Tax Preparation & Bookkeeping

Service Description

Accounting and Bookkeeping may not be the most exciting business requirements but are essential for federal and state compliance, and historical data used for vital business decisions. Many businesses experience the challenge of attempting to complete daily income-earning operations while staying in compliance with accounting and bookkeeping operations. For some, the accounting operations fall to wayside creating a potentially risky financial situation. Others have a difficult time sourcing and securing a trustworthy financial expert to assist in the accounting and bookkeeping requirements. We are here to provide solutions for whatever challenge you face in your business. Tax Preparation Solace Business Services can prepare and complete many city and state tax returns for your business. We can complete tax forms and return them to you to file or file them on your behalf, after your review. These may include but are not limited to: federal and state income tax, 940 reports, 941 reports, state unemployment insurance, workers compensation insurance, Paid Family Medical Leave reports, state excise and business and occupation tax. We will also help you set up tax services, accruals, and reminders in your accounting system, if available. Accounting Auditing and Correction If there are known errors in your current Accounting and Bookkeeping, or you suspect as much, we can audit and identify most issues. Once located, we will advise on the best course of action in correcting the errors and can make the necessary corrections. Bookkeeping Bookkeeping starts with data entry from source documents. We will data enter any transactions into your accounting software correctly. We also provide help with the reconciliation of your asset and liability accounts to ensure your books correctly reflect your financial standing. After the accounts are up to date, we will prepare various financial statements for your review and interpretation. In addition, we enter, track, and record accounts payable and accounts receivable. Finally, a simple or complex proprietary Job Costing process can be implemented to assess the areas of opportunities for your business. While we are able to handle most of your Accounting and Bookkeeping requirements, we also can act as an intermediary to your outside accounting service to assist in the preparation of any other taxes or accounting services. No matter what Accounting and Bookkeeping tasks you require, we can assist you.