SCo. Service Plans are all-inclusive solutions that offer small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, prepare payroll and payroll tax returns, furnish financial statements, produce W-2s, prepare tax returns, and supply valuable financial and tax advice throughout the year. All activity is completed online via our technologically advanced platform—so communication and document exchange is in real-time.
Setup and training for SCo. Service Plans couldn’t be simpler. You define your immediate needs and we assess how SCo. Service Plans can be integrated. We train your company’s designated point of contact on the process of providing our staff with the daily information required by the SCo. Service Plans and teach them how to access the system from our website.
|SCo. Service Plans – Supporting company outcomes||Primary||Enhanced||Ultimate|
|Reconcile bank accounts||✓||✓||✓|
|Prepare financial statements||✓||✓||✓|
|Reconcile credit card accounts||✓||✓||✓|
|Quickbooks support and integration||✓||✓||✓|
|Submit payroll taxes to agencies||—||✓||✓|
|Prepare payroll tax returns||—||✓||✓|
|Prepare W2’s and submit to required agencies||—||✓||✓|
|Process third party payments||—||✓||✓|
|Provide employer access to electronic pay records||—||✓||✓|
|Provide employee access to electronic pay stubs||—||—||✓|
|Provide employee access to electronic W2’s||—||—||✓|
|Process bill payments||—||—||✓|
|Process employee expense reports||—||—||✓|
|Prepare 1099’s for contractors||—||—||✓|
|Submit 1099’s to Social Security Administration||—||—||✓|
|Process accounts receivable||—||—||✓|
|Sales tax preparation||✓||✓||✓|
|Review pension compliance||—||—||✓|
|General business consulting||—||—||✓|
|Video check-in meetings||Quarterly||Monthly||As Needed|
If you’re like many self-employed business owners, you may be tempted to stick to the tried-and-true tax deductions (your home office, if you have one, office supplies, mileage, meals, etc.) when doing your taxes. However, one important money-saving advantage of working with a tax professional is they can identify lesser known deductions that you may be entitled to, but are unaware of.
Now that President Trump has signed the new tax law, it’s time to look at how the new changes to the tax code, also known as the “Tax Cuts and Jobs Act,” may impact individuals and businesses. Below is a summary of the major changes that may impact you:
With the Tax Cuts and Jobs Act reportedly headed for the President's desk shortly, you may be asking what you can do before year-end to best position yourself for tax savings, and to avoid or soften the impact of disappearing deductions. The following offers year-end moves that can accomplish those goals.