Bob’s firm specializes in tax and financial services for individuals, partnerships, S corporations, and LLCs. They work with clients in a variety of industries, including interior design, restaurants, construction, and automotive. They also offer specialized accounting software and keep up with industry-specific regulations. Madison loved her job at a corporation, but she wanted to have more stability. When she started BOB, she realized that she could grow her own bookkeeping business and have control over her time.
Tax Preparation
The complex nature of business tax regulations in NYC requires precision and a focus on local laws to ensure compliance and avoid penalties. Partnering with a knowledgeable bookkeeping service can ease the burden on small businesses and provide valuable financial insights for strategic decision-making.
Tax preparation services handle a variety of needs, from calculating employee wages to managing federal, state and local tax withholdings. They also assist with reporting, filing and audit support as well as investor reporting. They can even help your business keep track of inventory, calculate profit margins and prepare for future growth.
bob’s bookkeepers Hesch has over 40 years of individual, partnership and corporate income tax experience. He specializes in multi-state and local taxation with expertise in local property, sales and income taxes for cities, towns and counties. He has a wealth of experience in working with various industries including restaurants, manufacturing, construction, automotive dealerships, contractors and fulfillment businesses. He offers tax preparation, planning and consulting for all business types.
Financial Statement Preparation
Financial statements give a clear and fair view of a business’s finances. They showcase how much a business owes to its vendors and customers, the cash that’s in-hand and if it is making profits. Well-maintained financial statements will also be useful when applying for a loan or investing in a new venture.
Preparing financial statements is a complex process that begins with adjusting entries to ledger balances which are then transferred to an unadjusted trial balance report. These adjusting entries will be used to prepare a company’s income statement, cash flow statement and balance sheet.
The accounting worksheet serves as a check and balance for the data in these financial reports, ensuring that they all jibe together. This step is especially important for large companies with complex accounting processes and numerous accounts. It can also be useful for investigating why a company’s financial statements are not balancing. The accounting worksheet is a valuable tool that helps simplify this complicated process for Bob’s bookkeeping service.
Payroll Services
Megan was recently laid off from her job and started to search for new employment. She found BOB and enrolled in the program. It was a very challenging program but it helped her to see the stability that she can build for herself. She also saw that everybody in the group was successful and she realized that if they can do it then she can too.
Payroll services include calculating employee wages, factoring in regular hours, overtime, bonuses, and deductions to ensure accurate paychecks. They also manage federal, state, and local tax withholdings, and distribute direct deposit and paystubs. They can also assist with budgeting, forecasting, and strategic financial decisions with tax implications in mind. A good bookkeeping service will be able to customize these services to meet the unique needs of your business. This includes using specialized software for your industry and staying abreast of all industry-specific regulations and reporting requirements. Moreover, they should be able to provide you with references from past clients that can testify about their professionalism and reliability.
Business Consulting
Whether you manage a law firm, management consulting company or another professional service business, your industry requires specific accounting expertise. Your bookkeeper can provide you with valuable insights into your business’s financial health by analyzing data and identifying trends.
A well-rounded bookkeeping service can handle complex tax regulations, payroll and financial reporting. Using cloud-based software, these services can provide real-time financial statements, which empower businesses to make informed decisions quickly and confidently.
When shopping for a bookkeeping services, ask for references. You should also check the service’s credentials on online review platforms and verify their accreditation. By following these steps, you can find a trustworthy partner that meets your unique business needs. Ultimately, this can save you time and money by eliminating the need to hire in-house accountants. As a result, you can focus on growing your business and expanding your customer base. Moreover, accurate and timely financial reports can ensure cash flow stability and help you stay competitive in NYC’s demanding business landscape.
The Bottom Lines
Licensed in Ohio since 1977, Bob has been providing bookkeeping services to businesses including restaurants, interior design firms, construction and auto dealerships. He uses specialized accounting software and stays current on industry regulations to ensure compliance with tax laws. Madison loves the freedom she gets from growing her own bookkeeping business. She can work from home and be there for her kids.
