Your computer or other bookkeeping service is a great resource and tool to keep track of your income and expenses, both for business and personal accounting. There are many popular programs, including many that are licensed to you for a monthly or annual fee from online and streamlining services. Your in-house bookkeeper may do a great job at the day to day transactions to keep your books in balance.
Closing the books monthly, quarterly or annually may be another matter. This might be the time for some extra assistance from VaughnCPA, an Albuquerque CPA firm with over 30 years of experience with the Debits and Credits. New IRS regulations now may affect the way you record items for financial statements that you might use for lending, bonding, or other items. Your bookkeeper cannot be expected to keep up with new rules like these. VaughnCPA will be your resource for knowing these rules and communicating them to your staff.
Compliance reports, such as payroll and sales tax reports and proper calculation of FICA taxable items, deductions for qualified retirement plans, worker’s compensation reports prepared correctly. Prepared internally or with the assistance of our staff, proper preparation saves money by saving penalties and interest.