If you’re just starting a business, we’ll set up reporting and record-keeping systems that make it easy for you to keep track of where your money is going. If you’ve been in business for a while, but need help cleaning up your books, we’ll work with you to streamline your accounting systems and establish a system of checks and balances.
But what’s the best part about using our bookkeeping services? You’ll have more time to focus on running your business and generating more profits. Here’s what we do for you:
If you own a small to medium-sized business with more than a few employees, you already know that payroll is complicated. It seems like every year a new piece of federal, state, or local legislation related to payroll is passed that you need to comply with; such as, the Additional Medicare Tax.
Outsourcing your payroll is more affordable than you think. When you outsource your payroll responsibilities to us you get a dedicated payroll specialist who works with you throughout the entire payroll process there’s no need for you to hire an in-house specialist or maintain a payroll system. We also stay on top of legislation affecting payroll compliance, so you don’t need to. Here’s what we do for you:
To put it very simple, you need an audit protection plan 1040/ 1120/ 1065, so you can relax during an IRS audit. The IRS sent out over 9 million automated notices last year. When you receive an IRS notice, you’re placed in a position where you must defend yourself against their claims (often unsubstantiated) — you are essentially guilty until proven innocent. In some cases, they can also garnish your wages and levy your bank accounts without a court order.
In compiling financial statements for a client, we present information that is the “representation of management” and expresses no opinion or assurance on the statements. Compilations don’t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
Horta’s & Associates Group has experience serving cliente in industries including:
Monthly BookkeepingMonthly Bookkeping is the recording of financial transactions and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/ corporation. There are several standard methods of bookkeeping, including the single – entry and double – entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process. All accounts are placed into our system which is currently QuickBooks Online and Professional 2022.
State Sales Tax PreparationA sales tax is a direct tax on consumption that many states and local governments impose when you purchase goods. The amount of tax youpay is typically figured as a percentage of the sale price. As of 2020, 45 states and an array of counties and cities charge a sales tax. All goods will have a sales tax when being purchased this tax in Florida is 7% of the good. The business or entity charging for the good must pay the state back that 7% in order to keep operating.
Monthly TransactionsAll transactions that occur to your business meaning, checks, credit card transactions or others will be recorded into your account within QuickBooks.
Tax ConsultingThe role of a tax consultant is to give advice, to prepare, and to assist individuals or companies in tax filing or returns. We are also known as tax preparers. We also suggest steps which would help companies save more money. Because companies and individuals pay high taxes to the government, they need a tax consultant to minimize their tax exposure by using effective tax management strategies.
Profit & Loss, Balance SheetEvery quarter of the fiscal year (3months) a report will be generated for our clients that show all of their Profits and Losses. The Profit and Loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually, a fiscal quarter or year.
Multiple AccountsWhen the client has multiple bank accounts spread across their business. All of their bank accounts for that one business will be united to provide, accurate and reliable information.
Annual Tax PlanningAll year-round reports are can be generated for the client which informs them of all their previous taxes along with estimates for current year taxes and the following.
Cash Flow StatementsA quarterly report is a summary or collection of unaudited financial statements, such as balance sheets, income statements, and cash flow statements, issued by companies every quarter (three months). In addition to reporting quarterly figures, these statements may also provide year-to date and comparative (e.g., last year’s quarter to this year’s quarter) results.
Quarterly Management ReportA cash flow statement is a financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.
Business Tax PreparationTax preparation is the process of preparing tax returns, often income tax returns. In which we prepare the business for their annual taxes along with the following year.
Personal Tax PreparationThis offer is given only to the owner of the company for their personal taxes. Which is similar to the Business Tax Preparation however on a personal level.
Inventory AccountingInventory Accounting is the body of accounting that deals with valuing and accounting for changes in inventoried assets. A company’s inventory typically involves goods in three stages of production: raw goods, in-progress goods, and finished goods that are ready for sale. Inventory accounting will assign values to the items in each of these three processes and record them as company assets. Assets are goods that will likely be of future value to the company, so they need to be accurately valued in order for the company to have a precise valuation.
Horta’s & Associates Group is one of the premier accounting offices in Miami, led by a talented and dedicated team of public accountants, tax experts and financial planners. We stay abreast of the latest tax codes and laws to craft customized strategies for your wealth management, tax planning and business formation. We provide businesses and individuals with comprehensive accounting services to end their financial stress.
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