A lot of small businesses are unaware of the requirements for having payroll. States require certain insurance coverage, while also requiring documentation to be submitted and maintained regarding who you employ, how much you pay them, and so forth.
In addition, there are a number of implications for a self employed individual to pay themselves. For example, an S Corp owner who pays for his health insurance through the business, is required to pay income tax on that premium and can report a self employed health insurance deduction on their return.
We are well versed in these requirements, and can get you set up with payroll and all of it's requirements rather quickly.
Let us help you!
NYCTaxguys, Inc can assist you with taking the load off from the administrative tasks such as payroll, bookkeeping, financial statements, and taxes. We have extensive knowledge in the tax code in regards to business formation (LLC vs S Corp., C Corp., etc), payroll and payroll taxes, GAAP financial statements, and many others. We can set you up so all your bills, checks, and tax notices come to us and you can focus on growing your business!
Sometimes, as a small business owner, you may be able to handle the bookkeeping task, and do not have the need for payroll as of yet. However, to study the tax code, and attempt to prepare your own business taxes is out of the question.
We can help! NYCTaxguys has the experience and expertise to prepare your business return professionally and accurately. We can prepare C Corporation, S Corporation, LLC, and sole propietor returns.
In addition to the services listed above, we can also help with a number of different tasks. We are experienced in:
If you own a small business, and have attempted to manage your books, you know how time consuming this task can be.
We offer a wide variety of services in terms of bookkeeping. Our clients tend to enjoy the remote service where they can access their financial statements remotely, and provide us with access to view their bank statements, credit card statements, and other information. We provide you with a portal to upload all of your documents, and we take it from there.
In addition, we can assist with the cutting of checks, processing invoices to your clients, processing bills, and generating financial statements monthly, quarterly, or annually.
Don't forget to ask us about a bundle package for payroll, bookkeeping, and tax services!