Payroll and Sales Tax Services
The biggest issue with both of these is that the, rules from a
government side change often, and keeping up with them is a
challenge. There are often different rules for city, county, state,
and federal government income tax. There is often city, county, state rules for sales tax as well. The sales tax rules change depending on the type of business and size of business and what state the business is in. Each government agency has different rules on filing information and paying taxes as well.
The charges for both sales tax filing and Payroll would increase from 55 and hour to 70 an hour. Mainly due to the need to keep up with all the regulations. It requires more research and time to keep up to date on the regulations. Most businesses that are established already have someone who keeps up with payroll and sales tax if they need to pay sales tax.
What Services We Offer
Standards of Accounts
The Generally Accepted Accounting Principles (GAAP) rules for accounting and the responsibilities of the routine activities of bookkeepers and accountants alike.
Payment Account Receivable
Account receivable (AR) is money that a business is owed by a customer for goods or services that were purchased on credit. it is a current asset on a business's balance sheet and represents the total value of outstanding invoices.
Bank Reconciliation
Bank reconciliation verifies the accuracy of a company's financial records and helps identify errors, omissions, and fraudulent transactions. it also helps a business reflect its true financial position.
General Ledger Reconciliation
General ledger reconciliation is a primary internal control that helps maintain the accuracy of a company's general ledger (GL) and detect fraud.
Balance Sheet
A balance sheet is one of the three main financial statements used to evaluate a business's performance, along with the income statement and cash flow statement.
Income Statements
An income statement provides a snapshot of a business's overall financial health and can be used to understand a company's operations, assess the efficiency of its management, and identify underperforming sectors among other things.
