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Our Services

Mark B. Lackie, PC provides a wide range of services to individuals and businesses in a variety of industries. At Mark B. Lackie, PC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

Our professional services include:


Controllership

A relatively new area for CPAs is the controllership function. Under traditional accounting, we did everything we could to be that independent reporter of the numbers. But times have changed and the need for a full time controller (and the associated expenses) is unnecessary for many companies. Thus, the CPA steps in and for a few hours a month we can come in and be that controller that they need. We will give your staff the direction they need, reconcile the books and do everything that a normal controller does and then we will turn the data over to another CPA firm to prepare any annual financial statements that you may need. Under this method, we are no longer independent but become an integral part of the management team.

QuickBooks

Quickbooks is the most popular accounting program out there. Why? Because it is cheap and it is easy to use. But, it is also very dangerous in the wrong hands too. Quickbooks comes with minimal control features but we can help you strengthen the internal controls. Accordingly, we offer our service to help you set up the program properly and we can train you or your staff to use it effectively. In addition, we can maintain the password system to keep unauthorized eyes from looking at the data.

In addition to the Quickbooks being used on your computer, we can help you use the Quickbooks online system that will at least make sure the data is secure in event of a catastrophe. Further, with the online version of Quickbooks, we can often review and “cleanup” your data without making visits to your office and accordingly, we can keep your costs to a minimum.

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Mark B. Lackie, PC offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Setup

We assist new QuickBooks users with initial setup including: Preferences, Lists, Customers, Vendors, Employees, Banking and Reports.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Payroll Services

We now offer payroll preparation services through one of the major payroll companies. We act as a wholesaler of their product. Basically, we become a middleman between you and the service. We will contact you and obtain the payroll information. Next, we will input it into the payroll service's website who will then prepare the paychecks (including direct deposit), prepare the reports, transmit the taxes and deliver the payroll to you.

Alternatively, we can put you in contact with a representative of the payroll service company and obtain access to your reports online.

Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Mark B. Lackie, PC can help you by doing as much as you want us to do or as little as you want us to do. You can even outsource your entire bookkeeping to us so that you can focus on your core business.

For those who totally do not want to be involved in the accounting function, we offer the ability to fully outsource your bookkeeping services and we will maintain those records for you.

Tax Preparation Services

Our Income tax services are more than just preparing a tax return. It also includes reviewing your records and asking the right questions to maximize the deductions you are allowed. With over 20 years of experience in accounting, we have learned to ask those questions.

Further, we believe in maximizing the use of technology to provide the highest quality of service to the taxpayer. A by-product of the use of technology will be convenience for our client (especially, the individual client). For most individual clients, we will be able to take their original documents, enter them into the tax software, scan the documents into my "paperless" filing system, review the tax return and finalize the return - all in just one meeting. We can then allow the client to review their return on the screen and then print out the e-file authorization form for their signature. Then, once again using cutting edge technology, transmit that tax return right there in their presence. We will even be able to e-mail them a copy of their return.

We offer a wide variety of tax services including:

  • Individual income tax preparation (Form 1040)
  • Corporation (Forms 1120 or 1120S)
  • Partnerships (Form 1065)
  • Nonprofit organizations (Form 990)
  • Estates and trusts (Form 1041)
  • Retirement plans (Form 5500)
  • Electronic filing (e-file) of tax returns
  • Texas franchise tax report
  • State and local (city, county, etc) reports
  • Income tax planning
  • Income tax research
  • Implications of new tax laws
  • Employer identification number application (Form SS-4)
  • Election to be treated as an S corporation (Form 2553)
  • Excise tax preparation
  • Tax Agency Representation

    If you are contacted by the Internal Revenue Service or any other taxing authority, we can represent you in the matter. By law, the IRS cannot contact you directly if you have authorized someone to represent you on their behalf. Our years of experience with the IRS and other taxing authorities enables us to make sure that you are fairly treated by the taxing authority.

    If you receive a letter from IRS (or another agency), please do not ignore it. You only have 30 days to respond to a notice. Please contact us immediately and we will take care of the issue.

    1099 Reporting

    The Internal Revenue Service has began strict enforcement of 1099 reporting. We can assist you in determining if you need to file a 1099 and we can prepare the 1099 and electronically file them with the IRS.

    W2 and Quarterly Reporting

    We can assist you with the preparation of the quarterly payroll reports (Form 941 and TWC) and the annual payroll reports (Form 940 and W2). The after-the-fact payroll service allows you to process your payroll and make the payroll tax deposits; yet give you piece of mind as we review your computations and prepare your quarterly reports. At the end of the year, we will prepare your W2s and submit them to the Social Security Administration electronically on your behalf.

    Accounting Services

    From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Mark B. Lackie, PC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial chart of account setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

    These services include but are not limited to:

    • General ledger assistance
    • Bookkeeping (Monthly, quarterly, or annual)
    • Chart of account setup
    • Payroll processing
    • Cash flow budgeting and forecasting
    • Corporate tax planning and return preparation

    Start Up Assistance

    Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Mark B. Lackie, PC can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

    We can help you with some of the most important part of a business and that is birthing it. While starting your business may be as simple as saying “Hi everyone, I’m here”; in reality it is much more complicated than that. And the decisions you make at the start have long-term impacts and can lead to major tax consequences. So, we can help you decide what form of entity you may want to have such as a sole-proprietor, a partnership, a limited liability company (LLC) or a corporation. We will explain to you the income tax implications of each of those entity choices and why some are better for you in your circumstances than others. The decision is based on who your owners are, what you are doing with your business and maybe even where you are operating from. We will work with you (and your attorney if you so desire) to get you started correctly.

    Forensic Accounting

    Do you have the feeling something is “just not right” with your business? Or maybe you are making money but your gut feeling is telling you that it should be “much much more.” Or maybe, the bank may call you asking about some oddities they have noted in your bank account. Or maybe the credit card is being used more than you thought it should be. These can all be signs that someone is stealing from you.

    It is an unfortunate thing that fraud happens and it CAN happen to you. But by being careful, we can help you reduce your risk to fraud. We have seen many different schemes that have occurred and almost always it was with the owner sitting close by and failed to notice it.

    Fraud often occurs because you have given up control of your company for convenience. The bookkeeper has worked for you for many years so you relax your control over the signing of the checks. Or you have employees who you trust to purchase company materials with a credit card. Unfortunately, it is your trust in employees that gives them the opportunity to steal from you.

    We can help you if you have been a victim of employee theft (or maybe even customer theft) by documenting the actions of the various parties involved and more importantly, we can come in and analyze your procedures and make recommendations to reduce the risk of loss. We obviously prefer the analyzing of your procedures than the documenting the loss for either criminal or insurance purposes.

    Once Mark was told that he “thought like a crook” when making his recommendations about internal controls of a company. Unfortunately, that is the way you have to think to stop the employees of your company. So, unfortunately, that was a compliment..

    Cash Flow and Budgeting

    Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Mark B. Lackie, PC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

    Debt and Finance Advising

    Whether your needs are corporate or personal, Mark B. Lackie, PC's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.

    Lease vs. Buy

    We can help you make decisions as to whether you should purchase a piece of equipment or lease the equipment. While this sounds easy, it can get extremely complicated because several issues can come into play such as the current tax laws, borrowing rates, guarantees etc. We can analyze a lease agreement for you and make a recommendation as to what you is best for you.

    Consulting Services

    As you can imagine, we are used to dealing with numbers. So, if you have a project that deals with analyzing numbers, give us a call. We can help you with just about any type of number crunching but consulting also can be analyzing the processes that the accounting records are handled.


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