Our payroll processing services ensure accurate and timely payroll management, including calculating wages, handling tax withholdings, and ensuring compliance with payroll regulations. Our accounting services contribute to business growth by providing financial insights, identifying cost-saving opportunities, and ensuring financial stability through strategic planning. Learn more about our bookkeeping services, tax reduction services, payroll services and other small business focused accounting services. We offer a comprehensive suite of services that includes bookkeeping, tax returns, tax reduction planning, and CFO guidance.
Once you have selected someone, ask about their service fees and confirm their availability. Then provide them with all the documentation they require, including W-2s, 1099s and more. Always ask to review the paperwork before it is submitted, and never sign a blank tax return.
We know bookkeeping for Minneapolis based businesses
Our bookkeepers reconcile your accounts, categorize your transactions, and make necessary adjustments to your books. The end result is a set of accurate financial statements—an income statement and a balance sheet. Our accounting services for small businesses encompass a range of financial tasks, including bookkeeping, financial statement preparation, tax planning, and advisory services. A balance sheet is a fundamental financial statement that provides a snapshot of a company’s financial position at a specific point in time. The balance sheet is crucial for assessing financial health, understanding the organization’s solvency, and making informed business decisions.
Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450. From businesses- small and large- to families they provide professional representation through stellar communication and service to every client. Since 1950, family bookkeeping minneapolis owned and operated Accurate Accounting Service LLC has been serving the business and personal taxes. Accurate Accounting Service firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We do your bookkeeping
At first glance, bookkeeping and accounting may seem interchangeable. While it may be easy to confuse the two, they are not the same thing. Accounting is the umbrella term for all processes related to recording a business’s financial transactions, whereas bookkeeping is an integral part of the accounting process. Regular financial reporting provides businesses with crucial insights into their financial health. It helps in tracking performance, making informed decisions, and demonstrating transparency to stakeholders.
- Bookkeeping is the meticulous art of recording all financial transactions a business makes.
- Restore peace of mind and improve processes all for a fixed monthly price.
- A financial statement encompasses various reports, including income statements, balance sheets, and cash flow statements.
- A bank reconciliation statement is a document that outlines the differences between a company’s cash book and its bank statement.
- This more advanced process is ideal for enterprises with accrued expenses.
Any individual with a preparer tax identification number (PTIN) is eligible to file your income taxes on your behalf. However, this doesn’t necessarily mean they will be the best candidate to provide the help you need with your income tax preparation. The IRS explains that CPAs, attorneys and enrolled agents are all allowed to legally represent their clients before the IRS.