Alec Simonovitch, CPA, MPAC

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Personal Finance shouldn't always feel stressful, lets talk about it.

Let's walk through step by step to ensure we take all that worry off your shoulders.

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A BRIEF HISTORY OF MY PROFESSIONAL CAREER

Here's what you can expect when working with me

Basic Book Keeping

• Maintenance of all up-to-date financial records.

• Reconciliation of all bank statements to ensure accuracy.

• Management of company's accounts receivable and accounts payable.

• Assessing your company’s cash flow to make the best informed financial decisions.

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Tax Planning and Strategy

• Development of tax planning strategies to optimize financial efficiency and minimize tax exposure.

• Develop an accurate cost benefit analysis of these tax treatments.

• Gather all information for tax filing season for seamless transition to preparation and filing of filings.

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Preparation of Financials

• Accurate recording of financial transactions.

• Preparation of detailed profit/loss statements.

• Compilation of balance sheets to assess financial health.

• Monthly generation of informative financial reports for strategic planning.

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About Me

    Let me tell you a little bit more about myself. I grew up in a small town known as Spencer, just outside of Worcester, Massachusetts. Even as a young kid, growing up the lake, I always found myself curious behind statistics and numbers. Whether it was trying to make an estimation of how many fish were in the lake, or how much money it costs to build a kayak, it was like I was always crunching numbers in my head.

    It was safe to say, I knew a career in finance was the way for me from the very beginning. Upon graduating high school from St. Peter-Marian, I could not wait to really dive into my finance studies at Bryant University. Since then I finished my Bachelors & Masters degree in the Bryant Accounting School and went on to start my career with Price Waterhouse (PWC) following my internship with the company.

    In my current position as Senior Tax Associate at bluebird bio, I have been lucky enough to help 100s of people with their tax related issuses. I want to share the knowledge I have to help people more on a personal level. If this interests you at all, lets get in touch, and I will see how my services can be best suite you!

YOU MAY STILL HAVE SOME QUESTIONS

Let's go over them, together!

Hiring a bookkeeper for a small business brings a myriad of benefits, ranging from financial organization and compliance to strategic decision-making and client confidence. The expertise and time-saving aspects contribute significantly to the overall efficiency and success of a small business.

Invoices will be issued on a monthly basis, with the billing cycle concluding on the 15th of each month. You can expect to receive your invoice promptly after this date.

Depending on structure, reconcilliations will likely occur at the end of each month and you will receive financials and reconcilliations within the first week following month end.

Accurate record-keeping ensures all financial transactions are recorded promptly and correctly, providing businesses with a clear and organized financial history. This helps in tracking expenses, analyzing financial performance, and making informed decisions.

Outsourcing bookkeeping tasks saves business owners valuable time that can be better utilized for focusing on core business activities such as product development, customer service, and business growth strategies. It allows entrepreneurs to concentrate on activities that directly contribute to the success and growth of their businesses.

A bookkeeper ensures that all financial records are maintained accurately and in compliance with tax regulations. They track income, expenses, and deductions, ensuring that businesses meet their tax obligations and minimize the risk of penalties or legal issues. Additionally, bookkeepers prepare and file tax returns, keeping businesses up to date with their tax obligations.

Bookkeepers analyze expenses and financial data to identify areas where costs can be reduced or optimized for improved profitability. By closely monitoring expenses, they help businesses identify inefficiencies, negotiate better terms with suppliers, and implement cost-saving measures. This proactive approach to expense management can lead to significant cost savings and improved financial performance.

Bookkeepers use historical financial data and industry trends to forecast cash flow, allowing businesses to anticipate cash inflows and outflows. By predicting cash flow trends, businesses can better manage their finances, plan for upcoming expenses, and ensure they have sufficient funds to meet their financial obligations. This enables businesses to make informed decisions and maintain healthy cash flow levels.