Small Business Accounting Services
If you run a small business, chances are, you already wear a lot of hats. “Accountant/Bookkeeper” need not be one of them. We can help! Each month or quarter (your choice) we’ll:
- Reconcile your bank account
- Generate an income statement
- Generate a balance sheet
- Manage full spectrum payroll for yourself and your employees, including filing all quarterly and annual reports
- Assist with Worker’s Comp Audits
These tasks form the solid foundation of your small business bookkeeping system. We craft our services based on the needs of your business. You can customize your service package by tax preparation, or any of our other services.
Our complete list of Small Business Accounting/Bookkeeping services:
BUSINESS & FINANCIAL STATEMENTS
General Ledger management including management of:
- Balance Sheet
- Profit & Loss Statement (a.k.a. Income Statement)
- Supporting Financial Statements
BANK RECONCILIATIONS
We deliver peace of mind by reconciling your business checking account each month. This includes:
- Reviewing Bank Statements
- Balancing Bank Accounts
- General Ledger Entries
- Uncovering Irregularities
PAYROLL PROCESSING
- Payroll Setup and Organization (Includes choosing payroll system, creating payroll policy, gathering employee info, setting up direct deposit, establishing a time tracking system, etc.)
- Quarterly Payroll Tax Returns (941, UCT-6)
- Annual Year End Payroll Tax Returns (940, W-2, W-3, 1099, 1096)
YEAR-END CLOSING
We make year-end closing of your financial statements a breeze by managing your:
- Chart of Accounts Reconciliations
- Financial Statements Analysis
- Trial Balance Sheet Preparation
- Adjustment of Journal Entries
ACCOUNT SOFTWARE SUPPORT
- QuickBooks™ Set-up
- QuickBooks™ Training and Consulting
SPECIAL ACCOUNTING ISSUES THAT MAY REQUIRE EXTRA ATTENTION
We can help you navigate financial statements and requirements related to COVID relief packages including:
- Paycheck Protection Program (PPP) loans
- Emergency Economic Injury Disaster Loans (EIDL)
- SBA loans such as 7(a) loans, 504 loans, and microloans
- CARES act loans
Business Entity Formation
There are a lot of fun aspects to starting a new business. Most people would agree that business formation paperwork isn’t one of them. That’s where we come in. We can help with:
- Business licensing and permits
- Business entity formation filing
- Tax registration including applying for Employer Identification Number (EIN)
- Payroll set up
If you need help deciding which type of business entity is right for you, we can help with that too. Here are some considerations that will be important when determining what kind of entity is right for your business:
- How many people will have ownership in the business?
- If there will be more than one person with ownership, what provisions for transfer of ownership are needed should one person exit the business?
- Do you need/want to limit your personal liability in the business?
- How do you want your taxes to be structured?
Every situation is unique but we can help you in your decision-making process. Next, we can help you file all the necessary paperwork by registering your entity with the state. If you have an LLC, we can even help you with your yearly LLC filing.
Connect With Us
I am a member of the National Association of Tax Professionals (NATP) and am in the process of becoming QuickBooks certified.
