Bookkeeping Services in Akron, Oh
In a Business, Bookkeeping Service are very important to get ready to file your Federal Taxes. Self-employment demands the Filing of an IRS Federal income tax Returns at the end of the year. The form is for reporting your income and expenses. In order to File your Taxes, totals by categories need to be generated and the supporting documentation produced. Guessing is not a viable legal option for the Federal IRS.
This is an excellent choice for small Businesses when they first start up. It entails the use of a simple internal Bookkeeping Services.
A “Dome Bookkeeping Record” book is the easiest way to track your income and expenses for Taxes. The book is very cheap. You can find it in any office supply store. Another method, instead of using a dome book, is to use our Business report for you to fill out your totals so you can File. The monthly records would be important for your Federal Taxes even when using this book. We would be happy to complete your Federal Taxes each year. Using the book or if you use the Business form. Moreover, keep your monthly records the Federal IRS requires that they are available for inspection. This will ensure easy tracking.
Instead of using a dome book, we can provide a Business report form for you to fill out your totals. The monthly records would be important even when using this book. We would be happy to File your income tax Returns each year when you provide acceptable totals.
Bookkeeping Service Options
As your Business grows, Bookkeeping becomes a huge task. At some point, you will need our Bookkeeping service to File your Returns. Our Bookkeeping services starts quarterly to save you money. Then as your business grows you can go from quarterly to a monthly File routine. The cost is proportional to the amount of records to be handled.
Your records File must be in order and correspond to your bank statements, receipts and cancelled checks. We know that you are not Accountants. So, if and when you run into an issue regarding Taxes, just let us help you out. We will be glad to work with you to get you set up!
The IRS has changed the rules regarding the computations and Filing of Federal Tax Returns. It is now the responsibility of the Preparer to attest to the data. This forces the tax Preparer to rely on the businesses Bookkeeping Service data when compiling their totals. Every line item on the Returns must have supporting documentation. When using our Business form, provide documentation of the original documents in different File folders.
Substantiate the figures for the IRS
Taxpayers must substantiate the figures at the time the Federal Returns are completed for the IRS. Taxpayers must state their figures for their Taxes are true and correct and they would need to substantiate those figures to the IRS upon request. The information taxpayers submit to us should be true, complete and accurate.
We request that the business should have true and trusted totals based on the reliable supporting documents that bookkeeping services provide for Filing Taxes. The supporting documents should be available during the preparation process if needed. Moreover, they should be available in case the IRS requires the taxpayer to produce them.