Tax-Purposed Bookkeeping
Tax-Purposed Bookkeeping is our term for a level of bookkeeping service more appropriate for most sole-proprietors and single person LLC's. It includes entering and reviewing your income and expense transactions, bank statement reconciliation, and preparation of a month or quarterly and year-to-date profit and loss statement.
If you have ever gotten a "surprise" in March when you get your tax return done, leaving you with just a few weeks to come up with a large tax balance due, you know what a benefit it can be to stay on top of your books and taxes throughout the year.
Tax-Purposed Bookkeeping allows us to review your scheduled estimated tax payments for necessary adjustments. We also use this information to advise you on an expected tax benefit of purchasing equipment, and whether timing of the purchase is critical to its maximum tax advantage.
This is done at a cost which is typically less our Certified Public Accountant services, which would include more detailed reports, balance sheets, and other advanced accounting services.
Using our tax-purposed bookkeeping service may also save on tax preparation fees. If we need to complete a year's worth of bookkeeping in order to get your information ready for accurate tax return filing, bookkeeping charges can be higher during the tax filing season.
Want to learn more about Tax-Purposed Bookkeeping from CAYATAX?
Contact Mary Hofer - Assoc. Degree:Finance & QuickBooks ProAdvisor
mary.hofer@cayatax.com
608-784-2292 x 2
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