Accounting & Payroll

 

Call us for a quote on your accounting and payroll needs
800-344-1040

all new clients will receive a 20% discount from the quote!

Accounting for Business

 

 

We provide bookkeeping/accounting service on a monthly, quarterly or annual basis.

 You receive from us the following:

  • An income statement-showing the business income for the month. This typically comes from the deposits shown on the bank statement minus any loans that are deposited into the account.
  • The income statement also shows all the categories of business expenses and the total expense for each category for the particular month.
  • Then it provides you with the net profit(s) or loss(es)
  • A balance sheet-this form shows the available cash in your business account(s), all your assets minus depreciation and all of your liabilities if any.
  • The reconciliation between assets and liabilities is the net worth.
  • The general ledger for the particular month-this shows all of the individual transactions for the month with the balance of each account.
  • We will provide advice & guidance on maintaining your business profitable
  • As well as tax planning to maintain your tax liability as  low as possible.

 

We provide payroll similar to leasing.

  •  After you fill out all the W-4’s for all employees, we then create your payroll for each employee with all deductions.
  • This can be done weekly, bi-weekly, semi-monthly or monthly.
  • We will provide you with a payroll journal via the Internet through a secure line.
  • You write or cut the check for each employee.
  • At the end of each month, we send you via Internet a Payroll Journal for the month along with an EFT (electronic funds transfer) form showing the totals for each category :
  • Employee FICA
  • Employee MEDICARE
  • Employer FICA
  • Employer MEDICARE
  • Federal Withholding
  • Gross Wages for the month
  • Net Wages for the month
  • FUTA – 940 (federal unemployment tax for the period, if any).
  • SUTA – UCT6 (state unemployment tax for the period, if any).
  • 941 Taxes to be paid via EFTPS.

 This same process will be provided for each month and at the end of each quarter;

  • A 941 form will be filled out and mailed to IRS  as well as a copy for your records.
  • A UCT6 form to the State of Florida will be provided to you, however once we register and enroll the company with DOR (Department of Revenue) the unemployment taxes are paid via File & Pay. 
  • We prepare a File & Pay with the State of Florida at which time your business account will be debited with the Unemployment Tax  then we provide you with an electronic copy.

 At the end of the year we also provide a 940 form which pertains to the Federal Unemployment tax for each employee up to a maximum of $7,000 of wages. This monies can be paid monthly, quarterly or annually and will also be paid via EFTPS.

 We provide W-2 for all employees, a W-3 to IRS and to Social Security which is the total of all W-2’s and copies of all forms to the Employer.

If there are any 1099’s, we can also provide the 1099 for each contract individual and a 1096 is also required by IRS and Social Security which is the total of all 1099’s.

 

 

 

 

 

 

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