Our Services.
Tax Preparation
AJX Financial Service LLC offers comprehensive tax preparation and planning services for individuals and small businesses. Our experienced professionals ensure that you are in compliance with tax regulations while maximizing your tax benefits.
Insurance Adjusting
Our enterprise risk management services include top-notch insurance adjusting to help individuals and businesses recover from unexpected events. We work tirelessly to ensure that you receive fair and timely compensation for your insurance claims, providing peace of mind during challenging times.
Role of an Independent Adjuster
An independent adjuster is a professional who evaluates insurance claims on behalf of insurance companies or policyholders. Unlike staff adjusters who are employed directly by an insurance company, independent adjusters work on a contractual basis and may represent multiple clients. In the insurance industry, both umpires and appraisers play crucial roles in the resolution of disputes
related to claims. They help ensure fair and accurate assessments and settlements. Here’s an overview of their responsibilities and functions:
Key Responsibilities
1. Investigate Claims:
o Site Inspections: Visit the site of the claim to assess damage or loss.
o Gather Evidence: Collect photographs, statements, and other relevant documentation.
o Interview Claimants and Witnesses: Obtain detailed accounts of the
incident from involved parties.
2. Evaluate Damages:
o Assess the Extent of Damage: Determine the severity and scope of the damage or loss.
o Estimate Costs: Calculate repair or replacement costs using industry- standard tools and methods.
o Review Policies: Analyze the insurance policy to understand coverage limits and exclusions.
3. Prepare Reports:
o Document Findings: Compile detailed reports outlining the investigation and evaluation.
o Submit Reports to Insurers: Provide insurance companies with the
necessary documentation to process the claim.
4. Negotiate Settlements:
o Discuss Settlements: Negotiate with claimants or their representatives to reach a fair settlement.
o Resolve Disputes: Address any disagreements or discrepancies that arise during the claims process.
5. Stay Informed:
o Continuing Education: Keep up-to-date with industry changes,
regulations, and best practices.
o Attend Training: Participate in training sessions and workshops to
enhance skills and knowledge.
Notary Services
In addition to our specialized advisory services, we provide efficient notary services to authenticate and witness signatures on a variety of legal documents, ensuring their legality and validity.
Payroll Services
Providing payroll services involves managing the payroll process for businesses, ensuring employees are paid accurately and on time, and complying with tax and labor laws.
Small Business Formation
1. Develop a Business Plan:
o Outline your business idea, target market, competition, financial
projections, and marketing strategy.
2. Choose a Business Structure:
o Decide on a legal structure (e.g., sole proprietorship, partnership, LLC, corporation) that best suits your business needs.
3. Register Your Business:
o Register your business name with the appropriate government authority and secure any necessary permits and licenses.
4. Obtain an EIN:
o Apply for an Employer Identification Number (EIN) from the IRS for tax purposes.
5. Open a Business Bank Account:
o Separate your personal and business finances by opening a dedicated business bank account.
Non-Profit Formation
1. Define Your Mission:
o Clearly articulate the purpose and goals of your non-profit organization.
2. Choose a Name:
o Select a unique name for your non-profit and check its availability.
3. Form a Board of Directors:
o Recruit a board of directors to govern your organization.
4. Incorporate Your Non-Profit:
o File articles of incorporation with your state’s regulatory authority.
5. Apply for EIN:
o Obtain an Employer Identification Number (EIN) from the IRS.
6. Draft Bylaws:
o Create bylaws that outline the rules and procedures for operating your non-profit.
7. File for Tax-Exempt Status:
o Apply for federal and state tax-exempt status by submitting IRS Form 1023 or 1023-EZ.
Business Consulting
AJX provides personalized business consulting to help you make informed financial decisions and achieve your business goals.