THE MANY SERVICES WE PROVIDE TO OUR CLIENTS
Monthly and QuarterlySolutions:
- Set-up and maintenance of accounting system
- Set-up of standard CFS chart of accounts
- Checking account bank reconciliation
- Recording of transactions into general ledger or review of client prepared general ledger
- Enter into general ledger one credit card and expense distribution
- Review of balance sheet accountant balances
- Maintenance of fixed asset detail listing
- Preparation or cumulative statement of income and expenses, balance sheet
Business Compliance (form filing to all taxing authorities):
- Preparation of Sales tax – monthly or quarterly
- Withholding statement for employees – W-2 Forms or 1099s
Consultation:
Tax Planning:
- Advise on new tax laws which affect businesses
- Review of prior year tax return at initial set-up
- “Off-season” tax planning
Tax Preparation:
- Resolution of all correspondence from taxing authorities if CFS prepared the return
- Business tax return prepared – Schedule C (no additional charge)
- Self employment tax – social security- prepared
- Estimated income tax quarterly payments reminders
- Personal tax returns prepared
- Business property returns prepared
- Corporate and partnership returns prepare
Payroll Solution Services:
- Each Pay Period: payroll checks or direct deposit, Employee Earnings Statement,Payroll Journal, Paycheck Register, and client data entry worksheet
- Each Quarter: 941 quarterly return, state Quarterly Wage and Withholding Report
- Each Year: 940 Employer’s Annual Federal Unemployment Tax Return, State Annual Reconciliation Statement
- Employee/Employer W-2, W-3 Re-cap – wage and tax statement, non-employee 1099’s, 1096 summary
- Each Pay Period: Instructions on taxes to be paid, with appropriate coupons, or EFTPS payments executed automatically and notification of payment sent to you via email
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