Year-Round Accounting 
and Payroll Services

Month-to-Month Finances Available for Small Businesses

Let's Talk:

(402) 423-7500

Tax Services

While a computer software program may help find deductions, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.

Here are a few of the benefits you’ll reap when using our service:

  • We’ll prepare all of the appropriate forms and record all figures and calculations accurately.

  • We’ll make sure that you receive all of the deductions and credits to which you are entitled.

  • We’ll file your return electronically to speed delivery of refunds.

  • We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.

  • We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.

Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we'll help you set up an easy system to keep your books current going forward.

Strategies

  • Splitting income among several family members or legal entities to take advantage of lower income tax brackets

  • Shifting income or expenses from one year to another when it can yield a lower tax rate

  • Deferring or eliminating tax liability through use of tax-advantaged investment vehicles

  • Tracking all expenses eligible for itemized deduction

  • Taking advantage of tax credits

  • Adjustment of payroll withholding

Accounting Services

Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability. We lend our expert support to meet your accounting needs so that you can focus your time and energy on building a strong business.

We’ll create and maintain a chart of accounts to capture all of your financial transactions, provide the right information to manage your business, and prepare federal, state, and local tax returns. Through periodic internal audits, we’ll identify and resolve discrepancies (e.g., double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position.

While a clean set of books is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements. Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records. This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees. It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc.), and expedites restitution. And it gives you a clearer picture of your cash position for addressing planned outlays and investments.

We can prepare a complete set of financial statements to help you assess the health of your business. This package includes:

  • A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end

  • An Income Statement (a.k.a. Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business

  • A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns

  • A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

  • Estimated tax liabilities

Our analysis of your financial statements helps you frame strategic initiatives (e.g., business expansion, acquisition) as well as tactical plans (e.g., accounts receivable and accounts payable management). Professionally prepared financial statements are also an essential resource when dealing with creditors (e.g., vendors, banks) and investors.

When you use our professional accounting services, you get more than a collection of records and reports. You get the benefit of our skills, experience, and expertise. We’re happy to invest the time to make sure that you understand and utilize all of the information we provide. Call us whenever you have a question or concern.

Managing the employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There’s a host of government reporting and recording keeping requirements that comes with the job. And there are adverse consequences if you get it wrong.

There are 5 good reasons for outsourcing this function:

  • You’ll save money by letting the experts attend to the task efficiency and accurately.

  • You’ll avoid penalties associated with payroll tax calculation errors or missed filing deadlines.

  • We’ll handle employee questions and concerns, and research any issues they uncover.

  • You’ll receive comprehensive reporting to help manage your business and attend to any special requirements.

  • You’ll gain valuable time to focus on running your business.

We offer three payroll service options to meet the needs of different business owners and non-profit clients. All three services include:

  • Vacation, sick, and personal day accruals and tracking

  • IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits

  • Monthly, quarterly, and annual payroll tax reports

  • New hire file creation and reporting

  • W-2, W-3, and 1099 preparation

The service option you choose defines how payments are processed:

  • Comprehensive Payroll Processing Service:We manage the secure check processing and direct deposits

  • After-the-Fact Payroll Service: You process all of the payments, and we post your payroll records and information into our data system and handle all of the other payroll functions.

  • Online Payroll Processing: We provide access to our payroll system to enable you to enter employee hours and earnings. You print the payroll checks on your printer, and we process the direct deposits.

We can also provide ad hoc services, such as:

  • Worker's Compensation Audits

  • Unemployment Claims

  • Social Security Audits

  • Child Support Audits

  • Federal and State registration

QuickBooks Services

Set-Up & Conversion

Although QuickBooks is very easy to use, it takes a bit of expertise and foresight to design the system for maximum benefit and effective control. Moreover, a new system set-up or conversion presents the opportunity to address long-standing gaps, inefficiencies, and annoyances. You don’t do it often, so you might as well do it right!

