We congratulate you for working on your business idea. Once you make the decision that it is worth pursuing this business dream, our team will walk you through the process so you can feel confident that your legal entity (Inc, Ltd, LLC, etc) is properly recorded. We can assist you select the type of business entity, register the business name, recording the business tax Id, etc.
As you know, when you buy an accounting system, you just get the basic setting. It has to be customized to your specific business needs, so this new system can generate valuable management reports that you can use to make business decisions.
We take the time to learn about your business, what is important to you, and what is more relevant in your industry. With this information, our team starts designing the accounting system following the GAAP guidelines. We make sure that your business financials present all the accounts you need to make management decisions.
QuickBooks is the most used small business accounting system in the USA. We are certified QuickBooks ProAdvisor. We can migrate your data from any other accounting system to the QuickBooks platform (there are some restrictions).
If you are already using a QuickBooks product, we can make the transfer to the VIRTUAL accounting system (QBO Basic, Essential, or Plus).
We understand that you started the business to do what you love and couldn’t find the time to do the tedious work of keeping the accounting records up-to-date. How we know? Because this is one of our specialties. We meet with clients that set-up their own books and the system does not work properly, or they hired the wrong accountant and their reports do not provide them with the information they need. Here is where we come in. Our professionals can review your system and make the required adjustments to assure that you’ll get the reports you need. We’ll bring your records up-to-date so you can get the information when you need it, not just at the end of the year.
Is it taking you more time to do the bookkeeping than working on your business? We can help!!!!
We will enter all the business transactions in your accounting system, reconcile your bank accounts, credit cards, etc. so you can have accurate financial statements (Profit & Loss Report, Balance Sheet, and Cash Flow report). We will provide you with monthly, quarterly and yearly financial reports.
You have financial statements….. Congratulations!!!! Now, what are they telling you about your business?
The combination of these reports will tell us a story about your business operation. It is our job to interpret what it means and discuss the possible adjustments to be made.
We will work with you interpreting and analyzing your financial statements to identify what areas can be improved to increase business profitability.
You can outsource to us the whole payroll process and have the peace of mind to work on your business, or we can provide the payroll platform and you can manage your payroll. We customize our services to meet your needs (link to Payroll page).
Beside the income tax and employment taxes, there are other responsibilities the small business owner must take care of while operating their business. Here are some of them:
Sales & Use Tax:
The Ohio sales and use tax applies to the retail sale, lease, and rental of tangible personal property as well as the sale of selected services in Ohio. In transactions where sales tax was due but not collected by the vendor or seller, a use tax of equal amount is due from the customer. The % changes from county to county.
CAT:
The commercial activity tax (CAT) is an annual tax imposed on the privilege of doing business in Ohio, measured by gross receipts from business activities in Ohio. Businesses with Ohio taxable gross receipts of $150,000 or more per calendar year must register for the CAT, file all the applicable returns, and make all corresponding payments.
Workers Comp Insurance:
Introduction to the Workers’ Compensation Law. Workers’ compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job. … A claim is paid if the employer or insurance carrier agrees that the injury or illness is work-related.
You work hard for your money……. why not keep what belongs to you!!!!!
Our experienced staff will help you maximize your tax deductions so you can keep more money.
Our team can help you in every step of the way to gather and prepare these reports to present to your board of directors, partners, investors, bankers, etc., or simply to use internally as a roadmap for your company to present to your managers and employees. The more educated your staff is about the company’s plans, the more loyal they’ll become.
These are other services you will need to continue your business GROWTH:
