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.

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.