Services

HOW CAN

Quest Wealth Advisors Help You?

To ensure that you receive the best service possible, we will assess your specific needs and requiremements and design a long term comprehensive program that is especially suited for you.

Small Business Organization and Consultation

We offer consultation and guidance to determine the appropriate business entity for your needs. We review the pro’s, con’s and tax implications, and rules for operating as a sole proprietor, single member LLC, partnership (multi-member LLC), S-corporation, and C-corporation. We file the necessary documentation with the Secretary of State, third party registered agent, if necessary, and acquire your EIN from the IRS. We will ensure that you have the necessary documentation to open your business bank account and understand annual compliance requirements for your business.

Bookkeeping and Payroll Services

We provide bookkeeping and payroll services via QuickBooks and other third-party software. In supporting your back office functions, we allow you to focus on activities that can generate revenue for your business. We can set-up your chart of accounts to provide you with the necessary level of detail so you can make informed financial decisions. We support you so that you track the appropriate business expenses as well as reconcile your accounts to your banking statements/information and provide standard financial reports (e.g., profit and loss, balance sheet). We can also assist with paying your employees and contractors – via direct deposit or by check. We will get your staff set-up for payroll and can issue W-2s and 1099s. Note: We can issue 1099s for contractors without processing payroll if provided with Form W-9 and the amount paid.

Pastoral Compensation

We can guide you through understanding your risk and removing it if you have any uncertainty regarding pastoral compensation. We work with churches and are familiar with the IRS’s special set of rules for compensation and ministerial taxation. If you complete the Pastoral Taxation & Compensation Questionnaire (no financial information required), we can determine if you need to take any action. See the questionnaire below.

Income Tax Preparation & Planning

We provide professional income tax preparation services to individuals, small businesses and corporations. We ask the questions and perform the analysis to ensure that all deductible expenses are identified and entered on the tax return. Our major aim is to legally minimize the income tax liability of our clients.

Debt & Credit Consultation

We will help you:

• Effectively prepare and use a monthly budget
• Learn how to read and understand your credit reports
• Stop harassing telephone calls and letters from creditors
• Negotiate payment arrangements with creditors
• Offer settlement to creditors for the pay off of debts
• Get out of debt and remain totally debt free
• Build or re-establish a positive credit rating.

Real Estate Consultation

We assist first time home buyers and investors in the acquisition of personal residences and investment properties, respectively. We make recommendations for real estate agents, mortgage lenders, and settlement companies. We advise our clients in all aspects of the real estate acquisition process and review all documents to ascertain that all contractual provisions are in the best interest of our clients.

Church Financial Services

We assist churches in the areas of ministerial compensation, benefits, and taxation, as well as church management, operation, policies and procedures. The services that we provide include:

Creation and implementation of pastoral compensation, benefits and taxation optimization strategies.
Pastorial income tax preparation
Church Operational Audits which focus on enhancing financial controls, operations and compliance.
Creation and implementation of financial resources enhancement strategies
Church and pastoral financial management consultation
Establishment and maintenance of church investment accounts
Monthly payment of church financial obligations