What is a Bookkeeping Service?

A bookkeeping service works to develop and maintain a company’s financial processes and ensure there is a proper record of payables and receivables. The service will ensure all financial transactions done by the company are appropriately documented and recorded. Additionally, they manage payroll, handle sales tax, withholding and quarterly taxes, generate monthly financial reports, and reconcile bank statements. A bookkeeping service allows you to get a clear financial picture of your business and helps you see how the business is performing. What are the Duties and Responsibilities of a Bookkeeper? A bookkeeper’s main responsibility is to maintain the general ledgers [...]

By |2020-03-05T20:49:43-08:00March 5th, 2020|Bookkeeping|0 Comments

What Happens If You Cannot Pay Taxes You Owe?

The IRS is more powerful than you think. It comes down heavily on people who do not pay their taxes. From property attachment to a jail sentence, tax defaulters can face the IRS’s wrath in several different forms. But what if a person who owes taxes cannot pay due to temporary financial hardship? Will the IRS still wreak havoc on their life? Probably not. If you do not have enough funds to pay your taxes, don’t panic, you’re not alone. Every year some 5 million taxpayers need a payment alternative. Your inability to pay taxes you owe is not the [...]

By |2020-03-05T07:49:28-08:00February 27th, 2020|Bookkeeping, bookkeeping services, QuickBooks|0 Comments

What is Payroll Processing and How Does it Work?

Money is imperative in every single aspect of a business. This fact usually rings true when it comes to shelling out salaries to your employees. Fortunately, you can take the help of efficient Santa Rosa payroll services to ensure proper supervision and well-handling of your business’ payroll, with nothing forgotten. Payroll processing actually refers to the management of various financial records of employees, such as wages, bonuses, salaries, net pay, and deductions. Although payroll processing may seem like a simple and straightforward process, there is a lot more to it. From remitting to the IRS, to wage policies and payroll [...]

By |2020-03-05T07:45:38-08:00October 15th, 2019|Bookkeeping, Payroll Services Company|0 Comments

Benefits of Outsourcing Accounting Services to a Professional Accounting Firm

Nowadays, businesses and organizations are relying on cost-effective and productive solutions to systematically operate their non-core activities such as payroll and accounting services, and outsourcing is one great idea in this regard. Outsourcing your accounting services to professional accounting firms in Santa Rosa not only offers numerous benefits to organizations, but also helps in simplifying their business operations alongside accomplishing better understanding and control of cash flow. As a matter of fact, it is imperative for every business to have their account books well-organized in order to prepare annual financial statements. However, maintaining financial statements is a daunting task that [...]

By |2020-03-05T07:45:26-08:00September 23rd, 2019|Bookkeeping, Payroll Services|0 Comments

Five Services That a Reliable Accounting Firm Can Offer to Small-Scale Business Owners

Most small businesses have limited resources, which prevents them from hiring enough accounting professionals. When a business’s accounting team is understaffed and overworked, mistakes are bound to happen. Accounting errors can deliver a devastating blow to a business, hitting it where it hurts the most. Additionally, often accounting teams get so bogged down with less important accounting tasks that they struggle to focus on critical tasks. To address this problem, small business owners must consider outsourcing their accounting to a reputable accounting firm. Qualified and experienced have an in-house team of subject matter experts who know accounting principles like the [...]

Employment Tax Information for Employers

Small business owners are usually found looking for reliable bookkeeping services in Sonoma County. Employment tax is one of the essential parts of any business. If you are aspiringto set up your own company, this is meant for you. Before setting up your payroll system, and even before you start hiring your employees, you should be well-informedabout the various kinds of employment taxes. What are Employment Taxes? Employment taxes are those taxes that your business and your employees are liable to pay to the federal, state, and local tax agencies. It is worth noting that self-employment tax or Social Security [...]

By |2020-03-05T07:39:50-08:00July 27th, 2019|Bookkeeping|0 Comments

When is the Right Time to Choose Payroll Processing Services?

If you are looking for reliable bookkeeping services near me, you are in the right place! Here, we shall help you get the most out of our content. Continue reading, and unlock the key mysteries of the accounting world. If you have come this far, the chances are that you are seeking answers to your questions about deploying payroll processing services into your business. Well, you might not be sure whether it is the right time to implement your ambitions. To find an appropriate answer, let us first figure out the reasons to outsource payroll-processing services. Companies with limited employees [...]

By |2019-05-30T11:00:36-07:00May 21st, 2019|Bookkeeping, bookkeeping services|0 Comments

How to Prepared to Face the Auditor?

If you are a business owner, you might be searching online for ‘bookkeepers near me’. There are more reasons to perform a corporate audit than you think. Although you are aware of the IRS audits, did you know that your business might get inspected by any of the local, state, and federal departments too? Depending on the type of business you are running, there can be multiple reasons why these agencies would want to audit your corporation. It might be because of fire safety, verification of building codes, monitoring health, and safety related issues. Why You Might Get Audited Sometimes, [...]

By |2019-07-07T22:34:31-07:00April 12th, 2019|Bookkeeping, bookkeeping services|0 Comments

Easy & Quick Ways to Set up QuickBooks Online

Gone are the days when businesses maintain its accounts manually. Today, organizations use a number of tools to save time and efforts when maintaining records. One of the most popular softwares used by small and mid-sized businesses worldwide is QuickBooks. QuickBooks not only includes loads of features but is also incredibly simple to set up. As hard as it may be for you to believe, you don’t have to be an accounting expert to set up your QuickBooks Online. All you need to do is follow the below simple steps, and you are set! 1. Set Up Company Information The [...]

By |2020-01-14T22:59:08-08:00February 10th, 2019|Bookkeeping|0 Comments

3 Common Bookkeeping Myths Busted

The practice of bookkeeping has been around for centuries. The business landscape is evolving with every passing day, and with every change in the tax code, it becomes more necessary than ever to maintain your books. In every business, there are several transactions on a day-to-day basis that can have far-reaching consequences, which makes recording them an absolute imperative. When it comes to maintaining their books, many businesses fail to do the needful in a timely fashion, which can get them in trouble with the IRS. Thanks to several rumors and misconceptions surrounding bookkeeping, several business owners fail to recognize [...]

By |2020-01-14T22:59:20-08:00January 23rd, 2019|Bookkeeping|0 Comments