Maximizing the wealth of your company with our business accounting services

Since 1979, we have been providing Michigan with professional, affordable, and personal business accounting services. In order to meet the growing needs of our clients, we have come to offer a comprehensive list of business accounting and financial services. Whether it’s for you, your business, or both, we focus on delivering maximum value…while maximizing your wealth. Our Services include:

Tax Planning & Preparation

When you work with McDonald & Associates, tax planning is an integral part of your overall business strategy and not something we consider just at year-end. Because we are well-versed in the latest tax laws, we offer practical, proactive, and innovative solutions to minimize your tax liabilities. Our tax services include:

  • Tax returns for corporations, partnerships,
  • SUW (sales use and withholding taxes) individuals and non-profits
  • Tax audit protection up to $1000 in services
  • Strategic tax planning
  • Estate planning
  • Payroll taxes
  • Investment credits

Accounting Services

Whether you are a start-ups or established business, you can rely on McDonald & Associates to provide accurate and insightful financial information to improve profitability and capitalize on new opportunities. We help you achieve these goals because of our accurate record keeping and reporting as well as on-going support. Our accounting services include:

  • General ledger and financial statement
  • Cash flow budgeting and forecasting preparation
  • Financial reports
  • Monthly, quarterly, or annual bookkeeping
  • Accounting system setup and support

Payroll Services

For many small businesses payroll is an inefficient and overwhelming task. For this reason, outsourcing this critical function can save your company money and ease your workload. Since our payroll team has the expertise to handle any size payroll, you can be assured your employees are paid on time. In addition, McDonald & Associates ensures your payroll taxes are prepared and submitted properly. Our affordable payroll services include:

  • Payroll preparation
  • W-2, W-3, and 1099 preparation
  • Direct deposit
  • Worker’s compensation audits
  • Federal and state payroll tax filings
  • Coordination of employee benefits

McDonald & Associates has developed a package of services to perform all your payroll functions.

Business Consulting

McDonald & Associates focuses on producing strategies that help our clients face the myriad challenges of business planning and execution. Consequently, we offer objective analysis to assist in controlling costs, increasing efficiency, and implementing procedures to improve your business’ financial health. Our business consulting services include:

  • Entity selection and restructuring
  • Debt and financing advice
  • Accounting software selection,
  • Transaction structuring and negotiations implementation, and support
  • Business succession
  • Financial projections and forecasts
  • Industry data & analysis

Business Valuations

Whether we are hired by a law firm or directly by the company, we act independently and objectively to provide an unbiased report. In fact, we perform business valuations for:

  • Litigation
  • Federal estate and gift taxation
  • Mergers and acquisitions
  • Bankruptcy
  • Exit strategies
  • Shareholder disputes
  • Divorce

Pension Planning

Because we serve a variety of business clients, we can work with Profit Sharing to 401Ks to SIMPLE Plans. Whether your are the business owner, in the human resources department, benefits administrator or an individual employee, our services can meet a wide variety of pension planning needs. Our pension planning services include:

  • Plan design and review
  • Investment guidance

Income Tax Representation & Support

We understand that at times our clients need our support. As a result of this need, we have a team with the experience and expertise to support you in matters involving:

  • Worker’s compensation
  • IRS audits
  • Union employee benefits
  • State audits
  • Tax audit protection up to $1000
  • Tax notices of audit services
  • Collections
  • Free shredding of confidential files

Software Support

Because we are Certified QuickBooks ProAdvisors™, we can help you set up a QuickBooks® system and provide the training required to meet your needs. In order to assure you use QuickBooks® to your best advantage, we offer the ongoing support to manage your financial information as your business evolves.

Succession Planning

It is important to realize that transferring your business smoothly to the next generation requires planning. With this in mind, we offer succession planning services that cover:

  • Value of business
  • Structuring debt
  • Tax planning
  • Estate planning

Bundled business accounting services

McDonald & Associates has always been focused on improving our clients’ profitability while increasing revenue. With this in mind, we developed our Bundled Services program. In short, it provides your company with access to all of our services for a guaranteed monthly price. In order to determine your customized set of Bundled Services, we will meet with you to review your current services and any potential future needs. We will then develop personalized program options for you to consider and decide which works best.

Once you have approved the program, we will provide the services for a guaranteed monthly price. Additionally, we will meet regularly to review the services being provided, and your program will be adjusted if needed. As a result of our proactive and close working relationship, your financial and accounting services are better served. You also benefit from having a set cost to help with budgeting and cash flow.

McDonald & Associates has expanded over the years. Due to this expansion, we are able to offer business accounting services throughout the state from offices in Grand Rapids, Sparta, Bay City, Midland, St. Charles, and Saginaw Michigan.