Accounting involves recording, analyzing, and reporting financial transactions to provide insight into a business’s financial health. Bookkeeping is a key part of this process, focusing on the daily recording of transactions like income and expenses.
Taxes are financial charges imposed by governments on individuals and businesses to fund public services. Personal Taxes are based on individual income and assets. Business Taxes are imposed on business income, profits, and various activities.
To open your company, we start by registering the name and legal structure. We obtain any necessary Licenses and permits. Next we apply for an Employer Identification Number (EIN) from the IRS, then file the necessary formation documents with your state. Finally, we prepare for applicable taxes.
Payroll is the process of managing employee compensation. It encompasses both employees and 1099 contractors. Employees receive regular wages or salaries, 1099 Contractors are paid on a per-project or freelance basis.
Administrative involve performing miscellaneous tasks as needed for example, creating and maintaining spreadsheets and using Excel to track data, organize information, and generate reports to support various needs.
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