Although we tailor each engagement to each client’s needs, here is a list of QuickBooks Set-Up services that we offer:

  • Enter transactions since the start date using tools to import multiple transaction types and large quantities of data

  • Assess accounting and reporting requirements

  • Establish hardware and software specifications

  • Install the accounting software

  • Design and implement the chart of accounts, loading balances as of the start date

  • Record outstanding accounts receivables and payables

  • Enter ending statement bank balances and outstanding checks, deposits

  • Compare trial balances from the old and new systems to ensure that all data was transferred correctly

Tune-up & Training

A QuickBooks Tune-Up is a great way to prepare for tax time, an important meeting, or a periodic review of your business strategy. In a few short hours, your QuickBooks professional can review transactions, clean up stray entries, balance the general ledger to subsidiary ledgers, and adjust the chart of accounts to reflect changes in your business model. A Tune-Up can help you make better decisions, minimize the ill-effects of undetected errors, and keep money flowing in the right direction,

Whether you’ve engaged us to help with your implementation or you simply need a refresher course on the system, we can provide training on using QuickBooks to manage your business. We conduct sessions at your location and adapt the course content to your set-up and business issues.[No need to spend time on capabilities that you won’t use!] We’ll spend as much or as little time as you need on each topic, and respond to any questions and concerns.

About Our Firm

In 2017, Michelle Ehlers transitioned to owner of an already well-established accounting practice where she was employed as an Accountant for many years. While our business name may be relatively new, we have continued to provide our clients with the same professional services they have received for many years.

With the rapid technological advances in recent years, we have seen many changes in how we do business. We strive to keep pace with these changes and provide innovative solutions to our clients. We view our role as a Business Partner - assisting you with your business needs and helping you make the most of new opportunities to maximize your growth and profit potential.

We have committed ourselves to providing our clients professional, quality services with the personal attention they deserve. We assure you we will know you by name, not by a number.

About Us

Michelle A. Ehlers, CPA - Founder & Certified Public Accountant

Email: michelle@ehlersaccounting.com

Michelle Ehlers is the founder of Ehlers Accounting & Tax Services and a lifelong Nebraskan. A Lincoln native, she graduated with honors from the University of Nebraska-Lincoln with a Bachelor of Science in Business Administration with an emphasis in Accounting and is licensed as a Certified Public Accountant in the State of Nebraska.

With experience in both public and private accounting, Michelle brings a well-rounded perspective to serving individuals and business owners. Early in her career, she worked for one of the nation's largest regional CPA firms, where she gained extensive experience in tax and accounting services. Her time in private industry provided firsthand insight into the daily financial challenges business owners face, allowing her to offer practical solutions tailored to each client's needs.

Michelle is committed to building long-term relationships with clients and helping them navigate tax, accounting, bookkeeping, payroll, and business planning matters with confidence.

Jillayne Nelson – Administrative Accounting Assistant

Email: jillayne@ehlersaccounting.com

Jillayne serves as our Administrative Accounting Assistant and provides essential support for both our clients and internal operations. She assists with payroll processing, bookkeeping support, client communications, and administrative functions that help keep our office running smoothly and efficiently.

Her strong organizational skills, attention to detail, and commitment to exceptional client service help ensure that our clients receive timely and professional support throughout the year.

Kayla Francis – Accounting & Tax Associate

Email: kayla@ehlersaccounting.com

Kayla joined our team in 2020 and plays an important role in delivering bookkeeping, financial reporting, and tax preparation services for our clients. As a Nebraska native, she understands the needs of local individuals and businesses and takes pride in providing accurate and dependable financial support.

Her responsibilities include monthly bookkeeping, financial statement preparation, and the preparation of individual income tax returns. Kayla's attention to detail and commitment to exceptional client service help ensure our clients receive timely, accurate, and reliable financial information throughout the year.

 

Ehlers Accounting & Tax Services, PC, Accountant, Lincoln, NE

Customers Served

Real Estate • Construction • Industrial • Small & Medium-Sized Business • Executives

Contact Us Today

First Consultation is Free

(402) 423-7500