Keep overall costs down
Wages for an hourly employee would likely cost more than outsourcing per month. Also, when you outsource you don't have to pay payroll taxes, unemployment insurance, or worker's compensation. In addition, if you have your accountant do your bookkeeping you won't have to worry about a large year end bill for them to do an in depth review of the books.
Note: if your accountant hasn't been doing your bookkeeping and also does not provide this year end review of the books, your tax filings have likely been inaccurate.
Ensure accurate reporting with a CPA
Having a certified professional keep the books up to date means that you always have a reliable set of financials. A bookkeeper doesn't necessarily understand all of the IRS regulations as far as expense classification, when things can be written off vs. depreciated, or how to accurately handle miscellaneous income types, but keeping up with all of these details is a requirement for ongoing CPA.
Financials at your fingertips!
Keep your business running smoothly with accurate and up to date books - this enables you to generate proper financial statements at any time during the year!
Makes tax time easy
As mentioned above, an accountant that has been doing the books has confidence in them at all times and addresses issues as they come up, meaning that when tax time comes you are ready to get filed!
Tax savings
Many small business owners don't realize that it can cost you big bucks at tax time if your books are not properly kept! Besides potentially having to pay an accountant to fix a bookkeeper's errors, misclassified transactions can lead to missed deductions or credits and cost more than you realize
Audit preparation
Keeping the books properly in order at all times ensures that you are ready if the IRS ever wants to review your financial information
Ongoing expert advisement
When we are in charge of the books we will be addressing any issues or concerns as we see them and are able to point out anything that may have an impact on your taxes, so no surprises at tax time!
We work closely with you
We'll always be in touch so that we can address issues as we see them, and you can ask questions as they come up.
We take pride in accuracy, attention to detail, and customer service. Depending on your preference, we will either keep your books for you on our software or remotely access books that you use and will reconcile all accounts on a monthly or quarterly basis. Each time we do this, your books will be reviewed for accuracy and we will reach out with any questions, concerns or comments on what we are seeing, ensuring that you are always in the loop and are efficiently planning for taxes.
How confident are you that your books accurately reflect the current balance of your assets and liabilities? Would you feel confident handing your records over in the event of an audit? It is so important for a business to have its books in order. Messy books may lead to missed deductions, overstated or understated income, and the disallowance of expenses in audit. If you have been overwhelmed with the thought of getting your books straight, we can help you with that.
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