Daughenbaugh & Company PLLC is licensed in TX and specializes in Accounting. We are professional, experienced, and affordable. We offer a broad range of services for business owners, executives, and independent professionals.

Filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

We can also assist if you find yourself on the wrong side of the IRS. We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.

For business owners, taxes are a fact of life, but when you work with an accounting firm like ours, our dedicated team of tax and accounting professionals makes sure that you have one less thing to worry about.

If you’re looking for a cost-effective solution to managing your finances or feel like it’s time you obtained an accurate picture of your financials so that you can make informed decisions about your financial future, we can help.

Today’s tax laws are complicated. Whether you’re preparing the return for your business or filing individual taxes, IRS compliance can be overwhelming. With so many important details to consider, it’s easy to make an error or omit something which could end up as a penalty, fine, or unwanted problem with the IRS.

At Daughenbaugh & Company PLLC, we serve business planning, preparation and filing needs while remaining compliant with the continuously changing tax laws and regulations. We offer comprehensive tax services for upcoming returns and will work with you to plan ahead to maximize appropriate deductions and credit opportunities.

• Tax Preparation for Businesses: It is important to develop a relationship with a tax preparation firm that understands how your business works. As your trusted advisor, we make sure you stay on top of your tax obligations and avoid penalties and fees that reduce your profitability.
• Tax Planning: Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
• Estate & Trust Tax Services: Preparing income tax returns for trusts and estates can be complex and confusing. We have professionals on our team who are experienced in all aspects of trust and estate administration, including the tax and accounting issues unique to trusts and estates.
• Tax Relief: We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet.

As a business owner, you may be accountable to creditors, private investors, and shareholders, all of whom are interested in ensuring that the company’s financial statements accurately represent the true financial position of the company.

There are three types of CPA certified financial statements:

• Compilations: The first level of service is the compilation. There is no verification that the numbers presented in the statements are accurate and the financial statements produced are for management and third-party use.
• Reviews: More involved than a compilation, but not as comprehensive as an audit, reviews provide “limited assurance.” Key personnel are interviewed about the company’s accounting policies and procedures, industry, operations, and financial statements. A review report is issued as well.
• Audits: Audit services are the highest level of service provided. We work closely with key personnel to gain knowledge of internal control systems (“checks and balances”). Verification and substantiation procedures are performed in accordance with Generally Accepted Auditing Standards (GAAS).

The goal of business financial planning at any company is to advise company decision-makers on how to achieve revenue and growth goals through strategic planning. We do this by analyzing, synthesizing and translating data and using this information to help CEO, CFO, COO, and other C-suite management make better decisions about your company’s future.

If you've been in business for a while, you could be coasting along, stuck in the routine of payroll, taxes, and worrying about cash flow. Sure, you're probably earning a good living, but maybe you’ve been wondering if there's any way you could become even more profitable--without making too many changes to your business practices.

The good news is that you can, and we are here to help you do just that.

Here's what we do for you: 

• Financial reporting and analysis
• Identify company-wide trends and variations in your business financials
• Use historical performance data to forecast future performance
• Profitability analysis
• Develop and maintain strategic plans in support of growth
• Business modeling
• Budgeting and financial forecasting
• Sales, marketing and economic analysis
• Company performance management (developing key performance metrics and benchmarking)

Accurate bookkeeping is essential to your company’s long-term viability. Experienced, affordable, and reliable, we serve a variety of industries and clients from self-employed home-based business owners to small and medium-sized businesses with employees. When you outsource your bookkeeping services to us you get one on one personalized service and state of the art technology and payroll software.

If you’re just starting a business, we’ll set up reporting and recordkeeping systems that make it easy for you to keep track of where your money is going. If you’ve been in business for a while, but need help cleaning up your books, we’ll work with you to streamline your bookkeeping systems and set up a system of checks and balances.

But the best reason to use our bookkeeping services? You’ll have more time to focus on running your business and generating more profits.

Here's what we do for you: 

• Accounts payable (entry, bill paying)
• Accounts receivable (entry, invoicing, deposits, collection)
• Bank Reconciliations
• Inventory management
• Bookkeeping clean up
• General ledger
• Tax forms (1099s, 1096)
• Payroll processing
• Outsourced bookkeeping

Opening your own business is exciting and thrilling. It's everything that comes after that dictates whether a small business will make it or not.

Professionalism

We believe our high standards, service, and specialized staff make a difference and are dedicated to ensuring every client receives personal attention. We also know how important it is to stay informed about new developments in tax law and other related topics. As such, we continually educate ourselves through professional organizations to improve our technical expertise and financial knowledge, as well as how to serve our clients better using state-of-the-art technologies.

Responsiveness

We provide comprehensive financial services to individuals, small to medium-sized businesses, and other agencies. Dedicated to serving client needs throughout the year - not just at tax time - we strive to respond quickly to any concerns our clients have. To see a listing of our services, please take a moment and look at our services page.

Quality

As trusted advisors, we are available to assist our clients at any time to provide insightful advice that enables them to make informed financial decisions. If you have any questions or want to learn more about how we can help you achieve your financial goals, don't hesitate to contact us today.

Please use the link below to schedule a meeting. We will happily offer you a free consultation to determine how we can best serve you.

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Daughenbaugh & Company PLLC

1301 S Bowen Rd. Suite 140

Arlington, TX 76013