A ONE Stop Shop For Your Business
Our Services
Core services
Recording financial transactions: This is the foundation of bookkeeping. You meticulously record all financial activities, including sales, purchases, payments, and receipts, in an organized manner using accounting software like QuickBooks.
Bank and credit card reconciliation: On a regular basis, you compare a customer's internal records against their bank and credit card statements to ensure everything matches. This helps identify discrepancies, track down missing payments, and detect potential fraud.
Accounts payable and receivable: You handle the management of incoming and outgoing invoices. For accounts receivable, you ensure that customer invoices are sent accurately and on time and that late payments are followed up on. For accounts payable, you make sure vendor bills are paid correctly and on schedule.
Payroll processing: You can manage a customer's payroll, which includes calculating wages, deducting taxes, handling benefits, and ensuring employees are paid on time.
Financial reporting: You produce key financial reports, including profit and loss statements, balance sheets, and cash flow statements. These reports give customers a clear snapshot of their business's performance.
Customer benefits
By outsourcing your bookkeeping to us, customers gain the following key advantages:
Peace of mind: We give our customers the confidence that their financial records are in good hands, reducing the stress of managing their books.
Saved time: We handle time-consuming administrative tasks, freeing our customers to focus on core business activities, strategy, and growth.
Expert accuracy: Our expertise ensures records are maintained correctly and are always up to date. This accuracy is critical for informed decision-making.
Better cash flow management: By managing accounts payable and receivable, we help our customers maintain healthy cash flow, so they can cover expenses and reinvest in their business.
Easier tax preparation: We organize and prepare your financial records for tax time, making filing easier and helping to ensure full compliance with tax laws.
Valuable financial insights: The financial reports we create provide important insights into spending patterns, sales trends, and profitability, which helps our customers make smarter business decisions.
A summary of our payroll services
Our firm will manage the comprehensive and timely processing of your company's payroll. We ensure your employees are paid accurately and on time while maintaining strict compliance with all federal, state, and local tax regulations. By outsourcing this complex process to us, you can focus on running your business with confidence.
Our payroll duties include
Payroll processing
Data collection: We will collect and verify all necessary payroll data, including employee time sheets, new hire information, and termination details.
Calculations: Our team will calculate wages, salaries, bonuses, commissions, and other compensation for each pay period.
Deductions: We manage the withholding of all applicable deductions, including:
Federal, state, and local income taxes
FICA (Social Security and Medicare) taxes
Employee contributions for benefits (such as health insurance and retirement plans)
Wage garnishments
Direct deposit and check payments: We facilitate both direct deposit transfers and, if necessary, the printing and distribution of paper paychecks.
Tax filings and compliance
Payroll tax deposits: We are responsible for the accurate and timely payment of all payroll taxes to the appropriate government authorities.
Tax form preparation: We will prepare and file all required payroll tax returns throughout the year.
Year-end reporting: Our services include the production of essential year-end tax forms, such as W-2s for employees and 1099s for contractors.
Compliance monitoring: We monitor changes in payroll regulations to ensure your business remains compliant with all relevant laws.
Record keeping and reporting
Record maintenance: We will maintain accurate and confidential payroll records for all employees.
Payroll reports: You will receive regular payroll reports summarizing earnings, taxes, deductions, and other relevant data.
Audits and inquiries: We will assist with payroll audits and respond to employee inquiries related to their paychecks and statements.
Tax Preparation Services
Tax preparation is a once-yearly, reactive process focused on accurately filing tax returns for the previous tax year. Our services include:
Accurate and timely filing: Gathering all necessary documents and meticulously completing your federal, state, and local tax returns to ensure its compliant and error-free.
Data collection: Assisting you with a checklist of required documents, such as W-2s, 1099s, and records for investments, to streamline the process.
Maximizing returns: Identifying all eligible credits and deductions to ensure you don't overpay and receive the maximum refund possible.
Managing complex situations: Handling more complicated tax scenarios for individuals who are self-employed, own rental properties, or have experienced a major life event.
