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With our simplified cloud based accounting services technology, Feel confident with your own dedicated Accountants who perfectly understands Tax Filing, Payments, bookkeeping, and all the deductions there is! We help with individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes
(1040's, 940, 941, State Wage Reports, W2,W3 ,W4, Employment Security Reports, 1099’s and so much more!)
We do it all! we help your business prepare, review, and record accurate financial statement data with a high level of consistency. We help develop and maintain your company bookkeeping and accounting policies while supporting your financial reporting projects, such as budget implementation and projected revenue tracking. The best part? it is all cloud based accounting, and your business information is secure and encrypted!.
If you have not started yet, and still have all your plans and ideas floating around, We got you! If you have already started, We got you too! Whether you are a small or corporate business owner, bookkeeping and accounting is an integral part of any company success and preparing a strategic plan can help you clarify your company's direction. We believe we have the right accounting services, and financial management just for you :)
The purpose of a bank reconciliation is to help you compare your bookkeeping records to those of your banks. It checks if there are any two different sets of records for you and the bank in cash transactions. If the records don't match, Our Cloud based accounting team are here to help identify the source of the discrepancy.
When starting a business, the structure you choose influences everything. Every aspect of how your business works or will work must be considered. This includes taxes, bookkeeping, the daily operations of your business, and the risk of exposure of your personal assets.
Kick back and relax while we take care of your bookkeeping for you. You run your business and we handle your day-to-day accounting transactions, keep track of your Account Payables, even maintain your cash flow! With our cloud based accounting services structure, your business is guaranteed for financial success!
Collecting outstanding invoices is probably the least fun part for most business owners. It can be uncomfortable and, frustrating. But with us as your cloud based accounting team, we are confident you will get paid within 30 days of every invoice sent out to your clients!. Your bookkeeping, in the right hands.
We have everything you need to manage payroll online & so much more! From small-business owner to HR manager, we've acquired the right combination of simplified cloud based accounting technologies, accountants and services to help you achieve your goals. Tons of experience with the best bookkeeping technologies to help manage and handle your Weekly, Bi-Weekly, Monthly Payroll processing.
A cloud-based accounting firm provides accounting and bookkeeping services to clients using cloud-based software and tools. This means that all the financial data is stored and processed on remote servers, accessible to the firm and clients over the internet. Working with a cloud-based accounting firm allows for efficient collaboration and real-time access to financial information. This can make accounting and bookkeeping more convenient and accessible for small business owners who may not have the resources to hire an in-house accountant or manage their own accounting software.
Whether to hire a cloud-based accountant or an in-person accountant depends on your specific business needs and preferences. Here are some factors to consider:
Ultimately, the decision to hire a cloud-based accountant or an in-person accountant depends on your specific business needs and preferences. Consider your budget, location, technology preferences, and required services when making your decision.
It is common for companies to wonder whether they should hire a professional to handle their accounting. The assistance of a professional can make procedures such as applying for a loan and filing taxes easier for you. Several employers hire an outside accountant on retainer, while others hire an accountant on a full-time basis. It all depends on your business's needs and resources. Hiring a short-term contractor is an option if you cannot afford to add an accountant to your payroll but need insight during tax season.
Getting ready for tax season is important. In order to make this easier, keep track of any business expenses that you might be able to claim on your tax return throughout the year. Keeping your financial statements up to date will help you file taxes more easily. For instance, If you run a home-based business, you can claim deductions for expenses related to your home and any repairs related to your business. The success of your business depends on its finances, and you, as the business owner, need to understand how accounting works and how to prepare for taxes.
Your business structure is one of the first decisions you'll make when starting up. Taxes, liability, control, and how you pay yourself from your business are all impacted by the structure you choose. It is possible to structure your business as follows: Sole proprietorship, Partnership, Limited liability company (LLC), Corporation (C Corp or S Corp). Some business structures are more complex than others. Depending on how you structure your company, you may have significant filing and reporting requirements. Before selecting a business entity, lay out your business goals and consider the pros and cons of each.
You can use cash-basis, accrual, or modified cash-basis accounting to manage your books. Cash-basis accounting is the simplest way to manage your books. With cash-basis accounting, you only record transactions when you physically make or receive a payment. This is a single-entry accounting system, meaning you record each transaction once. With accrual accounting, you record money whenever a transaction takes place, even if you don’t physically give or receive money (like when you are billed or write an invoice). This is a double-entry accounting system, which means that you must record two entries for each transaction. Modified cash-basis accounting is a mixture of both cash-basis and accrual accounting. You can use a modified cash basis if you want to use the same types of accounts as accrual but only record income and expenses when paid. Generally, you can choose the method you want to use, but the government requires some businesses to use accrual accounting (e.g., companies that make $5 million in annual gross sales).
When transactions take place, you must make sure that your books properly reflect the transaction. Think of debits and credits as two sides of a scale that must balance equally—if a debit increases an account, a credit must decrease the opposite account.
Debits increase asset and expense accounts. Debits decrease liability, equity, and revenue accounts. Credits do just the opposite.
Credits increase liability, equity, and revenue accounts. And, they decrease asset and expense accounts.
Debits and credits are the basis of double-entry bookkeeping, but they can be difficult to grasp, let alone memorize. Our handy chart should help clear up any remaining confusion around debits and credits.