Bookkeeping Services

Bookkeeping services are per month or quarterly terms.
Initial catch up months/ annual write-ups are additional due to time elapsed work load to bring books up to date including analysis of income recognition, sales & use tax reconciliation, classification of expenses versus capitalization, accounts receivables/ payables, prepaid expenses, accrued expenses/ estimated expenses, depreciation, loan amortization, partner/shareholders’ loans or distributions, adjusting entries for payroll expenses & tax liabilities and closing entries i.e. inventory balance and cost of goods sold/ sales. Methods are cash or accrual.

Income Tax Preparation for Individuals

Each tax year taxpayer must complete the current tax year Tax Organizer and sign and date to assert any current tax filing status changes that would be impacted by the tax law TCJA of 2017. Partnership returns will require disclosure of partnership agreement, a complete set of books i.e. P&L and BS with schedule of partners’ invested funds and loan information. Write up/bookkeeping services are recommended.

Corporate Income Returns

"C" corporation or “S” corporation requires P&L and BS statements with proper reconciliatory schedules and notes for certain BS accounts. Recommended bookkeeping services for these entities.

Other ancillary tax services include State Sales & Use tax returns and/or Payroll Services, tax projections, consulting, tax audit representation before the IRS and State, annual Workers’ Compensation and Disability Insurance premium audits.