Tax Advisory and Planning Services
Unlike annual tax preparation, tax advisory and planning is a proactive, year-round strategy aimed at minimizing future tax liabilities. Its an essential investment in your financial well-being.
Tax Advisory
Strategic guidance: Providing ongoing, personalized advice to help clients understand complex tax laws and the implications of various financial decisions.
Identifying opportunities: Spotting opportunities to reduce tax liability by analyzing a client's financial situation throughout the year, not just during tax season.
Audit support: Representing clients and guiding you through the process in the event of an IRS audit.
Tax Planning
Reducing tax burdens: Developing a strategy to reduce overall taxable income, such as by strategically managing investments, charitable giving, and retirement contributions.
Planning for life events: Creating strategies to manage the tax implications of significant life changes, such as marriage, buying a home, or receiving an inheritance.
Staying up-to-date: Keeping clients informed about changes in tax laws and adapting their strategies to minimize potential tax pitfalls.
Business Consulting
Our services include:
· Analysis and evaluation
· Strategy development
· Implementation Support
· Data driven insights
· Business Plan
· Business Incorporation
Limited Liability Company
Partnership
S-corporation
C-corporation
etc.
· Business Licensing
· Setup
· Field consulting
Public Notary
What you can expect from my service
Preventing fraud: Your document is important, and my function as a notary is to protect its integrity. I ensure that the person signing is who they say they are and that they are signing willingly and without coercion.
Verifying identity: To complete the notarization, I must positively identify the signer. Please be prepared to present a valid, government-issued photo ID, such as a driver's license or passport, that meets state requirements.
Witnessing the signature: For certain types of notarizations, you will sign the document in my presence. This allows me to officially attest that the signature is genuine.
Administering oaths and affirmations: For documents like affidavits, I may be required to administer an oath or affirmation, where you formally swear or affirm that the contents of the document are true.
Certifying copies: I can certify that a copy of an original document is a true and accurate reproduction. However, state laws vary on what types of documents can be certified, so please confirm with me in advance.
Recording the transaction: I keep a detailed, official journal of every notarial act performed. This record includes the date, type of document, and identity of the signers, which provides an extra layer of security.
What I cannot do
Give legal advice: I am not an attorney. I cannot explain or interpret the contents of your document, nor can I provide legal advice or guidance. If you have questions about the document's purpose or effect, you should consult an attorney.
Choose the type of notarization: The wording on your document's notarial certificate determines the type of notarization required (e.g., acknowledgment or jurat). I am legally prohibited from advising you on which one to choose.
Notarize a blank document: All documents must be complete before they can be notarized. I will check the document to ensure there are no missing pages or blanks to be filled after the notarization is complete.
How to prepare for your appointment
To ensure a smooth process, please remember the following:
Bring all pages of the document to be notarized, but do not sign or date it beforehand unless the notarization is an acknowledgment.
Bring a valid, unexpired, government-issued photo ID for each person who will be signing.
All signers and any required witnesses must be present for the notarization.
Our Rating
Life Insurance For Businesses and Individuals
1. Protection for families
This is the most fundamental purpose of life insurance: providing a financial safety net for dependents in the event of an untimely death.
Income replacement: For families who rely on a primary earner's income, a death benefit can replace that lost salary to cover daily living expenses, bills, and other financial responsibilities.
Debt coverage: Life insurance can ensure that outstanding debts, such as a mortgage, car loans, or credit card debt, do not become a financial burden on surviving family members.
Funding final expenses: Funerals and burial costs are substantial. A policy can cover these final expenses, so the family does not have to shoulder the financial weight during an already emotional time.
2. Strategic long-term wealth building
For clients who are interested in building long-term assets, permanent life insurance policies offer unique financial advantages.
Cash value growth: Permanent policies, like whole or universal life, build cash value over time on a tax-deferred basis. This cash value can be used as a financial resource during the client's lifetime.
