Tax Services
Tax preparation services are professional services that assist individuals, businesses, and organizations in preparing and filing their tax returns with federal, state, or local tax authorities. These services can be provided by our
firm since we’re INDEPENDENT TAX PROFESSIONAL.
1. Data Collection & amp; Organization Gathering financial documents like W-2s, 1099s, receipts, investment income, business expenses, and other tax-related paperwork.
2. Tax Return Preparation Calculating income, deductions, credits, and liabilities using the latest tax laws and software tools. This may include:
o Individual income tax (Form 1040)
o Business taxes (Forms 1120, 1120S, 1065, etc.)
o Self-employment and freelance taxes
o Estate and trust returns
3. Tax Planning & Advice Providing strategies to minimize future tax liability, such as retirement planning, charitable contributions, investment decisions, and deductions optimization.
4. Filing the Return Electronically filing (e-filing) or mailing the completed tax return to the IRS and state authorities, ensuring timely submission.
Notary Services
Core Notary Public Services:
1. Witnessing Signatures
o A notary verifies the identity of the signer (via ID like a driver’s license or passport).
o The notary ensures the signer is willing and aware of what they are signing.
o The notary watches the signing and then affixes a notarial seal.
2. Administering Oaths and Affirmations
o The notary can formally administer an oath or affirmation to someone (e.g., for affidavits or sworn statements).
3. Acknowledgments
o The signer confirms to the notary that they signed a document voluntarily.
o Often used for deeds, powers of attorney, and other legal forms.
4. Jurats
o The notary certifies that the signer swore to or affirmed the
truthfulness of the contents of a document in their presence.
5. Copy Certifications
o The notary certifies that a copy of an original document is accurate and complete (where permitted by law).
Payroll Services
We offer an Outsourced payroll provider – Third-party companies that handle the entire payroll process.
1. Salary and Wage Calculation
o Calculates gross pay, including hourly wages, salaries, overtime, bonuses, and commissions.
2. Tax Withholding and Filing
o Deducts income tax, Social Security, Medicare, and other applicable withholdings.
o Files payroll taxes with local, state, and federal authorities.
3. Direct Deposit and Paycheck Distribution
o Transfers employee earnings directly to their bank accounts or issues
physical checks.
4. Benefits and Deductions Management
o Manages contributions to retirement plans, health insurance,
garnishments, and other voluntary/involuntary deductions.
5. Compliance and Reporting
o Ensures adherence to labor laws, tax regulations, and generates reports for audits, accounting, and internal review.
6. Employee Self-Service Portals (in many modern payroll platforms)
o Allows employees to view pay stubs, tax forms (like W-2 or 1099), and update personal details.
Bookkeeping Services
Our Bookkeeping services involve the systematic recording, organizing, and managing of a company’s financial transactions. These services form the foundation of accurate financial reporting and are essential for effective business
management, tax preparation, and compliance.
1. Transaction Recording
o Logs all financial transactions, including sales, purchases, receipts, and
payments, usually using accounting software like QuickBooks, Xero, or FreshBooks.
2. Accounts Payable and Receivable
o Tracks money owed by the business (payables) and money owed to the business (receivables), ensuring timely payments and collections.
3. Bank Reconciliation
o Compares and reconciles bank statements with internal records to identify discrepancies and maintain accuracy.
4. General Ledger Maintenance
o Keeps the general ledger updated, which is the central record of all financial transactions categorized into accounts.
5. Financial Reporting
o Prepares basic financial statements such as profit and loss statements, balance sheets, and cash flow reports.
6. Payroll Recording
o Records payroll-related expenses and reconciles them with payroll reports (note: full payroll processing may be a separate service).