tax planning, tax resolutions, compilation and review of financial statements, accounts payable, accounts receivable, general ledger, payroll, asset management, job costs, and analytical procedures.
Services
Kolak Business Group LLC was founded in July of 2002 to cater to accounting, tax and business consulting needs of individuals, small businesses and nonprofit organizations.
Kehinde Kolawole, CPA, CGMA is the founder and president of Kolak Business Group LLC.
He has over fifteen years of extensive accounting, tax and financial reporting experience working with individuals, small businesses and nonprofit organizations.
He recently worked as a controller at a major real estate development firm in Washington DC area.
Kehinde Kolawole, CPA, CGMA is the founder and president of Kolak Business Group LLC.
He has over fifteen years of extensive accounting, tax and financial reporting experience working with individuals, small businesses and nonprofit organizations.
He recently worked as a controller at a major real estate development firm in Washington DC area.
You need good records to monitor the progress of your business.
Records can show whether your business is improving, which items are selling, or what changes you need to make.
Good records can increase the likelihood of business success.
You need good records to prepare accurate financial statements.
These include income (profit and loss) statements and balance sheets.
These statements can help you in dealing with your bank or creditors and help you manage your business.
An income statement shows the income and expenses of the business for a given period of time.
Records can show whether your business is improving, which items are selling, or what changes you need to make.
Good records can increase the likelihood of business success.
You need good records to prepare accurate financial statements.
These include income (profit and loss) statements and balance sheets.
These statements can help you in dealing with your bank or creditors and help you manage your business.
An income statement shows the income and expenses of the business for a given period of time.
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