Based in Boston eyes on global
Book Keeping and Financials
For most businesses, keeping track of all financial transactions accurately, booking AR and AP promptly and having a real picture of day-to-day financial status are the most important step to run your business. A well-kept book and accurately compiled monthly financial reports not only help owners to know their cashflows, incomes and expenses, but it is the key for governance, compliance, insurance, auditing and taxation. Bookkeeping and monthly financial can be time consuming and detail-orientated. We are here to help, from setting up accounts, rules to the book, payroll processing, bank reconciliation, general ledger, P&L, Balance Sheet and all financial reports. Focus on your core business, let's do the chores!
Outsource CFO and Controller
A growing business comes with growing incomes and expenses. As your accountant, we will help to build up healthy cashflows and identify the income/expense sources. Our client-dedicated Account Manager is available to locate outlier and abnormalies before bigger problems arise. They are available to answer questions, create internal control process and monitor your financial well-being. Our outsource CFO/controller can be either on-site or on-demand.
Tax Filing and Annual Report
Rainbow Accounting is an IRS Enrolled Agent which gives us unlimited representing power in front of IRS. We have unlimited practice rights representing any taxpayer before any IRS office regarding any tax matter including:
- Notices/Audits/Collections/Appeals
- Tax planning and advice
- Preparing and filing tax returns
Start-up Consulting and Business Registration
Thinking of starting your own business? We are one-stop accounting and tax professionals and can help to register and manage LLC, S-Corp, C-Corp, Non-Profit and Partnership in state of Massachusetts, New Hampshire, Delaware and California. We also help incorporating offshore business in British Virgin Islands and Cayman Islands
Payroll Processing and Employee Benefits
Whether it's a multi-national company with 10,000+ employees or a local barber shop with one helper, payroll and employee benefits are equally complicating due to complex regulations. It requires deep understanding of state/federal tax and labor laws, accurately booking the journal entries and promptly processing salaries, wages, bonus or other compensations. Both voluntary and involuntary insurance and benefits can be headache and time consuming. Our HR specialists can help to smooth the process so you and your employees can be worry free
Trust and Family Office
Our private wealth management advisory team offers a wide range of services beyond traditional accounting and bookkeeping. It includes:
- Family Office(SFO/MFO)
- Investment management and wealth planning
- Tax planning and compliance
- Estate and Trust planning
- Diversification advisory
- Family governance and education
- Risk management and more