- BackOffice Accountant™ services:
- Accounts Receivable - including transfer of Accounts Receivable function to our office, billing customers
- Accounts Payable – monitoring and paying bills as approved
- Deposits, bank reconciliations, and monitoring bank account balance(s)
- Payroll services
- Payroll preparation - Weekly, Bi-Monthly or Monthly
- Monthly and quarterly payroll tax preparation to include payroll tax deposits
- Annual W2/W3 and 1099/1098 preparation
- Respond to federal and state notices
- QuickBooks services:
- Installation and set up of QuickBooks program
- Review and file clean up
- Onsite QuickBooks training as needed, including QuickBooks report design
- On-going support
- Assistance with third party add-on programs
- Assistance in setting up QuickBooks’ internal system of security features
- Review backup and data security procedures in place; make recommendations to improve systems
- Annually Updated QuickBooks software for term of this agreement - FREE or 1/2 list price depending on agreement.
- Pro Edition
- Enterprise Edition
- Online Edition
- Annual QuickBooks payroll subscription - FREE or 1/2 list price depending on agreement.
- CheckMagic check writing software including installation, setup & training in use - FREE or 1/2 list price depending on agreement.
- Payroll and Sales Tax services
- Payroll preparation - Weekly, Monthly or Bi-Monthly
- Monthly and quarterly payroll tax preparation to include payroll tax deposits
- Annual W2/W3 and 1099/1098 preparation
- Sales tax return preparation - Monthly, Quarterly or Annually
- Respond to federal and state notices
- Reporting and Consulting services:
- Cash-flow projections
- Compiled financial statements including review with principals
- Review of financial statements including presentation to board members or principals
- Assistance in preparing forecast and budget, including goal-setting as needed
- Contract review
- ProfitCents related-industry financial analysis
- Semi-annual review
- Annual review
- General business consultation and advice as needed, including review and discussion of what-if scenarios for various projections, review of benefits plans and options, tax projections, etc.
- Key Price Indicator (KPI) determination and procedures
- Capital expenditures planning and consultation
- Establish and monitor basic internal control procedures for cash and other assets
- Business Start up services
- Review start up documentation, including contracts, agreements, etc.
- Purchase analysis including analysis of existing business, meeting with owners, review of history and assets, cash flow and operations projections
- Choice of entity
- File for federal and state tax identification numbers
- Assist with development of business plan including projections and budgeting
- Filing form 1023/1024 for Not-For-Profit status
- SBA application
- Business Tax Return services:
- Preparation of Federal and State Income Tax return
- Preparation of Tangible Property Tax return
- Preparation of Business License Tax return
- Amendments to any returns required for years covered by FPA
- Assistance with IRS/State audits for years covered by FPA, for returns filed by our office
- Response to all tax notices and correspondence with taxing authorities for years covered by FPA that are filed by our office
- Income tax planning and monitoring during term of contract
- Marketing services:
- Review and/or develop marketing plan
- Review and/or develop marketing budget
- Direct marketing assistance
- Provide advertising recommendations and resources for:
- Company theme
- Logos
- Brochures
- Business cards
- Television and radio commercials including onsite assistance during filming
- Written advertisements
- Employer services:
- Assistance with the interview and hiring process for key employees and with DISC reviews for key employees with annual reports
- ESTeam Employee Survey
- Benefits planning – assistance in setting up a company deferred compensation plan, health insurance options, investment choices, and monitoring of accounts
- ProfitCents Business Advisory Report:
Get a clear picture of your business's financial health. We analyze key financial figures of your business and provide you with a plain language written report which includes charts, graphs and a star-rating system to measure your business's financial health. You'll even see how your financial situation compares to other businesses in your industry for a better perspective! View a sample report. Here is a sample of what we address:
- Liquidity - Can you meet your obligations as they come due? Do you annually budget for unexpected cash requirements?
- Gross Profit & Net Profit - Are these trends favorabel? How do they compare to your peers in the industry?
- Sales - Are they growing and are you satisfied wtih their levels? Have you established sales goals for next year?
- Borrowing - Is it costing you more than it should?
- Assets - Are they being used effectively to generate a strong return on your investment?
- Employees - Are you hiring effectively?
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