Accounting Services

Individuals, organizations, and businesses of all sizes can benefit from the accurate and insightful information a valuable accounting partner provides. With over 15 years of experience, Hemanth Meda CPA, PLLC services the Research Triangle with dedicated service, comprehensive solutions, and expert knowledge.

A great accounting partner can handle necessary financial and bookkeeping duties, allowing you to focus on the parts of the business that matter to you. But great accounting goes beyond this.

With a deep relationship to your business, a great CPA or accounting firm highlights necessary actions to maintain profitability and illustrates new opportunities for growth.

Our services include:

  • General Ledger and Financial Statement Preparation
  • Bookkeeping
  • Accounting System Set-Up and Support
  • Payroll
  • Cashflow Budgeting and Forecasting
  • Employee Benefit Plans
  • Corporate Tax Planning and Return Preparation

Tax Management Services

Our clients enjoy a wide menu of tax planning and preparation services, all designed to minimize your tax liabilities, maximize your cash flow, and keep you on track to reach your financial goals.

Financial and Retirement Planning

Financial and Retirement Planning can involve numerous strategies and solutions. Our goal is to help you achieve your financial goals using the solutions that are appropriate for your specific situation and priorities. We can guide you through many areas of financial and retirement planning, including:

  • Asset Allocation
  • Investment Monitoring
  • College Funding
  • Retirement Plans
  • Insurance
  • Tax Planning
  • Estate Planning
  • Business Succession Planning

QuickBooks Accounting Support and Assistance

Many businesses use QuickBooks to track and generate valuable financial information about their organization. However, to get the most out of your QuickBooks software, you must install the product most appropriate for your needs and use it correctly. With a great understanding of the QuickBooks suite of product solutions, we can help you optimize your integration of the tool into your business.

Hemanth Meda, CPA, PLLC’s provides the following services to meet your QuickBooks needs:

Training

We can train you on the right QuickBooks product for your company, either on a one-on-one basis or in a group presentation.

Installation

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

Setup
Our firm helps new QuickBooks users with initial setup and can also assist current users optimize their organizations more efficiently by improving their existing structure. Often, the difficulty users experience is the result of inadequate setup, which can hinder the ability to track and generate important information.

Support

In addition to software support, we also offer payroll and accounting assistance.

Review

Our review service helps firms that have the resources to handle daily accounting duties but need assistance reviewing longer range transactions, reports, and accounts. We identify any needed corrections and adjustments to ensure your information is accurate and ready to be used for planning activities.

Tax Resolution Services

Outstanding issues with the Internal Revenue Service can be the cause of much stress and worry, especially of the issue overlaps with your business concerns. We can help bring peace of mind by explaining any communication received by the IRS and speaking on your behalf.

IRS representation services include:

  • Preparation of Unfiled Income Tax Returns
  • Penalty Reduction
  • Offers in Compromise
  • Payment Plans
  • Financial Hardship Plans
  • Wage Garnishment/Bank Levy Releases
  • Innocent Spouse
  • Audits and IRS Appeals

Insurance Planning

Life insurance comes in many shapes and sizes. For the average consumer, making heads or tails of life insurance can be difficult and confusing. How do you choose the right life insurance options? How you select appropriate additional features? You may even ask yourself if you need life insurance in the first place. The bottom line is that if you support others—either financially or through your efforts—you should consider the protection. At Hemanth Meda, CPA, PLLC, we can help you choose the appropriate life insurance policy based on numerous available options.

Financial Projections and Forecasts

While it can be difficult to predict precisely what will happen in 1 year, 5 years, 10 years, or longer, it is beneficial to plan for the future. Combing years of experience, expertise, and a strong knowledge base of current market trends, Hemanth Meda, CPA, PLLC can produce informed financial projections that help your business plan for growth.

International Taxation

Hemanth Meda, CPA, PLLC has experience with entities conducting business abroad, individual residents working abroad, as well as foreign entities and individuals conducting business within the United States. Contact us with your questions regarding international taxation.

Advisory Services

At Hemanth Meda, CPA, PLLC, our focus is on creating long-term relationships that add value to you and your business. This includes evaluating financial processes and working to make strategies that help you address the challenges that may come with business planning and execution.

Our assurance services will improve information quality or its context, meaning more success for your business.

These services include, but are not limited to:

  • Entity selection and restructuring
  • Accounting software selection, implementation, and support
  • Debt and finances advising
  • Mergers, Acquisition, and Sales
  • Transaction structuring and negotiations
  • Business succession

Cash Flow and Budgeting Analysis

Understanding and optimizing your organization’s Cash Flow is very important to sustaining operations and positioning for growth. By tracking sources and uses, forecasting, and budgeting properly, Hemanth Meda, CPA, PLLC can help you maintain optimal cash flow levels.

FBAR Reporting

At Hemanth Meda, CPA, PLLC, we provide step by step guidance and support to our clients on Foreign Bank and Financial Accounts (FBAR) Reporting. If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the Department of Treasury by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR)

Business Valuation

Business valuation is crucial for a wide number of activities and arrangements, including insurance, succession planning, selling/buying a business, family limited partnerships, obtaining credit, and more. Our expert assistance can help you properly evaluate a business, so that you can make informed and confident decisions.