The decision to hire a professional bookkeeper is usually triggered by a business owner’s experience of working late into the night, only to find that they’re still not keeping up with their bookkeeping duties. By this point, their books are usually out of order and whether they know it or not, they are often costing themselves money by paying more in taxes than they actually need to. Hiring a bookkeeper will help you to maximize the clarity of your company’s books so you have complete awareness of your income and expenses.

Bookkeepers and accountants (including CPA’s) do very different tasks for your business.  Accountants focus on the high-level views such as whether changing your business formation will provide you with better benefits, or if there is a need to purchase assets, make tax payments and file your federal taxes each year.

Bookkeepers focus on the daily management of your business activities.  These activities include entering and paying invoices, posting payments to invoices paid, updating bank and credit card activities, monthly credit card and bank reconciliations and accurate categorization of income and expenses so that your accountant/CPA have accurate information to guide business owners when making financial decisions and tax planning.  We also ensure that you are tax ready for your CPA at year end.

Bookkeepers and accountants need to be able to work together to play their unique role in making your business profitable and successful over the long term.

Outsourcing your bookkeeping to a professional has many benefits. Primary among these benefits is preserving the integrity of your books. Beyond that, outsourcing your bookkeeping to a professional helps to ensure that you are paying the proper amount in taxes, maximizing your profitability, and most importantly, that you have more time to focus on the day-to-day operations of your business.

Taxes are best prepared by a separate accountant other than your bookkeeper, and one that specializes in tax preparation for your business. This way, you never run afoul of the law, and you don’t overpay your accountant for bookkeeping services. Instead, you take advantage of the unique expertise of each professional.

I will process all state tax filings, including State and City B&O (Business & Occupation) taxes. I file 1099s at the end of the year, as well. I prepare the financial statements, so your tax preparer can file the 1040, 1065, and 1120 forms. The tax preparer is also responsible for the K-1’s related to the Partnership and S-Corporation returns.