One Team Handling the Accounting, Payroll, Tax, and Advisory Work Together.

Who it is for

Owner-led businesses, contractors, and nonprofits carrying real transaction volume across multiple accounts, cards, and jobs.

The problem it solves

Balances do not agree with the bank, job costs sit in one lump account, and reports arrive too late to change a decision.

What Profit Wise handles

• Monthly transaction coding and bank, card, and loan reconciliation
• Chart of accounts structured around jobs, divisions, or programs
• Accounts payable and receivable tracking
• Month-end close and financial statement preparation

What the client receives

A closed set of books each month, profit and loss and balance sheet reporting you can read, and a standing point of contact who already knows the file.

How it connects

Clean books feed tax planning, payroll reporting, and CFO-level forecasting — the same data set carries through every engagement.

Who it is for

Businesses months or years behind, or coming off a bookkeeper transition, software conversion, or DIY period.

The problem it solves

Undeposited funds, duplicated transactions, misapplied payments, unreconciled loans, and equity accounts absorbing anything unexplained.

What Profit Wise handles

• Diagnostic review of the current file and prior filings
• Rebuilding or correcting prior-period reconciliations
• Correcting misclassified income, expenses, loans, and owner activity
• Documenting adjustments and amending returns when required

What the client receives

A defensible opening balance, corrected historical reporting, and a written summary of what was wrong and what was changed.

How it connects

Cleanup precedes tax planning and advisory work — strategy on unreliable numbers is guesswork.

Who it is for

S corporations, partnerships, C corporations, sole proprietors, nonprofits, and the individuals behind them.

The problem it solves

Returns prepared by someone seeing the numbers for the first time in March, with no chance to influence the outcome.

What Profit Wise handles

• Federal and Alabama business return preparation
• Individual returns including owner, rental, and investment activity
• Multi-state filings and nonprofit information returns
• Coordination of estimated payments and filing deadlines

What the client receives

Filed returns, an explanation of the drivers behind the result, and an estimated payment schedule.

How it connects

Preparation is the reporting step; planning is where the number is influenced.

Who it is for

Profitable businesses, growing contractors, real estate owners, and multi-entity operators.

The problem it solves

Decisions on vehicles, equipment, distributions, and owner compensation get made without knowing the tax consequence.

What Profit Wise handles

• Entity and reasonable-compensation review
• Timing of income, expenses, and fixed-asset purchases
• Quarterly projections and estimate adjustments
• Retirement plan, depreciation, and credit considerations

What the client receives

A written projection, planning options with the tradeoffs stated, and a decision calendar for the year.

How it connects

Planning depends on current bookkeeping and directs the following year's preparation.

Who it is for

Crews, field teams, and offices with hourly, salaried, prevailing-wage, or multi-state employees.

The problem it solves

Payroll consumes an afternoon each cycle, notices arrive for filings nobody tracked, and certified reports slow down draws.

What Profit Wise handles

• Payroll processing, direct deposit, and pay-period support
• Federal, state, and local payroll tax deposits and returns
• New-hire reporting, W-2s, and 1099s
• Multi-state registrations and certified payroll reporting

What the client receives

A payroll that runs on schedule, filings made on time, and one place to send payroll questions.

How it connects

Payroll data flows straight into job costing, cash-flow forecasting, and tax planning.

Who it is for

Businesses on QuickBooks Online, QuickBooks Desktop, or Xero — or moving between them.

The problem it solves

The software was configured by whoever set it up first, so reports do not match how the business actually operates.

What Profit Wise handles

• File setup, conversion, and chart of accounts design
• Bank feed, rules, and app integration configuration
• Job costing, class, and location tracking
• Owner and staff training plus ongoing support

What the client receives

A file that produces reporting you trust and a team trained to keep it that way.

How it connects

A properly configured file is the foundation for every other service listed here.

Who it is for

Businesses adding crews, equipment, locations, or debt — and owners weighing a large commitment.

The problem it solves

Revenue is up and the bank balance is not, and there is no forecast to test a hire, a truck, or a new contract against.

What Profit Wise handles

• Rolling cash-flow forecasting
• Job, service line, and division profitability analysis
• Budgeting, pricing review, and break-even analysis
• Lender and bonding reporting support

What the client receives

Scheduled working sessions, a forecast that is maintained, and specific recommendations with numbers behind them.

How it connects

Advisory sits on top of accurate books, payroll data, and current tax projections.

Who it is for

New businesses, second entities, and operators formalizing what started as side work.

The problem it solves

The entity gets formed first and the tax, payroll, and accounting consequences get discovered later.

What Profit Wise handles

• Entity selection discussion and formation filings
• EIN, state, and local tax account registrations
• Accounting file and chart of accounts setup
• Payroll setup and owner compensation structure

What the client receives

A registered entity, working accounting and payroll systems, and a compliance calendar from day one.

How it connects

Formation decisions determine the tax planning options available for years afterward.

Who it is for

North Alabama nonprofits with grants, restricted funds, contract revenue, and volunteer boards.

The problem it solves

Restricted funds are tracked in a spreadsheet, and board and grant reporting requires a manual rebuild each time.

What Profit Wise handles

• Fund and program-level accounting structure
• Grant and restricted-fund tracking
• Board-ready statements and budget-to-actual reporting
• Payroll and information-return support

What the client receives

Reporting your board and funders can read, prepared on a predictable schedule.

How it connects

Nonprofit reporting relies on the same disciplined close and payroll process used across the firm.

Who it is for

Individuals and businesses holding an IRS notice, an unfiled-return backlog, or an active collection matter.

The problem it solves

Notices carry deadlines, and each unanswered one narrows the options available.

What Profit Wise handles

• Review of notices, transcripts, and filing history
• Power of attorney and direct communication with the IRS
• Examination and appeals representation
• Collection alternatives, penalty relief requests, and payroll tax matters

What the client receives

An Enrolled Agent communicating with the IRS on your behalf and a plain explanation of the options and deadlines.

How it connects

Resolution usually requires filings and bookkeeping to be brought current at the same time.