As you approach the end of the year, you are also approaching the final stage of any tax planning. And you will want to avoid over-taxation on your business as best as you can. Therefore it will be necessary to get your bookkeeping in order. And this can help you prevent overpaying taxes. Efficient year-end bookkeeping services become the starting point for your tax control systems. And Business & Financial Solutions’ professional bookkeepers can assist small businesses in properly preparing end-of-the-year books. Our CPAs, accountants, and tax professionals can handle your accounting, bookkeeping, and tax preparation, all under one roof.
Business & Financial Solutions provides the following.
We reconcile business bank and credit card accounts.
BFS will record any outstanding checks.
Our company can assess any bad debts and write them off as deductions to income.
Loans will be recorded reflect accurate balances, while recording interest expense.
BFS will record any business expenses paid out of personal funds.
We will evaluate personal expenses made with business funds for accurate recording.
We will actually organize your files.
BFS will cleanup any income or expenses reported to the wrong account and reclassify transactions.
1099s will be issued to any vendors, contractors, or subcontractors as required by IRS code.
And your books will be closed out for the year.
Accordingly, our tax preparers will prepare your calendar year or fiscal year tax returns.
Afterward there will be other items for consideration may be standard mileage versus actual automotive expense, and home office deductions. In fact, we will provide adjusting journal entries for depreciation, amortization, and corrections and record them to your books. And we help with the cleanup of any unresolved issues after taxes are prepared. Additionally, we will meet with you to discuss them and a plan of action and improvement. And we will determine the best strategies for minimizing future taxes, while allowing the best financial stability for your company.
BFS has office locations in the Maryland, Washington DC and Greater Northern Virginia areas. We offer financial accounting solutions nationwide.
Please contact us at [email protected]. Or call us at (855) 557-2222.