Jay D. Parks
73013, Oklahoma [OK], Edmond
73013, Oklahoma, OK, Edmond
Mon, Tue, Wed, Thu, Fri
Welcome to Jay. D Parks and Associates! We aim to give you confidence about your financials through our personalized services and accounting expertise. We offer a broad range of services for business owners, executives, and independent professionals. Our team is friendly and experienced, and we keep our rates affordable.
- For Individuals
Personal Financial Planning - Building and preserving your personal wealth requires specialized attention. You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.
Estate Planning - Estate planning on your own can be complicated and costly. And the list is endless… state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA’s, 401K’s, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few. Not knowing your legal and financial rights often ends up costing you more in the end.
- For Businesses
QuickBooks Services - QuickBooks is the ideal business accounting software for small to mid-sized business owners. We have a variety of resources that can help you become more comfortable and familiar with QuickBooks and all of its’ capabilities.
Audits, Reviews, & Compilations - Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company. Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.
Bank Financing - Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! Therefore, it pays to be prepared and organized in your approach for financing. Put your best foot forward by allowing us to prepare a winning loan proposal for you.
Business Valuation - Few things are more important to business owners than the value of their business. The valuation you get for your business can make or break a proposition. Whether you’re negotiating a merger, considering new shareholders, attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure.
Cash Flow Management - A wise business owner once said, “Happiness is a positive cash flow.” As a business owner, I’m sure you agree. Everything is better when your cash-in exceeds your cash-out. A cash crisis can be emotionally devastating and it can even kill your business. If you’ve ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean.
Internal Controls - At times you may need a trained outside professional to evaluate your company’s operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.
New Business Formation - Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill have worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the “thrill and excitement” period forever.
Part-Time CFO Services - Growing businesses often reach a point where they need professional financial advice, but can’t afford a full-time CFO or controller. If you’re fortunate enough to be in this position then we have the perfect solution for you. Our Part-Time CFO service gives you a professional financial manager who works with you to help guide your business to success.
Payroll - When it comes to paying employees, laws and the IRS have made the payroll function a time-consuming nightmare for the small business owner. Small business owners spend an average of eight hours a month performing payroll functions. That’s 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
Small Business Accounting - As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!
Strategic Business Planning - A Strategic Business Plan is much more than a tool to obtain financing. If you still have all your plans and ideas locked up inside your head… preparing a strategic plan helps you clarify your company’s direction, ensures your key leaders are all “on the same page”, and keeps both management and staff focused on the tasks at hand.
Succession Planning - If you own a family business, retirement isn’t simply a matter of deciding not to go into the office anymore. The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.
- Tax Services
Tax Preparation - Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Tax Planning - Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Tax Problems - Are you having problems with the IRS? We’re here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discrete. The IRS problems will not just go away by themselves; they just keep getting worse with penalties and interest being added each day.
Jay and his team have done both my personal finances and the finances for my online marketing company for years. They have consistently provided excellent results. Jay's always willing to meet in person and provide great advice, both from an accounting standpoint and from someone who's just a fellow small business owner. I recommend Jay to anyone needing tax work or other accounting services.