Small Business Accounting (Bookkeeping)
All small business owners understand the importance of maintaining accurate accounting records. These records can assist with applying for loans, preparing tax documents, and (most important) keeping your business profitable. Bookkeeping services allow up-to-date analysis of your company financials. To keep you on track, our monthly services include:
- Business Formation
- Bank Reconciliation
- Monthly or Quarterly Financial Reports
- General Ledger Management
Deciding to start your own business can be an exciting time. Taking the time to establish a strong business foundation can be the difference in a successful and/or failed business. We will assist with preparing an initial business plan and determining start-up capital needs. We will prepare and file all federal, state, and local business forms and license to ensure your business gets off to a great start.
Reconciling bank accounts monthly allows business owners to verify deposits, identify lost checks and discover unauthorized transactions. To keep your company afloat, you must analyze accounts for possible fraud externally, and search to detect embezzlement within the organization. Monthly bank reconciliation helps recognize errors before they become too costly.
Monthly or Quarterly Financial Reports
Financial statements are essential for small business owners to report their financial position to potential lenders, vendors and investors. Based on your structure and needs, we will provide the following statements on a monthly or quarterly basis….
- Income Statement (Profit & Loss Statement)
- Balance Sheet
- Cash Flow Statements
General Ledger Management
The general ledger is a complete record of a company’s financial transactions. Every transaction flows through the general ledger, so any error with your ledger could offset all your books. We manage your general ledger to locate and correct any discrepancies in accounts. This ensures your books are in balance and accurate at all times.
For the small business owner outsourcing payroll is Cost effective, Saves time, and Reduce stress. Many business owners spend countless hours per month performing payroll functions. These hours could be dedicated to generating more sales, improving products or services, and locating new business opportunities. Making the best use of time is what separates the lucrative business owners from the rest. We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company. Our payroll service eliminates the burden of maintaining your own payroll system. Payroll packages can be customized to meet the needs of your growing workforce.
Individual & Business Tax
The tax laws of today can be very complex. We offer tax return preparation services for individuals and small business. With our years of experience we locate potential deductions to reduce your tax liability.
We prepare and electronically file:
- Individuals – Form 1040
- C Corporations - Form 1120
- S Corporations - Form 1120S
- Partnerships and multi-member LLCs - Form 1065
- Non-Profit - Form 990