Quality Accounting Services
Accounting Services provided
An Expert in Everything You Need
Personal:
Notary service, Tax Preparation.
Business:
Notary service, Tax Preparation, Business taxes, Payroll taxes, Sales tax, Food and Beverage taxes, Payroll service, Audit preparation, Financial Statement Analysis, Financial reports, filling out tax forms such as W2 and 1099, and Bookkeeping.
Notary services
Notary services involve the activities performed by a notary public, an official authorized by the state to witness the signing of documents and verify the identity of the signers. Here are some key functions and features of notary services:
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Document Authentication: Notaries verify that the person signing the document is who they claim to be, often requiring identification such as a driver's license or passport.
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Witnessing Signatures: Notaries witness the signing of important documents, such as contracts, deeds, powers of attorney, and wills, to ensure the signers understand the document and are signing willingly.
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Administering Oaths: Notaries can administer oaths and affirmations, which are often required in legal proceedings.
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Certifying Copies: Some notaries have the authority to certify copies of documents, confirming that a copy is a true and accurate reproduction of the original.
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Traveling Notary Services: Many notaries offer mobile services, traveling to clients' locations to provide convenience for individuals unable to visit a notary office.
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Specialized Industries: Notary services are crucial in various industries, including real estate (for mortgage documents), legal (for affidavits), and financial sectors (for account openings).
Notary services help prevent fraud and ensure that important transactions are conducted legally and ethically. Each state has specific laws regulating notaries, including their duties and the processes involved in notarization.
Personal tax preperation
Tax preparation is the process of preparing and filing tax returns to comply with legal obligations imposed by tax authorities. Here are the key aspects of tax preparation:
1. **Gathering Information**: Collecting financial documents such as income statements (W-2s, 1099s), deductions, and credits (receipts for medical expenses, mortgage interest, etc.).
2. **Understanding Tax Laws**: Staying informed about current tax laws and regulations, which can change annually and may impact deductions, credits, and overall tax liability.
3. **Filling Out Tax Forms**: Completing the appropriate federal, state, and local tax forms, often using tax software or by hand, based on the individual's or business's financial situation.
4. **Calculating Tax Liability**: Determining the total taxable income, applicable deductions, and credits to calculate the final tax liability or refund.
5. **Filing Tax Returns**: Submitting tax returns electronically or by mail to the appropriate tax authorities before the filing deadline.
6. **Post-Filing Steps**: Monitoring for any updates or communications from tax authorities and being prepared to respond to audits or inquiries if they arise.
Many individuals and businesses turn to professional tax preparers or accountants for assistance to ensure accuracy and optimize tax savings. Proper tax preparation can minimize liabilities and ensure compliance with legal requirements.
Auditing
Dollar Savers Bookkeeping Tax Service provides clients with customized accounting support every step of the way. From Auditing to general tax services, I’m here to manage all of your needs with personalized care. I always advise clients to bring me any documents that require signing before signing them to make sure everything looks ok.
Business Tax Preperation
It involves the process of organizing and filing tax returns for businesses, ensuring compliance with federal, state, and local tax regulations. Here are the key components:
1. **Financial Record Keeping**: Maintaining accurate financial records, including income, expenses, payroll, and other business transactions throughout the year.
2. **Identifying Tax Obligations**: Understanding different tax obligations based on the business structure (e.g., sole proprietorship, partnership, corporation) and applicable tax laws.
3. **Deductions and Credits**: Identifying eligible deductions and tax credits specific to the business to minimize tax liability, such as operating expenses, depreciation, and business-related travel.
4. **Choosing the Right Forms**: Completing the appropriate tax forms and schedules based on the type of business and financial activities. Common forms include Schedule C for sole proprietorships and Form 1120 for corporations.
5. **Filing Returns**: Submitting business tax returns by the required deadlines to avoid penalties. This may include federal, state, and sometimes local tax returns.
6. **Tax Planning**: Engaging in proactive tax planning throughout the year to optimize tax outcomes, including timing of income and expenses and structuring business transactions effectively.
7. **Compliance and Audit Preparedness**: Ensuring compliance with all tax regulations and being prepared for potential audits by maintaining organized records and adequate documentation.
Business tax preparation often requires a thorough understanding of tax laws, and many businesses seek the assistance of tax professionals to ensure accuracy and maximize tax benefits.
Bookkeeping
Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a pre defined basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your accounting process for a few reasons. When you keep transaction records updated, you can generate accurate financial reports that help measure business performance. Detailed records will also be handy in the event of a tax audit.
Various other taxes filed on your behalf:
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Sales Taxes
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Food & Beverage Taxes
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Excise Taxes
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Capital Gains Tax
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Trust Taxes
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Estate Taxes
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Non-Profit Taxes
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Gift Tax
Payroll Services
Payroll processingCalculating employee salaries, benefits, and reimbursements, as well as taxes and other deductions. Payroll reportingGenerating reports to help businesses understand how their workforce is doing and identify top contributors. Payroll taxCalculating payroll taxes based on information provided by the client company and generating payroll tax reports. Some payroll service providers can also help file payroll taxes. Wage garnishment processingAutomated payroll systems ensure that all appropriate taxes and garnishments are applied. New hire reportingSome online payroll providers can help with reporting new hires to state agencies. Direct depositMany payroll providers accommodate direct deposit as a payment method, which can help employers reduce costs. CompliancePayroll providers keep up with payroll-related laws and regulations to ensure compliance with tax laws and employment regulations. They may also notify clients about changes to wage and tax laws