Flexible source of cash: A client can access the policy's cash value through withdrawals or loans for various needs, such as supplementing retirement income, covering college tuition, or handling emergencies. Unlike qualified retirement accounts, withdrawals are not subject to federal income tax penalties before age 59 ½.
Tax advantages: The death benefit is generally income tax-free for beneficiaries, and the cash value of the policy grows tax-deferred.
3. Coverage for special situations
Certain life situations create specific opportunities to address critical needs with life insurance.
Business continuity: For business owners, life insurance can fund a "buy-sell" agreement, where the death benefit provides the surviving owner with the capital to buy out the deceased partner's share.
Estate planning: For individuals with significant estates, life insurance can be used to pay for estate taxes and settlement costs, allowing loved ones to inherit assets instead of being forced to sell them.
Legacy for dependents with special needs: A policy can be used to create a lifelong financial safety net for a dependent with special needs.
Charitable giving: Clients can name a charity as a beneficiary, allowing them to make a substantial and lasting gift to a cause they care about.
4. Planning for life stages
You can frame the conversation around different life stages to help clients see how their needs evolve.
Young adults starting a career: With a new income and limited financial obligations, this is the most affordable time to secure a substantial term life policy. It helps lock in lower premiums for the future.
After marriage and children: As liabilities like mortgages and childcare increase, so does the need for a higher coverage amount. Some term policies offer the ability to increase coverage after major life events.
Approaching retirement: For older clients, a permanent policy can offer a guaranteed death benefit, help with long-term care costs, and serve as an efficient wealth transfer tool.
How to start the conversation with clients
To effectively present these opportunities, focus on a personalized and consultative approach rather than a hard sell.
Ask open-ended questions: Instead of immediately selling, ask about your clients' major life changes, financial goals, and concerns.
Use specific examples: Help them visualize how a policy would protect their family by referencing specific financial needs, like replacing their income for a certain number of years or paying off their mortgage.
Emphasize peace of mind: Shift the conversation away from death and focus on the peace of mind that comes from knowing their loved ones will be financially secure, no matter what happens.
Address budget concerns: Explain that life insurance is often more affordable than they think and that the cost of waiting will increase with age and potential health issues.
Schedule your appointment
Streamline your financial management by booking an appointment with our expert team today. Experience precise, efficient, and personalized solutions tailored to your business needs.
About
our company
I-Bookkeeping LLC is a full-service financial partner dedicated to helping small businesses and individuals navigate the complexities of their financial responsibilities. We go beyond simple number-crunching to provide comprehensive support across bookkeeping, payroll, tax preparation, tax planning, Consulting and notary services. Our goal is to free you from administrative burdens and give you the peace of mind to focus on what you do best.
A Complete Suite of Financial Services
Bookkeeping: We maintain accurate and organized financial records, providing you with a clear picture of your company's performance. From managing day-to-day transactions to producing detailed financial reports, we ensure your books are always in order.
Payroll: Our efficient payroll services help you manage employee compensation accurately and on time, including salary calculations, tax withholdings, and direct deposit. We handle complexities so you can focus on managing your team.
Tax Preparation: We offer expert tax preparation for both individuals and businesses. Our team stays up to date on the latest tax laws and regulations to ensure maximum compliance and help you file with confidence.
Tax Planning: Our proactive tax planning services are designed to help you strategically minimize your tax liability throughout the year. We work with you to develop a personalized plan that optimizes your financial situation.
Consulting: We empower business owners to make informed decisions about their company's structure and organization. Our expert guidance helps you navigate the tax implications and administrative complexities of forming or reorganizing your business. We offer tailored solutions for sole proprietorships, partnerships, and corporations, providing a clear and confident path to success.
Notary Public: We provide professional and reliable notary services for your important documents, ensuring they are properly authenticated and legally binding.
Our Commitment to You
At I-Bookkeeping LLC, we are more than just a service provider; we are your trusted financial advisor. We are committed to building a strong relationship with every client, offering personalized attention and a tailored approach to meet your unique needs. We believe that financial clarity is the foundation of long-term success, and we are here to help you build it.
