ACCOUNTING FOR BUSINES
Payroll Management
We take care of properly managing your business's payroll, ensuring it's error-free and in compliance with all California and federal labor laws.
Includes:
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Recording and processing of salaries and wages.
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Automatic calculation of taxes and deductions (federal, state, Social Security, Medicare).
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Declarations and payments to agencies such as IRS, EDD, and SSA.
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Issuance of W-2, W-3 and 1099 forms at the end of the year.
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Compliance with minimum wage, overtime, and other mandatory employee benefits.
Why is it important?
Proper payroll management avoids legal penalties, builds trust among your employees, and saves administrative time.
Tax Reports
We help you keep your taxes under control and up to date, tailored to your entity type (LLC, Corporation, Sole Proprietorship).
Includes:
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Federal and State Tax Returns (IRS and FTB).
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Calculation and filing of quarterly and annual taxes.
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Sales tax reports in California.
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Coordination of estimated payments for owners or partners.
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Advice on applicable tax credits (ERC, employee credits, etc.).
What do you achieve with this?
You avoid unnecessary debts with the IRS, pay only what you need, and take advantage of all the tax benefits available to your business.
Financial Statements
We prepare professional financial statements that accurately reflect the financial health of your business, essential for investors, banks, and internal decision-making.
Includes:
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Income Statement (Profit and Loss Statement): Shows your revenue, costs, and profits.
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Cash Flow Statement: Reveals the actual movement of your cash.
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Statement of Changes in Equity: Useful for partners and investors.
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Customized reports by project, location, or service type.
Why is it vital?
Clear financial statements allow you to know if you are truly profitable, identify areas for improvement, and understand how to justify your finances to third parties.
Balance Sheets
We prepare accurate balance sheets that reflect your company's assets, liabilities, and equity at a specific point in time.
Includes:
Details of fixed and current assets (bank accounts, inventory, machinery, etc.).
Record of liabilities (debts, loans, accounts payable).
Business capital and shareholder contributions.
Monthly, quarterly, or annual comparisons to analyze your progress.
What is it for?
A balance sheet is like a financial X-ray: it shows the value of your company, its debts, and its assets, which is key to obtaining loans or attracting partners.